472.2000
RESOLUTION ESTABLISHING NEW CAPITAL PROJECT FUND
#123 – GREENWAY WATER MAIN CONNECTION
RESOLUTION NO.: 472. 2000
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, by Resolution No.: 403.2000, the Queensbury Town Board authorized the
replacement/installation of water mains in the vicinity of Greenway Drive, Carlton Drive, Greenway
North and Glendale Drive in the Town of Queensbury, authorized funding for the project and
specifically awarded the bid for the general contract to Jenkins Excavating, Inc. for an amount not to
exceed $190,000, and
WHEREAS, by Resolution No.: 404.2000, the Queensbury Town Board authorized the
issuance of $190,000 serial bonds to finance the replacement/installation of water mains project, and
WHEREAS, the Town Board wishes to establish a Capital Project Fund to fund all expenses
associated with this project,
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 “Greenway Water Main Connection Capital
Project Fund #123,” which Fund will establish funding for all expenses associated with the
replacement/installation of water mains in the vicinity of Greenway Drive, Carlton Drive, Greenway
North and Glendale Drive in the Town of Queensbury, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby establishes initial appropriations for the new Capital
Project Fund #123 in the amount of $190,000, the source of funding to be $190,000 from the issuance
of serial bonds, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Water
Superintendent and/or Town Comptroller’s Office to execute any documentation and take such action
necessary to effectuate the terms and provisions of this Resolution.
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Duly adopted this 27day of November, 2000, by the following vote:
AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower
NOES : None
ABSENT: None