210.2004
RESOLUTION AUTHORIZING WITHDRAWAL FROM CAPITAL
IMPROVEMENT PLAN RESERVE FUND #64 FOR SUPPLEMENTAL
RIDGE/JENKINSVILLE PARK PROJECT
RESOLUTION NO.: 210, 2004
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
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. 416, 2003 the Queensbury Town Board authorized
establishment of Capital Project Fund #138 to fund expenses associated with parking lot
improvements, design and expansion of softball fields and replacement of fencing at the
Ridge/Jenkinsville Park and the Town Board authorized funding for such Capital Project Fund #138 in
the amount of $95,670, and
WHEREAS, based on the Town Recreation Commission’s input, the Town Board wishes to
supplement Capital Project Fund #138 as more specifically set forth in a Memo from the Parks and
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Recreation Director to the Town’s Budget Officer dated April 6, 2004 and presented at this meeting,
and
WHEREAS, the additional project costs for the supplemental park project is estimated to be in
the amount of $413,266 and was approved as part of the Town’s Capital Improvement Plan (Project
#37), and
WHEREAS, the total for the Ridge/Jenkinsville Park Project Account Fund #138 after the CIP
fund allocation and Resolution No. 416,2003 will be $508,936, and
WHEREAS, the Town Board wishes to authorize the withdrawal and expenditure of moneys
from Fund #64 in the amount of $413,266 for the supplemental park project, and
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WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town
Board is authorized to withdraw and expend funds from Fund #64 subject to permissive referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby finds that the withdrawal and
expenditure for the supplemental Ridge/Jenkinsville Park 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 the Town Board hereby authorizes the supplemental Ridge/Jenkinsville Park
Project and authorizes additional expenditures in the amount of $413,266 for the work described in the
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preambles of this Resolution and in the Parks and Recreation Director’s Memo of April 6, 2004
presented at this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Capital Improvement
Plan Reserve Fund #64 in the amount of $413,266 to fund such supplemental Project, such funds to be
placed into the Ridge/Jenkinsville Park Capital Project Fund #138, 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 further authorizes and directs the Town Budget
Officer to take all action necessary to establish additional appropriations and revenues as
necessary and as follows: Revenue Account No. 138-0138-5031 – IF Revenue - $413,266;
Expense Account No.’s: 138-7110-4403 - $24,500 – Engineer/Surveyor and 138-7110-2899 -
$388,766 – Capital Construction, 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.
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Duly adopted this 19 day of April, 2004 by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT : None