383.2005
RESOLUTION SETTING PUBLIC HEARING ON QUEENSBURY
CENTRAL VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO
PURCHASE TOWER TRUCK
RESOLUTION NO.: 383, 2005
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the Town of Queensbury and the Queensbury Central 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 replace its 1989
tower truck with a new 134’ Tower Truck for a sum not to exceed $1,039,000, such purchase already
included in the scheduled Fire Company’s five (5) year capital plan that forecasts future capital needs
and expenditures, including anticipated vehicles, equipment, tools, other apparatus, facilities or
improvements to facilities to be used for firematic purposes, and
WHEREAS, the Fire Company plans on paying for the Tower Truck by financing the truck
with a tax-exempt loan over the estimated useful life of the Truck (15 years) at a rate to be determined,
and
WHEREAS, the Town Board feels that this new Tower Truck will provide additional,
improved safety protection for the Town, and
WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company’s
proposed Tower Truck purchase and tax-exempt financing, which requires such a public hearing under
the Internal Revenue Code,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the
proposed purchase of a 134’ Tower Truck by the Queensbury Central Volunteer Fire Company, Inc.,
and the financing of this purchase by the Fire Company using tax-exempt financing, on Monday,
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September 12, 2005 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 ten (10) days prior to
the Public Hearing.
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Duly adopted this 15 day of August, 2005, by the following vote:
AYES : Mr. Stec, Mr. Boor, Mr. Turner, Mr. Strough, Mr. Brewer
NOES : None
ABSENT: None