2017-170 2017-170
Resolution Authorizing The Use Of Unassigned Fund Balance To Pay The Initial
Construction Costs, Pending The Issuance Of Serial Bonds, In Connection With The
Emergency Services Building Renovation Project
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 October
23, 2017.
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-2017-170
Q Adopted Yes/Aye No/Nay Abstain Absent
❑ Adopted as Amended Lori A.Jiava Voter Q ❑ ❑ ❑
❑ Defeated William H.Beale Seconder Q ❑ ❑ ❑
❑ Tabled William Ciccarelli Mover Q ❑ ❑ ❑
❑ Withdrawn John J.Fenton Voter Q ❑ ❑ ❑
Michael Kuzmicz Voter Q ❑ ❑ ❑
The following Resolution was introduced by Councilman Ciccarelli and seconded by
Councilman Beale.
WHEREAS, the Town Wappinger obtained a grant of$145,000 from the 2016 Dutchess County
Municipal Consolidation & Shared Services Grant Program toward the costs of making repairs and
renovations to the Town's Emergency Services Building; and
WHEREAS, by Resolution No. 2017-165, adopted on October 10, 2017, the Town Board
awarded four contracts (General Construction, HVAC Construction, Electrical Construction and
Plumbing Construction) for the construction work to complete the repairs and renovations to the
Emergency Services Building (the "Project"); and
WHEREAS, the total amount of the construction contracts for the Project are $1,655,387.00;
and
WHEREAS, the Town Board will provide funds for the Project from the grant, the issuance of
serial bonds and a portion of the unassigned fund balance in the Townwide General Fund (A); and
WHEREAS, the Town Board has yet to determine the amount of serial bonds that will be issued
for the project; and
WHEREAS, to expedite the construction, the Town Board will advance the funds necessary for
construction from the Unassigned Fund Balance of the Town's General Fund to the Capital Project Fund
for this Project and at such time that serial bonds are issued for the project, an amount equal to the value
of the serial bonds will be refunded from the Capital Project Account to the Unassigned Fund Balance;
and
WHEREAS, it is anticipated that the project will take approximately 10 months to complete.
NOW, THEREFORE, BE IT RESOLVED:
1) The recitations above set forth are incorporated in this Resolution as if fully set forth and adopted
herein.
2) The Town Comptroller is authorized and directed to establish a capital project fund to account
for the cost of construction of the Project.
3) The Town Board hereby authorizes the transfer of $1,655,387.00 from the Unassigned Fund
Balance of the General Fund (A) to the Capital Project Fund for the Project to pay for the costs
of the Project.
The Town Board intends to refund to the Unassigned Fund Balance of the General Fund (A), an
amount equal to the value of serial bonds issued for the project by a future resolution of the
Town Board.
The foregoing was put to a vote which resulted as follows:
RESULT: ADOPTED [UNANIMOUS]
MOVER: William Ciccarelli, Councilman
SECONDER: William H. Beale, Councilman
AYES: Jiava, Beale, Ciccarelli, Fenton, Kuzmicz
Dated: Wappingers Falls, New York
10/23/2017
The Resolution is hereby duly declared Adopted.
JOSSP P. PAOLONI, TOWN CLERK