248.2016 Release Letter of Credit Meldon Circle RESOLUTION AUTHORIZING RELEASE OF LETTER OF CREDIT IN
CONNECTION WITH DEDICATION OF MELDON CIRCLE IN THE
HILAND CROSSINGS SUBDIVISION
RESOLUTION NO.: 248,2016
INTRODUCED BY: Mr. Brian Clements
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr.Anthony Metivier
WHEREAS, by Resolution No.: 292,2010 the Queensbury Town Board authorized the
dedication of Meldon Circle in the Hiland Crossings Subdivision to the Town of Queensbury and at the
time of dedication, the developer, The Michaels Group, LLC, provided the Town with a $35,200
Letter of Credit with The Adirondack Trust Company to ensure placement of the top coat on such
road, and
WHEREAS, the Town's Highway Superintendent has advised the Town Board that the road
has been completed to the Highway Superintendent's satisfaction and therefore has requested that the
Town Board authorize the release of the Letter of Credit,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the release of the Letter of
Credit to The Michaels Group, LLC in connection with the dedication of Meldon Circle in the Hiland
Crossings Subdivision, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Highway
Superintendent to provide a certified copy of this Resolution to The Michaels Group, LLC and/or The
Adirondack Trust Company and the Town Supervisor, Town Highway Superintendent and/or Town
Budget Officer to take such other and further action necessary to effectuate the terms of this
Resolution.
Duly adopted this 251'day of July, 2016,by the following vote:
AYES Mr. Clements, Mr. Strough, Mr. Metivier
NOES None
ABSENT:Mr. Irish, Mr. VanNess