161.2006
RESOLUTION AUTHORIZING INCREASE IN HOVEY POND PARK
IMPROVEMENT PROJECT #146 AND WITHDRAWAL FROM
CAPITAL RESERVE FUND #64
RESOLUTION NO.: 161, 2006
INTRODUCED BY: Mr. Richard Sanford
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
known as the Capital Improvement Plan (CIP) Fund No. 64 for future capital projects, and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of $75,888 for specific capital improvements and certain items of equipment for
the Hovey Pond Park Improvement Project to consist of:
1.improved/expanded sitting areas;
2.formulating and instituting a park landscaping plan;
3.walkway resurfacing and drainage repairs;
4.constructing additional parking areas; and
5.professional services for all of the above;
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 #64 subject to permissive referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project
known as the Hovey Pond Park Improvement Project and authorizes expenditures in the total amount
of $75,888 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.: 64 in the
amount of $75,888 to fund such Project, such funds to be placed into the Capital Project Fund No.:
146 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.’s: 146-7110-4403 in the amount of $12,000 – Professional Services; and 146-7110-2899 in
the amount of $63,888 – Capital Construction; and estimated revenues in Account No.: 146-
0146-5031 in the amount of $75,888, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the
Hovey Pond 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.
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Duly adopted this 20 day of March, 2006 by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford
NOES: None
ABSENT:None