332.2001
RESOLUTION AUTHORIZING FILING OF APPLICATIONS IN
CONNECTION WITH ENVIRONMENTAL FACILITIES CORPORATION
FINANCING FOR PROPOSED CREATION OF SOUTH QUEENSBURY-
QUEENSBURY AVENUE SEWER DISTRICT AND PROPOSED CREATION
OF ROUTE 9 SEWER DISTRICT
RESOLUTION NO.: 332, 2001
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Town of Queensbury is proposing to create the South Queensbury –
Queensbury Avenue Sewer District and the Route 9 Sewer District, and
WHEREAS, the Town would like the costs to be financed by the New York State
Environmental Facilities Corporation (EFC), and
WHEREAS, by Resolution No.: 283,2001, the Town Board engaged the services of
Environmental Capital LLC to provide financial advisory services with regard to the proposed creation
of the Route 9 Sewer District, and
WHEREAS, the Town Board is considering authorizing engagement of Environmental Capital
LLC to assist with the financing of the proposed creation of the South Queensbury – Queensbury
Avenue Sewer District, and
WHEREAS, Environmental Capital LLC has advised that the Town must file an application
with EFC prior to October 1, 2001 in order to be “listed,” and
WHEREAS, the Town must also file a pre-application form and application with EFC to be
considered for EFC financing, and
WHEREAS, the Town Board has not yet adopted a Bond Resolution authorizing financing for
either project and no financing can or will be authorized without such a Bond Resolution,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Supervisor, Wastewater Director and/or Deputy Wastewater Director to sign and file documents and
take any and all action necessary to seek New York State Environmental Facilities Corporation (EFC)
financing for the proposed creation of the South Queensbury – Queensbury Avenue Sewer District and
Route 9 Sewer District, including, but not limited to, executing a pre-application form and an
application, and
BE IT FURTHER,
RESOLVED, that this Resolution shall not be considered in any way to be a Bond Resolution
or as authorizing the issuance of any Town obligations.
th
Duly adopted this 20 day of August, 2001, by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Martin, Mr. Turner
NOES : None
ABSENT: None