318.2022 Authorizing Participation Agreement Q and JP Morgan Chase Bank RESOLUTION AUTHORIZING PARTICIPATION AGREEMENT
BETWEEN TOWN OF QUEENSBURY AND JP MORGAN CHASE BANK,
N.A. REGARDING ISSUANCE OF PURCHASING SERVICES
RESOLUTION NO.: 318,2022
INTRODUCED BY: Mr. George Ferone
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Harrison Freer
WHEREAS, by Resolution No.: 431,2014, the Queensbury Town Board authorized a
Participation Agreement with Citibank, N.A., regarding the issuance of purchasing services, such
services being at no cost to the Town of Queensbury, and
WHEREAS, the New York State Contract for credit cards has been awarded to JP Morgan
Chase Bank, N.A., and therefore, the Town Board believes it to be in the public interest to authorize
such a Participation Agreement with JP Morgan Chase Bank,N.A., and
WHEREAS, a proposed Participation Agreement is presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes a
Participation Agreement between the Town of Queensbury and JP Morgan Chase Bank, N.A.,
regarding the issuance of purchasing services, such Participation Agreement substantially in the form
presented at this meeting and/or to be in form acceptable to Town Counsel and/or the Town Budget
Officer, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute such Participation Agreement and any other necessary documentation and authorizes and
directs the Town Supervisor, Town Budget Officer and/or Town Counsel to take such other and
further action necessary to effectuate the terms of this Resolution.
Duly adopted this 12t'day of September, 2022,by the following vote:
AYES Mr. Metivier, Mr. Freer, Mr. Ferone, Mr. Strough
NOES None
ABSENT: Mr. McNulty