071.2016 WGF Emergency Ambulance Purchase RESOLUTION APPROVING WEST GLENS FALLS EMERGENCY SQUAD,
INC.'S PROPOSAL TO PURCHASE AMBULANCE AND AUTHORIZING
INCURRENCE OF TAX-EXEMPT FINANCING/DEBT
FOR SUCH PURCHASE
RESOLUTION NO.: 71,2016
INTRODUCED BY: Mr.Anthony Metivier
WHO MOVED FOR 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 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 advised the Town Board that it wishes to purchase a new 2016
Ford F-450 (4x4 Type 1) Ambulance for the approximate purchase price not to exceed $181,098,
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
Luzerne Road in the Town of Queensbury,New York, and
WHEREAS, the Squad plans on paying for the proposed, new Ambulance by using
approximately $19,098 in funds currently in the Squad's budget and approximately $162,000
maximum amount of tax-exempt financing at a fixed rate of 4.25%for a five year term with Glens Falls
National Bank and Trust Company, and
WHEREAS, 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, and
WHEREAS, on Monday, February 8th, 2016, 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 new 2016 Ford F-450 (4x4 Type 1) Ambulance as
set forth in the preambles of this Resolution for an amount not to exceed $181,098, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Squad's incurrence of
approximately $162,000 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 Glens Falls National Bank
and Trust Company for the purpose of purchasing the new Ambulance and associated equipment, with
such tax-exempt financing having a fixed rate of 4.25%with a five(5)year term, and
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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 8h day of February, 2016 by the following vote:
AYES Mr. VanNess, Mr. Strough, Mr. Metivier, Mr. Clements
NOES None
ABSENT: Mr. Irish
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