172.2012 Freedom Park Project #190 Capital Reserve 61 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 24t`, 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 4h day of June, 2012 by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Montesi, Mr. Strough
NOES: None
ABSENT: Mr. Metivier