RESOLUTION NO. 361
AUTHORIZING AN AGREEMENT WITH M&T BANK FOR BANKING SERVICES
Introduced: 10/13/26
By Audit and Finance Committee:
WHEREAS, The Albany County Comptroller has requested authorization to enter into an agreement with M&T Bank regarding banking services for Albany County for a term commencing January 1, 2027 and ending December 31, 2029, with two one-year options to renew, and
WHEREAS, The Albany County Purchasing Agent in cooperation with the Comptroller and Commissioner of Management and Budget issued a Request for Proposals regarding banking services for Albany County, and
WHEREAS, The Comptroller and Commissioner of Management and Budget have reviewed the responses of three institutions that were received and considered criteria such as comprehension of work and scope of services; total price and yield on investments; experience with similar projects; demonstrated capabilities including location, financial solvency and equipment; and length of time in business, and
WHEREAS, It has been recommended that a contract for banking services be awarded to M&T Bank based on a comparison of the criteria set forth above, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into an agreement with M&T Bank, Albany, NY 12207 for such banking services as are required by the Comptroller and Commissioner of Management and Budget for a term commencing January 1, 2027 and ending December 31, 2029, with two one-year options to renew, and, be it further
RESOLVED, That the County Attorney is authorized to approve said agreement as to form and content, and, be it further
RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of this resolution to the appropriate County Officials.