470.2018 Authorizing Reimbursement of Funds - Carey Road Sewer Dist Capital Project Fund #221 RESOLUTION AUTHORIZING REIMBURSEMENT OF FUNDS FROM
CAREY ROAD SANITARY SEWER DISTRICT CAPITAL PROJECT
FUND #221 TO GENERAL FUND
RESOLUTION NO.: 470,2018
INTRODUCED BY: Mr.Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. George Ferone
WHEREAS, by Final Order authorized by Resolution 345,2017, the Queensbury Town
Board duly established the Carey Road Sanitary Sewer District (District) in accordance with New
York Town Law Article 12-A, and
WHEREAS, by Resolution No.: 361,2017, the Town Board authorized, among other
things, establishment of Carey Road Sanitary Sewer District Capital Project Fund 4221, and
WHEREAS, by Resolution No.: 53,2018, the Town Board authorized the issuance of up to
$1,919,949 in serial bonds to pay the cost of acquisition, construction and installation of the District
improvements and issuance of up to $1,919,949 in Bond Anticipation Notes of the Town for the same
purpose, and
WHEREAS, the Town Budget Officer has advised the Town Board that a reimbursement of
funds is needed in the amount of$121,297.92 from Fund 4221 to the General Fund to account for
expenses paid thus far to create the District, as well as a needed budget increase for future District
expenditures,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes the
reimbursement of$121,297.92 from Carey Road Sanitary Sewer District Capital Project Fund 4221
to the General Fund, and
BE IT FURTHER,
RESOLVED, that the Queensbury Town Board hereby approves, authorizes and directs that
the 2018 Budget be amended by:
• Increasing Appropriations in Account No.: 221-8120-2899 —Capital Construction in the
amount of$1,007,852;
• Increasing Revenue in Account No.: 001-0000-52801 in the amount of$121,297.92
and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Budget Officer to
reimburse funds as set forth above and amend the 2018 Town Budget accordingly and take such other
and further action necessary to effectuate the terms of this Resolution.
Duly adopted this 17ffi day of December, 2018,by the following vote:
AYES Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone, Mrs. Switzer
NOES None
ABSENT: None