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4.04 4 4.4 FIRE AND RESCUE1South Qby Fire-Set Public Hearing-Tax Exempt Loan-Mortgage Financing— 11-2-2020 RESOLUTION SETTING PUBLIC HEARING ON SOUTH QUEENSBURY VOLUNTEER FIRE COMPANY, INC.'S PROPOSAL TO USE TAX-EXEMPT FINANCING FOR FINANCING OF FIREHOUSE RENOVATIONS/CONSTRUCTION COSTS RESOLUTION NO.: ,2020 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, the Town of Queensbury and the South Queensbury 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 without prior approval of the Queensbury Town Board, and WHEREAS, the Fire Company has presented to the Town Board a proposal to make certain firehouse renovations for a principal amount not to exceed $2,500,000 with financing of the renovations to be through tax-exempt financing as provided for under the Internal Revenue Code, and WHEREAS, the Fire Company has obtained a commitment from Glens Falls National Bank and Trust Company to enter into such a tax-exempt financing agreement for the amount of $2,500,000 and in accordance with the Internal Revenue Code, has requested that the Town Board conduct a public hearing to authorize approval of the financing to comply with the statutory requirements,and WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company's proposed renovations project and tax-exempt financing as required under the Internal Revenue Code, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning South Queensbury Volunteer Fire Co., Inc.'s proposed renovations/construction project with the financing of such project to be through tax-exempt financing, on Monday, December 7`', 2020 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 fourteen (14) days prior to the Public Hearing. Duly adopted this 2nd day of November, 2020, by the following vote: AYES NOES ABSENT: McPHILLIPS, FITZGERALD & CULLUM LLP DENNIS J.PHILLIPS ATTORNEYS AT LAW WILLIAM E.FITZGERALD 288 GLEN STREET JAMES E.CULLUM ERIC C.SCHWENKER DANIEL J.HOGAN P.O. BOX 299 RKINS JOHN E.FITZGERALD JR.* GLENS FALLS NY 12801-0299 STEPBRIHEN NL.C.BORIE � BKIAN C.BORIE TIMOTHY S.SHULER PHONE: (518)792-1174 VANESSA A.HUTTON MELISSA DWYER LESCAULT FAX: (518)792-1675 or(518)761-9810 DENNIS J.O'CONNOR* FLORIDA OFFICE EDWARD P.FITZGERALD E-MAIL: law@mfellp.com 9999 NE 2nd Avenue,Suite 200 COURTNEY M.HASKINS MIAMI SHORES,FL 33138 ESTABLISHED 1911 PHONE:(305)751-8556 *ALSO ADMITTED IN FLORIDA October 16, 2020 File No.: 93054 John Strough, Queensbury Town Supervisor 742 Bay Road Queensbury, New York 12804 Re: South Queensbury Volunteer Fire Company Incorporated Dear John: The Fire Company has received a commitment from Glens Falls National Bank and Trust Company for a $2,500,000.00 loan to provide funds for renovations to the Fire House. A copy of the accepted Bank's commitment letter of September 28, 2020 is enclosed along with a copy of the Resolution of the Fire Company approving the loan. As you are aware from prior projects, the Fire Company can benefit from a tax exempt interest rate if the provisions of Section 150(e) and Section 147 of the Internal Revenue Code are met. Basically, this requires the Town to conduct a public hearing and based on the public hearing pass a resolution which approves the Fire Company's borrowing pursuant to the Bank commitment letter. On behalf of the Fire Company I ask that you place this matter on the Town Board Agenda to set up such a public hearing and to hopefully approve a financing package so the Fire Company can benefit from a tax exempt interest rate. I would appreciate it if your assistant could let me know the date that the public hearing will be conducted so we can have a representative of the Fire Company attend to answer any questions you may have. October 16, 2020 Page Two If you or the Town Attorney have any questions please feel free to give me a call. Very truly yours, McPHILLIPS, FIT GERALD & CULLUM L.L.P. William E. Fitzgerald WEF:tkb Enc. cc: Robert Hafner, via mail Kristi Manning, via email 250 Glen StrceL-PO Box 307 ;T Glens Batts,NY 12801 =`w't4 rMd7i11yl Company (518)793-4121-gfnationaLcorn September 28,2020 Jon DeVaux,President South Queensbury Volunteer Fire Company Incorporated 409 Dix Avenue Queensbury,NY 12804 Dear Mr.DeVaux: I am pleased to inform you that Glens rails National Bank and Trust Company(the"Bank")has approved your request for financing as indicated below. The credit facility will include the basic terms and conditions set forth below. The following terns and conditions are not intended to be exhaustive,since final documentation of the credit facility will require further discussions and approvFd by the Bank and Borrower's legal counsel. GENERAL TERMS Borrower: South Queensbury Volunteer Fin Company Incorporated Guarantors: None. Amount: