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161.96 RESOLUTION AUTHORIZING RELEASE OF RETAINER BALANCE TO GF REFRIGERATION & HEATING WORKS RESOLUTION NO. 161, 96 INTRODUCED BY: Mrs. Carol Pulver WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, G. F. Refrigeration & Heating Works, Marvin S. Dobert, Sr., deposited the total sum of $22,900. with the Town of Queensbury to assure the faithful performance of the contract and payments of labor and material reasonably required to be used in completion of the agreement to furnish and install air conditioning systems in the Activities Center of the Town of Queensbury, and WHEREAS, the Town Board of the Town of Queensbury has been advised that the air conditioning project has been fully completed and is satisfactorily operating, and 90% of the $22,900., plus interest, was previously returned, leaving a balance of 10% ($2,290.), plus any accrued interest, and WHEREAS, the balance of funds in connection with the air conditioning contract is to be returned to GF Refrigeration & Heating Works six (6) months after the air conditioning systems have been fully and completely installed and made operational, and WHEREAS, it has been at least six (6) months since the air conditioners were installed and operational, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes to pay the balance of 10% of the retainage in the amount of $2,290, together with any accrued interest, to be returned to G.F. Refrigeration & Heating Works, Marvin S. Dobert, Sr. Duly adopted this 18th day of March, l996, by the following vote: AYES : Mrs. Pulver, Mrs. Monahan, Mr. Turner, Mrs. Goedert, Mr. Champagne NOES : None ABSENT : None