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316.2007 RESOLUTION SCHEDULING PUBLIC HEARING REGARDING TRANSFER OF REAL PROPERTY TO QUEENSBURY ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO.: 316, 2007 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. Daniel Stec WHEREAS, the Town of Queensbury and the Queensbury Economic Development Corporation (QEDC) have discussed the proposed transfer of a portion of the Town’s property located on Luzerne Road in the Town of Queensbury and known as tax map parcel number 309.10-1-83.1 and comprising approximately 1.43 acres to QEDC to be used for economic development purposes in exchange for: 1. A non-exclusive stormwater easement, covenant and restriction in a form acceptable to the Town Supervisor and Town Counsel over the property currently owned by QEDC and known as tax map parcel number 309.10-1-84.1, which will provide stormwater drainage facilities that will: A. be built and maintained by the Town, at its expense; and B. be sufficient to meet all the stormwater drainage requirements for the Town’s Park and Ride Facilities to be constructed on the Town’s retained property; and 2. A non-exclusive 5’ green space easement located on the transferred property along the edge of the retained property where the Town shall have the right to install such lights as it may deem appropriate for the Park and Ride facility, and WHEREAS, in accordance with §1411 of the Not-for-Profit Corporation Law, a public hearing must be held prior to the transfer, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall meet and hold a public hearing on th Monday, July 16, 2007 at 7:00 p.m. at the Queensbury Activities Center, 742 Bay Road, Queensbury, New York to discuss and hear all interested persons regarding the above referenced proposed transfer of real property, and BE IT FURTHER, RESOLVED that the Town Board authorizes and directs the Town Clerk to post and publish a Notice of Public Hearing in The Post Star in a form acceptable to the Town Counsel with such Notice to be published once at least 10 days prior to the Public Hearing, and BE IT FURTHER, RESOLVED that this Resolution shall take effect immediately. nd Duly adopted this 2 day of July, 2007, by the following vote: AYES : Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None