Up to $2,500,000 construction to permanent mortgage,limited to the lesser of 100%of the total project costs or 65%of the"as-complete"appraised value. Purpose: Provide funds for renovations and soft costs associated with the;subject property as well as construct a new storage building. Term: 26 years . Construction Period-Up to 12 months • Permanent Period_2.5 years with 25 year amortization Rate: Option I:Tax exempt rate to be calculated three day,,prior to closing as follow.T.Fixed for 5 yuus at the 5 year FNI..BNY Regular Fixed Advance Rate plus 2.75%, multiplied by 80"/0;adjusting thereafter at 5 year intervals using the same calculation. lion 2:Tax exempt rate to be calculated three days prior to closing as follows: Fixed for 10 yearn at the 10 year rHLBNY Regular Fixed Advance Rate plus 2.750/e, multiplied by 110%;adjusting thereafter at 10 year intervals using the same erlculation. Tax Exempt Status: The Interest Rate detailed in this commitment is predicated upon the Bank being able to categorize this loan as a"tax-exempt"obligation for FedtriI Income Tax purposes. If at any time while the.1-oau remains unpaid,die Bank subsequently must rwognizv the interest income,as taxable, the Interest Rate will change simultaneously with the change in classification to a taxable equivalent interest rate. Commitment Letter South Queensbury Volunteer Fire Company Incorporated In the event a tax-exempt option is elected,the borrower is to provide an opinion from its legal counsel that the Borrower it qualified small issuer as defined by the internal Revenue Service. In order to provide tax-exempt rates,the Bank must he satisfied that it is able to categorize this loan as a tax-exempt obligation for Federal income tax purposes. Commitment Fee: A non-refundable commitment fee of$7,500 will he due and payable upon acceptance of this commitment Application Fee: A non-refundable application fee of$6,000 will be due and payable upon acceptance of this commitment and to be applied towards closing costs.(Satisfied) Prepayment Penalty: The loan will be subject to a prepayment fee of 210 of the original loan amount if paid within years one and two, 1 5% of the original loan amount if paid within years three and four, and 1% of the original loan amount if paid within years live and six,and none thereafter. Payments: Monthly interest only payments during the 12 month construction period followed by monthly intent and principal payments in an amount sufficient to amortize the loan in full over 25 years. interest shall be comported on the basis of a year consisting of360 days and paid for actual days elapsed. Late Payments: iorrower will have a grace period of 10 days within which to make payments due on the:loan. Any payment made thereafter shall be subject to a 5%late charge. in the event of a default (as defined ire the loan documents),the interest rate;shalt be increased to 16%per amwm during the period of default. Auto Transfer: Throughout the tern cif the Loan,Borrower agree.s to make payments to the Bank by automatic transfer and/or debit through the automated clearinghouse: funds ("ACl-f") system At closing Borrower will execute and deliver the 13ank7s standard ACH form for the loan. COLLATERAL REQUIREMENTS Collateral: First mortgage on real property located at 409 Dix Avenue,Queensbury,NY. An Assignment of Rents and Leases associated with the propert3r An assignment of all the Borrower's right,title and interest in and to all leases now or hereafer in existence,together with all rent;to be paid thereunder. A first security interest in all Borrower's assets, including fixtures, equipment,leasehold improvements, clrattol paper and articles of perecrnal property located at or used in the operation of the subject real property whether now owned or hereafter acquired. Appraisal: This loin commitment is subject to receipt of a current roil estate appraisal on the property to secure the proposed financing with a minimum"as-complete"appraised value of$3,846,153. ff the value is less,the Bank will loan a maximum of 65%of the value. The appraisal is to be ordered by the Bank,and is subject to satisfactory review by the Bank. The appraisal fee: will be paid to the Bank by the Borrower upon acceptance of this Commitment. The Borrower shall also bear the cost and expense: of any additional appraisals that may be required during the term of the loan,but not more than ono:in a 12-month period. (Satisfied) Insurance: Flood determinations will be ordered on the subject property. Should flood insurance be required for the subject property, you will be notified of same prior to closing and you must provide the following: verification that adequate flcxxi insurance has bL,n purchasW and the policy is in effect as