051.92
RESOLUTION AUTHORIZING STATE WATER POLLUTION CONTROL REVOLVING FUND
TO APPLY BALANCE TO OFFSET DEBT SERVICE
RESOLUTION NO. 51, 1992
INTRODUCED BY: Mr. Pliney Tucker WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Nick Caimano
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the State Water Pollution Control Revolving Fund to
apply the Four Thousand Six Hundred and Ninety Dollar ($4,690.00)
balance due the Town of Queensbury to offset the debt service
payment due in March of 1992 provided however if possible the Town
Board would like the Four Thousand Six Hundred and Ninety Dollar
($4,690.00) applied strictly to principal and not to any interest
that may be due so in essence to reduce the total amount that is
due in principal, however if it is not possible the Town Board does
simply desire that the Four Thousand Six Hundred and Ninety Dollar
($4,690.00) be used to off set the payment with the understanding
then that the payment that is normally scheduled to be made in
March will be the sum that is stated less Four Thousand Six Hundred
and Ninety Dollar ($4,690.00).
Duly adopted this 15th day of January, 1992 by the following vote:
AYES: Mr. Tucker, Mrs. Monahan, Mrs. Goetz, Mr. Ciamano, Mr.
Brandt
NOES: None
ABSENT:None