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241.2003 RESOLUTION DESIGNATING CHARTER ONE BANK AND TROY COMMERCIAL BANK AS APPROVED DEPOSITORIES RESOLUTION NO.: 241, 2003 INTRODUCED BY: Mr. Theodore Turner WHO MOVED ITS ADOPTION SECONDED BY: Mr. Roger Boor WHEREAS, by Resolution No.: 6,2003, the Queensbury Town Board authorized certain Town banking transactions and internet-based banking services and designated certain banks as approved Depositories of Town funds, and WHEREAS, the Town Comptroller has recommended that the Town Board add two banks to the Town’s list of approved depositories in an effort to obtain more competitive banking rates and services, and WHEREAS, the Town Board concurs with the Town Comptroller’s recommendation, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby designates Charter One Bank and Troy Commercial Bank as approved Depositories for the Town of Queensbury and authorizes and directs the Town Comptroller to make the necessary arrangements to add Charter One Bank and Troy Commercial Bank to the list of banks able to serve as Depositories of Town Funds, provided that such Banks first enter into Third Party Custodian Agreements that comply with the requirements and recommendations of the New York State Comptroller, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute such Third Party Custodian Agreements and authorizes and directs the Town Supervisor and/or Town Comptroller to sign any other documentation and take all action necessary to effectuate the terms of this Resolution. th Duly adopted this 5 day of May, 2003, by the following vote: AYES : Mr. Boor, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower NOES : None ABSENT: None