240.2005
RESOLUTION AUTHORIZING ASSIGNMENT OF ESCROW AGREEMENT
CONCERNING DEDICATION OF WESTBERRY WAY AND WOODSHIRE
COURT IN PINE RIDGE ESTATES SUBDIVISION
RESOLUTION NO. 240, 2005
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, by Resolution No.: 546, 2004, the Queensbury Town Board accepted from
Burnt Hills, LLC, the dedication of Westberry Way and Woodshire Court Roads in the Pine Ridge
Estates Subdivision and at the time of dedication, Burnt Hills, LLC provided the Town with $8,750
to ensure completion of the Roads, such sum to be held in escrow pursuant to the terms of an Escrow
Agreement, and
WHEREAS, Tra-Tom Development, Inc., has purchased the Pine Ridge Estates Subdivision
from Burnt Hills, LLC and reimbursed Burnt Hill, LLC for the $8,750 escrow deposit, and
accordingly, Burnt Hills, LLC wishes to assign its rights and obligations under the Escrow Agreement
to Tra-Tom Development, Inc., and
WHEREAS, the Town Board wishes to authorize such assignment,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes the
assignment of the Escrow Agreement between Burnt Hills, LLC and the Town of Queensbury referred
to in the preambles of this Resolution to Tra-Tom Development, Inc., and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Supervisor to execute an
Escrow Agreement between the Town and Tra-Tom Development, Inc., and take such other and
further actions necessary to effectuate the terms of this Resolution.
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Duly adopted this 16 day of May, 2005, by the following vote:
AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
ABSENT: None
NOES : None