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4.02 4.2 FINANCIAL\\2020\\Establish Capital Project 230 – EMS Study – CGR – Interfund Transfer - 7-15 RESOLUTION AUTHORIZING ESTABLISHMENT OF QUAKER ROAD SEWER MAIN REPLACEMENT CAPITAL PROJECT FUND #231 RESOLUTION NO.: ____________________________________________, 2020 INTRODUCED BY: ____________________________________________ WHO MOVED ITS ADOPTION SECONDED BY: ____________________________________________ WHEREAS, the Queensbury Town Board duly established the Town of Queensbury Consolidated Sanitary Sewer District and the Route 9 Sanitary Sewer District (the "Districts") in accordance with New York Town Law, and WHEREAS, as a result of a break that occurred on the Districts’ sewer force main in the vicinity of 313 Quaker Road in early February 2020, which required notification of authorities through the New York State Alerts System, the Town Supervisor declared an emergency and the Town’s Wastewater Director arranged for short-term, temporary repairs on an emergency basis for public health and safety reasons, and WHEREAS, under Town Law Section 202-a the Town Board is required to maintain the sewer system and accordingly, additional replacement of the force main in this area must be permanently repaired immediately to avoid a breach of the temporary repairs, and WHEREAS, such replacement project (Project) shall benefit both such Districts and the cost of this project shall be apportioned between both Districts, and WHEREAS, by Resolution No.: 175,2020, the Town Board authorized such Project and the plan for the financing of the Project for a maximum estimated $533,000 in serial bonds or bond anticipation notes of the Town on behalf of the Districts, and WHEREAS, the Town Board wishes to accordingly establish the Quaker Road Sewer Main Replacement Capital Project No. 231 and establish and fund the Revenue and Expense Accounts for the Capital Project in the amount of $533,000, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes establishment of the Quaker Road Sewer Main Replacement Capital Project No. 231 in the amount of $533,000 which will establish funding for expenses associated with the Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the establishment of appropriations and estimated revenues as follows:  231-0000-0626 Bond Anticipation Note Payable - $533,000  231-8120-2899 Capital Construction - $533,000 and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the Town Budget Officer to temporarily transfer $533,000 from Queensbury Consolidated Sewer Fund #032 to Capital Project Fund #231 until such time as serial bond or bond anticipation note proceeds have been received, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to arrange for the repayment of the temporary loan as soon as available, amend the Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues, and 2 BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any necessary documentation and the Town Supervisor, Wastewater Director and/or Town Budget Officer to take any and all actions necessary to effectuate the terms of this Resolution. th Duly adopted this 18 day of May, 2020, by the following vote: AYES : NOES : ABSENT: 3