312.2011 Approve Bay Ridge Rescue Squad Agreem
RESOLUTION APPROVING 2012 - 2014 GENERAL EMERGENCY
AMBULANCE SERVICES AGREEMENT BETWEEN TOWN OF
QUEENSBURY AND BAY RIDGE RESCUE SQUAD, INC. AND
AUTHORIZING INCURRENCE OF TAX-FREE FINANCING/DEBT
FOR BUILDING EXPANSION
RESOLUTION NO.: 312, 2011
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED FOR 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 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 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 its proposal to
finance such expansion project through tax-exempt financing provided under §150(e) of the Internal
Revenue Code of 1986, as amended, and
WHEREAS, the Squad has negotiated 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 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 determined it to be 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 and General Municipal Law §209(b), the
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Town Board scheduled and duly held a public hearing on Monday, October 17, 2011 concerning
the proposed Agreement, and in accordance with §150(e)(3) and §147(f) of the Internal Revenue
Code of 1986, as amended, the Town Board also conducted 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 of the Squad’s proposal and tax-exempt financing as required by the
Squad’s Agreement with the Town and the Internal Revenue Code, and heard all interested
persons, and
WHEREAS, a copy of the proposed Agreement has been presented at this meeting, and
WHEREAS, the Town Board believes that the building expansion will help provide for
better and additional ambulance services for the Town, and
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WHEREAS, the Town Board therefore wishes to adopt a Resolution authorizing the
2012-2014 Agreement, building expansion and the Squad’s corresponding incurrence of tax-
exempt debt,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the general emergency
ambulance services Agreement between the Town and the Bay Ridge Rescue Squad, Inc., (Squad)
for the years 2012-2014 substantially in the form presented at this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Squad’s 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
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Fire Company’s incurrence of
approximately $428,971 maximum amount in debt for such expansion, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee such debt with the
financial institution on behalf of the Squad nor does the Town Board create or intend to create
any assumption on the part of the Town of Queensbury of any obligation or liability for the
financing, and
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BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute the 2012-2014 Agreement substantially in the form presented at this meeting and the Town
Supervisor and/or Town Budget Officer to take any action necessary to effectuate all terms of
this Resolution.
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Duly adopted this 17 day of October, 2011 by the following vote:
AYES : Mr. Stec, Mr. Metivier, Mr. Strough
NOES : Mr. Brewer
ABSENT: Mr. Montesi
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