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3.01 3.1 2018 ORGANIZATIONAEAdirondack Balloon Festival—7-2-18 RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND ADIRONDACK BALLOON FESTIVAL RESOLUTION NO.: ,2018 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, the Town of Queensbury has received a request for funding from the Adirondack Balloon Festival to assist in funding its Adirondack Hot Air Balloon Festival to be held in the Town of Queensbury in September, 2018, and WHEREAS, such event is expected to draw thousands of people to the Town of Queensbury and its surrounding area's hotels and motels, restaurants, stores and other businesses, thereby benefiting the general economy of the Town and all of Warren County, and WHEREAS, by prior Resolution the Town Board provided for the Town's receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement (Agreement) entered into between the Town and Warren County, and WHEREAS, the Agreement provides that specific expenditure of the funds provided under the Agreement are subject to further Resolution of the Queensbury Town Board, and WHEREAS, the Town Board wishes to provide funding to the Adirondack Balloon Festival in the amount of$15,000 with occupancy tax revenues received from Warren County, and WHEREAS, a proposed Agreement between the Town and the Adirondack Balloon Festival has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes funding to the Adirondack Balloon Festival to assist in funding its Adirondack Hot Air Balloon Festival to be held in the Town of Queensbury in September, 2018 and the Agreement between the Town and the Adirondack Balloon Festival substantially in the form presented at this meeting, and authorizes and directs the Town Supervisor to execute the Agreement, with such funding not exceeding the sum of $15,000 and to be provided by occupancy tax revenues the Town receives from Warren County, to be paid for from Account No.: 050-6410-4412, and BE IT FURTHER, RESOLVED that the Town Board authorizes and directs the Town Budget Officer to take all actions necessary to amend the Town Budget and increase appropriations and revenues as necessary as follows: • Revenue Acct No. —050-0000-51113 Occupancy Tax Revenue $15,000, • Expense Acct.No. —050-6410-4412 Use of Occupancy Tax $15,000, and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon the Town Budget Officer confirming that the Town has unallocated occupancy tax funds available from Warren County. Duly adopted this 2nd day of July, 2018,by the following vote: AYES NOES ABSENT: