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FIRE & RESCUE\\Bay Ridge Fire–Approve Truck Purchase and Tax Exempt Financing After PH - 9-14-2020
RESOLUTION APPROVING BAY RIDGE VOLUNTEER FIRE COMPANY,
INC.’S PROPOSAL TO PURCHASE 2021 CHEVROLET RESCUE UTILITY
VEHICLE AND AUTHORIZING INCURRENCE OF TAX-FREE
FINANCING/DEBT FOR SUCH PURCHASE
RESOLUTION NO.: _______________________________________________________, 2020
INTRODUCED BY: _______________________________________________________
WHO MOVED FOR ITS ADOPTION
SECONDED BY: _________________________________________________________
WHEREAS, the Town of Queensbury and the Bay Ridge 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 advised the Town Board that it wishes to purchase a 2021
Chevrolet Rescue Utility Vehicle (Vehicle) to replace its 1997 Ford Rescue Utility Vehicle for a
purchase price not to exceed $90,000, such purchase already included in the Fire Company’s five
(5) year capital plan that forecasts future capital needs and expenditures, including anticipated
vehicles, equipment, tools, other apparatus, facilities or improvements to facilities to be used for
firematic purposes, and
WHEREAS, the Fire Company plans on paying for the proposed, new Vehicle by up to
$90,000 maximum amount of tax-exempt financing, and
WHEREAS, proceeds from the sales of the Fire Company’s replaced apparatus (the 1997
Ford Rescue Utility Vehicle) would be placed either: 1) against the principal of the new, proposed
Vehicle and/or 2) toward other Fire Company debt, and
WHEREAS, once the new Vehicle is placed into service, the Fire Company will remove the
replaced apparatus from service and sell it, and will sell it after all potential warranty/service issues are
resolved with the new Vehicle, and
WHEREAS, Town Board approval of such proposed purchase is required by the Fire
Company’s Agreement with the Town and such proposed tax-exempt financing requires a public
hearing under the Internal Revenue Code, and
WHEREAS, the Vehicle will be owned and used by the Fire Company to provide fire
protection to the Town and maintained at its firehouse located at 1080 Bay Road in the Town of
Queensbury,
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WHEREAS, on Monday, September 14, 2020, the Town Board duly held a public
hearing concerning the Fire Company’s proposed purchase and tax-exempt financing as required
by the Fire Company’s Agreement with the Town and the Internal Revenue Code and heard all
interested persons, and
WHEREAS, the Town Board believes that this new Truck will provide additional safety
protection for the Town while eliminating an aging apparatus from the Fire Company’s fleet and
wishes to abide by the recommendations of MMA Consulting Group, Inc., and
WHEREAS, the Town Board therefore wishes to adopt a Resolution authorizing such
Truck purchase and the Fire Company’s corresponding incurrence of tax-exempt debt,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Bay Ridge
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Volunteer Fire Company, Inc.’s proposal to purchase a 2021 Chevrolet Rescue Utility Vehicle
(Vehicle) to replace its 1997 Ford Rescue Utility Vehicle for a purchase price not to exceed
$90,000, such purchase already included in the Fire Company’s five (5) year capital plan that
forecasts future capital needs and expenditures, including anticipated vehicles, equipment, tools,
other apparatus, facilities or improvements to facilities to be used for firematic purposes, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Fire Company’s incurrence of
approximately $90,000 maximum amount in debt for such purchase with the Adirondack Trust
Company with the understanding that the Town Board is relying upon the Fire Company’s assurance
that the Truck is serviceable and suitable for its long-term intended use, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee such debt with the
Adirondack 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 authorizes and directs the Town Supervisor and/or Budget
Officer to take such other and further actions necessary to effectuate the terms of this Resolution.
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Duly adopted this 14 day of September, 2020 by the following vote:
AYES :
NOES :
ABSENT:
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