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168.2007 RESOLUTION AUTHORIZING INCURRENCE OF DEBT BY WEST GLENS FALLS VOLUNTEER FIRE COMPANY, INC. FOR PURCHASE OF 2007 CHEVROLET TAHOE RESOLUTION NO.: 168, 2007 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Roger Boor WHEREAS, the Town of Queensbury and the West Glens Falls 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 2007 Chevrolet Tahoe on State Contract for a sum not to exceed $31,100, and WHEREAS, the Fire Company has arranged for a $31,100, 72 month installment loan with Glens Falls National Bank to purchase such vehicle, with payments to be made from the Fire Company’s operating budget, such monies already included in the Fire Company’s approved 2007 budget and Agreement with the Town, 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 the incurrence of this debt by the Fire Company, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves of the incurrence of $31,100 in debt by the West Glens Falls Fire Company, Inc. for the purchase of a 2007 Chevrolet Tahoe on State Contract, as delineated in the preambles of this Resolution, and BE IT FURTHER, RESOLVED, that the Town of Queensbury does not guarantee the debt with Glens Falls National Bank on behalf of the Fire Company, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Fiscal Manager to take any necessary action to effectuate the terms of this Resolution. nd Duly adopted this 2 day of April, 2007, by the following vote: AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford NOES : None ABSENT: None