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2.1 2.1 FIRE AND RESCUE\Bay Ridge North Qby Rescue-Ambulance Purchase Incurrence of IRS Tax Exempt Financing—4-17-2023 RESOLUTION AUTHORIZING BAY RIDGE RESCUE SQUAD, INC. DBA: QUEENSBURY EMERGENCY MEDICAL SERVICES'S PROPOSAL TO PURCHASE AMBULANCE AND AUTHORIZING INCURRENCE OF TAX- EXEMPT FINANCING/DEBT FOR SUCH PURCHASE RESOLUTION NO.: ,2023 INTRODUCED BY: WHO MOVED FOR 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, Town Board approval of this proposed purchase is required by the Squad's Agreement with the Town, and the proposed tax-exempt financing requires a public hearing under the Internal Revenue Code, and WHEREAS, on Monday, April 17th, 2023, the Town Board held a public hearing concerning the Squad's proposed purchase 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, the Town Board believes that this new Ambulance will provide additional safety protection for the Town and also believes it to be necessary, financially beneficial and in the public interest to consider such financing, and WHEREAS, the Town Board therefore wishes to adopt a Resolution authorizing such Ambulance purchase and the Squad's corresponding incurrence of tax-exempt debt and financing, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves of the Bay Ridge Rescue Squad, Inc., DBA: Queensbury Emergency Medical Service (Squad)'s proposal to purchase a 2024 Ford F-350 Demers Brand Ambulance at a purchase price not to exceed $300,000 as set forth in the preambles of this Resolution, and BE IT FURTHER, RESOLVED, that the Town Board further approves of the Squad's incurrence of approximately $280,000 maximum amount of tax-exempt financing/debt for such purchase with the understanding that the Town Board is relying upon the Squad's assurance that the Ambulance is serviceable and suitable for its long-term intended use, and approves of the tax-exempt financing with the Adirondack Trust Company for the purpose of purchasing the new Ambulance and associated equipment, 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 BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Supervisor and/or Budget Officer to take any actions necessary to effectuate the terms of this Resolution. Duly adopted this 17t'day of April, 2023 by the following vote: AYES NOES ABSENT: