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210.2001 RESOLUTION SETTING PUBLIC HEARING ON WEST GLENS FALLS VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO PURCHASE ONE (1) 2002 CUSTOM ENGINE TANDEM AXLE TRUCK RESOLUTION NO.: 210, 2001 INTRODUCED BY: Mr. James Martin WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, the Town of Queensbury and the West Glens Falls 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 replace its 1988 Saulsbury Truck by purchasing one (1) 2002 Custom Engine Tandem Axle Truck for the approximate sum of $430,000, and WHEREAS, the Fire Company plans on selling its 1988 Saulsbury Truck and using the proceeds to cover payments for the new truck purchase from the time of tentative delivery until a new fire protection services agreement with the Town takes effect in 2003, with any additional proceeds from the truck sale being deposited back into the restricted vehicle fund, and WHEREAS, the Fire Company plans to enter into a Lease Purchase Agreement with a local commercial bank for $ 423,000 for a term of ____ years at a competitive market interest rate commensurate with the Fire Company’s tax exempt status, and WHEREAS, the Town Board wishes to set a public hearing concerning the proposed truck purchase, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the proposed purchase of a new 2002 Custom Engine Tandem Axle Truck by the West Glens Falls st Volunteer Fire Company, Inc. on May 21, 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 7 day of May, 2001, by the following vote: AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brewer NOES : Mr. Brower ABSENT: None