363.2004
RESOLUTION APPROVING QUEENSBURY CENTRAL VOLUNTEER
FIRE COMPANY, INC.’S PROPOSAL TO PURCHASE A PIERCE CUSTOM
ENFORCER PUMPER TRUCK AND AUTHORIZING INCURRENCE OF
DEBT FOR SUCH PURCHASE
RESOLUTION NO.: 363, 2004
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. John Strough
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, by Resolution 496,2003, the Town Board authorized the Fire Company to
purchase a Pierce Custom Enforcer Pumper Truck for an amount not to exceed $357,500 including
modification costs, with the understanding that the Fire Company would use $185,000 in the Fire
Company’s Restricted Vehicle Fund, including the Town’s 2004 contract payment, toward the
purchase and incur $185,000 in debt with the Glens Falls National Bank and Trust Company, and
WHEREAS, 10 days notice was provided to the public before the Town Board conducted the
required public hearing concerning the Fire Company’s purchase, but the Fire Company requires 14
days notice to be able to issue its debt as tax-exempt, and
WHEREAS, in accordance with the Fire Company’s request, the Town Board set another
public hearing to allow the Fire Company to have this public hearing with 14 days notice in accordance
with the Internal Revenue Code and Regulations, and
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WHEREAS, on July 26, 2004, the Town Board held such public hearing and heard all
interested persons, and
WHEREAS, the Town Board wishes to adopt another Resolution authorizing the
incurrence of debt by the Fire Company where such debt is based on no obligation of the Town
and the debt shall in no way be considered to be a Town debt,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board approves of the incurrence of $185,000 in
debt by the Queensbury Central Volunteer Fire Company, Inc. for such purchase with the
understanding that the Town Board is relying upon the Fire Company’s assurances that the
Pumper Truck is serviceable and suitable for its long-term intended use,
BE IT FURTHER,
RESOLVED, that a retired pumper 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 Glens Falls
National Bank and Trust Company 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 26 day of July, 2004 by the following vote:
AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES : None
ABSENT: None