262.2002
RESOLUTION AUTHORIZING BANKING AGREEMENT BETWEEN
TOWN OF QUEENSBURY AND EVERGREEN BANK
RESOLUTION NO.: 262, 2002
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, by Resolution No.: 239, 1999, the Queensbury Town Board authorized a
two-year Agreement with Evergreen Bank for various banking services, and
WHEREAS, by Resolution No.: 255, 2001 the Queensbury Town Board authorized a
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one-year extension of such Agreement to expire June 30, 2002, and
WHEREAS, the Town Comptroller has recommended that the Town Board authorize
another one-year extension of the Agreement with Evergreen Bank as the financial service
markets are not advantageously competitive and the Town’s indexed earning rates with Evergreen
Bank are highly favorable,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs a one-year
extension of the Town’s current Agreement with Evergreen Bank with certain modifications as
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delineated in the Town Comptroller’s June 12, 2002 letter to Evergreen Bank presented at this
meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Comptroller
and/or Town Supervisor to execute any agreements or documentation and take any action
necessary to effectuate the terms of this Resolution.
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Duly adopted this 17 day of June, 2002, by the following vote:
AYES : Mr. Boor, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower
NOES : None
ABSENT: None
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