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115.2001 RESOLUTION SETTING PUBLIC HEARING ON WEST GLENS FALLS EMERGENCY SQUAD, INC.’S PROPOSAL TO PURCHASE NEW AMBULANCE RESOLUTION NO.: 115, 2001 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. James Martin WHEREAS, the Town of Queensbury and the West Glens Falls Emergency Squad, Inc. (Squad) have entered into an Agreement for emergency protection 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 advised the Town Board that it wishes to replace its 1995 ambulance by purchasing one (1) 2001 Horton Type III ambulance for the approximate sum of $121,300, and WHEREAS, the Squad has been guaranteed a trade-in value of $26,000 on its 1995 ambulance and so the net purchase cost of the new ambulance will actually be approximately $95,400, and WHEREAS, although the Squad has adequate funds in its restricted vehicle fund for the ambulance purchase, the Town Comptroller has recommended that since the Squad will need to replace a Rescue Truck and incur debt within the next year, it would be beneficial for the Squad to use $45,400 from its restricted vehicle fund and borrow the balance of approximately $50,000 in order to take advantage of current low interest rates, and WHEREAS, the Town Board wishes to set a public hearing concerning the proposed ambulance purchase, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the nd proposed purchase of a new ambulance by the West Glens Falls Emergency Squad, Inc. on April 2, 2001 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 8 day of March, 2001, by the following vote: AYES : Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Martin NOES : None ABSENT: None