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GlobalFoundries money will be used to build the first phase of a ballfield complex in Luther Forest, and also to make improvements at the Round Lake baseball fields.

The Town Board will vote on the town’s new youth field development plan Monday, but agreed this week to use $2.3 million in mitigation and recreation fees paid by GlobalFoundries, which is building a $4.6 billion computer chip plant in Luther Forest.

Board approval of the conceptual plans should allow initial work at the “34-Acre Woods” site in the Luther Forest Technology Campus to begin this spring.

Building the first phase there is expected to cost up to $1.8 million, while drainage and parking improvements and other work at the Dominick Pasquarelle baseball fields in Round Lake is estimated at $386,000.

Town Supervisor Paul Sausville said both projects can be paid for with money from GlobalFoundries, which is building a $4.6 billion computer chip plant at the Luther Forest Technology Campus.

The chip company gave the town $1 million toward the Luther Forest ballfields as part of a “host community benefit” package, but Sausville noted that the company also paid another $1.3 million in recreation fees, based on the size of its 1.8-million-square-foot factory.

The town also has more than $4 million in other recreation accounts that could be tapped, town Comptroller Kevin King said.

“These are just rough estimates,” he said of the cost figures developed by The LA Group.

Councilman John Hartzell suggested the town might want to consider whether to go forward with the second phase while the necessary equipment is already at the site. Phase one work doesn’t include bathrooms, a concession stand, or any other buildings.

The LA Group of Saratoga Springs, which developed the field plan, found three or four softball fields could be built on the “34-Acre Woods” site — along with an adult-size soccer field that could be subdivided for youth play and some youth-size soccer fields.

The “34-Acre Woods” is located on Rocket Way, east of the Stonebreak Road roundabout that leads to the GlobalFoundries plant.

The land was given to the town as a condition for zoning approval of the tech campus in 2004.

Malta had been looking for several years for suitable land for a recreation field complex similar to those at Clifton Commons in Clifton Park or Gavin Park in Wilton.

“I think it’s fantastic. They’ve been very receptive to our plan,” said Paul Cramer, chairman of the town Field Development Committee.

Cramer said he hopes the first phase can be built this year, and field use begin in 2012.