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FIRE AND RESCUE\WGF EMS-Ambulance Purchase Demers 2023 and Authorizing Incurrence of IRS Tax Exempt Financing—11-6-2023
RESOLUTION AUTHORIZING WEST GLENS FALLS EMERGENCY
SQUAD, INC.'S PROPOSAL TO PURCHASE A
2023 DEMERS AMBULANCE AND INCURRENCE OF TAX-EXEMPT
FINANCING/DEBT FOR SUCH PURCHASE
RESOLUTION NO.: ,2023
INTRODUCED BY:
WHO MOVED FOR 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 trade-in its 2017
Demers MXP 150 F-450 4x4 Ambulance 712 and purchase a 2023 Demers MXP 150 F-450 4x4
Diesel Ambulance with liquid springs at a purchase price not to exceed$264,250, and
WHEREAS,the trade-in value of the ambulance being replaced will be $40,000,bringing
the new ambulance's purchase price down to $224,250, 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
Luzeme Road in the Town of Queensbury,New York, and
WHEREAS,the Squad plans on paying for the proposed,new Ambulance by using:
1. $ 59,000—cash down-payment from its current budget; and
2. $ 165,250 maximum amount of tax-exempt financing having a 60 month term 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, November 6th, 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 West Glens Falls
Emergency Squad, Inc.'s proposal to purchase a 2023 Demers MXP150 F-450 4x4 Diesel
Ambulance with liquid springs at a purchase price not to exceed $264,250 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 $165,250 maximum amount in 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, with such tax-exempt financing having a tax-exempt interest rate not to exceed 6.25%
fixed for 60 months,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 6th day of November,2023 by the following vote:
AYES :
NOES :
ABSENT: