160.2004
RESOLUTION APPROVING BAY RIDGE VOLUNTEER FIRE COMPANY,
INC.’S PROPOSAL TO PURCHASE AMERICAN LAFRANCE CUSTOM
EAGLE TANKER TRUCK AND AUTHORIZING INCURRENCE OF DEBT
FOR SUCH PURCHASE
RESOLUTION NO.: 160. 2004
INTRODUCED BY: Mr. Roger Boor
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, the Town of Queensbury and the Bay Ridge 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 an
American LaFrance Custom Eagle Tanker Truck (Tanker) for a sum not to exceed $356,910, 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 Tanker by using $225,000 in funds
from its Restricted Vehicle Fund and entering into a four (4) year tax-exempt lease-purchase agreement
with Evergreen Bank/Bank North for $131,910, and
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WHEREAS, on March 15, 2004, the Town Board held a public hearing concerning the
Fire Company’s proposed purchase and debt incurrence and heard all interested persons, and
WHEREAS, the Town Board feels that this new vehicle will provide additional safety
protection for the Town, and
WHEREAS, the Town wishes to adopt a Resolution authorizing the purchase of the
Tanker Truck and incurrence of debt by the Fire Company,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Bay Ridge
Volunteer Fire Company, Inc.’s proposal to purchase an American LaFrance Custom Eagle
Tanker Truck for a sum not to exceed $356,910, 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
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes the Fire Company to use $225,000
in funds from its Restricted Vehicle Fund toward the purchase, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the incurrence of $131,910 in debt
by the Bay Ridge Volunteer Fire Company, Inc. for such purchase with the understanding that the
Town Board is relying upon the Fire Company’s assurances that the Tanker Truck is serviceable
and suitable for its long-term intended use,
BE IT FURTHER,
RESOLVED, that a retired tanker truck will be sold or traded at fair market value and the
proceeds will be deposited to the Restricted Vehicle Fund if sold, or will reduce the amount of
debt if traded in, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee the debt with Evergreen
Bank/Bank North on behalf of the Fire Company 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 further authorizes and directs the Town Supervisor
and/or Town Budget Officer to take any action necessary to effectuate all terms of this
Resolution.
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Duly adopted this 15 day of March, 2004 by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT: None