472.2001
RESOLUTION AUTHORIZING ENGAGEMENT OF ENVIRONMENTAL
CAPITAL LLC TO PROVIDE FINANCIAL ADVISORY SERVICES
IN CONNECTION WITH TOWN’S PROPOSED
REFUNDING OF 1990B BONDS
RESOLUTION NO.: 472, 2001
INTRODUCED BY: Mr. James Martin
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
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 proposed refunding
with the Environmental Facilities Corporation of the Town’s 1990B Bonds issued in connection with
the sanitary sewer system constructed in the Central Queensbury Quaker Road Sewer District, and
WHEREAS, Environmental Capital LLC has offered to render these services for the amount of
$7,500 contingent upon the successful completion of the financing, plus customary reimbursable
expenses, and
WHEREAS, the Town Comptroller recommends engagement of Environmental Capital LLC
to provide these services, and
WHEREAS, a copy of Environmental Capital LLC’s proposal dated November 28, 2001 has
been presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes engagement of
Environmental Capital LLC to provide financial advisory services in connection with the Town’s
proposed refunding with the Environmental Facilities Corporation of the Town’s 1990B Bonds issued
in connection with the sanitary sewer system constructed in the Central Queensbury Quaker Road
Sewer District for an amount not to exceed $7,500, plus reimbursement for its reasonably incurred
expenses to be approved in advance by the Town Comptroller, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the proposal 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 appropriate account as a cost of debt issuance.
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Duly adopted this 17 day of December, 2001 by the following vote:
AYES : Mr. Brower, Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brewer
NOES : None
ABSENT: None