124.2004
RESOLUTION AUTHORIZING QUEENSBURY COMMUNITY CENTER
PROJECT AND WITHDRAWAL FROM CAPITAL RESERVE FUND
RESOLUTION NO.: 124, 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, by Resolution No.: 527,2003 authorized the creation of a
Queensbury Community Center Project Account Fund #144 and transferred $51,000 from Fund #61 to
engage the professional services of GDF Management Associates, Inc., and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of $116,000 for a portion of Phase I capital expenses for the Queensbury
Community Center (QCC) Project to consist of:
1.developing a QCC Master Plan;
2.purchasing of necessary, adequate property for the Project;
3.formulating a Project capital budget and preliminary schematic design drawings;
4.developing bidding design documents; 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,
and
WHEREAS, the balance anticipated for Phase I of the QCC Project in the amount of $257,000
was approved as part of the Town’s Capital Improvement Plan (Project #58), and
WHEREAS, the total for the QCC Project Account Fund #144 after the transfer from Fund
#61, the CIP fund allocation and the adjustment from previous Resolution No.: 527,2003 will be
$424,000,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project
known as the Queensbury Community Center (QCC) Project and authorizes expenditures in the total
amount of $116,000 for the work described in the preambles of this Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the
amount of $116,000 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 authorizes a transfer from Fund No.: 64 in the
amount of $257,000 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: 144-7110-4403 in the amount of $116,000 – Professional Services; 144-1940-
2799 in the amount of $150,000 – Purchase of Land; 144-7110-2899 in the amount of $107,000 -
Capital Construction; and estimated revenues in Account No.: 144-0144-5031 in the amount of
$373,000, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the
QCC Project is an expenditure for a specific capital project 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.
rd
Duly adopted this 23 day of February, 2004 by the following vote:
AYES: Mr. Boor, Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec
NOES: None
ABSENT:None