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163.2011 Hiland Pk Improvements Captial Projec RESOLUTION AUTHORIZING REOPENING AND INCREASE OF FUNDS IN KLAK/HILAND PARK IMPROVEMENTS CAPITAL PROJECT FUND #142 RESOLUTION NO.: 163, 2011 INTRODUCED BY: Mr. Ronald Montesi WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, by Resolution No.: 270, 2010, the Queensbury Town Board authorized the expenditure of $18,000 from the Town’s receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement to the Klak/Hiland Park Improvements Capital Project Fund #142,” which Capital Project Fund #142 established funding for expenditures related to improvements at the Meadowbrook Preserve as follows: trail creation, parking, signage and professional services, and WHEREAS, by Resolution 112,2008, the Town Board had closed such Capital Project Fund #142, and WHEREAS, the Town Board wishes to therefore reopen Capital Project Fund #142, as well as increase the funds in such Fund #142 from $18,000 to $25,000 to provide for further improvements, such funds to be from the Town’s receipt of occupancy tax revenues from Warren County, as the additional improvements will benefit 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 authorizes and directs the reopening of Capital Project Fund #142 and authorizes an increase of appropriations in such Fund #142 from $18,000 to $25,000 as well as in the appropriate revenue account in Fund #142, and establishing appropriations of $25,000 in Occupancy Tax Fund #50 in appropriation 050-9950- 7030Interfund Transfer, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the 2011 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary, and 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 all terms of this Resolution. nd Duly adopted this 2 day of May, 2011 by the following vote: AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None 2