Loading...
2.02 2.2 FINANCIAL\2018\Close Capital Project 183—LWRP Program Grant Project—5-6-18 RESOLUTION AUTHORIZING CLOSURE OF LWRP GRANT CAPITAL PROJECT FUND #183 RESOLUTION NO.: , 2018 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, in accordance with Resolution No.: 117,2011, the Queensbury Town Board established the Capital Project Fund known as the "LWRP Grant Fund 4183," which Fund established funding from the Capital Reserve Fund 464 for expenses associated with grant funds received by the Town through the New York State Department of State Local Waterfront Revitalization Program, WHEREAS, Town Accountant has advised that all grant funds have been received and therefore the Project Fund may be closed, and WHEREAS, the Town's accounting records show that there is $10,000 remaining in Fund 4 18 3, and WHEREAS, the Town Board wishes to close such Fund 4183 and transfer its remaining balance to the Capital Reserve Fund 464, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Budget Officer to close the LWRP Grant Capital Project Fund 4183 and transfer its remaining $10,000 to the Capital Reserve Fund 464, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Budget Officer and/or Accountant to take such other and further action as may be necessary to effectuate all terms of this Resolution. Duly adopted this 7th day of May, 2018, by the following vote: AYES NOES ABSENT: RESOLUTION AUTHORIZING ACCEPTANCE OF LOCAL WATERFRONT REVITALIZATION PROGRAM GRANT FUNDS FROM NEW YORK STATE DEPARTMENT OF STATE, ESTABLISHING APPROPRIATIONS AND ESTIMATED REVENUES FOR SUCH FUNDS AND ESTABLISHING NEW CAPITAL PROJECT FUND #183 - LWRP PROGRAM GRANT RESOLUTION NO.: 117,2011 INTRODUCED BY: Mr.John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, by Resolution No.: 268,2009, the Queensbury Town Board authorized The Chazen Companies to submit a Local Waterfront Revitalization Program (LWRP) grant application to fund an evaluation of development and re-use opportunities for the Ciba Geigy site on Warren Street in the Town of Queensbury, and WHEREAS, such Grant Application was submitted and the Town has been awarded a maximum grant award in the amount of$55,000 from the New York State Department of State, such funds to be: 1) matched by the Town, and 2) used toward the study of target Brownfield areas within the Town and formulation of plans of action to redevelop such identified areas,and WHEREAS, the Town Board wishes to: 1) authorize acceptance of such grant funds; 2) establish a Capital Project Fund #183 — LWRP Program Grant; 3) establish appropriations from the Capital Reserve Fund and estimated revenues for the grant award; and 4) authorize a temporary loan from the Capital Reserve Fund, and WHEREAS, the Town Board is authorized to withdraw and expend funds from the Capital Reserve Fund subject to a thirty(30) day permissive referendum, and WHEREAS, the Town Board wishes to authorize repayment of the temporary loan to the Capital Reserve upon completion of the Project, NOW, THEREFORE,BE IT RESOLVED, that the Queensbury Town Board hereby accepts the $55,000 in grant funds to be received from the New York State Department of State and authorizes and directs the Town Supervisor to execute a Grant Agreement with the New York State Department of State, such Grant Agreement substantially in the form presented at this meeting and in form acceptable to the Town Supervisor and Town Counsel,and any other associated documentation, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the establishment of a Capital Project Fund to be known as the "LWRP Grant Fund #183," which Fund will establish funding from the Capital Reserve Fund #64 for expenses associated with the grant funds and establishes initial appropriations of one-hundred ten thousand dollars ($110,000) and estimated revenues for Capital Project Fund #183 in the amount of one-hundred ten thousand dollars ($110,000) to be funded from grant funds in the amount of fifty-five thousand Dollars ($55,000) received by the Town through the New York State Department of State Local Waterfront Revitalization Program, and fifty-five thousand Dollars ($55,000) from the Capital Reserve Fund#64, and BE IT FURTHER, RESOLVED, that all funds shall be used consistent with and for the purposes set forth in the Grant documents, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Budget Officer to make any necessary adjustments, budget amendments, transfers or prepare any documentation 2 necessary to establish such appropriations and estimated revenues and authorizes the Town Supervisor, Senior Planner and/or Budget Officer to take all other action necessary to effectuate the terms of this Resolution, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes repayment of the temporary loan to the Capital Reserve upon completion of the Project, and BE IT FURTHER, RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk to publish and post such notices and take such other actions as may be required by law. Duly adopted this 21st day of March, 2011,by the following vote: AYES : Mr. Strough,Mr. Brewer, Mr. Stec,Mr. Metivier NOES : None ABSENT : Mr. Montesi 3