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262.2002 RESOLUTION AUTHORIZING BANKING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND EVERGREEN BANK RESOLUTION NO.: 262, 2002 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, by Resolution No.: 239, 1999, the Queensbury Town Board authorized a two-year Agreement with Evergreen Bank for various banking services, and WHEREAS, by Resolution No.: 255, 2001 the Queensbury Town Board authorized a th one-year extension of such Agreement to expire June 30, 2002, and WHEREAS, the Town Comptroller has recommended that the Town Board authorize another one-year extension of the Agreement with Evergreen Bank as the financial service markets are not advantageously competitive and the Town’s indexed earning rates with Evergreen Bank are highly favorable, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs a one-year extension of the Town’s current Agreement with Evergreen Bank with certain modifications as th delineated in the Town Comptroller’s June 12, 2002 letter to Evergreen Bank presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Comptroller and/or Town Supervisor to execute any agreements or documentation and take any action necessary to effectuate the terms of this Resolution. th Duly adopted this 17 day of June, 2002, by the following vote: AYES : Mr. Boor, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower NOES : None ABSENT: None 2