2018-1392018-139
Authorizing Transfer Of Funds For 2018 Permanent Paving Work
At a Regular Meeting of the Town Board of the Town of Wappinger, Dutchess County, New York, held
at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on May 30, 2018.
The meeting was called to order by Richard Thurston, Town Supervisor, and upon roll being called, the
following was recorded:
✓ Vote Record - Resolution RES -2018-139
Line
To Line
$500,000.00
B0915 Unallocated Fund
Balance
DB 5112.400 Perm Improvement, Contract
Expenditure
Yes/Aye
No/Nay
Abstain
Absent
❑ Adopted
Q Adopted as Amended
Richard Thurston
Voter
Q
❑
❑
❑
❑ Defeated
William H. Beale
Mover
Q
❑
❑
❑
❑ Tabled
Angela Bettina
Voter
Q
❑
❑
❑
❑ Withdrawn
Robert Johnston
Voter
Q
❑
❑
❑
Michael Kuzmicz
Seconder
Q
❑
❑
❑
WHEREAS, the Town Superintendent of Highways and the Town Board have agreed that it is
appropriate for the Town of Wappinger to repave 7.27 miles of Town Highways in Fiscal Year 2018; and
WHEREAS, in a memo dated May 8, 2018, the Town Superintendent of Highways provided an
estimate that was prepared with the assistance of the Engineer to the Town which concluded that cost for
resurfacing 7.27 miles of Town Highways would cost $ 1,835,702.45; and
WHEREAS, the Town Comptroller advised that there is $624,320 currently budgeted for permanent
paving work so $1,211,382.45 in additional funding is required to resurface all 7.27 miles of roads; and
WHEREAS, the Town Comptroller advised that $500,000 is available in the unallocated B Fund
balance which can be transferred for Highway Purposes because the funds have the same taxpayer base; and
WHEREAS, the Town Comptroller has advised that the remaining $712,000 should be raised by the
issuance of serial bonds;
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The Town Board hereby authorizes the following budget transfer for the 2018 permanent paving
work
AmountFrom
Line
To Line
$500,000.00
B0915 Unallocated Fund
Balance
DB 5112.400 Perm Improvement, Contract
Expenditure
2. The Town Board authorizes its bond counsel to prepare the appropriate resolutions for the issuance
of serial bonds in an amount not to exceed $1,600,000 for permanent paving work for fiscal year(s)
2018 and 2019.
The foregoing was put to a vote which resulted as follows:
RESULT: ADOPTED AS AMENDED [UNANIMOUS]
MOVER: William H. Beale, Councilman
SECONDER: Michael Kuzmicz, Councilman
AYES: Thurston, Beale, Bettina, Johnston, Kuzmicz
Dated: Wappingers Falls, New York
5/30/2018
The Resolution is hereby duly declared Adopted as Amended.
JOS/F-P/H P. PAOLONI, TOWN CLERK