418.2008
RESOLUTION AUTHORIZING TEMPORARY LOAN FROM GENERAL
FUND #001 TO EXIT 18 CORRIDOR REALIGNMENT
CAPITAL PROJECT FUND #126
RESOLUTION NO.: 418, 2008
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, in accordance with New York State General Municipal Law §9-A, the
Queensbury Town Board is authorized to temporarily advance moneys held in any fund to any other
fund, and
WHEREAS, the Town Budget Officer has requested that the Town Board authorize a
temporary loan from General Fund #001 to Exit 18 Corridor Realignment Project Capital Project Fund
#126, Account No.: 126-5020-2899 in order to pay for legal and financial consulting work relating to
the Exit 18 Corridor/Main Street Realignment Project,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the Town Budget Officer to
temporarily advance $10,000 from General Fund #001 to Exit 18 Corridor Realignment Project
Capital Project Fund #126, Account No.: 126-5020-2899, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to
amend the 2008 General Fund #001 and Exit 18 Corridor Realignment Project Capital Project Fund
#126 as needed in order to effectuate the terms of this Resolution, and
BE IT FURTHER,
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RESOLVED, that the Town Budget Officer shall keep suitable records and arrange for the
repayment of the temporary loan as soon as available and take such other and further action necessary
to effectuate the terms of this Resolution.
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Duly adopted this 8 day of September, 2008, by the following vote:
AYES: Mr. Strough, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES: None
ABSENT: Mr. Brewer
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