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531.2008 RESOLUTION RESTATING PURPOSE OF HIGHWAY GARAGE ROOF RESERVE FUND RESOLUTION NO.: 531, 2008 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Anthony Metivier WHEREAS, by Resolution No.: 732 of 1989, the Queensbury Town Board authorized a change of certain Capital Project Funds to Reserve Funds including Highway Garage Reserve Fund R27, and WHEREAS, by Resolution No.: 563,1990, the Town Board established a Capital Project Fund for improvements to the Highway and Garage Buildings, known as Highway Garage Roof Fund #H- 55, and WHEREAS, the Highway Garage roof repairs project was completed, and WHEREAS, there is approximately $123,000 remaining in the Highway Garage Roof Fund, and WHEREAS, such remaining funds are therefore not needed for Highway Garage roof repairs but are needed for other Highway Garage improvements, and WHEREAS, although the title of the Reserve would indicate that the monies in such Funds are to be used for Highway Department functions, in actuality, the Town’s Building and Grounds Department maintains the Highway Garage building and therefore, the Highway Reserve Funds should instead be General Reserve Funds which would then provide for the Town to make needed repairs at the Highway Garage, and WHEREAS, the Town Board therefore wishes to restate the purpose of the Highway Garage Reserve Funds such that the Town may expend monies from such Funds for other Highway Garage projects, and not just for the specific purpose of roof repairs, and therefore, should be transferred to the General Fund Reserves, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs that the approximately $123,000 contained in the Highway Garage Roof Fund may be used toward improvements at the Highway Garage and not just for specific roof repairs, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the transfer of such approximately $123,000 from the Capital Reserve Funds back to the General Fund, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or Town Budget Officer to take such other and further action as may be necessary to effectuate the terms of this Resolution, 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 17 day of November, 2008, by the following vote: AYES: Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough NOES: None ABSENT:None