363.96
RESOLUTION AUTHORIZING SUBGRANTEE AGREEMENT BETWEEN
THE TOWN OF QUEENSBURY AND THE QUEENSBURY
ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 363.96
INTRODUCED BY: Mrs. Carol Pulver
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Fred Champagne
WHEREAS, the Town of Queensbury has received Federal grant
assistance from the U.S. Department of Housing and Urban
Development (HUD) through the Community Development Block Grant
(CDBG) Program for the purpose of assisting businesses within the
Town of Queensbury in expanding or retaining employment
opportunities, and
WHEREAS, the Town has received and expects to continue to
receive CDBG income in the form of loan repayments and other
income, and
WHEREAS, the Town may, from time to time, receive additional
CDBG funding from HUD (or from New York State should the State take
over the CDBG Small Cities Program from HUD) for the purpose of
assisting businesses within the Town in expanding or retaining
employment opportunities, and
WHEREAS, the Queensbury Economic Development Corporation
(QEDC) has the capacity to administer the use of such CDBG funding
in the best interests of the Town, and
WHEREAS, a copy of a proposed Subgrantee Agreement Between the
Town and QEDC has been presented at this meeting and said Agreement
has been reviewed and is in a form approved by Town Counsel,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves of the Subgrantee Agreement presented at this meeting, and
hereby further authorizes and directs the Town Supervisor of the
Town of Queensbury to execute the same on behalf of the Town Board,
and take such other and further steps as may be necessary to
effectuate the terms of the Subgrantee Agreement.
Duly adopted this 19th day of August, 1996, by the following
vote:
AYES : Mrs. Monahan, Mr. Turner, Mrs. Goedert, Mrs. Pulver, Mr.
Champagne
NOES : None
ABSENT: None