283.2001
1
RESOLUTION AUTHORIZING ENGAGEMENT OF ENVIRONMENTAL
CAPITAL LLC TO PROVIDE FINANCIAL ADVISORY SERVICES IN
CONNECTION WITH PROPOSED
ROUTE 9 SEWER DISTRICT EXTENSION
RESOLUTION NO.: 283, 2001
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. James Martin
WHEREAS, the Queensbury Town Board wishes to engage the services of Environmental
Capital LLC to provide financial advisory services in connection with the Town’s borrowing from the
Environmental Facilities Corporation (EFC) in connection with the Town’s proposal to extend the
Route 9 Sewer District, and
WHEREAS, Environmental Capital LLC has offered to render these services for the amount of
$15,000 contingent upon the successful completion of the financing, plus traditional reimbursable
expenses, and
WHEREAS, a copy of Environmental Capital LLC’s agreement dated June 21, 2001 has been
presented at this meeting and is in form approved by Town Counsel,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes engagement of
Environmental Capital LLC to provide financial advisory services as referenced above for an amount
not to exceed $15,000 with the exception of traditional, reimbursable expenses, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the agreement presented at this meeting and take any action necessary to effectuate the terms
of this Resolution, and
BE IT FURTHER,
RESOLVED, that the payment for the financial advisory services shall be paid at or after the
loan closing and shall be charged to the Capital Project for the District Extension which will be
established by the Town Board when it approves engineering reports and authorizes the application for
EFC loan funding.
th
Duly adopted this 9 day of July, 2001 by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Martin, Mr. Turner
NOES : None
ABSENT: None