031.2003
RESOLUTION AUTHORIZING AGREEMENT BETWEEN
TOWN OF QUEENSBURY AND QUEENSBURY ECONOMIC
DEVELOPMENT CORPORATION
RESOLUTION NO. : 31, 2003
INTRODUCED BY: Mr. Roger Boor
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, on behalf of the Town of Queensbury, Queensbury Town Board members
formed the Queensbury Economic Development Corporation (QEDC) in 1986 under the Not-for-
Profit Corporation Law §402 and §1411, and
WHEREAS, the Town and QEDC recognize the need to revitalize the local economy by
increasing the number of jobs for Town residents by attracting high technology and other
industries to the area, and
WHEREAS, in accordance with the Not-for-Profit Corporation Law §1411(a) and
QEDC’s Certificate of Incorporation, as amended, the purposes of the QEDC are the exclusively
charitable or public purposes of relieving and reducing unemployment, promoting and providing
for additional and maximum employment, bettering and maintaining job opportunities, instructing
or training individuals to improve or develop their capabilities for such jobs, carrying on scientific
research for the purpose of aiding a community or geographical area by attracting new industry to
the community or area or by encouraging the development of, or retention of, an industry in the
community or area, and lessening the burdens of government and acting in the public interest, and
WHEREAS, the Not-for-Profit Corporation Law specifically finds that corporations
organized under §1411 perform an essential governmental function, and
WHEREAS, the Town Board strongly supports QEDC’s important mission to improve
employment opportunities and economic development in the Town, and
WHEREAS, the Town wishes to enter into an agreement with QEDC and a proposed
agreement has been presented at this meeting in form approved by Town Counsel,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes the
Agreement with the Queensbury Economic Development Corporation presented at this meeting with
funding to be paid for from the appropriate account, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the Agreement and take such other and further action as may be necessary to effectuate the
terms of this Resolution.
th
Duly adopted this 6 day of January, 2003 by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner
NOES : None
ABSENT: None