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
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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.
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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
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