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292.2015 Setting PH - Bay Ridge Rescue Squad Purchase Ambulance RESOLUTION SETTING PUBLIC HEARING ON BAY RIDGE RESCUE SQUAD, INC.'S PROPOSAL TO PURCHASE AMBULANCE AND USE TAX- EXEMPT FINANCING FOR SUCH PURCHASE RESOLUTION NO.: 292,2015 INTRODUCED BY: Mr. Doug Irish WHO MOVED ITS ADOPTION SECONDED BY: Mr.William VanNess WHEREAS, in accordance with New York State Public Health Law Article 30, the Town of Queensbury and the Bay Ridge Rescue 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 new 2016 Medix Ambulance to replace its 2007 Horton Ambulance and 2005 Chevy Blazer Medic Truck, (collectively referred to as the "replaced apparatus") for the approximate purchase price not to exceed $140,331, and WHEREAS, proceeds from the sales of the Squad's replaced apparatus would be placed against the principal of the new, proposed Ambulance, and WHEREAS, once the new Ambulance is placed into service, the Squad will remove the replaced apparatus from service and sell the replaced apparatus after all potential warranty/service issues are resolved with the new Ambulance, and WHEREAS, the Ambulance will be owned and used by the Squad to provide general 1 emergency ambulance services to the Town and maintained at the Squad's building located at 1109 Ridge Road in the Town of Queensbury,New York, and WHEREAS, the Squad plans on paying for the proposed, new Ambulance by approximately $121,000 maximum amount of tax-exempt financing (having a seven year 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 Bay Ridge Rescue 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, September 14'', 2015 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 17'h day of August, 2015, by the following vote: AYES Mr. Strough, Mr. Metivier, Mr. Clements, Mr. Irish, Mr. VanNess NOES None ABSENT: None 2