Audit and Finance Committee Meeting - October 1, 2026

At the Albany County Legislature Audit and Finance Committee meeting on October 1, 2026, members approved a three-year banking-services agreement with M&T Bank, with two optional one-year renewals. The county controller said money-market and checking yields would be 3.5% and 2.5%, respectively, and that service costs would be offset through compensating balances, so no charges would be incurred if balances were sufficient. Members also approved declaring 13 Binghamton Street surplus and selling part of the property to Momentum Environmental for $1.2 million. The county had acquired the surrounding parcels for $999,000; Cresa Associates, selected through an RFP and approved by the Contract Administration Board for real-estate services, brought forward Momentum’s offer, and officials reported no other offers. The committee also approved conveying 141 D Street to an adjoining property owner for $3,000.

Members approved an agreement with CDWG for audiovisual equipment for the county’s new legislative chambers, discussed as approximately $97,000. The purchase is to use ARPA funding, with the county seeking to place the order in time to meet the year-end spending deadline; officials said a reallocation of remaining funds would come before the committee the following month. Members emphasized testing the system before payment because of prior audio problems. An agreement with Legends Global for operations management and food services at the MP Arena was tabled at the county executive’s request. No other procurement outcome is clear from the transcript.