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106.2005 RESOLUTION AUTHORIZING PURCHASE OF PROPERTY OWNED BY TUPPER CLARK LIMBERT, ROBERT C. LIMBERT AND STEVEN T. LIMBERT FOR TOWN PURPOSES RESOLUTION NO.: 106, 2005 INTRODUCED BY: Mr. John Strough WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, the Queensbury Town Board previously established a Capital Improvement Plan Reserve Fund #64 (Fund #64) for future Town project developments, and WHEREAS, by Resolution No.: 124, 2004 the Queensbury Town Board authorized establishment of Capital Project Fund #144 to fund expenses associated with the acquisition of property and associated professional services including engineering survey and preliminary, site analysis, work, and WHEREAS, a parcel of land totaling 49.09± acres (Property) located along the north side of Haviland Road in the Town of Queensbury, Tax Map Parcel No.: 289.16-1-2 is currently for sale, and WHEREAS, the Town Board has determined that the Property is necessary for possible future Town of Queensbury campus expansion, and WHEREAS, the Town Board wishes to purchase the Property for $230,000 plus any costs associated with title insurance and recording the deed, 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 #144 subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby approves and authorizes the purchase of the property known as Tax Map Parcel No.: 289.16-1-2 consisting of 49.09± acres located along the north side of Haviland Road in the Town of Queensbury from Tupper Clark Limbert, Robert C. Limbert and Steven T. Limbert for $230,000, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documents necessary to complete these transactions, including, without limitation, a real estate contract in form acceptable to Town Counsel, any Real Property Transfer Reports and Capital Gains Affidavits and 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 7 day of February, 2005, by the following vote: AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor NOES : None ABSENT: None