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361.2001 RESOLUTION ESTABLISHING NEW CAPITAL PROJECT FUND #129 – QUEENSBURY FOREST DRAINAGE PROJECT AND AUTHORIZING TOWN HIGHWAY DEPARTMENT TO PERFORM DRAINAGE WORK IN QUEENSBURY FOREST SUBDIVISION RESOLUTION NO.: 361, 2001 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Daniel Stec WHEREAS, by Resolution No.: 226, 2000, the Queensbury Town Board authorized engagement of Nace Engineering, P.C. to provide surveying and engineering services in connection with a proposed drainage outfall from Queensbury Forest Phase III to the north side of Peggy Ann Road in the Town of Queensbury, and WHEREAS, by Resolution No.: 260,2001 the Town Board authorized the procurement of easements from certain property owners in the vicinity of the Queensbury Forest subdivision, and WHEREAS, the Highway Department has agreed to perform the work necessary to correct the drainage problems and has provided the Town Board with an estimated cost breakdown, and WHEREAS, the Town Board wishes to establish a Capital Project Fund to fund the Highway Department’s work to correct the drainage problems in the Queensbury Forest subdivision, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the establishment of a Capital Project Fund to be known as the “Queensbury Forest Subdivision Drainage Capital Project Fund #129,” which Fund will establish funding for expenses associated with the Town Highway Department’s work to fix the drainage problems in the vicinity of Queensbury Forest, and BE IT FURTHER, RESOLVED, that the Town Board hereby establishes initial appropriations for Fund # 129 Queensbury Forest Drainage Project in the following amounts: Materials $ 30,705 Labor 51,445 Equipment 109,540 Total Hwy. Dept. $191,690 Engineering 15,000 10 % Contingency 20,670 Total Estimated Project$227,360 and BE IT FURTHER, RESOLVED, that the Town Board hereby establishes estimated revenues for Capital Project Fund #129 in the amount of $227,360, the source of funding to be by the transfer of fund balance in the amount of $108,357 from Fund #113 Ward IV Paving and Drainage and $119,003 from Fund #125 Ward I Road Drainage to Fund #129 Queensbury Forest Drainage Project, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Comptroller’s Office to amend the 2001 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues and effectuate all terms of this Resolution. BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town of Queensbury Highway Department to perform the work necessary to complete the drainage project Fund #129 Queensbury Forest Drainage Project. th Duly adopted this 10 day of September, 2001, by the following vote: AYES : Mr. Brewer, Mr. Brower, Mr. Stec NOES : None ABSENT:Mr. Martin, Mr. Turner