of the date of closing. The coverage must equal the lower of the maximum required by the National Flood Insurance Program,the minimum amount required d under the terms of coverage to compensate for damage or loss on a replacement cost basis, or the unpaid balance of the mortgage if replacement cost compensation is not Page 2 of 6 Commitment Letter South Queembury Volunteer Fire Company Incorporated available. The policy must name "Glens malls National Bank &Trust Company, its successors and/or assigns,as their interests may appear"as mortgagee. It should also list the Bank address as PO Box 150, Northville,NY 12134. Receipt of general insurance evidence or policies,satisfactory to the Bank,at least three(3)days prior to scheduled loan closing. Policies of fire,liability,extended coverage,and such other hazard insurance as this Bank may require,are to be delivered to the Bank with acceptable mortgage clauses and issued by a company satisfactory to the Bank in an amount equal to the mortgage loan or 100%replacement cost of the improvements, together with satisfactory receipt for premium payment. Policy must be with a company having a`B"or better general policyholder's rating as published in Bests Insurance Reports. The standard Acord binder is acceptable for closing provided the amount of insurance and annual premium is stated thereon The mortgage endorsement is to read: "Glens Falls National Bank & Trust Company, its successors and/or assigns as their into rc%ts may appear,PO Box 150,Northville, NY 12134"for policies covering real estate collateral. Glens falls National Bank&'Trust Company is to be named as"lender's loss payable and additional insured" lbr policies covering non-real estate collateral. All policies are to include a 30-day notice of cancellation clause. Fide Insurance: Prior to closing, the Borrower will deliver a preliminary title report from a Title Insurance Company acceptable to the Bank which shall set forth a description of the property to he mortgaged and copies of all instruments which appear as exceptions_ At closing, the Borrower will deliver to the Bank, at Borrower's expense, an AUfA extended coverage lender's policy of title insurance;in form and substance satisfactory to the Bank and its counsel,issued by an insurer satisfactory to the Bank, together with such endorsements as the Bark may request,in a policy equal to the loan,and subject only to such exceptions as are acceptable to the Bank. The Borrower will furnish the title company with such affidavits or indemnity agreements as the title company shall require to insure the flank's liens as valid first priority. Sarvey: A survey of the real property collateral by a licensed surveyor approved by the Bank reflecting all improvements thereon and all easements aiTecting the property is required prior ko loan closing. The survey must be certified to the Bank,its successors and/or assigns,and the Title Insurer. Ideal Estate Traxem: The Borrower shall provide proof of payment of current period =1 estate taxes on the property to be mortgaged. Zoning&Use: Evidence satisfactory to die Bank and counsel for the Bank that the Premises complies with all zoning statutes,rules and regulations governing use and operations of premises. Environmental Issuer: Evidence will be provided by the borrower as to whether or not the properties to be mortgaged are located within any area designated as a hazardous waste site by any federal,state,or governmental authority,and whether or not any hazardous or toxic waste or other materials regulated,controlled or prohibited by any federal,state,or local environmental law are located on the land The Bank will require that the Borrower complete an Environmental Affidavit(sax:attached)10 days prior to taming. The Hank will also require a Preliminary Transaction Screen The Preliminary Transaction Screen is to be ordered by the Bank,and is subject to satisfactory review by the Bank. The Preliminary Transaction Screen fee; will be paid to the Bank by the Borrower upon acceptance of this Commitment. If in the Bank's opinion,or the Banks Counsel's opinion,there is a question concerning a possible adverac; finding of environmental harard on the property to be mortgaged,the Bank will require what is commonly described as a Phase I Environmental Audit Under reserves the right to require updated audits,or site assessment reports tmm time to time at the Borrower's expense. If there is any adverse finding from that audit or under a Phase 11 Environmental Audit, this commitment will be immediately null and void and have no further force and effect All expenses associated with the environmental issues described in this letter will be at the sole cast and expense of the Borrower. Page 3 of 6 i Commitment Letter South Queensbury Volunteer Fire Company Incorporated OTRF,R TERMS AND CONDITIONS Financial: CPA prepared audited financial statements for the Borrower will be provided to the Bank annually within 120 days of fiscal year end. Borrower's annual board approved budget will be provided to the Bank annually. A.copy of the Town contract will be provided to the Bank upon each renewal. Conditions: Any documentation associated with the tax exempt status will be provided to the Bank,and reviewed by the Bank's attorney,prior to closing. Organizational documents for the Borrower will be provided to the Bank prior to closing.