595.2004
RESOLUTION AUTHORIZING BAY RIDGE VOLUNTEER FIRE
COMPANY, INC. TO APPLY UNUSED 2004 FUNDS TOWARD
MORTGAGE PRINCIPAL
RESOLUTION NO.: 595, 2004
INTRODUCED BY: Mr. Roger Boor
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Town of Queensbury and the Bay Ridge Volunteer Fire Company, Inc. (Fire
Company) have entered into an Agreement for fire protection services, which Agreement sets forth a
number of terms and conditions including a condition that the Fire Company will not transfer any
leftover funds from one budget line to any other budget line if those funds are to be used to reduce
debt, without prior approval of the Queensbury Town Board, and
WHEREAS, the Town Budget Officer has advised that in budgeting for debt service, a
calculation of 13 months rather than 12 was used in calculating the Fire Company’s debt service for the
2004 budget, resulting in an extra $8,992 in the Fire Company’s 2004 budget, and
WHEREAS, the Fire Company has requested authorization from the Town Board to apply
such $8,992 in unused funds toward the principal of the Fire Company’s mortgage, and
WHEREAS, the Town Board wishes to provide such authorization in order to reduce the Fire
Company’s debt,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Bay Ridge Volunteer
Fire Company, Inc.’s applying $8,992 in unused 2004 funds toward the principal of the Fire
Company’s mortgage, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or
Budget Officer to take any and all action necessary to effectuate the terms of this Resolution.
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Duly adopted this 20 day of December, 2004, by the following vote:
AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner, Mr. Strough
NOES : None
ABSENT: None