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121.2024 Setting PH on Qby EMS Proposal to Purchase Emerg Equip fror Ambulance and Use Tax-Exempt Financing RESOLUTION SETTING PUBLIC HEARING ON QUEENSBURY EMERGENCY MEDICAL SERVICES' PROPOSAL TO PURCHASE EMERGENCY EQUIPMENT FOR ITS AMBULANCE AND USE TAX- EXEMPT FINANCING FOR SUCH PURCHASE RESOLUTION NO.: 121,2024 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. Harrison Freer WHEREAS, by Resolution No.: 424,2023, the Queensbury Town Board approved its 2024 Emergency Ambulance Services Agreement (Agreement) with the Bay Ridge Rescue Squad, Inc., DBA: Queensbury Emergency Medical Services, (Squad), and WHEREAS, such 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 Town Board, and WHEREAS, by Resolution No.: 149,2023 the Town Board approved the Squad's proposal to purchase a 2023 Ford F-350 Demers Brand Ambulance at a purchase price not to exceed $300,000 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, by Resolution No.: 76,2024 the Town Board amended such Resolution to approve the Squad's sale of its 1997 Ford ambulance toward the new ambulance purchase rather than the sale of its year 2016 ambulance, and WHEREAS, the Squad has advised the Town Board that as the emergency equipment in the Squad's 1997 ambulance is outdated, the Squad needs to outfit its new ambulance with certain new emergency equipment for an amount not to exceed $86,958.90 (including the cost of a five year warranty) and would like such cost added to its ambulance loan, thereby increasing its $280,000 maximum amount of tax-exempt financing approved by Resolution No.: 149,2023 to a maximum amount of tax-exempt financing not exceeding$352,740, and WHEREAS, the Town Board wishes to set a public hearing concerning the Squad's proposed emergency equipment purchase, as Town Board approval 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 Queensbury Emergency Medical Services' proposed emergency equipment purchase for its new ambulance and the use of tax-exempt financing on Monday, April 15t', 2024 at 7:00 p.m., and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the 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 18t'day of March, 2024,by the following vote: AYES Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Dixon NOES None ABSENT: None