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481.2007 RESOLUTION AUTHORIZING PURCHASE OF PROPERTY LOCATED ALONG BROOKFIELD RUN OWNED BY WARREN COUNTY RESOLUTION NO.: 481, 2007 INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, by Resolution the Warren County Board of Supervisors authorized that any Town, Village or City within Warren County can purchase property obtained in a foreclosure proceeding by the County for either one-third (1/3) the market value or the amount of outstanding taxes on the parcel, whichever is higher, and WHEREAS, the Queensbury Town Board wishes to purchase such a parcel of land owned by Warren County totaling .36 acres located along Brookfield Run in the Town of Queensbury, Tax Map Parcel No.: 290.-1-72, as the Town Board has determined that such property is necessary for the purpose of extending and completing roads, infrastructure, drainage or other improvements, or for any other lawful purpose as the Town Board may designate,and WHEREAS, the Town Board may purchase the Property for $257.97, the current amount of outstanding taxes on the parcel, NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby approves and authorizes the purchase of a parcel of land owned by Warren County totaling .36 acres located along Brookfield Run in the Town of Queensbury, Tax Map Parcel No.: 290.-1-72 for an amount not to exceed $257.97, and BE IT FURTHER, RESOLVED, that in order to facilitate the purchase of such parcel, the Town Board authorizes the Town Fiscal Manager to amend the 2007 budget as follows: ? Increase Appropriation 001-1940-2799 - Purchase of Land - $500.00 ? Decrease Appropriation 001-1990-4400 - Contingency - $500.00 and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documents necessary to complete this transaction in form acceptable to Town Counsel, including, without limitation, any needed real estate contract, Real Property Transfer Reports and Capital Gains Affidavits and the Town Supervisor, Town Counsel and/or Town Fiscal Manager to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 5 day of November, 2007, by the following vote: AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford NOES : None ABSENT: None