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338.2011 Beekman, Bogart, Pollazzo Court RESOLUTION AUTHORIZING RELEASE OF ESCROW FUNDS TO AMEDORE LAND DEVELOPERS, LLC IN CONNECTION WITH DEDICATION OF BEEKMAN PLACE, BOGART COURT AND POLLAZZO COURT IN HAVILAND ROAD SUBDIVISION RESOLUTION NO.: 338, 2011 INTRODUCED BY: Mr. John Strough WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Anthony Metivier WHEREAS, by Resolution No.: 280,2007 the Queensbury Town Board authorized the dedication of Beekman Place, Bogart Court and Pollazzo Court (roads) in the Haviland Road Subdivision and at the time of dedication, Amedore Land Developers, LLC provided the Town with a $46,000 cash escrow to ensure completion of the roads, such sum to be held in escrow in accordance with the terms of an Escrow Agreement, and WHEREAS, as required by the Escrow Agreement, the Town deposited the $46,000 in an interest bearing account, and WHEREAS, the Town’s Highway Superintendent has advised the Town Board that the roads have been completed to the Highway Superintendent’s satisfaction in accordance with the Escrow Agreement, and therefore has requested that the monies held by the Town be released, and WHEREAS, the Town Board wishes to therefore authorize the refund of funds currently held in escrow to the Developer as required by the Escrow Agreement, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the return of escrow funds to Amedore Land Developers, LLC in connection with the dedication of Beekman Place, Bogart Court and Pollazzo Court (roads) in the Haviland Road Subdivision, which sum shall be the amount of $46,000 plus any earned interest, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to take such other and further action necessary to effectuate the terms of this Resolution. st Duly adopted this 21 day of November, 2011, by the following vote: AYES: Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough NOES: None ABSENT: None