099.2010 WGF Fire Truck Purchase
RESOLUTION SETTING PUBLIC HEARING ON WEST GLENS FALLS
VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL TO PURCHASE
TRUCK AND USE TAX-EXEMPT FINANCING FOR SUCH PURCHASE
RESOLUTION NO.: 99, 2010
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Town of Queensbury and the West Glens Falls 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
new 2009 Crimson 100’ Midmount Platform Aerial Truck (Truck) to replace two (2) pieces of
apparatus (1975 Tower 4 and Engine E311) thereby resulting in a permanent reduction of the Fire
Company’s fleet size, as recommended by the 2009 Fire Study Report issued for the Town by
MMA Consulting Group, Inc., for the approximate purchase price not to exceed $870,000, 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, proceeds from the sales of the Fire Company’s replaced apparatus (Tower 4
and/or Engine E311) would be placed either: 1) against the principal of the new, proposed Truck;
and/or 2) toward other Fire Company debt; and
WHEREAS, once the new Truck is placed into service, the Fire Company will: 1) remove
Tower 4 from service and sell it; and 2) put Engine E311 into reserve status and then eventually take it
completely out of service, and
WHEREAS, the Fire Company plans on paying for the proposed, new Truck by utilizing
approximately $870,000 maximum amount of tax-exempt financing (having a 15 year term at 4.5%)
with a financial institution, and
WHEREAS, the Town Board wishes to set a public hearing concerning the Fire Company’s
proposed purchase, as such proposed purchase is required by the Fire Company’s Agreement with the
Town, and such proposed tax-exempt financing also requires a public hearing under the Internal
Revenue Code, and
WHEREAS, the Truck will be owned and used by the Fire Company to provide fire protection
to the Town and maintained at its firehouse(s) located in the Town of Queensbury, New York,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning
West Glens Falls Volunteer Fire Co., Inc.’s proposed Truck purchase delineated in the preambles of
this Resolution and the financing of such proposed purchase using tax-exempt financing on Monday,
nd
February 22, 2010 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.
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Duly adopted this 1 day of February, 2010, by the following vote:
AYES: Mr. Metivier, Mr. Strough, Mr. Brewer, Mr. Stec
NOES: None
ABSENT: Mr. Montesi
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