255.2001
RESOLUTION AUTHORIZING BANKING AGREEMENT BETWEEN
TOWN OF QUEENSBURY AND EVERGREEN BANK
RESOLUTION NO.: 255, 2001
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, by Resolution No.: 239, 1999, the Queensbury Town Board authorized a two-
year Agreement with Evergreen Bank for various banking services, and
WHEREAS, the Town Comptroller has advised that such Agreement with Evergreen Bank
will expire on June 30, 2001 but the current Agreement provides for a one-year extension at the
Town’s option, and
WHEREAS, the Town Comptroller has recommended that the Town Board authorize the
one-year Agreement extension with Evergreen Bank as the financial service markets are not conducive
to keep competition 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 at the same terms of the Agreement
authorized by Town Board Resolution No.: 239, 1999, 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.
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Duly adopted this 18 day of June, 2001, by the following vote:
AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brower
NOES : None
ABSENT: Mr. Brewer
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