269.99
RESOLUTION AUTHORIZING INCURRENCE OF DEBT BY
WEST GLENS FALLS VOLUNTEER FIRE COMPANY, INC.
RESOLUTION NO.: 269, 99
INTRODUCED BY: Mr. Pliney Tucker
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, the Town of Queensbury previously established a Fire Protection District within
the Town and has provided for fire protection within the District by contracting with the Town’s five
(5) fire companies, including the West Glens Falls Volunteer Fire Company, Inc. (Fire Company), and
WHEREAS, the Fire Company, after evaluating its fire-fighting equipment needs, sold its 1988
Saulsbury truck, Engine 313, for $70,000 and contracted to purchase a 1975 Sutphen tower ladder
truck for $70,000, and
WHEREAS, the Fire Company has estimated that it will cost $30,000 to refurbish this truck
and once the truck is refurbished, the useful life of the ladder truck will be approximately 10 years, and
WHEREAS, the Fire Company has arranged for a $30,000, five year installment loan with
Glens Falls National Bank for refurbishment purposes and the Fire Company plans to repay the loan by
using its fundraising proceeds, not funds it receives from the Town, and
WHEREAS, the Town wishes to adopt a Resolution authorizing the incurrence of this debt by
the Fire Company,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby approves of the
incurrence of $30,000 in debt by the West Glens Falls Fire Company, Inc. to refurbish the Fire
Company’s newly purchased 1975 Sutphen tower ladder truck, with the understanding that, 1) the
Town Board is relying upon the Fire Company’s assurances that the ladder truck is serviceable and
suitable for use, and 2) the Fire Company will repay the $30,000 loan with non-Town funds, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee the debt with Glens Falls
National Bank on behalf of the Fire Company, nor does the Town Board imply acceptance of the Fire
Company’s proposed 2000 budget request nor any contract language changes, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Controller’s Office
to take any necessary action to effectuate the terms of this Resolution.
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Duly adopted this 16 day of August, 1999, by the following vote:
AYES : Mr. Turner, Mr. Tucker, Mr. Merrill, Mr. Champagne
NOES : None
ABSENT: Mr. Irish