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124.2022 RESOLUTION AUTHORIZING CAPITAL PARK IMPROVEMENT PROJECTS RESOLUTION AUTHORIZING CAPITAL PARK IMPROVEMENT PROJECTS, INCREASES IN PARK IMPROVEMENT PROJECTS AND WITHDRAWALS FROM CAPITAL RESERVES #61 AND #64 RESOLUTION NO.: 124,2022 INTRODUCED BY: Mr. George Ferone WHO MOVED ITS ADOPTION SECONDED BY: Mr.Anthony Metivier WHEREAS, the Queensbury Town Board previously established Capital Reserve Funds known as the Recreation Reserve No. 61 (Fund No. 61) and Capital Reserve No. 64 (Fund No. 64) for future capital projects, and WHEREAS, by Memorandum to the Town Board dated March 14, 2022, the Queensbury Recreation Commission requested funding approval for proposed specific capital improvements and certain maintenance projects at several of the Town Parks (Projects), and WHEREAS, the Town Board wishes to authorize such Projects and the withdrawal and expenditure of moneys from Reserve Nos. 61 and 64 in the total estimated amount of$478,000 as follows: Park Location Capital Proiect Cost Est. Funding Source Pro'ect No. Ca ital Reserve No. Gurney Lane Rec Area 157 $355,000 64 Jenkinsville Park 138 $30,000 61 Hudson Pointe Preserve 145 $18,000 61 Rush Pond Trail 166 $45,000 61 Hudson River Park 107 $12,000 61 Glen Lake Launch 140 $18,000 61 TOTAL PROJECT $478,000 ESTIMATES and WHEREAS, in accordance with New York State General Municipal Law §6(c), the Town Board is authorized to withdraw and expend funds from Reserves 461 and 464 subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby finds that the withdrawal and expenditure for the specific capital improvements and certain maintenance projects (Projects) as delineated in the preambles of this Resolution are expenditures for specific capital projects and certain maintenance projects for which the Reserve Accounts were established and therefore authorizes and expenditures in the total estimated amount of$478,000 ($123,000 from Reserve 461 and $355,000 from Reserve 464), as follows: Park Location Capital Proiect Cost Est. Funding Source Pro'ect No. Ca ital Reserve No. Gurney Lane Rec Area 157 $355,000 64 Jenkinsville Park 138 $30,000 61 Hudson Pointe Preserve 145 $18,000 61 Rush Pond Trail 166 $45,000 61 Hudson River Park 107 $12,000 61 Glen Lake Launch 140 $18,000 61 TOTAL PROJECT $478,000 ESTIMATES as set forth in the Queensbury Recreation Commission's March 14, 2022 Memorandum presented at this meeting, and BE IT FURTHER, 2 RESOLVED,that the Town Board hereby authorizes: 1. a transfer from Reserve No.: 61 in the amount of$123,000; and 2. a transfer from Reserve No.: 64 in the amount of$355,000; to fund such Projects, such respective fund amounts to be placed into the respective Park Improvement Project Funds,reopening them as may be necessary,and the Town Board further directs that in the event there are funds remaining in such Funds after completion of the Project(s) or in the event that the Project(s) are not undertaken, the moneys in such Funds shall be returned to the Reserve(s), and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Board Officer to increase appropriations and estimated revenues, amend the Budget and take all actions as may be necessary to fund such Projects as authorized, and BE IT FURTHER, RESOLVED,that the Town Board further authorizes and directs the Town Purchasing Agent to publish any needed advertisement(s) for bids for capital improvements and/or items of equipment related to the Projects funded by this Resolution as deemed applicable or required based upon the Town's Purchasing Policy or the General Municipal Law, 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 3 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 21"day of March, 2022 by the following vote: AYES Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone NOES None ABSENT None 4