039.96
RESOLUTION AUTHORIZING RELEASE OF ESCROW FUNDS
RESOLUTION NO.: 39,96
INTRODUCED BY: Mrs. Carol Pulver
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, the Town Board of the Town of Queensbury, by
resolution no. 474, 94 indicated its acceptance of the sanitary
sewer system and components constructed by Queensbury Retail
Limited Partnership, and
WHEREAS, the Town Board of the Town of Queensbury, at the time
of acceptance, also authorized the release of certain escrow funds
previously retained by the Town as part of the agreement concerning
construction of the sanitary sewer system, with the exception of a
certain sum to be kept for a period of one year ($2,340.00), and
WHEREAS, Queensbury Retail Limited Partnership is requesting
that the $2,340.00 plus interest monies held in escrow be returned
as the one year guarantee period has expired,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the return of the sum of $2,340.00 plus interest to
Queensbury Retail Limited Partnership.
Duly adopted this 3rd day of January, 1996, by the following
vote:
AYES : Mrs. Goedert, Mrs. Pulver, Mrs. Monahan, Mr. Turner, Mr.
Champagne
NOES : None
ABSENT: None