336.2009
RESOLUTION SETTING PUBLIC HEARING ON NORTH QUEENSBURY
VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO
PURCHASE A TRUCK AND TO USE TAX-EXEMPT FINANCING FOR
SUCH PURCHASE
RESOLUTION NO.: 336, 2009
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, the Town of Queensbury and the North Queensbury 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 purchase a
new 2010 Pierce Arrow XT Tanker/Pumper (Truck) to replace two (2) pieces of apparatus (1988
Ford Engine 326 and 1985 Ford Tanker 425) thereby resulting in a permanent reduction of the
Fire Company’s fleet size, as recommended by the 2009 Fire Study Report issued for the Town by
MMA Consulting Group, Inc., for the approximate purchase price not to exceed $657,348, such
purchase already included in the Fire Company’s five (5) year capital plan that forecasts future
capital needs and expenditures, including anticipated vehicles, equipment, tools, other apparatus,
facilities or improvements to facilities to be used for firematic purposes, and
WHEREAS, the Fire Company hopes to take advantage of pre-pay discounts which would
lower the amount due and amount borrowed, and
WHEREAS, once the new Truck is placed into service, the Fire Company will remove the
1988 Ford Engine 326 and 1985 Ford Tanker 425 from service and sell them, with proceeds from
the sales of the Fire Company’s replaced apparatus to be placed either: 1) against the principal of the
new, proposed Truck; 2) toward other Fire Company debt; and/or 3) into a Restricted Vehicle Fund,
and
WHEREAS, the Fire Company plans on paying for the proposed, new Truck as follows:
1.$200,000 down payment from the Fire Company’s 2009 Restricted Vehicle Fund;
2.$457,348 maximum amount of tax-exempt financing (having a six year term) with a
financial institution;
and
WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company’s
proposed purchase, as such proposed purchase is required by the Fire Company’s Agreement with the
Town, and such proposed tax-exempt financing also requires a public hearing under the Internal
Revenue Code, and
WHEREAS, the Truck will be owned and used by the Fire Company to provide fire protection
to the Town and maintained at its firehouse located on Route 9L in the Town of Queensbury, New
York,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning
North Queensbury Volunteer Fire Co., Inc.’s proposed Truck purchase delineated in the preambles of
this Resolution and the partial financing of such proposed purchase using tax-exempt financing on
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Monday, November 16, 2009 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 fourteen (14) days prior
to the Public Hearing.
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Duly adopted this 26day of October, 2009, by the following vote:
AYES : Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier
NOES : None
ABSENT: None