305.2001
RESOLUTION AMENDING RESOLUTION NO.: 152,2001 REGARDING
PURCHASE OF 2001 SAULSBURY PUMPER BY NORTH QUEENSBURY
VOLUNTEER FIRE COMPANY, INC.
RESOLUTION NO.: 305, 2001
INTRODUCED BY: Mr. James Martin
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, by Resolution No.: 152,2001 the Queensbury Town Board authorized the
purchase of one (1) 2001 Saulsbury Pumper by the North Queensbury Volunteer Fire Company, Inc.,
(Fire Company) with the understanding that the Fire Company would enter into a Purchase Lease
Agreement for a term of five (5) years, and
WHEREAS, the Fire Company has advised that it has recalculated the transaction and has
determined that it can enter into a four (4) year Purchase Lease Agreement rather than five (5), and
WHEREAS, the Town Comptroller has recommended that the Town Board amend Resolution
No.: 152, 2001 to provide for this change as well as to clarify the Fire Company’s payment terms, and
WHEREAS, in accordance with paragraph 5(A) of the Agreement dated March 24, 2000
between the Town and Fire Company, the Fire Company needs the Town Board’s prior approval for
such a lease, and
WHEREAS, the Town Board wishes to amend Resolution No.: 152,2001 accordingly,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby amends Resolution No.: 152,2001
such that the first “Resolved” clause of the original Resolution No.: 152,2001 shall read as follows:
“RESOLVED, that the Queensbury Town Board hereby approves of the
purchase of one (1) 2001 Saulsbury Pumper for the approximate sum of $270,000 by
the North Queensbury Volunteer Fire Company, Inc., with the understanding that:
1.The Fire Company will deposit all proceeds for the sale of its 1976
Pumper in the Fire Company’s Restricted Vehicle Fund;
2.The Fire Company may use the balance of the Restricted Vehicle Fund
estimated to total approximately $160,000 as a cash deposit on the new
Pumper purchase;
3.The Fire Company may enter into a Lease Purchase Agreement for a
term of four (4) years for the balance of approximately $110,000 at an
interest rate appropriate to the tax-exempt status of the Fire Company;
and
4.Annual lease payments for the new Pumper may be charged to the Fire
Company’s Restricted Vehicle Fund; and”
BE IT FURTHER,
RESOLVED, that the Town Board hereby affirms and ratifies Resolution No. 152,2001 in all
other respects.
rd
Duly adopted this 23 day of July, 2001, by the following vote:
AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brower
NOES : None
ABSENT: Mr. Brewer