399.2009
RESOLUTION SETTING PUBLIC HEARING ON
SOUTH QUEENSBURY VOLUNTEER FIRE COMPANY, INC.’S
PROPOSAL TO PURCHASE A TRUCK AND TO USE
TAX-EXEMPT FINANCING FOR SUCH PURCHASE
RESOLUTION NO.: 399, 2009
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, the Town of Queensbury and the South 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 Engine Pumper Tanker (Truck) to replace a current piece of apparatus (E307), 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 $575,000, 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, proceeds from the sale of the Fire Company’s replaced apparatus would be
applied to its highest rate debt, and
WHEREAS, the Fire Company plans on paying for the proposed, new Truck by entering into
an approximately $575,000 maximum amount of tax-exempt financing (having a 10 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 409 Dix Avenue in the Town of Queensbury,
New York,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning
South Queensbury Volunteer Fire Co., Inc.’s proposed Truck purchase delineated in the preambles of
this Resolution and the financing of such proposed purchase using tax-exempt financing on Monday,
th
January 11, 2010 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.
st
Duly adopted this 21 day of December, 2009, by the following vote:
AYES: Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough
NOES: None
ABSENT: Mr. Brewer