077.2009RESOLUTION AUTHORIZING AGREEMENT BETWEEN
TOWN OF QUEENSBURY AND NYSEG SOLUTIONS, INC. REGARDING
LOCK-IN RATE FOR SUPPLY OF ELECTRICITY
RESOLUTION NO. 77, 2009
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, by Resolution No.: 475,2001, the Queensbury Town Board authorized an
Agreement between the Town and NYSEG Solutions, Inc., (NYSEG) regarding the supply of
electricity, and
WHEREAS, NYSEG has offered the Town a "lock-in rate" for a one or two year term for the
purchase of electricity which could result in financial savings for the Town, and
WHEREAS, the Town Board has received a recommendation from an independent consultant
to enter into such lock-in rate with NYSEG as the consultant feels that the Town could realize such
cost savings, and
WHEREAS, the Town Board concurs with such recommendation and wishes to lock-in its
electricity rates for a one year period, and
WHEREAS, a proposed Agreement regarding such lock-in rate between the Town and
NYSEG has been presented at this meeting
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes the
Agreement between the Town and NYSEG Solutions, Inc., regarding the lock-in rate for a one year
term for the supply of electricity substantially in the form presented at this meeting and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the Agreement with NYSEG and authorizes and directs the Town Supervisor and/or Town
Budget Officer to take such other and further action necessary to effectuate the terms of this
Resolution.
Duly adopted this 23rd day of February, 2009, by the following vote:
AYES Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES :None
ABSENT: None