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FINANCIAL\2021\Close Capital Project 190—Freedom Park—6-21
RESOLUTION AUTHORIZING CLOSURE OF FREEDOM PARK
RECREATION AREA CAPITAL PROJECT FUND #190
RESOLUTION NO.: ,2021
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, in accordance with Resolution No.: 172,2012, the Queensbury Town Board
authorized establishment of the Freedom Park Recreation Area Capital Project Fund#190, and
WHEREAS, the Town's Director of Parks and Recreation has advised that the Project is
complete, and
WHEREAS, the Town's accounting records show that there is approximately $45.46
remaining in Capital Project Fund#190, and
WHEREAS, the Town Board wishes to close this Capital Project Fund and transfer the
Fund's remaining fund balance back to the Hovey Pond Capital Project Fund#146,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to close the Freedom Park Recreation Area Capital Project Fund#190 and transfer
the Fund's remaining balance of$45.46 to the Hovey Pond Capital Project Fund#146, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer
to amend the Town Budget by:
• Increasing Appropriations in Account No.: 190-9950-9030—Transfer to Capital Project
by$45.46; and
• Increasing Revenue in Account No.: 146-0000-55031 - Interfund Transfers by $45.46;
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Director of Parks and Recreation and/or Town Budget-Officer and to take such other and further
action as may be necessary to effectuate all terms of this Resolution.
Duly adopted this 21St day of June,2021,by the following vote:
AYES
NOES
ABSENT: .
RESOLUTION AUTHORIZING FREEDOM PARK RECREATION AREA
IMPROVEMENT PROJECT #190 AND WITHDRAWAL FROM
CAPITAL RESERVE FUND #61
RESOLUTION NO.: 172,2012
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John-Strough
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
known as the Recreation Reserve Fund No. 61 for future capital projects, and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of$16,000 for specific capital improvements and certain items of equipment
for the Freedom Park Recreation Area as set forth in the Town Recreation Commission's May 20,
2012 Memorandum presented at this meeting and as follows:
• New safety surfacing $12,000
• Play equipment repair or replacement $ 4,000
TOTAL: $16,000
and
WHEREAS, in accordance with New York State General Municipal Law §6(c), the Town
Board is authorized to withdraw and expend funds from Fund #64 subject to permissive
referendum,
NOW,THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project
known as the Freedom Park Recreation Area Improvement Project and authorizes expenditures in
the total amount of$16,000, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the establishment of a
separate capital project fund for such Project—Freedom Park Recreation Area Project Fund #190,
and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the
amount of $16,000 to fund such Project, such funds to be placed into the Recreation Area
Improvement Project Fund#190 to be established in accordance with this Resolution and the Town
Board further directs that in the event there are funds remaining in such Fund#190 after completion
of the Project or in the event that the Project is not undertaken, the moneys in Fund #190 shall be
returned to the Recreation Reserve, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby establishes initial appropriations in Expense
Account No.'s: 190-7110-2899 — Capital Construction and 001-9950-9030-0061 - Transfer to
Capital Project in the amount of $16,000 and estimated revenues in Account No.: 190-0000-
55031 in the amount of$16,000, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the
Freedom Park Recreation Area Improvement Project is an expenditure for a specific capital project
and items of equipment for which the reserve account was established, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Parks & Recreation Director and/or Town Budget Officer to take all actions necessary to effectuate
the terms of this Resolution, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive referendum in accordance with
the provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town
Clerk to publish and post such notices and take such other actions as may be required by law.
Duly adopted this 4"'day of June,2012 by the following vote:
AYES: Mr. Brewer, Mr. Stec,Mr. Montesi, Mr. Strough
NOES: None
ABSENT: Mr. Metivier