4.6 4.6
AGREEMENTS\NY Class—NY Cooperative Liquid Assets Securities System—Investment Process—11-19-18
RESOLUTION AUTHORIZING COOPERATIVE INVESTMENT
AGREEMENT AND TOWN OF QUEENSBURY'S PARTICIPATION IN
NEW YORK COOPERATIVE LIQUID ASSETS
SECURITIES SYSTEM (NYCLASS)
RESOLUTION NO.: 12018
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, New York General Municipal Law Article 5-G, §119-o empowers municipal
corporations to enter into, amend, cancel and terminate agreements for the performance among
themselves or one for the other of their respective functions, powers and duties on a cooperative
or contract basis, and
WHEREAS, the Town of Queensbury wishes to invest certain of its available investment
funds in cooperation with other corporations and/or district in accordance with a municipal
cooperation agreement, and
WHEREAS, the Town Board wishes to assure the safety and liquidity of its funds,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the Cooperative Investment
Agreement in the name of and on behalf of the Town of Queensbury and the Town's participation in
the New York Cooperative Liquid Asset Securities System (NYCLASS) and authorizes and directs
the Town Supervisor to execute and deliver the Agreement as well as any other needed
documentation, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town
Counsel and/or Town Budget Officer to take such other and further action as may be necessary to
effectuate the terms of this Resolution.
Duly adopted this 19ffi day of November, 2018,by the following vote:
AYES
NOES
ABSENT :
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NYCLASS" New York Cooperative Liquid Asset Securities System
Welcome to NYCLASS
We believe you have made a sound financial decision in choosing the New York Cooperative Liquid
Assets Securities System (NYCLASS). We look forward to being your trusted provider and are excited to
connect with you to make your investment process a positive, easy experience.
This packet contains all of the materials necessary to set up your NYCLASS account(s). If you have any
questions about the registration process or about your NYCLASS account(s) please do not hesitate to
contact us. The NYCLASS Client Service team can be reached by phone toll-free at 855-804-9980 or by
email at clientservices(a)newvorkciass.or4. The NYCLASS Team can be reached any business day, 8am
to 5pm Eastern Time.
Thank you for choosing NYCLASS!
Sincerely,
The NYCLASS Governing Board
About NYCLASS
NYCLASS is a short-term, highly liquid investment fund, designed specifically for public-sector. It
provides the opportunity to invest funds on a cooperative basis in short-term investments which are
carefully selected to provide maximum safety and liquidity while generating a competitive yield.
Participation is available to any municipal corporation or special-purpose district empowered under New
York State statute, including cities, towns, villages, school districts, boards of cooperative educational
services, fire districts and counties outside of The City of New York. Also eligible are county or town
improvement districts which are required to pledge their faith and credit for debt service.
NYCLASS is subject to the terms of the October 20, 1999, CLASS Municipal Cooperation Agreement (the
Agreement), as amended March 14, 2014, and is structured in accordance with New York State General
Municipal Law (GML), Article 3-A and Article 5-G, Sections 119-n and o, and Chapter 623 of the Laws of
1998. All NYCLASS investment and custodial policies are in accordance with GML and Sections 10 and 11
(as amended by Chapter 708 of the Laws of 1992). The Agreement is between the Village of Potsdam
(Lead Participant) and each district and/or municipal corporation that formed the original NYCLASS fund,
or that subsequently elects to participate. All parties to the Agreement are collectively referred to as "the
Participants."
71717th Street,Suite 1850 T(855)804-9980 clientservices@newyorkclass.org 1
Denver,CO 80202 F(855)804-9981 www.newyorkciass.org
NYCLASS" New York Cooperative Liquid Asset Securities System
P q Y
Joining NYCLASS
In order to join NYCLASS, Participants must approve the NYCLASS Agreement by a majority vote of their
governing body. Once the Lead Participant has received and, through the Fund Administrator,
processed the fully executed Municipal Cooperation Agreement and Authorizing Resolution,the Custodian
will be notified and participation can begin.
A representative of the Fund Administrator will then inform the new Participant of the fund's
contribution, withdrawal and transfer procedures. The Administrator will also establish the bank
instructions, and answer any questions you may have.
Participants will also be informed regularly via email of the dates and locations of regional Participant
meetings. These meetings discuss the relevant issues to the governance and operations of the NYCLASS
fund.
