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261.2021 Authorizing Acceptance - Coronavirus Recovery Grant Funds RESOLUTION AUTHORIZING ACCEPTANCE OF AMERICAN RESCUE PLAN ACT CORONAVIRUS LOCAL FISCAL RECOVERY GRANT FUNDS AND ESTABLISHMENT OF CAPITAL PROJECT FUND NO.: 241 RESOLUTION NO.: 261, 2021 INTRODUCED BY: Mr. Harrison Freer WHO MOVED ITS ADOPTION SECONDED BY: Mr. George Ferone WHEREAS, the New York State Department of Budget (NYS DOB) previously announced the availability of funds through the American Rescue Plan Act (ARPA) to distribute Coronavirus Local Fiscal Recovery Funds (Recovery Funds) to Non-Entitlement Units (NEUs) of local government on behalf of the United States Department of the Treasury, and WHEREAS, by Resolution No.: 219,2021, the Queensbury Town Board authorized its request for Recovery Funds, and WHEREAS, the Town was notified that it was awarded $2,794,633.02 in Recovery Funds and received half of the amount, $1,397,316.51, in July 2021 and expects to receive the balance, $1,397,316.51, in July of 2022, and WHEREAS, the Town Board wishes to accept these Recovery Funds, establish ARPA Coronavirus Local Fiscal Recovery Capital Project No. 241 and establish and fund the Revenue and Expense Accounts in the total amount of $2,794,633.02, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby accepts a total of $2,794,633.02 in American Rescue Plan Act (ARPA) Coronavirus Local Fiscal Recovery Grant Funds from the New York State Department of Budget of which $1,397,316.51 has been received by the Town with the balance of $1,397,316.51 expected to be received in July of 2022, such Recovery Funds to be used in accordance with the terms and conditions to be set forth by the New York State Department of Budget and/or the Federal Government, and BE IT FURTHER, RESOLVED, that the Town Board further establishes the ARPA Coronavirus Local Fiscal Recovery Capital Project No. 241 in the total amount of $2,794,633.02 and its estimated revenues as follows:  Increase Revenue in Federal Aid For General Government Purposes Account No. 241- 0000-54089 by $2,794,633.02; and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to sign any needed grant agreement in form acceptable to the Town Supervisor, Town Budget Officer and/or Town Counsel, as well as any other associated documentation, and the Town Supervisor, Town Counsel and/or Town Budget Officer to take such other and further action necessary to effectuate the terms of this Resolution. th Duly adopted this 9 day of August, 2021, by the following vote: AYES: Mr. Freer, Mr. Ferone, Mr. McNulty, Mr. Strough NOES: None ABSENT: Mr. Metivier