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3.12 3.12 FIRE AND RESCUE\WGF EMS-Set Public Hearing on Tax Exempt Loan for Ambulance purchase—7-3-17 RESOLUTION SETTING PUBLIC HEARING ON WEST GLENS FALLS EMERGENCY SQUAD, INC.'S PROPOSAL TO PURCHASE AMBULANCE AND USE TAX-EXEMPT FINANCING FOR SUCH PURCHASE RESOLUTION NO.: ,2017 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: 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 has advised the Town Board that it wishes to trade-in one of its older ambulances and purchase a new 2017 Chevy K-3500 Ambulance at a purchase price not to exceed $169,500, and WHEREAS, the trade-in value of the ambulance being replaced will be $10,000, bringing the new ambulance's purchase price down to $159,500, and 1 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: 1. $25,000 from donations to the Squad; 2. $44,500 from its current budget; and 3. $90,000 maximum amount of tax-exempt financing having a five to 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 West Glens Falls Emergency 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, August 7ffi, 2017 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. 2 Duly adopted this 3rd day of July, 2017,by the following vote: AYES NOES ABSENT: 3 t FIRE\WGF EMS—Ambulance Purchase—8-7-17 NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN IN ACCORDANCE WITH A RESOLUTION ADOPTED BY THE QUEENSBURY TOWN BOARD ON MONDAY, JULY 3R11). 2017, THAT THE TOWN BOARD WILL CONDUCT A PUBLIC HEARING ON MONDAY, AUGUST 7'", 2017 AT 7:00 P.M. AT THE QUEENSBURY ACTIVITIES CENTER, 742 BAY ROAD, QUEENSBURY TO CONSIDER THE WEST GLENS FALLS EMERGENCY SQUAD, INC.'S (SQUAD) PROPOSAL TO PURCHASE ONE (1) 2017 CHEVY K-3500 AMBULANCE FOR THE APPROXIMATE TOTAL SUM NOT TO EXCEED $169,500 AND THE SQUAD'S TAX- EXEMPT FINANCING. THE SQUAD WILL, IN PART. FINANCE THE NEW AMBULANCE WITH A TAX-EXEMPT LOAN IN THE MAXIMUM AMOUNT OF $90,000 OVER FIVE TO SEVEN YEARS, WHICH DOES NOT EXCEED THE ESTIMATED USEFUL LIFE OF THE AMBULANCE. THE AREA PROTECTED BY THE SQUAD IS ALL OF THE GEOGRAPHICAL TERRITORY OF THE TOWN OF QUEENSBURY SET FORTH IN THE CURRENT EMERGENCY PROTECTION SERVICES AGREEMENT BETWEEN THE TOWN OF QUEENSBURY AND THE SQUAD. ALL PARTIES IN INTEREST AND THE CITIZENS WILL BE GIVEN THE OPPORTUNITY TO BE HEARD IN RESPECT TO THE PROPOSED PURCHASE. INFORMATION CONCERNING THE PROPOSED PURCHASE IS ON FILE WITH THE TOWN CLERK AND IS AVAILABLE FOR INSPECTION. BY ORDER OF THE QUEENSBURY TOWN BOARD. PUBLICATION DATE: JULY_,2017 CAROLINE H.BARBER TOWN CLERK TOWN OF QUEENSBURY