Registration Procedures
To participate in NYCLASS, please complete the following:
1) Read the Municipal Cooperation Agreement (you may access a copy from the Document Center
Page on www.newyorkclass.ora)
2) Pass the resolution authorizing participation in NYCLASS (page 3)
3) Complete the Entity Registration (pages 4)
4) Complete the Authorized Contacts Form (page 5)
5) Complete the Account to be Established form; you may open as many account as you wish (page 6)
6) Keep the original forms for your records and send the completed packet to the NYCLASS Client
Service Team by fax 855-804-9981 or by email clientservices(abnewvorkclass.orcl
Questions, please contact us; we would love to hear from you:
NYCLASS Client Service Team
T 855-804-9980
clientservices(aDnewvorkciass.ora
71717th Street,Suite 1850 T(855)804-9980 clientservices@newyorkclass.org Z
Denver,CO 80202 F(855)804-9981 www.newyorkciass.org
NYCLASS,3
w New York Cooperative Liquid Asset Securities System
MUNICIPAL COOPERATION RESOLUTION
WHEREAS, New York General Municipal Law, Article 5-G, Section 119-o ("Section 119-o"empowers
municipal corporations [defined in Article 5-G, Section 119-n to include school districts boards of
cooperative educational services, counties, cities, town and villages] and districts to enter into, amend,
cancel and terminate agreements for the performance among themselves (or one for the other) of their
respective functions, powers and duties on a cooperative or contract basis;
WHEREAS, the wishes to invest certain of its available
Entity Name
investments funds in cooperation with other corporations and/or districts pursuant to a municipal
cooperation agreement;
WHEREAS, the Entity Name wishes to assure the safety and liquidity
of its funds;
Now, therefore, it is hereby resolved as follows:
The is hereby authorized to execute and deliver the Cooperative
Key Contact Name
Investment Agreement in the name of and on behalf of
Entity Name
Signature of Key Contact Date Title
71717th Street,Suite 1850 T(855)804-9980 clientservices@newyorkclass.org 3
Denver,CO 80202 F(855)804-9981 www.newyorkclass.org
f KIM-
CLASS8
New York Cooperative Liquid Asset Securities System
TRUST REGISTRATION
Entity Information
Entity Name (Participant)
Entity Type1:1 City/Town1:1 County nSchool District 0 Special District1:1 Other (Specify)
Mailing Address
City Zip County
Tax ID Fiscal Year (Month/Day)
NYCLASS is hereby authorized to honor any telephone, faxed or electronic request, believed to be authentic, for
withdrawal of funds from the Pool. The withdrawal proceeds can be sent only to the bank(s) indicated below unless
changed by written instructions to the Poole Each local government is responsible for notifying the Pool of any changes
to its account.
Banking Information
Bank Name Bank Routing Number (ABA)
Account Title Account Number
Bank Contact Contact's Phone Number
Additional Banking Information (Optional)
Bank Name Bank Routing Number (ABA)
Account Title Account Number
Bank Contact Contact's Phone Number
71717th Street,Suite 1850 T(855)804-9980 clientservicesCnewyorkclass.org 4
Denver,CO 80202 F(855)804-9981 www.newyorkc[ass.org
NYCLASS" New York Cooperative Liquid Asset Securities System
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AUTHORIZED CONTACTS
Key Contact and Authorized Signer
EJ Mr. El Ms.
Print First and Last Name Title
Signature Required Phone
Email Fax
Permissions Email Notifications Online Account
Authorized Signer to Move Funds Monthly Statements ❑Online User Access
Transaction Confirmations
Additional Contact (Optional)
Mr. Ms.
Print First and Last Name Title
Signature (required if authorized signer) Phone
Email Fax
Permissions Email Notifications Online Account
❑Authorized Signer to Move Funds RMonthly Statements Online User Access
❑Read Only Access Transaction Confirmations
Additional Contact (Optional)
❑Mr. Ms.
Print First and Last Name Title
Signature (required if authorized signer) Phone
Email Fax
Permissions Email Notifications Online Account
Authorized Signer to Move Funds Monthly Statements R Online User Access
RRead Only Access Transaction Confirmations
71717th Street,Suite 1850 T(855)804-9980 clientservices@newyorkclass.org 5
Denver,CO 80202 F(855)804-9981 www.newyorkclass.org
a
--NYCLass@ New York Cooperative Liquid Asset Securities System
ACCOUNTS TO BE ESTABLISHED
Entity Name
Desired NYCLASS Subaccount Name(s) Account Number (to be assigned by NYCLASS)
NY-01-
NY-01-
NY-01-
NY-01-
NY-01-
NY-01-
71717th Street,Suite 1850 T(855)804-9980 clientservices@newyorkclass.org 6
Denver,CO 80202 F(855)804-9981 www.newyorkclass.org