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338.2008 RESOLUTION AUTHORIZING INCREASE IN WEST END PARK IMPROVEMENT PROJECT #169 AND WITHDRAWAL FROM RECREATION RESERVE FUND #61 RESOLUTION NO.: 338 2008 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund known as the Recreation Reserve Fund No. 61 for future capital projects, and WHEREAS, by Resolution No.: 113,2008, the Queensbury Town Board authorized the recreation capital project known as the West End Park Improvement Project (Fund #169) and expenditures for such work, and WHEREAS, the competitive bidding process showed there was insufficient funds to complete the necessary work, and WHEREAS, the Town of Queensbury’s Recreation Commission and Director of Parks and Recreation recommend using available funds within the Recreation Reserve Fund (#61), and WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve account in the amount of $58,000 for specific capital improvements for the West End Park Improvement Project to consist of: 1.demolition and removal of the old basketball court; 2.installation of a new playground area; 3.installation of a new basketball court; 4.site work to create an informal ball field with backstop; 5.landscaping and improvement of the entryway and creation of parking area; and 6.professional services for all of the above; and 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 #61 subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project known as the West End Park Improvement Project and authorizes expenditures in the total amount of $58,000 for the work described in the preambles of this Resolution, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the amount of $58,000 to fund such Project, such funds to be placed into the Capital Project Fund No.: 169 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 improvement fund, and BE IT FURTHER, RESOLVED, that the Town Board hereby increases appropriations in Expense Account No.: 169-7110-2899 in the amount of $58,000 – Capital Construction; and estimated revenues in Account No.: 169-0000-55031 in the amount of $58,000, and BE IT FURTHER, 2 RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the West End Park Improvement 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 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 7 day of July, 2008 by the following vote: AYES : Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough NOES : None ABSENT : None 3