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2008-09-10 MTG #40 SPECIAL TOWN BOARD MEETING 09-10-2008 MTG# 40 1085 SPECIAL TOWN BOARD MEETING MTG# 40 SEPTEMBER 10, 2008 RES#429-431 6:00 P.M. BOARD MEMBERS PRESENT SUPERVISOR DANIEL STEC COUNCILMAN ANTHONY METIVIER COUNCILMAN JOHN STROUGH TOWN BOARD MEMBERS ABSENT COUNCILMAN MONTESI COUNCILMAN BREWER SUPERVISOR STEC-Opened the meeting. Discussion held with Bay Ridge Volunteer Fire Company regarding heating oil spill. The purpose of the resolution is that they are looking to take out a loan that involves tax free financing it requires a public hearing to be held two weeks from tonight. RESOLUTION SETTING PUBLIC HEARING ON BAY RIDGE VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO SEEK TAX- EXEMPT FINANCING TO PAY FOR UNEXPECTED EXPENSES RELATED TO HEATING OIL SPILL RESOLUTION NO.: 429, 2008 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, the Town of Queensbury and the Bay Ridge Volunteer Fire Company, Inc. (Fire Company) have entered into an Agreement for fire protection services, which Agreement sets forth a number of terms and conditions including a condition that the Fire Company will not purchase or enter into any binding contract to purchase any piece of apparatus, equipment, vehicles, real property, or make any improvements that would require the Fire Company to acquire a loan or mortgage or use money placed in a “vehicles fund” without prior approval of the Queensbury Town Board, and WHEREAS, the Fire Company has advised the Town Board that due to a serious heating oil spill into the basement of its Fire Station resulting in the contamination of the drywell system, the Fire Company has incurred thousands of dollars of unexpected expenses related to the spill, clean-up and other related costs in the approximate amount of $200,000, and WHEREAS, the Fire Company has arranged for a 10 year tax-exempt installment loan in an amount up to $200,000 with TD Banknorth to pay for such unexpected expenses SPECIAL TOWN BOARD MEETING 09-10-2008 MTG# 40 1086 until such time that the Fire Company may be reimbursed for such expenses by insurance carrier(s), with payments on the loan to be made from the Fire Company’s operating budget, such monies already included in the Fire Company’s approved 2008 budget and Agreement with the Town, and WHEREAS, such expenses relate directly to the reconstruction or improvement of the Fire Company’s Fire Station and/or the land where the Fire Station is located, and WHEREAS, the Town Board realizes that the Fire Company had no choice but to arrange for the clean-up of and payment for the heating oil spill, and therefore the Town Board wishes to set a public hearing concerning the Fire Company’s proposed tax-exempt financing, which financing requires such a public hearing under the Internal Revenue Code, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning Bay Ridge Volunteer Fire Company’s proposed tax exempt financing to pay for unexpected expenses related to the fuel oil spill, clean-up and other related costs in the nd approximate amount of $200,000 on Monday, September 22, 2008 at 7:00 p.m., and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the Queensbury Town Clerk to publish a Notice of Public Hearing in the Post-Star Newspaper once at least ten (10) days prior to the Public Hearing. th Duly adopted this 10day of September, 2008, by the following vote: AYES : Mr. Metivier, Mr. Strough, Mr. Stec NOES : None ABSENT: Mr. Montesi, Mr. Brewer RESOLUTION ENTERING EXECUTIVE SESSION RESOLUTION NO. 430, 2008 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. John Strough RESOLVED, that the Town Board of the Town of Queensbury hereby adjourns Regular Session and enters into Executive Session for the purpose of interviews. SPECIAL TOWN BOARD MEETING 09-10-2008 MTG# 40 1087 th Duly adopted this 10 day of September, 2008, by the following vote: AYES: Mr. Strough, Mr. Stec, Mr. Metivier NOES: None ABSENT: Mr. Montesi, Mr. Brewer RESOLUTION ADJOURNING EXECUTIVE SESSION RESOLUTION NO. 431, 2008 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. John Strough RESOLVED, that the Town Board of the Town of Queensbury hereby adjourns from Executive Session and moves back into Regular Session. th Duly adopted this 10 day of September, 2008, by the following vote: AYES: Mr. Strough, Mr. Stec, Mr. Metivier NOES: None ABSENT:Mr. Montesi, Mr. Brewer RESOLUTION ADJOURNING SPECIAL TOWN BOARD MEETING RESOLTUTION NO. 432, 2008 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. John Strough RESOLVED, that the Town Board of the Town of Queensbury hereby adjourns its Special Town Board Meeting. th Duly adopted this 10 day of September, 2008, by the following vote: AYES: Mr. Stec, Mr. Metivier, Mr. Strough NOES: None ABSENT:Mr. Montesi, Mr. Brewer Respectfully Submitted, Darleen M. Dougher Town Clerk Town of Queensbury