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354.2003 RESOLUTION AUTHORIZING ENGAGEMENT OF GLENS FALLS NATIONAL BANK AND TRUST COMPANY AS TOWN OF QUEENSBURY’S PRIMARY DEPOSITORY RESOLUTION NO.: 354, 2003 INTRODUCED BY: Mr. Daniel Stec WHO MOVED ITS ADOPTION SECONDED BY: Mr. Roger Boor WHEREAS, the Queensbury Town Comptroller, in conjunction with Fiscal Advisors, 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 Comptroller and Fiscal Advisors evaluated and ranked all received proposals and have made a recommendation to the Town Board, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs a two-year Agreement with Glens Falls National Bank and Trust Company to serve as the Town of th Queensbury’s primary depository commencing August 5, 2003, 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 Comptroller, Fiscal Advisors and Town Counsel, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Comptroller and/or Town Counsel to take any other action necessary to effectuate the terms of this Resolution. th Duly adopted this 4 day of August, 2003, by the following vote: AYES : Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner, Mr. Stec NOES : None ABSENT: None 2