037.2021 Set PH on West Glens Falls Fire for Purchase of Pierce Pumper Truck- Use of Tax-Exempt Financing
RESOLUTION SETTING PUBLIC HEARING ON
WEST GLENS FALLS VOLUNTEER FIRE COMPANY, INC.’S PROPOSAL
TO USE TAX-EXEMPT FINANCING FOR THE PURCHASE OF A
PIERCE PUMPER TRUCK
RESOLUTION NO.: 37, 2021
INTRODUCED BY: Mr. Timothy McNulty
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. George Ferone
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 previously advised the Town Board that it wishes to purchase
a 2020 Pierce Pumper Truck (Truck) to replace its year 2001 American LaFrance Pumper Truck with
approximately 43,000 miles, for a sum not to exceed $912,000, such purchase 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 Truck will be owned and used by the Fire Company to provide fire protection
to the Town and it will be maintained at its firehouse located at 33 Luzerne Road in the Town of
Queensbury, and
WHEREAS, by Town Board Resolution No.: 80.2020, the Town Board approved such Truck
purchase, and
WHEREAS, the Fire Company has now advised the Town Board that it wishes to pay for
the Truck by the Fire Company’s incurrence of up to $912,000 maximum amount of tax-exempt
financing with the Glens Falls National Bank and Trust Company, and
WHEREAS, the Town Board wishes to set a public hearing regarding the Fire Company’s
proposed tax-exempt financing as required under the Internal Revenue Code, and
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 financing of its proposed Truck purchase by
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using tax-exempt financing as delineated in the preambles of this Resolution on Monday, January 25,
2021 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 January, 2021, by the following vote:
AYES: Mr. Freer, Mr. Ferone, Mr. McNulty, Mr. Strough
NOES: None
ABSENT: Mr. Metivier