102.2004
RESOLUTION AUTHORIZING HOVEY POND PARK IMPROVEMENT
PROJECT AND WITHDRAWAL FROM CAPITAL RESERVE FUND
RESOLUTION NO.: 102, 2004
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
known as the Recreation Assessment Reserve Fund No. 61 (Fund No. 61) for future recreational
developments, and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of $65,600 for specific capital improvements and certain items of equipment for
the Hovey Pond Park Improvement Project to consist of:
1.developing a park Master Plan;
2.formulating and instituting a park landscaping plan;
3.installing park lighting and a water fountain;
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 #61 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 $65,600 for the work described in the preambles of this Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Supervisor to
establish a separate capital project fund for such Project – Hovey Pond Park Capital Project Fund
#146, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the
amount of $65,600 to fund such Project, such funds to be placed into the capital project fund to be
established in accordance with this Resolution 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
reserve fund, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby establishes initial appropriations in Expense
Account No.’s: 146-7110-4403 in the amount of $10,400 – Professional Services; and 146-7110-
2899 in the amount of $55,200 – Capital Construction; and estimated revenues in Account No.:
146-0146-5031 in the amount of $65,600, 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.
nd
Duly adopted this 2 day of February, 2004 by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT : None