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