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099.2007 RESOLUTION AUTHORIZING WITHDRAWAL FROM CAPITAL IMPROVEMENT PLAN RESERVE FUND #64 AND INCREASE IN CAPITAL PROJECT FUND #138 FOR IMPROVEMENTS AT RIDGE/JENKINSVILLE PARK RESOLUTION NO.: 99, 2007 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, the Queensbury Town Board previously established a Capital Improvement Plan Reserve Fund #64 (Fund #64) for future Town project developments, and WHEREAS, by Resolution No.: 416,2003 the Town Board authorized establishment of Capital Project Fund #138 to fund expenses associated with parking lot improvements, design and expansion of softball fields and replacement of fencing at the Ridge/Jenkinsville Park and the Town Board authorized funding for such Capital Project Fund #138 in the amount of $95,670 and such funds were transferred into such Fund #138 from Hudson River Park Capital Project Fund #107, and WHEREAS, by Resolution No.: 210,2004 the Queensbury Town Board authorized a supplemental Ridge/Jenkinsville Park Project and additional expenditures in the amount of $413,266 and funds were transferred from Capital Improvement Plan Reserve Fund #64 to Fund #138 to fund such supplemental Project, and WHEREAS, the Town’s Director of Parks and Recreation and the Town’s Recreation Commission have presented to the Town Board proposed improvements to the Ridge/Jenkinsville Park as follows: 1.creation of three (3) multi-use (soccer, lacrosse, field hockey, etc.,) irrigated, athletic fields; 2.construction of a field house containing bathrooms, irrigation equipment/controls and storage space for maintenance equipment and ancillary field gear (goal netting, flags, signage, etc.,); 3.construction of a paved access road and paved parking; 4.construction of walkways, fencing and landscaping; and 5.professional services for all of the above; and WHEREAS, based on the Director of Parks and Recreation and Recreation Commission’s input, the Town Board wishes to supplement Capital Project Fund #138 as more specifically set forth in a Project Outline from the Director of Parks and Recreation previously submitted to the Town Board, and WHEREAS, the additional project costs for the supplemental Park Project is estimated to be in the amount of $976,000, and WHEREAS, the total for the Ridge/Jenkinsville Park Project Account Fund #138 after the CIP fund allocation and Resolution No.’s 416,2003 and 210,2004 will be $1,484,936.00, and WHEREAS, the Town Board wishes to authorize the withdrawal and expenditure of moneys from Fund #64 in the amount of $976,000 for the supplemental Park Project, bids subject to Town Board Approval, and § WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town Board is authorized to withdraw and expend funds from Fund #64 subject to permissive referendum, and WHEREAS, in accordance with the CIP, the Town Board must conduct a public hearing before approving any specific Capital Project or increase in any specific Capital Project listed on the th CIP and the Town Board scheduled and duly held a public hearing on Monday, February 26, 2007 and heard all interested persons, 2 NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby finds that the withdrawal and expenditure for the supplemental Ridge/Jenkinsville Park Project is an expenditure for a specific capital project and items of equipment for which the reserve account was established, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the supplemental Ridge/Jenkinsville Park Project and authorizes additional expenditures in the amount of $976,000 for the work described in the preambles of this Resolution, bids subject to Town Board Approval, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs a transfer from Capital Improvement Plan Reserve Fund #64 in the amount of $976,000 to fund such supplemental Project, such funds to be placed into the Ridge/Jenkinsville Park Capital Project Fund #138 and the Town Board further directs that in the event there are funds remaining in such Capital Project Fund after completion of the Project or in the event that the Project is not undertaken, the moneys in the Capital Project Fund shall be returned to the Capital Reserve Fund, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Fiscal Manager to take all action necessary to establish additional appropriations and estimated revenues as necessary for Capital Project Fund #138 in the additional amount of $976,000, and BE IT FURTHER, 3 RESOLVED, that the Queensbury Town Board further authorizes and directs the Town Fiscal Manager and/or Accountant to take all action necessary to increase the following accounts for such appropriations and revenues as necessary: Revenue Account No.: 138-0000-55031 (Interfund Revenue) – $976,000 ? Expense Account No.: 138-7110-4403 (Engineer/Surveyor) – $ 36,000 ? Expense Account No.: 138-7110-2899 (Capital Construction) - $940,000 ? and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Fiscal Manager and/or Accountant to amend the 2007 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues and effectuate all terms of this Resolution, and BE IT FURTHER, RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk to publish and post such notices and take such other actions as may be required by law. th Duly adopted this 26 day of February, 2007, by the following vote: AYES : Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer NOES : None ABSENT : None 4