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246.2008 RESOLUTION ESTABLISHING NEW CAPITAL PROJECT FUND #170 – WATER TRANSMISSION SYSTEM IMPROVEMENTS IN NORTHUP DRIVE AREA WITHIN THE QUEENSBURY CONSOLIDATED WATER DISTRICT RESOLUTION NO.: 246, 2008 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Anthony Metivier WHEREAS, the Queensbury Town Board wishes to establish a Capital Project Fund to fund the design, contract administration, construction and easement preparation services in connection with the replacement of water mains on Northup Drive, Bullard Avenue, Linden Avenue and a section of Park Place (Northup Drive Area Water Replacement Project), and WHEREAS, by prior Resolution, the Town Board authorized the improvement to the Consolidated Water District’s water transmission facilities by authorizing such replacement of water mains in accordance with New York State Town Law §202-b, and WHEREAS, the total Project cost is estimated to be $441,215.00 and the Town Board wishes to appropriately establish a Capital Project Fund, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the establishment of a Capital Project Fund to be known as the Northup Drive Area Water Main Replacement Project Fund #170, which Fund will establish funding for expenses associated with the design, contract administration, construction and easement preparation services in connection with the replacement of water mains on Northup Drive, Bullard Avenue, Linden Avenue and a section of Park Place (Northup Drive Area Water Replacement Project), and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for this Project shall be by a transfer of $441,215.00from Water Capital Reserve #065, and BE IT FURTHER, RESOLVED, that the Town Board hereby establishes initial appropriations and estimated revenues for Capital Project Fund #170 in the amount of $441,215.00,and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to take all action necessary to establish the following accounts for such appropriations and revenues as necessary: ? Revenue Account No. 170-0000-55031 – Interfund Transfers -$441,215.00 ? Expense Account No. 170-8340-2899 - Capital Construction -$406,000.00 ? Expense Account No. 170-8340-4403 – Engineer/Surveyor - $ 35,215.00 and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the 2008 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, 2 RESOLVED, that this Resolution authorizing the transfer of funds from the Water District Capital Reserve Fund No.: 065 shall be subject to a permissive referendum in the manner provided in New York State Town Law Article 7, and BE IT FURTHER, RESOLVED, that 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 5 day of May, 2008 by the following vote: AYES : Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier NOES : None ABSENT: None 3