176.2021 Escrow Agreement Montcalm Apartments LLC Regarding Public Sewer Connection
RESOLUTION AUTHORIZING ESCROW AGREEMENT BETWEEN
TOWN OF QUEENSBURY AND MONTCALM APARTMENTS, LLC
RELATING TO ESTABLISHMENT OF PUBLIC SEWER
CONNECTION TO SERVE THE MONTCALM APARTMENTS
RESOLUTION NO.: 176, 2021
INTRODUCED BY: Mr. Harrison Freer
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Timothy McNulty
WHEREAS, Montcalm Apartments, LLC (Montcalm Apartments) has offered to pay
for engineering and grant writing services to support establishment of a public sewer
connection to serve the Montcalm Apartments in the Town of Queensbury, and
WHEREAS, the Queensbury Town Board has received and authorized proposals from
The Chazen Companies (Chazen) for such engineering and grant writing services in the
,
amount of Twenty Five Thousand Five Hundred Forty Dollars ($25,540.00), and
WHEREAS, Montcalm Apartments has informed the Town that it has no objection to
,
providing the Town with a Twenty Five Thousand Five Hundred Forty Dollars ($25,540.00)
cash escrow and entering into an Escrow Agreement to ensure completion of and payment for
Chazen’s services, and
WHEREAS, a proposed Escrow Agreement in form drafted by and acceptable to Town
Legal Counsel is presented at this meeting and the Town's Senior Planner has recommended that
the Town Board authorize the Agreement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the Escrow
Agreement with Montcalm Apartments, LLC, contingent upon Montcalm Apartments, LLC
providing the Town with a Twenty Five Thousand Five Hundred Forty Dollars ($25,540.00)
cash escrow and entering into the Escrow Agreement, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor
to execute the Escrow Agreement substantially in the form presented at this meeting as well
as any other needed documentation and the Town Supervisor, Town Senior Planner and/or Town
Budget Officer to take such other and further actions necessary to effectuate the terms of this
Resolution.
th
Duly adopted this 17 day of May, 2021, by the following vote:
AYES: Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone
NOES: None
ABSENT: None