Resolution No. 286

Establishing Capital Project No. 701 SUNY Ulster – Minor Critical Maintenance - Amending The 2024-2029 Capital Project Fund – SUNY Ulster

Resolution Information

Status: 
Adopted

RESOLUTION TEXT +-

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Referred to: The Economic Development, Planning, Education, Employment, Arts and Agriculture Committee (Chairwoman Sperry and Legislators Clinton, Corcoran, Hewitt, Litts, Stewart and Walls), The Public Works, Capital Projects and Transportation Committee (Chair Nolan and Legislators Donaldson, Kovacs, Litts, and McCollough), and The Ways and Means Committee (Chairman Gavaris and Legislators Collins, Hansut, Kovacs, Nolan, and Roberts)

 

Chairwoman of the Economic Development, Planning, Education, Employment, Arts and Agriculture Committee, Megan Sperry, and Deputy Chair Herbert Litts, III offer the following:

 

WHEREAS, this resolution has been submitted at the request of the County Executive on behalf of SUNY Ulster; and

 

WHEREAS, Resolution No. 684, dated December 6, 2023, approved the advancement of capital projects for the Ulster County Community College that were included in the approved 2024-2029 Ulster County Capital Improvement program; and

 

WHEREAS, due to the aging infrastructure SUNY Ulster is in the need of funding set up for handling minor critical maintenance; and

 

WHEREAS, the $500,000 cost to for handle minor critical maintenance in 2024, would be divided as follows: $250,000 State and 250,000 Ulster County; and

 

WHEREAS, the 2024-2029 Ulster County Capital Improvement Program included funding of $500,000 for Minor Critical Maintenance; now, therefore be it

 

 RESOLVED, that Capital Project No. 701 is hereby established as follows:

 

CREATE                                        AMOUNT

 

Capital Project No. 701                  Minor Critical Maintenances         $500,000.00 

 

and, be it further

 

RESOLVED, that the 2024 Ulster County Capital Fund budget is hereby amended as follows:

 

 

 

 

 

INCREASE                                      AMOUNT

 

HH.2497.0701-2300.2550              Construction                                     $500,000.00

(App. #)                                              

 

HH.2497.0701-3500.5710              Revenue- Serial Bonds                    $500,000.00

(Rev. #),

 

and moves its adoption.

 

 

ADOPTED BY THE FOLLOWING VOTE:

 

AYES:                        NOES:             

 

 

Passed Committee: Economic Development, Planning, Education, Employment, Arts and Agriculture on ________________.

 

Passed Committee: Public Works, Capital Projects and Transportation on ________________.

 

Passed Committee: Ways and Means on ________________.

 

 

FINANCIAL IMPACT:

$500,000.00 – CAPITAL PROJECT APPROPRATIONS

$500,000.00 – SERIAL BONDS - REVENUES (50% REIMBURSABLE FROM NEW YORK STATE DORMITORY AUTHORITY)                      

 

 

***A BOND RESOLUTION WILL BE REQUIRED***

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Updated: July 8, 2024