474.2006
RESOLUTION AUTHORIZING ESTABLISHMENT OF CONNECTOR
ROAD CAPITAL PROJECT FUND #161
RESOLUTION NO.: 474, 2006
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Town Board received a request from the Town’s Budget Officer to
establish the Connector Road Capital Project Fund #161, and
WHEREAS, such proposed Project shall not exceed the amount of $304,000 and is
requested to be a part of the Capital Improvement Plan and financed through the Capital Reserve
Fund, and
WHEREAS, in accordance with the Town’s revised Capital Improvement Plan Policy
(CIP), the Town Board must conduct a public hearing before approving any specific Capital
Project listed on the CIP, and
WHEREAS, the Town Board scheduled and duly held a public hearing on Monday,
th
October 16, 2006 concerning establishment of the Connector Road Capital Project Fund #161,
and
§
WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town
Board is authorized to withdraw and expend certain funds subject to permissive referendum,
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 Connector Road Capital Project Fund
#161 which Fund will establish funding for expenses associated with this Project, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs that funding for such
Capital Project shall be by a transfer from the Town of Queensbury Capital Reserve Fund #64 in
the amount of $304,000 to transfer to Connector Road Capital Project Fund #161, and
BE IT FURTHER,
RESOLVED that the Queensbury 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 Acct No. – 161-0000-55031 (Interfund Revenue) $304,000; and
?
Expense Acct No. – 161-1940-2799 (Purchase of Land - Capital Acquisition)
$304,000; and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget
Officer to amend the 2006 Town Budget, make any adjustments, budget amendments, transfers
or prepare any documentation necessary to establish such appropriations and estimated revenues,
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor
and/or Town Budget Officer to sign any necessary Agreements or documentation and take any and
all action necessary to effectuate all terms of this Resolution, and
2
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 16 day of October, 2006, by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford
NOES : None
ABSENT : None
3