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413.2005 RESOLUTION SETTING PUBLIC HEARING TO CONSIDER WEST GLENS FALLS EMERGENCY SQUAD, INC.’S CONSTRUCTION OF NEW SQUAD BUILDING RESOLUTION NO.: 413, 2005 INTRODUCED BY: Mr. Theodore Turner WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, the Town of Queensbury and the West Glens Falls Emergency Squad, Inc. have entered into an Agreement for emergency services (services), which Agreement sets forth a number of terms and conditions including a condition that the Squad 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 Squad 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 Squad has presented to the Town Board a proposal to construct a new Squad building on the west side of Luzerne Road in the Town of Queensbury for a principal amount not to exceed $1.7 million and proposes to finance the construction project by acquiring a mortgage, and WHEREAS, the Squad is in negotiations for a financing agreement for the amount of $1.7 million for 20 years at a at a rate to be determined, and WHEREAS, the Town Board has determined that it is in the best interest of the Squad and Town residents to conduct a public hearing concerning the proposed construction project, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing on September th 26, 2005 at 7:00 p.m. at the Queensbury Activities Center, 742 Bay Road, Queensbury to consider approval of the West Glens Falls Emergency Squad, Inc.’s, proposed construction of a new Squad building on the west side of Luzerne Road in the Town of Queensbury for a principal amount not to exceed $1.7 million, and a corresponding amendment to theAgreement between the Town and the Squad, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Clerk to publish a Notice of Hearing in The Post-Star as required by statute, and BE IT FURTHER, RESOLVED, that after the public hearing, the Town Board will consider adoption of a Resolution approving the Squad’s incurrence of financial obligations for the construction of the Squad building with the understanding that the Town shall not, by the adoption of any Resolution, create or intend to create any assumption on the part of the Town of Queensbury of any obligation or liability for such financing and a corresponding amendment to the Agreement between the Town and the Squad. th Duly adopted this 12 day of September, 2005, by the following vote: AYES : Mr. Boor, Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None 2