169.98
RESOLUTION AUTHORIZING RETENTION OF SERVICES OF
ENVIRONMENTAL CAPITAL ASSOCIATES, INC., AS FINANCIAL ADVISOR IN
CONNECTION WITH THE TOWN OF QUEENSBURY’S REFINANCING OF THE
WATER TREATMENT PLANT
RESOLUTION NO.: 169, 1998
INTRODUCED BY: Mr. Pliney Tucker
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Douglas Irish
WHEREAS, the Town Board of the Town of Queensbury wishes to retain the services of
Environmental Capital Associates, Inc., for purposes of providing financial advisory services in
connection with the Town of Queensbury’s borrowing from the Environmental Facilities Corporation
(EFC) under the Drinking Water State Revolving Fund (DWSRF) to refund a part of its existing
1995A Bonds issued for purposes that qualify under the DWSRF, and
WHEREAS, Environmental Capital Associates, Inc.(ECA) has offered to render these services
for the amount of $20,000 upon the successful completion of the borrowing, which fee will include
compensation for out of pocket expenses with the exception of any travel expenses incurred by ECA
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for traveling any distance over 50 miles outside of New York City between April 28 and the date of
the closing, and
WHEREAS, a copy of ECA’s letter-form agreement has been presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes the
retention of Environmental Capital Associates, Inc., for the purposes of providing the financial advisory
services referenced above, for an amount not to exceed $20,000 with the exception of the travel
expenses outlined above, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs
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the Town Supervisor to execute the proposed, letter-form agreement dated March 17, 1998
presented at this meeting and any other forms or documents necessary to effectuate this Resolution,
and
BE IT FURTHER,
RESOLVED, that the costs of the services provided for in this resolution shall be paid for from
the appropriate account.
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Duly adopted this 27 day of April, 1998, by the following vote:
AYES : Mr. Merrill, Mr. Irish, Mr. Turner, Mr. Tucker, Mr. Champagne
NOES : None
ABSENT: None