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3.11 3.11 FIRE AND RESCUE\WGF EMS-Set Public Hearing on Tax Exempt Loan for a 2025 Ambulance Purchase—10-16-2023 RESOLUTION SETTING PUBLIC HEARING ON WEST GLENS FALLS EMERGENCY SQUAD, INC.'S PROPOSAL TO PURCHASE A 2025 DEMERS AMBULANCE AND USE TAX-EXEMPT FINANCING RESOLUTION NO.: ,2023 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, in accordance with New York State Public Health Law Article 30, the Town of Queensbury and the West Glens Falls Emergency Squad, Inc. (Squad) have entered into an Agreement for general emergency ambulance services within the Town,which 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 advised the Town Board that it wishes to purchase a 2025 Demers MXP150 F-450 4x4 Diesel Ambulance with liquid springs at a purchase price not to exceed $284,250, and WHEREAS, the Squad will not take possession of this Ambulance until a mid-2025 timeframe due to a long lead-time for production scheduling, thereby requiring a commitment by the Squad in 2023 to purchase the Ambulance, and WHEREAS, no upfront payment/deposit is required for such purchase commitment, 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 86 Luzerne Road in the Town of Queensbury,New York, and WHEREAS,the Squad plans on paying for the proposed,new Ambulance by using: 1. $ 74,250—cash down-payment from its budget; and 2. $ 210,000 maximum amount of tax-exempt financing having a 60 month term 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 West Glens Falls Emergency Squad Inc.'s proposed Ambulance purchase delineated in the preambles of this Resolution and the financing of such proposed purchase using tax-exempt financing, on Monday,November 61', 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 16t'day of October, 2023,by the following vote: AYES NOES ABSENT: