189.95
RESOLUTION TO APPROVE PURCHASE OF MACHINERY AND/OR APPARATUS
FOR CONSTRUCTION AND MAINTENANCE
FOR THE TOWN HIGHWAY DEPARTMENT
RESOLUTION NO.: 189. 1995
INTRODUCED BY: Mr. Theodore Turner WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Betty Monahan
WHEREAS, the Town Highway Superintendent for the Town of
Queensbury is desirous of purchasing machinery and/or apparatus for
construction and maintenance, said machinery and/or apparatus
consisting of one (1) track type tractor with bulldozer and one (1)
all wheel drive heavy duty hydraulic wheeled excavator, and trading
certain machinery, as more specifically described in the bid
specifications, and the Town Board of the Town of Queensbury is
desirous of approving, or, as may be necessary, authorizing said
purchase and trade, increasing authorized appropriations in the
capital project fund number 94 for said purchase and arranging for
the financing of the purchase as more specifically set forth
herein,
NOW, THEREFORE BE IT
RESOLVED, the Town Board of the Town of Queensbury hereby
approves and, as may be necessary, authorizes the purchase of
machinery and/or apparatus for construction and maintenance and
trade of certain machinery, as described in the preambles of this
resolution and as set forth in the Bidding Documents presented at
this meeting, with the same to be paid for in accordance with the
terms and provisions of this resolution, and
BE IT FURTHER
RESOLVED, that the said Town Board hereby authorizes and
directs an increase of appropriations in the capital project fund
number 94, known as "Highway Machinery Capital Project Fund" for
the purposes of providing a fund out of which payments will be made
for the aforesaid machines and provides that the increased
appropriations for said capital project fund shall be in the amount
of $300,000.00, the estimated total cost of the aforesaid machinery
and/or apparatus and the proposed method of financing said capital
project fund shall consist of the following: issuance of Bonds or
Bond Anticipation Notes in a total amount not-to-exceed $300,000.00
with authority to renew the same, as may be necessary, from time to
time, to be vested in the discretion of the Town Supervisor as
Chief Fiscal Officer for the Town of Queensbury in accordance with
the terms and conditions of a bond resolution to be adopted by the
Town Board of the Town of Queensbury, and
BE IT FURTHER
RESOLVED, that the Town Comptroller and Town Supervisor of the
Town of Queensbury are hereby authorized and directed to take such
other and further action as may be necessary to arrange for the
increase in appropriations in the aforesaid capital project fund,
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the arrangement of funding of the same, and purchase of the
aforesaid machinery and/or apparatus, including the establishment
of any account lines within the fund as may be necessary to
transfer funds to said account or pay monies from said fund for
purchase of the said machinery and/or apparatus.
Duly adopted this 20th day of March, 1995, by the following
vote:
Ayes: Mr. Turner, Mrs. Monahan, Mr. Champagne
Noes: None
Absent: Mr. Caimano, Mrs. Pulver
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