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FIRE AND RESCUE\\WGF EMS - Set Public Hearing on Tax Exempt Loan for Ambulance Purchase – 12-2-19
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.: ______________________________________________________, 2019
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 its 2010
ambulance 710 and purchase a 2019 Chevy K-3500 Chassis Ambulance with a Demers MXP-150
Conversion Box at a purchase price not to exceed $186,998, and
WHEREAS, the trade-in value of the ambulance being replaced will be $10,000, bringing
the new ambulance’s purchase price down to $176,998, 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
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WHEREAS, the Squad plans on paying for the proposed, new Ambulance by using:
1. $ 30,000 – cash down payment from its current budget; and
2. $146,998 maximum amount of tax-exempt financing having a 72 month 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
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Monday, January 13, 2020 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.
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Duly adopted this 2 day of December, 2019, by the following vote:
AYES :
NOES :
ABSENT:
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