Loading...
293.2018 Contract from Glen Bruening to Town RESOLUTION AUTHORIZING ASSIGNMENT OF REAL ESTATE CONTRACT FROM GLEN BRUENING TO TOWN OF QUEENSBURY RESOLUTION NO.: 293,2018 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. George Ferone WHEREAS, by Resolution No.: 178,2007, the Queensbury Town Board authorized establishment of a Capital Project Fund known as the Rush Pond Bicycle/Pedestrian Path Capital Project Fund 4166 which established funding for expenses associated with the Multi-Use Rush Pond Bicycle/Pedestrian Path, and WHEREAS, by Resolution No.: 278,2018, the Town Board authorized the Town Supervisor to execute a grant award letter from the Open Space Institute Land Trust, Inc. (OSI) and a Grant Agreement between the Town of Queensbury and OSI regarding the Town's purchase of 77.5 acres of unimproved land located in the Town owned by the Martha Frieberger Trust with rights appurtenant to the Rush Pond Park, and WHEREAS, in accordance with a Real Estate Contract dated September 5, 2017 (Contract) between Glen Bruening and the Martha Freiberger Trust, Mr. Bruening agreed to purchase from the Freiberger Trust, all of the Freiberger Trust's right, title and interest in and to certain real property located at 0 West Mountain Road in the Town of Queensbury and it may be assigned to the Town of Queensbury without any further consent of the Freiberger Trust; and WHEREAS, Mr. Bruening wishes to assign to the Town of Queensbury all of his rights and obligations to the property under the Contract, and WHEREAS, a proposed Assignment of Real Estate Contract From Glen Bruening to the Town of Queensbury is presented at this meeting and is in form acceptable to Town Counsel, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves of and authorizes the Assignment of Real Estate Contract From Glen Bruening to the Town of Queensbury regarding certain real property located at 0 West Mountain Road in the Town of Queensbury as delineated in the preambles of this Resolution in substantially the form presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute such Assignment and take all actions the Town Supervisor deems necessary or appropriate to complete the purchase of such real property, including signing all closing documents and real property forms, and to purchase title insurance insuring the Town's interest, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Budget Officer and/or Town Counsel to take such other and further actions as may be necessary to effectuate the terms of this Resolution. Duly adopted this 6ffi day of August, 2018 by the following vote: AYES: Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone, Mrs. Switzer NOES: None ABSENT: None