284.92
RESOLUTION AUTHORIZING WITHDRAWAL FROM
RECREATION ASSESSMENT RESERVE FUND #61
RESOLUTION NO. 284, 92
, Introduced by Mr. Michel Brandt who moved
for it's adoption, seconded by Mrs. Susan Goetz.
WHEREAS, the Town has received from Finch Pruyn & Co., Inc.,
the free use of labor and machinery to help assist in the grading
and development of Hovey Pond Park, and
WHEREAS, the use of the free equipment and labor will result
in significant savings to the Town in the development of the Hovey
Pond Park project, but some monies are also needed to fund
materials and supply additional labor in conjunction with the labor
and equipment furnished by Finch Pruyn & Co., Inc., and
WHEREAS, as an interim measure, the Town wishes to provide
limited funding to pay for the additional labor and material and to
develop the site to a certain extent, such that some regrading is
accomplished and water drainage altered, and
WHEREAS, the Town Board of the Town of Queensbury has
previously established the Recreation Assessment Reserve Fund (Fund
#61) and a Hovey Pond Capital Project Fund #82, and
WHEREAS, the Town Board of the Town of Queensbury is desirous
of transferring $13,500.00 from the aforesaid Recreation Assessment
Reserve Fund #61 into the Hovey Pond Capital Project Fund #82 to
pay for the aforesaid additional labor and materials,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes a withdrawal and expenditure from the Recreation
Assessment Reserve Fund #61 in the total amount of $13,500.00 to be
deposited in the Hovey Pond Capital Project Fund #82 to pay for the
expenses and improvements to be made in conjunction with the free
labor and equipment furnished by Finch Pruyn & Co., Inc., and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
further finds that the withdrawal and expenditure for the
previously identified recreation project and improvements at Hovey
Pond Park is an expenditure for improvements or items of equipment
for which the Reserve Fund #61 was established, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
finds that the sum of $13,500.00 amount transferred from the
Recreation Assessment Reserve Fund #61 shall be used to improve
Hovey Pond Park and that it will generally serve the Town's
residential neighborhoods, subdivisions, and multi-family
dwellings, the developers of which have heretofore contributed fees
in lieu of developing recreational areas, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
further directs that in the event that any funds are remaining in
said Hovey Pond Capital Project Fund after completion of the
project or in the event that said project is not undertaken, the
money in the said account shall be returned to the Recreation
Assessment Reserve Fund #61, and
BE IT FURTHER,
RESOLVED, that in accordance with the General Municipal Law of
the State of New York, this resolution shall be subject to a
permissive referendum in accordance with the provisions of Article
7 of the Town Law, and the Town Clerk of the Town of Queensbury is
hereby authorized and directed to publish and post such notices and
take such other actions as may be required by law, indicating that
this resolution is subject to a permissive referendum.
Duly adopted this 18th day of May, 1992, by the following
vote:
AYES : Mr. Tucker, Mrs. Monahan, Mrs. Goetz, Mr. Caimano,
Mr. Brandt
NOES : None
ABSENT: None