502.2003
RESOLUTION AUTHORIZING KLAK/HILAND PARK-MEADOWBROOK
ROAD PROPERTY IMPROVEMENT PROJECT AND WITHDRAWAL
FROM CAPITAL RESERVE FUND FOR SUCH PROJECT
RESOLUTION NO.: 502. 2003
INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
known as the Recreation Assessment Reserve Fund No. 61 (Fund No. 61) for future recreational
developments, and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of $29,500 for specific capital improvements and certain items of equipment for
the Klak/Hiland Park-Meadowbrook Road Property Improvement Project to consist of:
1.excavating in order to create approximately one mile of activity trails;
2.constructing a 10 car parking area;
3.developing fishing access sites;
4.purchasing/installing a foot bridge across Halfway Brook; and
5.professional services for all of the above;
and
§
WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town
Board is authorized to withdraw and expend funds from Fund #61 subject to permissive referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project
known as the Klak/Hiland Park-Meadowbrook Road Property Improvement Project and authorizes
expenditures in the total amount of $29,500 for the work described in the preambles of this Resolution,
and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Supervisor to
establish a separate capital project fund for such Project – Klak/Hiland Park Improvements Capital
Project Fund #142, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the
amount of $29,500 to fund such Project, such funds to be placed into the capital project fund to be
established in accordance with this Resolution and the Town Board further directs that in the event
there are funds remaining in such capital project fund after completion of the Project or in the event
that the Project is not undertaken, the moneys in the capital project fund shall be returned to the capital
reserve fund, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby establishes initial appropriations in Account
No.: 142-7110-2899 in the amount of $29,500 and estimated revenues in Account No.: 142-
0142-5031 in the amount of $29,500, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the
Klak/Hiland Park-Meadowbrook Road Property Improvement Project is an expenditure for a specific
capital project and items of equipment for which the reserve account was established, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the
provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk
to publish and post such notices and take such other actions as may be required by law.
st
Duly adopted this 1 day of December, 2003 by the following vote:
AYES : Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Boor
NOES : None
ABSENT : None