2012-051
2012-51
Resolution Authorizing Loan from the Town's B Fund to Pay for Highway Department
Operations
At a regular meeting of the Town Board ofthe Town of Wappinger, Dutchess County,
New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on January 9,
2012.
The meeting was called to order by Barbara Gutzler, Supervisor, and upon roll being
called, the following were present:
PRESENT: Supervisor
Councilmembers
Barbara Gutzler
William H. Beale
Vincent F. Bettina
Ismay Czarniecki
Michael Kuzmicz
ABSENT:
The following Resolution was introduced by Councilman Bettina and seconded by
Councilman Kuzmicz.
WHEREAS, the Town's Accountant has advised the Supervisor that the Town has not
received the CHIPS reimbursement for the 2011 financial year; and
WHEREAS, the Town's Accountant has been informed that the NYSDOT will not
process the CHIPS reimbursements until on or about March 15,2012; and
WHEREAS, real property tax revenues for fiscal year 2012 have yet to be received by
the Town; and
WHEREAS, in consequence of not receiving CHIPS reimbursement by the close of
fiscal year 2011, there are insufficient funds in the operating account for the Highway
Department to pay for Highway Department operations; and
WHEREAS, the Accountant to the Town has advised that the Town's B Fund has funds
available to loan to the Highway Department account; and
WHEREAS, the Town's Accountant recommends borrowing the sum of$150,000.00
from B Fund to pay for the operating expenses of the Highway Department, which loan will be
repaid upon the Town's receipt of the CHIPS reimbursement funds from NYSDOT, or upon
sufficient receipts from the 2012 real property tax levy.
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The recitations above set forth are incorporated in this Resolution as if fully set
forth and adopted herein.
2. The Town Board hereby authorizes a loan from the Town's B Fund to the
Highway Department operating account to pay for Highway Department
operations pending receipt of the CHIPS reimbursement funds from the
NYSDOT, or in the alternative, pending sufficient receipts from the 2012 real
property tax revenues.
3. The loan from B Fund to the Highway Department Operating Account shall be
repaid to the B Fund on the earlier occurrence of either the receipt of the CHIPS
reimbursement funds from NYSDOT, or upon sufficient receipts from the 2012
real property tax revenues.
The foregoing was put to a vote which resulted as follows:
BARBARA GUTZLER, SUPERVISOR
WILLIAM H. BEALE, COUNCILMAN
VINCENT F. BETTINA, COUNCILMAN
ISMA Y CZARNIECKI, COUNCIL WOMAN
MICHAEL KUZMICZ, COUNCILMAN
Voting:
Voting:
Voting:
Voting:
Voting:
AYE
AYE
AYE
AYE
AYE
Dated: Wappingers Falls, New York
1/9/2012
The Resolution is hereby duly declared adopted.
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CHRISTINE F ON, TOWN CLERK