Loading...
2016-188 2016-188 Resolution Authorizing Transfer Of Funds For Highway Resurfacing Projects 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 June 27, 2016. The meeting was called to order by Lori A. Jiava, Town Supervisor, and upon roll being called, the following was recorded: ✓Vote Record-Resolution RES-2016-188 Q Adopted Yes/Aye No/Nay Abstain Absent ❑ Adopted as Amended Lori A.Jiava Voter Q ❑ ❑ ❑ ❑ Defeated William H.Beale Voter Q ❑ ❑ ❑ ❑ Tabled William Ciccarelli Seconder Q El El ElElWithdrawn John J.Fenton Voter ❑ Q ❑ ❑ Michael Kuzmicz Mover Q ❑ ❑ ❑ The following Resolution was introduced by Councilman Kuzmicz and seconded by Councilman Ciccarelli. WHEREAS, Highway Superintendent Bettina plans to resurface approximately five miles of Town roads this calendar year at an approximate cost of$810,000; and WHEREAS, according to the Town Accountant, there is approximately $400,000 available and on hand resulting from unspent 2014 and 2015 bond issues for highway resurfacing that can be expended immediately; and WHEREAS, it is anticipated that there is $220,000 reimbursable from the CHIPS program after the Town has completed $220,000 worth of highway resurfacing; and WHEREAS, the CHIPS program requires the Town to expend the money first and then submit for reimbursement; and WHEREAS, there is an estimated $870,000 in unallocated DB fund balance which can be applied to highway resurfacing projects. 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 transfer of$410,000 from the DB fund balance to cover the cost of highway resurfacing in calendar year 2016 and to transfer said amount from the DB fund balance to budget line D135112.400. 3. The Town Board anticipates that of the $410,000 funds transferred from the DB fund balance, approximately $220,000 thereof will be reimbursed through the CHIPS program. All funds received from 2016 CHIPS reimbursement will be transferred to DB fund balance. The foregoing was put to a vote which resulted as follows: RESULT: ADOPTED [4 TO 11 MOVER: Michael Kuzmicz, Councilman SECONDER: William Ciccarelli, Councilman AYES: Lori A. Jiava, William H. Beale, William Ciccarelli, Michael Kuzmicz NAYS: John J. Fenton Dated: Wappingers Falls, New York 6/27/2016 The Resolu ' my declared Adopted. JOSb Pf t P. PAOLONI, TOWN CLERK /