140.99
RESOLUTION AUTHORIZING REQUEST FOR PROPOSALS FOR
BANKING SERVICES
RESOLUTION NO.: 140.99
INTRODUCED BY: Mr. Douglas Irish WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Richard Merrill
WHEREAS, the Town of Queensbury currently contracts with Evergreen Bank for its banking
and deposit account services, and
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WHEREAS, the agreement with Evergreen Bank expires on June 30, 1999, and
WHEREAS, the Town Controller has recommended that the Town Board solicit proposals for
the Town’s banking services, such services to include handling of the Town’s primary deposit accounts
and related services, third-party collateralization and electronic banking, and
WHEREAS, the Town Controller has requested Town Board authorization to prepare and
distribute a Request for Proposals (RFP) to distribute to qualified commercial banks with banking
offices in the Queensbury area and Capital District,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes the Town
Controller to prepare and distribute a Request for Proposals for banking services to qualified
commercial banks in the Queensbury area and Capital District, such RFP to conform to New York
State Government Finance Officers Association specifications and recommendations and to require
that all banks submitting proposals comply with all applicable regulations of the New York State
Comptroller, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury further authorizes and directs
the Town Controller to require all banks to submit proposals by the middle of May so that the Town
Board may review the proposals and enter into an agreement for the required banking services before
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the current agreement with Evergreen Bank expires on June 30, 1999.
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Duly adopted this 19 day of April, 1999, by the following vote:
AYES : Mr. Tucker, Mr. Merrill, Mr. Turner, Mr. Irish, Mr. Champagne
NOES : None
ABSENT: Nonc