031.2002
RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY
AND QUEENSBURY ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 31, 2002
INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the QEDC was formed under Section 402 and Section 1411 of the
Not-for-Profit Corporation Law in 1986 on behalf of the Town of Queensbury by the
members of the Town Board, and
WHEREAS, the Town and the QEDC recognize the need to revitalize the local
economy by increasing the number of jobs for residents of the Town through attracting
high technology and other industries to the area, and
WHEREAS, in accordance with the Not-for-Profit Corporation Law Section
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 Section 1411 perform an essential governmental function, and
WHEREAS, the Queensbury 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.
st
Duly adopted this 1 day of January, 2002, by the following vote:
AYES: Mr. Boor, Mr. Stec, Mr. Brewer, Mr. Brower
NOES: None
ABSENT: Mr. Turner