588.2005
RESOLUTION AUTHORIZING CONTINUED ENGAGEMENT OF GLENS
FALLS NATIONAL BANK AND TRUST COMPANY AS INVESTMENT
MANAGEMENT AGENT FOR VOLUNTEER SERVICE AWARD
PROGRAM AND AUTHORIZING UPDATED FEE SCHEDULE
RESOLUTION NO.: 588, 2005
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, by Resolution 582,2004, the Queensbury Town Board authorized the
continued engagement of Glens Falls National Bank and Trust Company as its investment
management agent of the Town of Queensbury’s Volunteer Service Award Program, and
WHEREAS, the Town Board wishes to authorize the continued engagement of Glens Falls
National Bank and Trust Company as the Town’s investment agent for the year 2006 and also approve
and authorize the new 2006 fee schedule which will increase administrative costs from $200 to $500
annually, and
WHEREAS, a copy of the new fee schedule is presented at this meeting and is in form
acceptable to the Town’s Budget Officer,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the continued
engagement of Glens Falls National Bank and Trust Company as its investment management
agent for the Town’s Volunteer Service Award Program and approves and authorizes the new
2006 fee schedule which will increase administrative costs from $200 to $500 per year, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the fee schedule presented at this meeting and any other needed documentation, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Budget Officer and/or Town Counsel to take any other action necessary to effectuate the
terms of this Resolution.
th
Duly adopted this 19 day of December, 2005, by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT: None
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