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606.2004 RESOLUTION AUTHORIZING SUPPLEMENTAL AGREEMENT CONCERNING IMPLEMENTATION AND FUNDING IN THE FIRST INSTANCE 100% OF FEDERAL AID-ELIGIBLE COSTS OF A TRANSPORTATION FEDERAL-AID PROJECT - MAIN STREET GATEWAY PLAZA IMPROVEMENTS CAPITAL PROJECT – PIN 1756.27 TO FULLY FUND LOCAL SHARE OF FEDERAL-AID ELIGIBLE AND INELIGIBLE PROJECT COSTS AND APPROPRIATING FUNDS RESOLUTION NO.: 606, 2004 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, by previous Resolution, the Queensbury Town Board authorized establishment of the Main Street Gateway Plaza Improvements Capital Project (Project), and WHEREAS, by Resolution No.: 410, 2002, the Town Board authorized implementation and funding of federal aid-eligible costs concerning the Project, (incorrectly referred to as PIN PIN 1756.27 1756.14 in prior documents), correctly referred to in this Resolution as , and WHEREAS, this Project, PIN 1756.27, is eligible for funding under Title 23 U.S. Code, as amended, that calls for the apportionment of the costs of such program to be borne at the ratio of 80% Federal funds and 20% non-federal funds, and WHEREAS, the Town of Queensbury wishes to advance the Project by making a commitment of 100% of the federal and non-federal share of the costs of the preliminary engineering, ROW incidentals and ROW acquisition and construction, with such Project Phase Completion Date to be December 31, 2007, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby reaffirms and authorizes its establishment of the Main Street Gateway Plaza Improvements Capital Project, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the Town Budget Officer to pay in the first instance 100% of the federal and non-federal share of the cost of the preliminary engineering, ROW incidentals, ROW acquisition and construction work for the Project or portions of the Project, with such Project Phase Completion Date to be December 31, 2007, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs $113,000 to be appropriated from Fund #64 – Capital Reserve Fund and $450,000 in the form of an interfund loan from the General Fund to be paid upon the availability of the Federal Funds and such sum is made available to cover the cost of participation in the Project, and BE IT FURTHER, RESOLVED, that in the event that the full federal and non-federal share costs of the Project exceeds the amount appropriated above, the Queensbury Town Board shall convene as soon as possible to appropriate such excess amount immediately upon the notification by the New York State Department of Transportation, and BE IT FURTHER, RESOLVED that the Queensbury Town Board further authorizes and directs the Town Supervisor and/or Executive Director of Community Development to execute the Supplemental #1 Agreement Schedule Nos. A-1/B-1, any other necessary Agreements, certifications or reimbursement requests for Federal Aid on behalf of the Town with the New York State Department of Transportation in connection with the advancement or approval of the Project and providing for the administration of the Project and the Town’s first instance funding of Project costs and permanent funding of the local share of federal aid eligible Project costs and all Project costs within appropriations therefore that are not so eligible, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Executive Director of Community Development to file a certified copy of this Resolution with the New York State Commissioner of Transportation by attaching it to any necessary agreement in connection with the Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or Executive Director of Community Development to take all action necessary to effectuate all terms of this Resolution, and BE IT FURTHER, RESOLVED, that this Resolution shall take effect immediately. th Duly adopted this 20 day of December, 2004, by the following vote: AYES : Mr. Boor, Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT : None