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4.25 4.25 FIRE AND RESCUE\Bay Ridge North Qby Rescue-Set Public Hearing on Tax Exempt Loan for Ambulance Purchase—3-20-2023 RESOLUTION SETTING PUBLIC HEARING ON BAY RIDGE RESCUE SQUAD, INC. DBA: QUEENSBURY EMERGENCY MEDICAL SERVICES'S PROPOSAL TO PURCHASE AMBULANCE AND USE TAX-EXEMPT FINANCING FOR SUCH PURCHASE RESOLUTION NO.: ,2023 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, by prior Resolution, in accordance with New York State Public Health Law Article 30, the Queensbury Town Board approved the Year 2023 Emergency Ambulance Services Agreement(Agreement)between the Town of Queensbury and the Bay Ridge Rescue Squad, Inc. and North Queensbury Rescue Squad, Inc., and their successor after consolidation, with the name of the consolidated Rescue Squad currently expected to be named the `Bay Ridge Rescue Squad, Inc., DBA: Queensbury Emergency Medical Service,"(Squad), and WHEREAS, such Agreement for general emergency ambulance services within the Town 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 Town Board, and WHEREAS, the Squad has advised the Town Board that it wishes to sell its year 2016 E series ambulance for fair market value and purchase a 2024 Ford F-350 Demers Brand Ambulance at a purchase price not to exceed $300,000, and WHEREAS, the Ambulance will be owned and used by the Squad to provide general emergency ambulance services to the Town and maintained at the Squad's building located at 1109 Ridge Road in the Town of Queensbury,New York, and WHEREAS,the Squad plans on paying for the proposed,new Ambulance by using: 1. $ 20,000—approximate cash down payment; and 2. $280,000 - maximum amount of tax-exempt financing with the Adirondack Trust Company; and WHEREAS, the Town Board wishes to set a public hearing concerning the Squad's proposed purchase, as Town Board approval of such proposed purchase is required by the Squad's Agreement with the Town, and such proposed tax-exempt financing requires a public hearing under the Internal Revenue Code, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the Bay Ridge Rescue Squad, Inc., DBA: Queensbury Emergency Medical Service's proposed Ambulance purchase delineated in the preambles of this Resolution and the financing of such proposed purchase using tax-exempt financing, on Monday, April 17t', 2023 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. Duly adopted this 20t'day of March, 2023,by the following vote: AYES NOES ABSENT: