260.2009
RESOLUTION AUTHORIZING RELEASE OF ESCROW FUNDS
IN CONNECTION WITH DEDICATION OF
EXTENSION OF BLACKBERRY LANE
RESOLUTION NO.: 260, 2009
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, by Resolution No.: 175,2005 the Queensbury Town Board authorized the
dedication of an extension of Blackberry Lane, such acceptance conditioned on the Town’s receipt of
$10,000 cash escrow from Michael and Yvonne Wild (Developers), and
WHEREAS, the Developers provided the Town with the required $10,000 and entered into an
Escrow Agreement with the Town, and
WHEREAS, as required by the Escrow Agreement, the Town deposited the $10,000 in an
interest bearing account, and
WHEREAS, the Town’s Highway Superintendent has advised the Town Board that the
Developers have completed, to the Highway Superintendent’s satisfaction, the top coat of the road
extension and has requested that the monies held by the Town be released, and
WHEREAS, the Town Board wishes to therefore authorize the refund of funds currently held in
escrow to the Developers as required by the Escrow Agreement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the return of escrow funds to
Michael and Yvonne Wild in connection with the dedication ofan extension of Blackberry Lane,
which sum shall be the amount of $10,000 plus any earned interest, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to
take such other and further action necessary to effectuate the terms of this Resolution.
rd
Duly adopted this 3 day of August, 2009, by the following vote:
AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec
NOES : None
ABSENT: None