054.2021 Approving West Glens Falls Vol. Fire Co. Purchase of Pierce Pumper Truck
RESOLUTION APPROVING WEST GLENS FALLS VOLUNTEER FIRE
COMPANY, INC.’S INCURRENCE OF TAX-FREE FINANCING FOR
PURCHASE OF PIERCE PUMPER TRUCK
RESOLUTION NO.: 54, 2021
INTRODUCED BY: Mr. George Ferone
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Harrison Freer
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 wished 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 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 scheduled a public hearing regarding the Fire Company’s
proposed tax-exempt financing as required under the Internal Revenue Code, and
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WHEREAS, on Monday, January 25, 2021, the Town Board duly held a public hearing
concerning the Fire Company’s proposed tax-exempt financing as required by the Internal
Revenue Code and heard all interested persons, and
WHEREAS, the Town Board believes that the proposal will help to ensure additional safety
protection for the Town and therefore wishes to adopt a Resolution authorizing the Fire Company’s
incurrence of tax-exempt debt for the Truck purchase,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the West Glens Falls
Volunteer Fire Company, Inc.’s incurrence of a principal amount not to exceed $912,000 of tax-
exempt financing as provided for under the Internal Revenue Code, for the Fire Company’s purchase
of a 2020 Pierce Pumper Truck with such tax-exempt financing to be with the Glens Falls National
Bank and Trust Company, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee such debt with the Glens
Falls National Bank and 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
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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 25 day of January, 2021 by the following vote:
AYES: Mr. McNulty, Mr. Strough, Mr. Freer, Mr. Ferone
NOES: None
ABSENT: None
ABSTAIN: Mr. Metivier
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