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314.2001 RESOLUTION APPROVING PURCHASE OF 2001 MEDTEC SATURN AMBULANCE BY BAY RIDGE RESCUE SQUAD, INC. RESOLUTION NO.: 314, 2001 INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Daniel Stec WHEREAS, the Town of Queensbury and the Bay Ridge Rescue 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 wishes to replace its 1995 ambulance and purchase one (1) 2001 Medtec Saturn ambulance for the approximate total sum of $105,155, and WHEREAS, the Squad has been guaranteed a sale price of $45,000 on its 1995 ambulance resulting in a net purchase cost of the new ambulance in the amount of approximately $60,155, and WHEREAS, the Squad wishes to use approximately $39,155 in its restricted vehicle fund toward the ambulance purchase, leaving a balance of approximately $21,000 needed for the ambulance purchase, and WHEREAS, the Town Comptroller has recommended that the Squad finance the balance of approximately $21,000 with installment debt for four (4) years, and th WHEREAS, on August 6, 2001, the Town Board held a public hearing, heard all interested persons and the Town wishes to facilitate the financing on behalf of the Squad, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves of the purchase of one (1) 2001 Medtec Saturn ambulance for the approximate sum of $105,155 by the Bay Ridge Rescue Squad, Inc., with the understanding that the Squad will sell its 1995 ambulance for the amount of $45,000 and use those funds for the purchase along with $39,155 presently in its restricted vehicle fund, and will finance the balance of approximately $21,000 with installment debt for four (4) years, and BE IT FURTHER, RESOLVED, that the Town Board hereby approves the incurring of debt on the part of the Bay Ridge Rescue Squad, Inc., provided however, that the Town Board shall not and does not by this Resolution create or intend to create any assumption on the part of the Town of Queensbury of any obligation or liability for the financing. th Duly adopted this 6 day of August, 2001 by the following vote: AYES : Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower NOES : None ABSENT: Mr. Martin