WHEREAS, the Town Board (the “Board”) of the Town of North Hempstead (the “Town”) has heretofore established a Sidewalk Fund and a Sidewalk District’s Insurance Reserve Fund (the “Insurance Reserve Fund”), pursuant to applicable law, and
WHEREAS, pursuant to Town Law §§ 112 and 113, the Board desires to transfer monies from the Sidewalk Fund’s unallocated fund balance (SM017.0909) to the Insurance Reserve Fund (SM017.0889.001), in the amount of $123,485.65, related to a settlement approved by this Board pursuant to Resolution No. 204-2024, duly adopted April 4, 2024; and
WHEREAS, after careful consideration, the Board finds it in the best interests of the Town to transfer monies from the Sidewalk Fund to the Insurance Reserve Fund as outlined above (collectively the “Transfer”).
NOW, THEREFORE, BE IT
RESOLVED that the Board hereby authorizes the Transfer from the Sidewalk Fund to the Insurance Reserve Fund as outlined above; and be it further
RESOLVED that the Offices of the Town Attorney and Comptroller are hereby directed to take such action as may be necessary to effectuate the foregoing.
Dated: Manhasset, New York
May 7, 2024
The vote on the foregoing resolution was recorded as follows:
Ayes: Councilperson Adhami, Councilperson Dalimonte, Councilperson Liu, Councilperson Scott, Councilperson Walsh, Supervisor DeSena.
Nays: None.
Absent: Councilperson Troiano.
cc: Town Attorney Comptroller |