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491.2003 RESOLUTION SETTING PUBLIC HEARING ON QUEENSBURY CENTRAL VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO PURCHASE PIERCE CUSTOM ENFORCER PUMPER TRUCK RESOLUTION NO.: 491, 2003 INTRODUCED BY: Mr. Daniel Stec WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner 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 purchase a Pierce Custom Enforcer Pumper Truck for a sum not to exceed $357,500 including modification costs, and WHEREAS, the Fire Company plans on paying for the Pumper Truck by using $185,000 in funds from its Restricted Vehicle Fund, including the Town’s 2004 contract payment, and borrowing $185,000 from a local bank for a period of five years, and WHEREAS, the Town Board feels that this new vehicle will provide additional safety protection for the Town, and WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company’s borrowing in case it is to be tax-exempt financing, which requires such a public hearing under the Internal Revenue Code, WHEREAS, the Town Board wishes to set a public hearing concerning the proposed Pumper Truck purchase, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the proposed purchase of a Pierce Custom Enforcer Pumper Truck by the Queensbury Central Volunteer Fire Company, Inc., and the possible partial financing of this by the Fire Company using tax-exempt st financing, on December 1, 2003 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. th Duly adopted this 17 day of November, 2003, by the following vote: AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner NOES : None ABSENT: None