044.2015 Amend 8 of 2015 - Financing of WGF Fire Air Packs RESOLUTION AMENDING RESOLUTION NO.: 8, 2015 REGARDING
WEST GLENS FALLS VOLUNTEER FIRE COMPANY, INC.'S PURCHASE
OF SCOTT AIR PACKS AND ASSOCIATED FINANCING
FOR SUCH PURCHASE
RESOLUTION NO.: 44,2015
INTRODUCED BY: Mr. Doug Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Brian Clements
WHEREAS, by Resolution No.: 8, 2015, the Queensbury Town Board authorized the West
Glens Falls Volunteer Fire Company, Inc.'s proposal to purchase 27 Scott Air Packs via a tax-
exempt purchase agreement with Glens Falls National Bank and Trust Company, Inc., and
WHEREAS, the Fire Company has advised that purchase for such equipment is not
eligible for tax-exempt financing, although it is indeed exempt from sales tax, and
WHEREAS, the Town Board wishes to amend Resolution No.: 8, 2015 accordingly,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby amends Resolution No.: 8, 2015 such
that the Town Board approves of the incurrence of approximately $187,000 in debt by the West
Glens Falls Volunteer Fire Company, Inc. via a purchase agreement with Glens Falls National Bank
and Trust Company, Inc., with the understanding that the purchase is not subject to tax-exempt
financing, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby affirms and ratifies Resolution No.: 8, 2015 in all
other respects.
Duly adopted this 15'h day of January, 2015, by the following vote:
AYES Mr. Metivier, Mr. Clements, Mr. Irish, Mr. VanNess, Mr. Strough
NOES None
ABSENT: None