091.2002
RESOLUTION AUTHORIZING AWARD OF CONTRACT FOR
ADMINISTRATION OF THE TOWN OF QUEENSBURY’S DEFERRED
COMPENSATION PLAN TO HARTFORD LIFE INSURANCE COMPANY
RESOLUTION NO.: 91, 2002
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, in accordance with New York State Finance Law §5 and the New York State
Deferred Compensation Board Regulations, the Queensbury Town Board previously adopted and
currently administers the Deferred Compensation Plan for Employees of the Town of Queensbury, and
WHEREAS, the Town’s Deferred Compensation Committee accepted and reviewed proposals
for administration of the Town’s Deferred Compensation Plan for a five-year contract period as set
forth in §9003 of Subtitle II, Title 9 NYCRR, and
WHEREAS, the Deferred Compensation Committee has recommended that the Town Board
award the contract to Hartford Life Insurance Company as Administrative Services Agency and
Financial Organization in accordance with §9003 of Subtitle II, Title 9 NYCRR,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby awards the contract for administration
of the Town’s Deferred Compensation Plan for a five-year contract period to Hartford Life Insurance
Company as Administrative Services Agency and Financial Organization in accordance with Section
9003 of subtitle II, Title 9 NYCRR, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute all necessary documentation to contract with Hartford Life for administrative and financial
services for the Town’s Deferred Compensation Plan for the period January 29, 2002 or as soon
thereafter as possible through January 29, 2007, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town
Comptroller and/or Town Counsel to file this Resolution, make any necessary notifications and take
any and all actions necessary to effectuate the terms of this Resolution.
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Duly adopted this 28 day of January, 2002, by the following vote:
AYES : Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner, Mr. Stec
NOES : None
ABSENT: None
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