AT A SPECIAL / REGULAR MEETING OF THE BOARD OF TRUSTEES OF THE

INCORPORATED VILLAGE OF MUNSEY PARK HELD ON January 30, 2023:

A RESOLUTION OF THE BOARD OF TRUSTEES OF THE INCORPORATED VILLAGE OF MUNSEY PARK AUTHORIZING THE TRANSFER OF CERTAIN VILLAGE FUNDS TO A CERTIFICATE OF DEPOSIT.

 

WHEREAS, the First National Bank of Long Island is designated as the official bank for the Incorporated Village of Munsey Park;

WHEREAS, The Incorporated Village of Munsey Park maintains a checking account with the First National Bank of Long Island, comprised of Village money, used in conducting the regular business of the Village;

WHEREAS, the money in the checking account can produce a higher yield being held in Certificates of Deposit (hereinafter referred to as “CD”);

WHEREAS, current yields on certificates of deposit with the First National Bank of Long Island are 4.03% APY for a three (3) month CD;

WHEREAS, gaining a higher yield through a short-term CD is in the best interests of the Village and it’s residents;

NOW, THEREFORE, BE IT RESOLVED that the INCORPORATED VILLAGE OF MUNSEY PARK:

That one million dollars ($1,000,00.00) dollars from the Village’s Checking Account be transferred to a three (3) month CD with the First National Bank of Long Island, at the rate set forth above;

 

The forgoing resolution was moved by Antonio D’Angelo and seconded by Lawrence Ceriello, and adopted as follows:

 

Mayor Larry Ceriello:             AYE

            Deputy Antonio D’Angelo:    AYE

            Trustee Regina Im:                 ABSTAIN

            Trustee Greg LiCalzi:             AYE

            Trustee Joseph Williams:        ABSTAIN

 

                                                                                   ______________________________           

                                                                                    Larry Ceriello, Mayor

                                                                                    Incorporated Village of Munsey Park

Dated: _______________ 

Filed:   ________________

STATE OF NEW YORK   }

                                                }ss.:

COUNTY OF NASSAU     }

 

I, Tara Gibbons, Clerk of the Incorporated Village of Munsey Park, New York, do hereby certify that I have compared the foregoing copy of this Resolution with the original on file in my office, and that the same is a true and correct transcript of said original Resolution and of the whole thereof, as duly adopted by said Board of Trustees at a meeting duly called and held at the Village Hall _______________________, 2021, by the required and necessary vote of the members to approve the Resolution.

 

WITNESS My Hand and the Official Seal of the Incorporated Village of Munsey Park, New York, this _______ day of ___________,                             

                                                                                    ____________________________

                                                                                    Village Clerk

                                                                                    Incorporated Village of Munsey Park

 

(Signed resolution is available at Village Hall)

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Authortara gibbons