397.2009
RESOLUTION AUTHORIZING TRANSFER OF $1,154,825 FROM
LANDFILL CAPITAL RESERVE FUND #63 TO
GENERAL FUND CAPITAL RESERVE #64
RESOLUTION NO.: 397, 2009
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, the Queensbury Town Board previously established a capital reserve fund to
finance closure of the Town’s Landfill (“Landfill Capital Reserve #63”), subject to permissive
referendum, and
WHEREAS, the Town Board previously designated $560,000 of Landfill Capital Reserve
#63 for future well testing and maintenance costs and $200,000 for quick response remediation,
and
,
WHEREAS the amount of money currently in Landfill Capital Reserve #63 exceeds these
amounts, and
WHEREAS, the Town Board wishes to transfer the excess funds to General Fund Capital
Reserve #64, and
WHEREAS, in accordance with General Municipal Law §6-c(9), the Town Board may
authorize the transfer of part of the unexpended balance of a capital reserve fund to another
capital reserve fund,
NOW, THEREFORE, BE IT
RESOLVED, that in accordance with New York State General Municipal Law §6-c, as
amended, the Queensbury Town Board hereby authorizes the transfer of $1,154,825 from Landfill
Capital Reserve #63 to General Fund Capital Reserve #64; and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to permissive referendum as provided by
General Municipal Law §6-c and Town Law Article 7, and shall not take effect until such time as
provided therein and the Town Clerk is hereby authorized and directed to post and publish the
notice required for Resolutions subject to permissive referendum.
st
Duly adopted this 21 day of December, 2009 by the following vote:
AYES: Mr. Strough, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES: None
ABSENT: Mr. Brewer
2