Loading...
338.95 RESOLUTION REGARDING PAYMENT OF FUNDS IN RELATION TO QUEENSBURY FOREST ESCROW AGREEMENT RESOLUTION NO.: 338.95 INTRODUCED BY: Mrs. Carol Pulver WHO MOVED ITS ADOPTION SECONDED BY: Mr. Nick Caimano WHEREAS, the Town Board of the Town of Queensbury previously entered into an agreement with FOREST WOOD HOMES, INC., and EDWARD & THOMAS O'CONNOR, INC., whereby certain roads would be completed in the Queensbury Forest Subdivision Phase III, and WHEREAS, Paul H. Naylor, Town Highway Superintendent, has advised that the said roads have been completed, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury, in accordance with the terms and provisions of the Escrow Agreement, hereby authorizes and directs the Town Comptroller to arrange for the payment of all funds currently being held in escrow, together with any accrued interest, to FOREST WOOD HOMES, INC., and EDWARD & THOMAS O'CONNOR, INC., with checks to be made separately payable to each entity, with the appropriate amount of interest. Duly adopted this 5th day of June, 1995 by the following vote: AYES : Mr. Turner, Mr. Caimano, Mrs. Pulver, Mrs. Monahan, Mr. Champagne NOES : None ABSENT: None