411.2006
RESOLUTION AUTHORIZING ENGAGEMENT OF GLENS FALLS
NATIONAL BANK AND TRUST COMPANY AS
TOWN OF QUEENSBURY’S PRIMARY DEPOSITORY
RESOLUTION NO.: 411, 2006
INTRODUCED BY: Mr. Richard Sanford
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the Town of Queensbury’s Budget Officer requested proposals from qualified
commercial banks to provide banking services for the Town, such services to include handling of the
Town’s primary deposit accounts, and
WHEREAS, the Town’s Budget Officer evaluated and ranked all received proposals and has
made a recommendation to the Town Board,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs a one-year
Agreement with Glens Falls National Bank and Trust Company to serve as the Town of
nd
Queensbury’s primary depository commencing August 22, 2006, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute an agreement with Glens Falls National Bank and Trust Company which incorporates the
requirements of the Town’s Request for Proposals and the terms of Glens Falls National Bank’s
proposal, such Agreement to also be in a form satisfactory to the Town’s Budget Officer and
Town Counsel, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Budget Officer and/or Town Counsel to take any other action necessary to effectuate the terms of
this Resolution.
st
Duly adopted this 21 day of August, 2006 by the following vote:
AYES : Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer
NOES : None
ABSENT: None
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