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206.95 RESOLUTION APPROVING OPEN SPACE INSTITUTE AS THIRD PARTY AND APPROVING DEED IN CONNECTION WITH THE HUDSON POINTE PLANNED UNIT DEVELOPMENT RESOLUTION NO. 206, 95 INTRODUCED BY: Mrs. Betty Monahan WHO MOVED ITS ADOPTION SECONDED BY: Mrs. Carol Pulver WHEREAS, the Town Board of the Town of Queensbury, by previous resolution, approved and authorized execution of an agreement known as the "Hudson Pointe Planned Unit Development Agreement," and thereafter enacted certain legislation which authorized the Hudson Pointe Planned Unit Development, and WHEREAS, in accordance with the aforesaid agreement and legislation, the developer proposes for the purpose of conservation, conveyance of an area of the Hudson Pointe Planned Unit Development comprised of the river shoreline, the wetlands, the Pointe, the bluffs, and the buffer from the top of the bluff inland, together with five (5) archaeological sites to the Open Space Institute, and WHEREAS, in accordance with the aforesaid agreement, the Town Board must first approve the deed proposed to effectuate the conveyance and the party to whom the property is to be conveyed, and WHEREAS, the proposed deed from Hudson Pointe, Inc., to the Open Space Institute has been presented at this meeting, together with a Management Plan developed by the Saratoga Associates and dated December, 1994, and WHEREAS, the Town Attorney has advised that the Town has received a copy of the certificate and report of title for title from Hometown Title Company and that he finds, upon review of the same, that the same indicates marketable title and that any issues concerning mortgages and other like liens or encumbrances have been cleared, except that he also notes that there are a number of easements and restrictions in title, which are not expected to be cleared, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves Open Space Institute as the third party to whom the developer shall dedicate the lands described hereinabove and in the deed, for purposes of conservation, and BE IT FURTHER, RESOLVED, that the Town Board of the Town of Queensbury hereby approves the deed and the language contained therein and notes that the deed makes specific reference to the management plan developed by Open Space Institute, which is likewise approved by the Town Board of the Town of Queensbury, and BE IT FURTHER, RESOLVED, that the approvals set forth herein shall be conditioned upon the acceptance of the deed by the Open Space Institute and the recording of the same in the Warren County Clerk's Office, and all other such actions that may be necessary to fully effectuate a transfer of title from the developer to the Open Space Institute, and the issuance of a Title Policy insuring the title as marketable and free and clear of mortgages and like liens and encumbrances. Duly adopted this 27th day of March, 1995, by the following vote: AYES : Mr. Turner, Mrs. Pulver, Mrs. Monahan, Mr. Caimano NOES : None ABSENT: Mr. Champagne