221.2023 Authoring Positive Pay Service Agreement with GFNB RESOLUTION AUTHORIZING POSITIVE PAY SERVICE AGREEMENT
WITH GLENS FALLS NATIONAL BANK AND TRUST COMPANY
RESOLUTION NO.: 221,2023
INTRODUCED BY: Mr. Harrison Freer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. George Ferone
WHEREAS, at the recommendation of the Town Budget Officer, the Queensbury Town
Board wishes to enter into a Positive Pay Service Agreement with Glens Falls National Bank and
Trust Company (Bank), whereby the Bank will import an Electronic Issue File detailing the
checks issued on the Town's accounts and perform a comparison of checks presented for
payments against the checks in the Issue File, and
WHEREAS, such proposed Agreement is presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the Positive Pay Service
Agreement with Glens Falls National Bank and Trust Company as delineated in this Resolution,
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to sign
such Agreement substantially in the form presented at this meeting along with any other needed
documentation and the Town Supervisor and/or Town Budget Officer to take any and all action
necessary to effectuate the terms of this Resolution.
Duly adopted this 19t'day of June, 2023,by the following vote:
AYES Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone
NOES None
ABSENT: None