297.2011 BayRidge Rescue expan. and agreement
RESOLUTION SETTING PUBLIC HEARING TO CONSIDER FINANCING
FOR BAY RIDGE RESCUE SQUAD, INC.’S BUILDING EXPANSION AND
2012 – 2014 EMERGENCY AMBULANCE SERVICES AGREEMENT
RESOLUTION NO.: 297, 2011
INTRODUCED BY: Mr. Anthony Metivier WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
§
WHEREAS, in accordance with Town Law 184, the Queensbury Town Board may contract
with ambulance services certified or registered in accordance with Public Health Law Article 30 for
general emergency ambulance services within the Town, and
WHEREAS, the general emergency ambulance services Agreement (Agreement) currently in
effect between the Town of Queensbury and the Bay Ridge Rescue Squad, Inc. (Squad) will expire on
December 31, 2011, and
WHEREAS, the Town and the Squad have negotiated terms for a new three (3) year
Agreement, and
WHEREAS, the 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 without prior approval of the Queensbury Town Board, and
WHEREAS, the Squad has presented to the Town Board a proposal to construct an expansion
of its building at 1109 Ridge Road for a principal amount not to exceed $428,971 and proposes to
finance the expansion project through tax-exempt financing provided under §150(e) of the Internal
Revenue Code of 1986, as amended, and
WHEREAS, the Squad plans to negotiate with local banksto enter into a financing agreement
for an amount not to exceed $428,971 for 20 years at a market rate expected to be approximately
1.98% for the first year and 2.98% for years 2-5, and this financing arrangement is intended to qualify
as tax-exempt under §150(e) of the Internal Revenue Code of 1986 as amended, if tax-exempt
financing is available, and, if not, non tax-exempt financing is estimated to be approximately 3.75%,
and
WHEREAS, in accordance with §150(e)(3) and §147(f) of the Internal Revenue Code of
1986, as amended, the Squad has requested that the Town Board conduct a public hearing to authorize
approval of the financing and the Town Supervisor to execute approval of the financing to comply with
the statutory requirements, and
WHEREAS, the Town Board has determined that it is in the best interest of the Squad and
Town residents as required by the Internal Revenue Code to conduct a public hearing concerning the
proposed expansion project, and
WHEREAS, in accordance with Town Law §184, the Town Board also wishes to set a public
hearing concerning the proposed 2012-2014 Agreement for emergency ambulance services,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing on Monday,
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October 17, 2011 at 7:00 p.m. at the Queensbury Activities Center, 742 Bay Road, Queensbury to
consider approval of the financing of Bay Ridge Rescue Squad, Inc.’s, proposed building expansion at
1109 Ridge Road for a principal amount not to exceed $428,971 and the proposed 2012-2014
emergency ambulance services Agreement, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Clerk to publish a Notice
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of Hearing in The Post-Star as required by statute at least fourteen (14) days before the hearing, and
BE IT FURTHER,
RESOLVED, that the notice shall be in substantially the following form:
"NOTICE IS HEREBY GIVEN that the Queensbury Town Board shall conduct a
public hearing at the Queensbury Activities Center, 742 Bay Road, Queensbury, New
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York on Monday, October 17, 2011 at 7:00 p.m. The public hearing, as required by
§150(e)(3) and §147(f) of the Internal Revenue Code, shall be for the purpose of
considering the adoption of a Resolution approving issuance of a tax-exempt bond by
the Bay Ridge Rescue Squad, Inc. in a principal amount not to exceed $428,971, the
purpose of which is to finance a building expansion for the housing and administration
of the equipment and activities of the Bay Ridge Rescue Squad, Inc., as related to its
obligation under its emergency ambulance services agreement with the Town of
Queensbury. The facility shall be owned, operated, and managed by the Bay Ridge
Rescue Squad, Inc., and the location of the facility shall be at 1109 Ridge Road,
Queensbury. And at such time the Town Board shall also hear all interested persons
concerning the Squad’s proposed 2012-2014 emergency ambulance services
Agreement with the cost of such services to be $192,435 for 2012, $204,135 for 2013
and $204,135 for 2014 per year."
and
BE IT FURTHER,
RESOLVED, that the Town Board will, after the public hearing, consider adoption of a
Resolution approving the Squad's incurrence of financial obligations for the building expansion, with
the understanding that the Town of Queensbury shall not, by the adoption of any Resolution, create or
intend to create any assumption on the part of the Town of Queensbury of any obligation or liability for
such financing, other than that which may exist by virtue of the Agreement entered into between the
Town of Queensbury and the Squad for emergency ambulance services.
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Duly adopted this 26 day of September, 2011, by the following vote:
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AYES: Mr.Stec, Mr. Metivier, Mr. Strough, Mr. Brewer
NOES: None
ABSENT: Mr. Montesi
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