115.2021 Authorizing Bay Ridge Rescue Squad to Purchase Ambulance- Tax Exempt Financing
RESOLUTION AUTHORIZING BAY RIDGE RESCUE SQUAD, INC.’S
PROPOSAL TO PURCHASE AMBULANCE AND AUTHORIZING
INCURRENCE OF TAX-EXEMPT FINANCING/
DEBT FOR SUCH PURCHASE
RESOLUTION NO.: 115, 2021
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. George Ferone
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, Town Board approval of this proposed purchase is required by the Squad’s
Agreement with the Town, and the proposed tax-exempt financing requires a public hearing under the
Internal Revenue Code, and
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WHEREAS, on Monday, April 5, 2021, the Town Board held a public hearing
concerning the Squad’s proposed purchase and tax-exempt financing as required by the Squad’s
Agreement with the Town and the Internal Revenue Code and heard all interested persons, and
WHEREAS, the Town Board believes that this new Ambulance will provide additional safety
protection for the Town and also believes it to be necessary, financially beneficial and in the public
interest to consider such financing, and
WHEREAS, the Town Board therefore wishes to adopt a Resolution authorizing such
Ambulance purchase and the Squad’s corresponding incurrence of tax-exempt debt and financing,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Bay Ridge Rescue
Squad, Inc.’s proposal to purchase a 2021 Ford F-350 4x4 Chassis Ambulance as set forth in the
preambles of this Resolution for an amount not to exceed $199,505, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Squad’s incurrence of
approximately $150,000 maximum amount in debt for such purchase with the understanding that the
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Town Board is relying upon the Squad’s assurance that the Ambulance is serviceable and suitable for
its long-term intended use, and approves of the tax-exempt financing with the Adirondack Trust
Company for the purpose of purchasing the new Ambulance and associated equipment, with such tax-
exempt financing having a ten (10) year term, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee such debt with the
financial institution on behalf of the Squad 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
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Supervisor and/or Budget
Officer to take any actions necessary to effectuate the terms of this Resolution.
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Duly adopted this 5 day of April, 2021 by the following vote:
AYES: Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone, Mr. McNulty
NOES: None
ABSENT: None
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