091.2021 Set PH Bay Ridge Rescue Squad's Purchase of Ambulance using Tax-Exempt Financing
RESOLUTION SETTING PUBLIC HEARING ON BAY RIDGE RESCUE
SQUAD, INC.’S PROPOSAL TO PURCHASE AMBULANCE AND USE TAX-
EXEMPT FINANCING FOR SUCH PURCHASE
RESOLUTION NO.: 91, 2021
INTRODUCED BY: Mr. George Ferone
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, in accordance with New York State Public Health Law Article 30, the Town of
Queensbury and the Bay Ridge Rescue Squad, Inc. (Squad) have entered into an Agreement for
general emergency ambulance services within the Town, which Agreement sets forth a number of
terms and conditions, including a condition that the Squad 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 Squad to acquire a loan or mortgage without prior approval of
the Queensbury Town Board, and
WHEREAS, the Squad has advised the Town Board that it wishes to trade-in its year
2013 Ford E-450 ambulance and purchase a 2021 Ford F-350 4x4 Chassis Ambulance at a
purchase price not to exceed $199,505, and
WHEREAS, the Squad plans on selling the 2013 Ford E-450 ambulance being replaced
and using received funds toward the purchase of the new ambulance, and
WHEREAS, the Ambulance will be owned and used by the Squad to provide general
emergency ambulance services to the Town and maintained at the Squad’s building located at 1109
Ridge Road in the Town of Queensbury, New York, and
WHEREAS, the Squad plans on paying for the proposed, new Ambulance by using:
1. $ 50,000 – approximate cash down payment; and
2. $150,000 maximum amount of tax-exempt financing with the Adirondack Trust
Company; and
WHEREAS, the Town Board wishes to set a public hearing concerning the Squad’s proposed
purchase, as Town Board approval of such proposed purchase is required by the Squad’s Agreement
with the Town, and such proposed tax-exempt financing requires a public hearing under the Internal
Revenue Code,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall conduct a public hearing concerning the
Bay Ridge Rescue Squad Inc.’s proposed Ambulance purchase delineated in the preambles of this
Resolution and the financing of such proposed purchase using tax-exempt financing, on Monday, April
th
5, 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.
th
Duly adopted this 8 day of March, 2021, by the following vote:
AYES: Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone
NOES: None
ABSENT: None