108.96
RESOLUTION SETTING PUBLIC HEARING REGARDING ACQUISITION OF
FIRE EQUIPMENT FOR BAY RIDGE VOL. FIRE CO., INC.
RESOLUTION NO. 108, 96
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Betty Monahan
WHEREAS, the Bay Ridge Volunteer Fire Company, Inc., desires
to acquire twenty-five (25) New Scott Aviation Air Packs in
accordance with tax-exempt financing provided under §147(f) of the
Internal Revenue Code of 1986, and
WHEREAS, the Bay Ridge Volunteer Fire Company, Inc., (the
Issuer) desires to finance the purchase of said equipment, and
WHEREAS, the issuer has negotiated with Associates Commercial
Corporation to enter into a lease purchase agreement qualifying as
tax-exempt bonding under §147(f) of the Internal Revenue Code of
1986 as amended, and
WHEREAS, said Internal Revenue Code requires a public hearing
to be scheduled by the municipality under which the Issuer is
subject to contract to provide fire services in the Town of
Queensbury, and
WHEREAS, the said Issuer pursuant to §147(f) of the Internal
Revenue Code of 1986, as amended, has requested that the Town Board
of the Town of Queensbury hold a public hearing pursuant to said
statute to authorize the approval of said financing and authorize
the Supervisor of the Town of Queensbury to execute an approval of
said financing to comply with the statutory requirements, and
WHEREAS, the Town of Queensbury desires to facilitate said
financing on behalf of the Issuer,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes a public hearing with respect to said financing to be
held on March 18, 1996 at 7:00 p.m. in the Town of Queensbury
Activities Center, 742 Bay Road, Queensbury, Warren County, New
York, for the previously stated purposes, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and directs the Town Clerk of the Town of Queensbury to
publish a notice of public hearing as soon as possible in the
official newspaper for the Town of Queensbury, said notice to be
published at least 14 days prior to the scheduled public hearing
date as required by §147(f) of the Internal Revenue Code of 1986,
as amended, and said notice to be in the form presented at this
meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury shall
not and does not, by this resolution, create or intend to create,
any assumption on the part of the Town of Queensbury, of any
obligation or liability for the financing referred to herein, other
than that which may exist by virtue of the agreement entered into
between the Town of Queensbury and the Bay Ridge Volunteer Fire
Company, Inc., for fire protection services dated December 1995,
which agreement is in writing and contains the full terms agreed to
by the parties.
Duly adopted this 26th day of February, 1996, by the following
vote:
AYES : Mrs. Monahan, Mr. Turner, Mrs. Goedert, Mr. Champagne
NOES : None
ABSENT: Mrs. Pulver