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283.2001 1 RESOLUTION AUTHORIZING ENGAGEMENT OF ENVIRONMENTAL CAPITAL LLC TO PROVIDE FINANCIAL ADVISORY SERVICES IN CONNECTION WITH PROPOSED ROUTE 9 SEWER DISTRICT EXTENSION RESOLUTION NO.: 283, 2001 INTRODUCED BY: Mr. Theodore Turner WHO MOVED ITS ADOPTION SECONDED BY: Mr. James Martin WHEREAS, the Queensbury Town Board wishes to engage the services of Environmental Capital LLC to provide financial advisory services in connection with the Town’s borrowing from the Environmental Facilities Corporation (EFC) in connection with the Town’s proposal to extend the Route 9 Sewer District, and WHEREAS, Environmental Capital LLC has offered to render these services for the amount of $15,000 contingent upon the successful completion of the financing, plus traditional reimbursable expenses, and WHEREAS, a copy of Environmental Capital LLC’s agreement dated June 21, 2001 has been presented at this meeting and is in form approved by Town Counsel, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes engagement of Environmental Capital LLC to provide financial advisory services as referenced above for an amount not to exceed $15,000 with the exception of traditional, reimbursable expenses, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute the agreement presented at this meeting and take any action necessary to effectuate the terms of this Resolution, and BE IT FURTHER, RESOLVED, that the payment for the financial advisory services shall be paid at or after the loan closing and shall be charged to the Capital Project for the District Extension which will be established by the Town Board when it approves engineering reports and authorizes the application for EFC loan funding. th Duly adopted this 9 day of July, 2001 by the following vote: AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Martin, Mr. Turner NOES : None ABSENT: None