(Smisfwd) A borrowing resolution authorizing the proposed loan and a listing of the individual(s)authorized to sign the loan documents will be provided to the Bank prior to closing. The Borrower will maintain a primary deposit account with the Bank for the term of the loan. No additional liens or encumbrances are to be placed on the collateral, unless with the express written consent by the Bank. The Bank reserves the right to establish an escrow account far real estate taxes and insurance. Ownership in any of the properties referenced herein nu►y be transferred only with the Bank's written approval. Shareholder/Membership interests in the borrower or guarantors will not change,through merger,sale or otherwise,without written consent of the Bank. Proof of the issuance and effectiveness of all pernuts,licenses,and registrations required in connection with the use of the Mortgaged Premises. Receipt of a copy of the current deed Ibr the premises to be mortgaged. Receipt of all current tax receipts. Ten-year tax search. Subject to other terms,covenants and-conditions,to be determined by Bank. Goan Covenants: #l:.For the life of the loan, Borrower is to maintain a minimum Debt Service Coverage Ratio(DSCR)of I.00x, to be tested annually upon receipt of the Borrower's audited financial statements. The DSCR is calculated as: Net Income J-.Depreciation+ Amortization+Interest Expeense Annual Principal and Interest Payments on all Debt #2:For the life of the loan,Borrower is to maintain a total annual debt service within the limit established in the applicable contract with the Town of Queenshury. Adverse Change: The Bank may terminate this Commitment if,except as maybe otherwise:provided herein,(a)the loan,or any other feature of the loan transaction has been or is misr presented by Borrower in the loan application, or otherwise(b)any material adverse change shall occur with respect to the premises,the improvements, Borrower,any guarantor or indemnitor,or any other person or entity(including lemecs)connected with the loran or any collateral for the loan or other source of repayment of the loan at any time prior to the closing Page 4 of 6 i Commitment Letter South Queensbury Volunteer Fire Company Incorporated of this loan,(c)any part of the premises shall have been taken in condemnation or other like proceeding,or any such proceeding is pending at the time of closing,or(d)Borrower,any guarantor or indemnitor,or any other person or entity(including iessees) connected with the loan or any collateral for the,loan or other source of repayment of the loan shall be insolvent or involved in any arrangement, bankruptcy, reorganization or insolvency proceeding. Costs and Fees: Borrower's acceptance of this Commitment shall constitute Borrower's unconditional agreement to pay all fees, commissions,vests, charges, taxes and other expenses incurred by the Bank in connection with this Commitment and the funding of the Loan, whether or not the Loan closes, including but not limited to appraisal fees, environmental audit fees. fees and charges for surveys, hazard insurance and bond premiums, mortgage taxes, transfer taxes and all recording few and charges. In addition to the fees and other charges as set forth herein, Borrower's acceptance of this Commitment shall constitute an unconditional agreement to reimbuM the Hank for the The charged by the attorneys selected by the Bank for the review of the loan documents prepared or submitted by or at the direction of the Borrower's attorney. In addition thereto,Borrower,by executing this Commitment,is requesting the Bank to have the attorneys retrained by the.13ank prepare various loan document-,,including but not by way of limitation,the promissory notes,mortgages and affidavits,together with any required assignments of neat,and agrees to reimburse the Bank for the attorney teen incurred in connection therewith,whether or not Lite loan closcn. Survival of Commitment: The term~of this Commitment and any attachments survive the closing of the loan and the execution and delivery of the Loan Documents. In the event of any inconsistency or conflict between