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218.2010 Occ. Funds Meadowbrook RESOLUTION AUTHORIZING USE OF OCCUPANCY FUNDS TOWARD KLAK/HILAND PARK-MEADOWBROOK ROAD PROPERTY IMPROVEMENTS RESOLUTION NO.: 218, 2010 INTRODUCED BY: Mr. Ronald Montesi WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, the Queensbury Town Board previously established the Klak/Hiland Park Improvements Capital Project Fund #142, and WHEREAS, by prior Resolution and Agreement the Town Board provided in the 2010 Town Budget for the Town’s receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement (Agreement) entered into between the Town and Warren County, and WHEREAS, the Agreement provides that specific expenditure of the funds provided under the Agreement are subject to further Resolution of the Queensbury Town Board, and WHEREAS, the Town Board wishes to accordingly authorize provision of such funds, in the amount of $18,000, to be used toward reimbursing the Klak/Hiland Park Improvements Capital Project Fund #142 for expenditures related to improvements at the Meadowbrook Preserve as follows: 1.Trail creation; 2.Parking; 3.Signage; and 4.Professional Services; as the Meadowbrook Preserve benefits not only Town of Queensbury residents, but also the general public, thereby serving as an economic boon to the Town of Queensbury and entire area, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes the expenditure of funds in the amount of $18,000 to the Klak/Hiland Park Improvements Capital Project Fund #142 as delineated in the preambles of this Resolution, such funds to be from Warren County occupancy tax revenues received by the Town and to be paid for from Account No.: 050-6410-4412, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Budget Officer and/or Director of Parks and Recreation to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 7 day of June, 2010, by the following vote: AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None 2