643.93
RESOLUTION ESTABLISHING PEGGY ANN ROAD CAPITAL PROJECT
FUND
RESOLUTION NO.: 643, 93
INTRODUCED BY: Mr. Pliney Tucker
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Michel Brandt
WHEREAS, the Town Board of the Town of Queensbury is desirous
of establishing a Capital Project Fund and establishing therein
appropriations for certain improvements planned for Peggy Ann Road
in the Town of Queensbury,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and directs the establishment of a capital project fund
to be known as the Peggy Ann Road Capital Project Fund for purposes
of making improvements to Peggy Ann Road in the vicinity of the
intersection of Peggy Ann Road and Wintergreen Roads, which fund
would establish funding for all work and purchases of all
materials, etc. necessary to make improvements, including
engineering and legal expense, at an estimated cost not to exceed
$75,000, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
establishes appropriations for said new capital project fund in the
amount of $75,0000, with the source of funding to be $75,000 from
the General Fund of the Town of Queensbury, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
increases appropriations in the Town of Queensbury General Fund
Interfund Transfer Account by $75,000 and hereby authorizes the
transfer of the same to the Peggy Ann Road Capital Project Fund,
and the 1993 Town Budget is hereby amended accordingly, and
BE IT FURTHER
RESOLVED, to transfer appropriations from the General Fund
Contingency Account to the above Interfund Transfer Account, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the Town Supervisor to transfer funds and take all
action that may be necessary to effectuate the terms and provisions
of this resolution.
Duly adopted this 1st day of November, 1993, by the following
vote:
AYES: Mrs. Monahan, Mrs. Goetz, Mr. Caimano, Mr. Tucker, Mr.
Brandt
NOES: None
ABSENT:None