Notice of Public Hearing June 23rd Concerning Amending Chapter 41 of the Code of Putnam County Entitled “Deposit & Investment Policy” adopted by the Putnam County Legislature on June 1, 2021, by Resolution R#122.
Please register for Hearing to Amend Chapter 41 of the Code of Putnam County on June 23, 2021 3:30 PM EDT at:
https://attendee.gotowebinar.com/register/5337508144359787534
After registering, you will receive a confirmation email containing information about joining the webinar.
When: Jun 23, 2021 06:30 PM Eastern Time (US and Canada)
Register in advance for this meeting:
https://zoom.us/meeting/register/tJMqcuuqrzwqH9zBhWSp13ytLNDx9DKadQ7m
After registering, you will receive a confirmation email containing information about joining the meeting.
NOTICE IS HEREBY GIVEN that a public hearing will be held before the County Executive of the County of Putnam via Audio Webcast [please check the Putnam County Website (www.putnamcountyny.gov) for the link information] on the 23rd day of June at 3:30 P.M. and again at 6:30 P.M. concerning:
A LOCAL LAW
Amending Chapter 41 of the Code of Putnam County Entitled “Deposit & Investment Policy” adopted by the Putnam County Legislature on June 1, 2021, by Resolution R#122. This Local Law Amends Section 41-5 by amending the list of banks and trust companies designated as official depositories and authorized for the deposit of monies by increasing the maximum deposit amount for JP Morgan Chase Bank NA, Key Bank, M&T, TD Bank and Webster Bank from $30,000 to $40,000; Tompkins Mahopac National Bank and PCSB Commercial Bank subsidiary of PCSB from $20,000,000 to $30,000,000; People’s United Bank NA and Sterling Bank from $10,000 to $20,000; and Signature Bank and Wells Fargo Bank from $10,000 to $40,000; and by amending Section 41-10(A)(2)(a) to read as follows: New York Liquid Asset Fund (NYLAF) – PMA Financial Network, LLC.
Copies of the Local Law are available at the Office of the Putnam County Legislature, Room 313, 40 Gleneida Avenue, Carmel, New York 10512.
At the aforesaid time and place all persons interested in the subject matter thereof will be heard concerning same. Comments will also be accepted via regular mail submitted to the above referenced address, electronic mail to maryellen.odell@putnamcountyny.gov, and facsimile to (845)808-1901.
This Local Law shall take effect immediately.
Dated: June 4, 2021
Carmel, New York
Jennifer S. Bumgarner
Putnam County Attorney