any provisions of this Commitment, any attachments, and other Loan Documents, the provisions of the other Loan Doctanents prevail and apply. Construction Requirements: If this Commitment has been issued in conjunction with a construction project,please refer to the attached Exhibit 1 --Construction Loan Requirements for additional mandatory provisions. Confidentiality: The terms of this Commitment may not be disclosed to any other party without the prior written consent of the Bank in each instance. If you are in agreement with the terns outlined above please sign and return this letter,along with the required few, to me within ten (.10)days from the date hereof atter which this Commitment shall be considered withdrawn and shall be of no further force and effect. A copy is enclosed for your file. This Commitment is conditioned on the closing of the loan not later than 60 days from the date hereof,and the obligation of the Bank to close the loan terminates on that date. In no event shall the Bank be required to close the loan after such date,nor will the Bank be obligated to refund any fees paid pursuant to this Commitment. Thank you for utilizing Glen.,; Falls National Bank and Trust Company for your financing needs. Should you have any questions or comments, please feel free to contact your closing coordinator, Yuliya Sidarovich at 518-415-4501 or YuIiya.sidamvich@)arrowbank.com. Sine , t+ M r Cataugb Vice Prrsidenl Page 5 of 6 Commitment Letter South Queensbury Volunteer Fire Company Incorporated AGREED AND ACCEPTED: Borrower. South Queensbury Volunteer Fire Company Incorporated y' ihorized signer Date:.J I j—T Please: indicate below if you are being reprcieutcxi by an attorney for Qris tranmsaction by including their name and contact information. Attorney's name: Telephone M cc: William Fitzgerald,GTNB Cou"Mc:l Page 6 of 6 Exhibit l —Construction Loan Requirements South Queensbury Volunteer Fire Company Incorporated I. The Bank will provide up to 12 months of interest only during the construction phase of this project. At the end of this period,the loan balance will automatically convert to equal payments of principal and interest sufficient to retire the debt over the remaining amortization period of the loan. 2. A Builders'Risk Insurance Policy acceptable to the Bank will be required during the construction term. 3. Prior to the closing of the Loan, the Bank shall require, at the expense of the borrower, an engineer'slarchitust's/construction consultant's rcpnr! based on their review of the project and all related contracts, schedule of values, and plans and specifications to confirm that the Borrower's projected budget is sufficient to complete the Project The Bank shall, at the sole expense of the Borrower, have the Project inspected from time to time, at such intervals as may be acceptable to the Bank,by an architect,engineer,or construction consultant (hereinafter collectively retern:d to as "consultant") selected by the Bank in its sole discretion. All requests for advances will be reviewed and approved by such consultant at the Borrower's expense,and the borrower will cooperate fully with such consultant and provide the consultant with access to the real estate and the improvemenLs thereon at all reasonable times. All fees,costs,and expenses shall be the sole responsibility of the borrower. 4. The Borrower shall furnish to the Bank a Certificate executed by the architect for die Project certifying to the Bank that the plans and specification for the construction of the Project are in compliance with all applicable building;and zoning regulations,including all requirements of the American%with Disabilities Act and the Fair Housing Act- The Certificate shall further state that the foundation prepared for the project meets the requirements set forth in the geotecimical report to be provided to the Bank as required herein. 5. Any proposed changes to the Construction Contract(Change Orders),prior to or during construction,must be approved by tlx:Bang:. G. I.zan advances shall be made in conjunction with a Building Loan Agreement. Each advancer: is subject to submission of AIA requisitions for payment,or other format acceptable to the Bank and the BanVs inspecting Engineer,along with a satisfactory title run down and all appropriate waiver of liens forms. 