159.98
RESOLUTION ESTABLISHING ESCROW ACCOUNT FOR ENGINEERING
AND REVIEW FEES REGARDING THE PYRAMID CORPORATION OF GLENS FALLS’
PROPOSED EXPANSION OF THE AVIATION MALL
RESOLUTION NO.: 159, 98
INTRODUCED BY: Mr. Douglas Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, Pyramid Corporation of Glens Falls has proposed an 850,000 square feet
expansion project at the Aviation Mall in Queensbury, and
WHEREAS, the Executive Director of Community Development has requested that the Town
Board of the Town of Queensbury authorize the establishment of an Escrow Account because of the
additional Town engineering and review services that will be necessary due to the magnitude of the
expansion project,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes the
establishment of an escrow account in the amount of $10,000 to be used in connection with Town
engineering and review fees that will be necessary due to the Aviation Mall expansion project, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury further authorizes that an
Escrow Agreement be entered into between the Town of Queensbury and Pyramid Corporation of
Glens Falls, such Agreement being in form approved by Town Counsel, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury further authorizes and directs
the Town Controller and Town Supervisor to execute any forms necessary to effectuate this
Resolution.
th
Duly adopted this 20 day of April, 1998 by the following vote:
AYES : Mr. Irish, Mr. Tucker, Mr. Merrill, Mr. Turner, Mr. Champagne
NOES : None
ABSENT : None