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