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582.2005 RESOLUTION AUTHORIZING ESTABLISHMENT OF INCREASE IN ROUTES 9 AND 254 TRAFFIC IMPROVEMENTS CAPITAL PROJECT FUND #137 RESOLUTION NO.: 582, 2005 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Roger Boor WHEREAS, the Queensbury Town Board adopted the Town of Queensbury’s (revised) Capital Improvement Plan (CIP), which CIP included the Town’s proposed prioritized short and long-term Capital Projects, and WHEREAS, by Resolution No.: 69,2003, the Town Board authorized creation of the Routes 9 and 254 Traffic Improvements Capital Project Fund #137 and transferred into such Fund $100,000 by interfund loan until the Town received Federal and Non-Federal Funds in the amount of $100,000, and WHEREAS, by Resolution No.: 446,2004, the Town Board authorized an additional sum of $124,000 from Fund #64 to cover the additional cost of participation in the preliminary engineering phase of the Project, and WHEREAS, the Executive Director of Community Development has requested $34,000 in additional funds to pay for engineering services provided to the Town by Stantec Consulting st Group, Inc., as outlined in her Memorandum to the Town Board dated November 21, 2005 and presented at this meeting, and WHEREAS, such additional costs shall not exceed the amount of $34,000 and are requested to be a part of the Routes 9 and 254 Traffic Improvements Capital Project and financed through the Capital Reserve Fund, and WHEREAS, the total for the Routes 9 and 254 Traffic Improvements Capital Project Fund #137 after the additional transfers from the CIP fund will be $258,000, and WHEREAS, in accordance with the CIP, the Town Board must conduct a public hearing before approving any specific Capital Project listed on the CIP and the Town Board scheduled and th duly held a public hearing on December 19, 2005 and heard all interested persons, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the $34,000 increase in the Routes 9 and 254 Traffic Improvements Capital Project Fund #137, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for this Project shall be by funding through the Capital Improvement Plan, and BE IT FURTHER, RESOLVED, that the Town Board hereby increases appropriations and estimated revenues for Capital Project Fund #137 in the amount of $34,000, and BE IT FURTHER, RESOLVED, that the Queensbury Town Board further authorizes and directs the Town Budget Officer to take all action necessary to increase the following accounts for such appropriations and revenues as necessary: ? Revenue Account No. 137-0137-5031 – $34,000 ? Expense Account No. 137-8020-4403 – $34,000; and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Budget Officer to amend the 2005 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues and effectuate all terms of this Resolution. th Duly adopted this 19 day of December, 2005, by the following vote: AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor NOES : None ABSENT : None