435.2016 Set PH Qsby Central Fire Purchase of Truck RESOLUTION SETTING PUBLIC HEARING ON QUEENSBURY
CENTRAL VOLUNTEER FIRE COMPANY, INC.'S PROPOSAL
TO PURCHASE TRUCK AND USE TAX-EXEMPT
FINANCING FOR SUCH PURCHASE
RESOLUTION NO.: 435,2016
INTRODUCED BY: Mr. Doug Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr.William VanNess
WHEREAS, the Town of Queensbury and the Queensbury Central 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 it wishes to purchase a
new 2016/2017 Pierce Engine Rescue Apparatus (Truck) along with associated accessories
(tools, hose and other miscellaneous tools) to replace a 1991 Engine Rescue for the approximate
purchase price not to exceed $788,000, such purchase already included in the Fire Company's five
(5) year capital plan that forecasts future capital needs and expenditures, including anticipated
vehicles, equipment, tools, other apparatus, facilities or improvements to facilities to be used for
firematic purposes, and
WHEREAS, proceeds from the trade-in or sale of the Fire Company's replaced apparatus
would be placed against the principal of the new,proposed Truck, and
WHEREAS, the Fire Company plans on paying for the proposed,new Truck as follows:
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1. $63,000 from trade-in/sale of replaced apparatus and/or funds currently budgeted in the
current Fire Company Agreement.;
2. $225,000 from Vehicle Reserve funds; and
3. Approximately $500,000 maximum amount of tax-exempt financing having a 15 year
term with Glens Falls National Bank and Trust Company; and
WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company's
proposed purchase, as Town Board approval of such proposed purchase is required by the Fire
Company's Agreement with the Town, and such proposed tax-exempt financing requires a public
hearing under the Internal Revenue Code, and
WHEREAS, the Truck will be owned and used by the Fire Company to provide fire protection
to the Town and maintained at its firehouse located at 17 Lafayette Street in the Town of Queensbury,
New York,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the
Queensbury Central Volunteer Fire Co., Inc.'s proposed Truck purchase delineated in the preambles of
this Resolution and the partial financing of such proposed purchase using tax-exempt financing on
Monday, January 9t', 2017 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 fourteen(14) days prior
to the Public Hearing.
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Duly adopted this 19�1'day of December, 2016,by the following vote:
AYES Mr. Irish, Mr. VanNess, Mr. Strough, Mr. Metivier, Mr. Clements
NOES None
ABSENT: None
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