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131.2019 Authorizing Engagement of Capital Markets Advisors LLC RESOLUTION AUTHORIZING ENGAGEMENT OF CAPITAL MARKETS ADVISORS, LLC TO PROVIDE FINANCIAL ADVISORY SERVICES RESOLUTION NO.: 131, 2019 INTRODUCED BY: Mrs. Catherine Atherden WHO MOVED ITS ADOPTION SECONDED BY: Mrs. Jennifer Switzer WHEREAS, by Resolution No.: 152,2018, the Queensbury Town Board authorized engagement of the services of Environmental Capital LLC to provide financial advisory services in conjunction with any bond issue as well as continuing disclosure submission and general financial advisory services as requested and directed by the Town, and WHEREAS, Environmental Capital LLC has merged with Capital Markets Advisors, LLC (CMA) and CMA has offered to again render these financial advisory services to the Town at an hourly rate scale depending on the staff requirements of $175 - $250 per hour, plus documented out- of-pocket expenses and CMA’s fee for its Continuing Disclosure Services to be $2,500 per year as set forth in CMA’s April 2, 2019 engagement letter presented at this meeting, and WHEREAS, the Town Budget Officer recommends the engagement of CMA, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes engagement of Capital Markets Advisors, LLC (CMA) to provide the financial advisory services delineated in the preambles of this Resolution and as generally set forth in its April 2, 2019 engagement letter presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Budget Officer to amend the Town Budget and/or take any actions necessary to provide for payment of such services from the appropriate Town account(s), and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute the engagement letter in substantially the form presented at this meeting and the Town Supervisor and/or Town Budget Officer to take any other actions necessary to effectuate the terms of this Resolution. th Duly adopted this 15 day of April, 2019 by the following vote: AYES : Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone, Mrs. Switzer NOES : None ABSENT: None