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471.2007 RESOLUTION AUTHORIZING CLOSURE OF ROUTE 9 AND GLEN LAKE ROAD TRAFFIC IMPROVEMENTS CAPITAL PROJECT FUND NO: 159 RESOLUTION NO.: 471, 2007 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, in accordance with Resolution No.: 310,2006, the Queensbury Town Board established the Route 9 and Glen Lake Road Traffic Improvements Capital Project Fund #159 in accordance with an Intermunicipal Agreement between the Town and Warren County in connection with roadway infrastructure improvements mandated by the New York State Department of Transportation at the Route 9 Corridor/Glen Lake Road intersection including the installation of a traffic light with the understanding that the Town would pay up to $65,000 and Warren County would pay up to $235,000, and WHEREAS, by Resolution No.: 838 of 2006, the Warren County Board of Supervisors authorized the Warren County Treasurer to close the Glen Lake Road and Route 9 Road Construction Project and return $9,308.81 to the Town as the project is complete, and WHEREAS, the Town Board wishes to therefore close Capital Project Fund #159 and transfer the Fund’s remaining fund balance of $9,308.81 to Capital Reserve Fund No. 64, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Fiscal Manager to close the Route 9 and Glen Lake Road Traffic Improvements Capital Project Fund #159 and transfer the Fund’s remaining balance to Capital Reserve Fund No. 64, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Fiscal Manager to take such other and further action as may be necessary to effectuate all 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