534.2004
RESOLUTION AMENDING RESOLUTION NO.: 518,2004 REGARDING
RELEASE OF ESCROW FUNDS IN CONNECTION WITH FARR LANE IN
INDIAN RIDGE SUBDIVISION
RESOLUTION NO.: 534, 2004
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, by Resolution No.: 518,2004 the Queensbury Town Board authorized the return
of escrow funds to Tra-Tom Development, Inc., in connection with the dedication of the remaining
portion of Farr Lane in Phase III of the Indian Ridge Subdivision, which sum was the amount of
$20,000 plus any earned interest, and
WHEREAS, the Town’s Accounting Office has advised that there were still funds remaining in
escrow in connection with the dedication of a portion of Farr Lane in Phase II of the Indian Ridge
Subdivision in the amount of $17,840, and
WHEREAS, the Town’s Deputy Highway Superintendent has advised that the Developer has
completed to the Highway Superintendent’s satisfaction the top coat of the roads in both Phase II and
Phase III, and
WHEREAS, the Town Board wishes to amend Resolution No. 518,2004 to provide for the
return of escrow funds to Tra-Tom Development, Inc., in connection with the dedication of the
both Phase II and Phase III
portions of Farr Lane in of the Indian Ridge Subdivision, which total is
$37,840 plus any earned interest,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby amends Resolution No.: 518,2004 to
authorize the return of escrow funds to Tra-Tom Development, Inc., in connection with the dedication
of the portions of Farr Lane in both Phase II and Phase III of the Indian Ridge Subdivsion, in the sum
of $37,840 plus any earned interest, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby affirms and ratifies Resolution No.: 518,2004 in all
other respects.
st
Duly adopted this 1 day of November, 2004, by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT: None