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228.2023 Authorizing Marshall and Sterling Upstate, Inc for TOQ Crime and Cyber Insurance RESOLUTION AUTHORIZING MARSHALL & STERLING UPSTATE, INC. TO OBTAIN TOWN OF QUEENSBURY CRIME AND CYBER INSURANCE COVERAGES FROM TRAVELERS INDEMNITY COMPANY EFFECTIVE JULY 1, 2023 -JUNE 30, 2024 RESOLUTION NO.: 228,2023 INTRODUCED BY: Mr. Harrison Freer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. George Ferone WHEREAS, the Queensbury Town Board wishes to authorize the Town Budget Officer and Marshall & Sterling Upstate, Inc., to obtain Crime and Cyber Liability insurance coverages from The Travelers Indemnity Company effective July 1", 2023 —June 30'', 2024, in accordance with Travelers' June 14, 2023 Proposal presented at this meeting, NOW, THEREFORE, BE IT RESOLVED,that the Queensbury Town Board hereby authorizes and directs the Town Budget Officer and Marshall & Sterling Upstate, Inc.,to obtain Crime and Cyber Liability insurance coverages from The Travelers Indemnity Company effective July 1", 2023 —June 30'', 2024, in accordance with Travelers' June 14, 2023 Proposal presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documentation to effectuate such insurance coverage and the Town Supervisor and/or Town Budget Officer to take any actions necessary to effectuate the terms of this Resolution. Duly adopted this 19'h day of June, 2023, by the following vote: AYES Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone NOES None ABSENT: None