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108.2014 Qsby Central Fire New 2015 Chevy Tahoe RESOLUTION AUTHORIZING QUEENSBURY CENTRAL VOLUNTEER FIRE COMPANY, INC.'S PURCHASE OF 2015 CHEVY TAHOE RESOLUTION NO.: 108,2014 INTRODUCED BY: Mr. Doug Irish WHO MOVED ITS ADOPTION SECONDED BY: Mr. Brian Clements WHEREAS, the Town of Queensbury and the Queensbury Central Volunteer Fire Company, Inc. (Fire Company)have entered into an Agreement for fire protection services, which Agreement sets forth a number of terms and conditions including a condition that the Fire Company 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 Fire Company to acquire a loan or mortgage or use money placed in a "vehicles fund" without prior approval of the Queensbury Town Board, and WHEREAS, the Fire Company has advised the Town Board that it wishes to purchase a 2015 Chevy Tahoe to replace its 2002 Chevy Tahoe for a sum not to exceed the State Contract Pricing of $49,500, such purchase already included in the Fire Company's five (5) year capital plan that forecasts future capital needs and expenditures, including anticipated vehicles, equipment, tools, other apparatus, facilities or improvements to facilities to be used for firematic purposes, and WHEREAS, the Fire Company plans on paying for the vehicle by entering into a 60 month installment loan with a reputable financial institution at a rate of 3.99%, with loan payments to be made from the Fire Company's operating budget, such monies already included in the Fire Company's approved 2012-2014 budgets and Agreement with the Town, and WHEREAS, proceeds from the sales of the Fire Company's replaced vehicle would be used to offset the cost and installation of all warning devices for the new vehicle, and WHEREAS, the Town Board feels that this new vehicle will provide additional safety protection for the Town and therefore the Town Board wishes to authorize such purchase, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves of the Queensbury Central Volunteer Fire Company, Inc.'s purchase of a 2015 Chevy Tahoe to replace its 2002 Chevy Tahoe for an amount not to exceed $49,500 and the Fire Company's incurrence of $49,500 in debt for such purchase, as delineated in the preambles of this Resolution, and BE IT FURTHER, RESOLVED, that the Town of Queensbury does not guarantee the debt with any financial institution on behalf of the Fire Company, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to take any and all action necessary to effectuate the terms of this Resolution. Duly adopted this 24th day of March, 2014, by the following vote: AYES Mr. Metivier, Mr. Clements, Mr. Irish, Mr. VanNess, Mr. Strough NOES None ABSENT: None