7. in the event that the cost of construction is incrossed for any reason,so that it becomes evident to l/-ndcr that the funds of the loan available to the Borrower, together with the Required Borrower Contribution,will not fully pay the cost of construction, there the Borrower, at thc; request of the Lender, shall advance sufficient additional sums of money to the construction account administered by lender to provide for the full payment of the cost of construction. Equity funds from the Borrower or the Completion Guarantor may need to be contributed to the project("Excess Construction Costs")in the event of increases in the project budget or cost overruns,if the total hard Cost budget exceeds the original contract sum,or if increases occur to the individual line item,; within the Hard Cost budget so (hat insufficient funds are available in the Construction Loan to complete the project:. 8. Prior to final disbursement, the construction project shall be completed in accordance with the plans and specifications, an unconditional Certificate of Occupancy and any other certificates, licenses, permits or approvals necessary to operate the borrower's business on the premises issued by the appropriate governmental or regulatory authority. 9. A first security interest and assignment ofall plans,approvals,permits,and contracts associated with the pmject. 10. Submission of the following construction related documents is required prior to closing: ® Final Plans and Specifications —Two (2) complete sets of the plans including site plan or survey and specifications signed and scaled by the Architect. Any material deviation from the approved plans and specifications must be approved by the Bank in writing.(Architect) ❑ Soils Investigation Report— Subsurface:investigation with Geotechnical Enginc;r's recommendations for the design of the foundations of the project. The Architect may perform this function if he/she can stipulate that they are familiar with the conditions and know the soil bearing capacity and have designed the footings Borrower Initials: in accordance;with the soil bearing capacity.(Architect or Geotechnical Engineer) ® Construction budget— A complete line item budget breakdown in a standard format for all on and off site improvements. The Application and Certificate for payment submitted during the course of construction is to be in the AIA format or other format acceptable to the Bank.(Contractor) ® Construction schedule — The construction schedule should be presented to show total project and trade durations. (Contractor) ® Copy of the Building Permit for the project. (Contractor) ® A copy of the Architect or Engineer/Owner Contract, in the AIA rornat indicating fees, services, and responsibilities. (Architect or Engineer) ® General Contractor or Constriction Manager acceptable it)the Bank. ® A copy of the General Contract or Construction Manager Contract with the Owner in the AIA format indicating scope,duration,and terns of payment. (Contractor) ❑ Machinery and equipment proposals) listing all of the M & IE, required for the proposed project. The Closing Coordinator will handle the interim disburm-ments of the finds. (Equipment Vendor) ❑ Furniture & Fixture proposal(q) listing all items to be used in the proposed project. The Closing Coordinator will handle the interim disbursements of the funds. (Furniture&Nxture Vendors) ® All construction disbursements shall be subject to a 5%retainage pending completion of the project and Lender's satisfaction of all conditions met(Borrower) ❑ Payeuent and Performance Bond — Prior to closing the Loan, the Bank shalt he furnished a payment and performance bond guaranteeing completion of the improvements issued by a surety acceptable to the Bank containing a dual obligee rider.(Contractor) Borrower Initials: FIRE\South Qby Fire—Building Renovations and IRS Financing—12-7-2020 NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN IN ACCORDANCE WITH A RESOLUTION ADOPTED BY THE QUEENSBURY TOWN BOARD ON MONDAY,NOVEMBER 2ND, 2020, THAT THE TOWN BOARD WILL CONDUCT A PUBLIC HEARING ON MONDAY, DECEMBER 7Tx, 2020 AT 7:00 P.M. AT THE QUEENSBURY ACTIVITIES CENTER, 742 BAY ROAD, QUEENSBURY TO CONSIDER THE SOUTH QUEENSBURY VOLUNTEER FIRE COMPANY, INC.'S (FIRE COMPANY) PROPOSAL TO MAKE CERTAIN RENOVATIONS TO ITS FIREHOUSE LOCATED AT 409 DIX AVENUE, QUEENSBURY, NEW YORK FOR THE APPROXIMATE TOTAL PRINCIPAL SUM NOT TO EXCEED $2,500,000 AND THE FIRE COMPANY'S TAX-EXEMPT FINANCING, THE FIRE COMPANY WILL FINANCE THE RENOVATIONS WITH A TAX-EXEMPT LOAN IN THE MAXIMUM AMOUNT OF $2,500,000 OVER 26 YEARS. THE AREA PROTECTED BY THE FIRE COMPANY IS ALL OF THE GEOGRAPHICAL TERRITORY OF THE TOWN OF QUEENSBURY SET FORTH IN THE CURRENT FIRE PROTECTION SERVICES AGREEMENT BETWEEN THE TOWN OF QUEENSBURY AND THE FIRE COMPANY. ALL PARTIES IN INTEREST AND THE CITIZENS WILL BE GIVEN THE OPPORTUNITY TO BE HEARD AND INFORMATION CONCERNING THE PROPOSAL IS AVAILABLE FOR INSPECTION WITH THE QUEENSBURY TOWN CLERK, 742 BAY ROAD, QUEENSBURY, NEW YORK 518)761-8234 AND ON-LINE AT WWW.QUEENSBURY.NET. BY ORDER OF THE QUEENSBURY TOWN BOARD. PUBLICATION DATE: ,2020 CAROLINE H. BARBER TOWN CLERK TOWN OF QUEENSBURY