Town Funds Moved From Canandaigua Bank – FingerLakes1.com Archive

You can take a good portion of “Canandaigua” out of the Canandaigua National Bank. Town Supervisor Lloyd Kinnear Tuesday night announced that the majority of the town’s banking is being done through Key Bank now. Kinnear says 3 different financial institutions were evaluated, and Key Bank was chosen because the interest income would amount to an additional 75 thousand dollars annually for the Town. Overall, about 6 million dollars in town funds have been switched over. Kinnear says Key will also handle payroll services for the town free of charge. USA Payroll had been providing that service. Because the announcement was made at night, Canandaigua National Bank officials have not been contacted for comment.The Canandaigua Town Board also awarded a 20 thousand dollar contract to Passero Associates to develop a town Parks and Recreation Master Plan. The board also voted to create a town Parks and Recreation Committee of about a dozen members to work on the development of the master plan. The parks and rec master plan has been central in discussions about the town’s recreation fee. In January, the Town Board voted to increase the recreation fee, charged to new residential units built in the town, to 3 thousand dollars. The board rescinded that vote, saying there should be more time devoted to outlining the town’s plans for parkland. Supervisor Lloyd Kinnear indicated he expects the Master Plan to be completed by mid-October.