496.2003
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.: 496. 2003
INTRODUCED BY: Mr.Tim Brewer
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
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
entering into a five (5) year installment loan with Glens Falls National Bank and Trust Company
for $185,000, and
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,
WHEREAS, on December 1 2003, 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
Pumper Truck and incurrence of debt by the Fire Company,
N OW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Queensbury
Central Volunteer Fire Company, Inc.’s proposal to purchase a Pierce Custom Enforcer Pumper
Truck for a sum not to exceed $357,500 including modification costs, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes the Fire Company to use $185,000
in the Fire Company’s Restricted Vehicle Fund, including the Town’s 2004 contract payment,
toward the purchase, and
BE IT FURTHER,
RESOLVED, that the Town Board further 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 debt service payments for the new Pumper Truck may be charged to
the Restricted Vehicle Fund during 2004 only, 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 Comptroller to take any action necessary to effectuate all terms of this Resolution.
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Duly adopted this 1 day of December, 2003 by the following vote:
AYES : Mr. Boor, Mr. Turner, Mr. Stec, Mr. Brewer
NOES : Mr. Brower
ABSENT: None