271.2021 Approve South Qsby Fire Company 2022 Pierce Pumper Truck
RESOLUTION APPROVING SOUTH QUEENSBURY VOLUNTEER FIRE
COMPANY, INC.’S PROPOSAL TO PURCHASE 2022 PIERCE PUMPER
TRUCK AND AUTHORIZING INCURRENCE OF TAX-FREE
FINANCING/DEBT FOR SUCH PURCHASE
RESOLUTION NO.: 271, 2021
INTRODUCED BY: Mr. Harrison Freer
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. George Ferone
WHEREAS, the Town of Queensbury and the South Queensbury 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 without prior approval of the Queensbury Town Board, and
WHEREAS, the Fire Company has advised the Town Board that it wishes to purchase a
2022 Pierce Pumper Truck (Vehicle) to replace its 1988 Mack Open Cab Truck for a purchase
price not to exceed $353,800, 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, the Fire Company plans on paying for the proposed, new Vehicle by up to
$118,500 maximum amount of tax-exempt financing for a period of 60 months at the interest rate of
2.99% through Glens Falls National Bank and Trust Company, Inc., and
WHEREAS, proceeds from the sales of the Fire Company’s replaced apparatus would be
placed against the principal of the new, proposed Vehicle, and
WHEREAS, once the new Vehicle is placed into service, the Fire Company will remove the
replaced apparatus from service and sell it, and will sell it after all potential warranty/service issues are
resolved with the new Vehicle, and
WHEREAS, Town Board approval of such proposed purchase is required by the Fire
Company’s Agreement with the Town and such proposed tax-exempt financing requires a public
hearing under the Internal Revenue Code, and
WHEREAS, the Vehicle will be owned and used by the Fire Company to provide fire
protection to the Town and maintained at its firehouse located at 409 Dix Avenue in the Town of
Queensbury,
rd
WHEREAS, on Monday, August 23, 2021, the Town Board held a public hearing
concerning the Fire Company’s proposed purchase and tax-exempt financing as required by the
Fire Company’s Agreement with the Town and the Internal Revenue Code and duly heard all
interested persons, and
WHEREAS, the Town Board believes that this new Truck will provide additional safety
protection for the Town while eliminating an aging apparatus from the Fire Company’s fleet and
wishes to abide by the recommendations of MMA Consulting Group, Inc., and
WHEREAS, the Town Board therefore wishes to adopt a Resolution authorizing such
Truck purchase and the Fire Company’s corresponding incurrence of tax-exempt debt,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the South Queensbury
Volunteer Fire Company, Inc.’s proposal to purchase a 2022 Pierce Pumper Truck (Vehicle) to
replace its 1988 Mack Open Cab Truck for a purchase price not to exceed $353,800, 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,
2
facilities or improvements to facilities to be used for firematic purposes, and
BE IT FURTHER,
RESOLVED, that the Town Board further approves of the Fire Company’s incurrence of
up to $118,500 maximum amount in debt for such purchase and in tax-exempt financing for a
period of 60 months at the interest rate of 2.99% with the Glens Falls National Bank and Trust
Company, Inc., with the understanding that the Town Board is relying upon the Fire Company’s
assurance that the Truck is serviceable and suitable for its long-term intended use, and
BE IT FURTHER,
RESOLVED, that the Town of Queensbury does not guarantee such debt with the Glens
Falls National Bank and Trust Company, Inc., 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
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.
rd
Duly adopted this 23 day of August, 2021 by the following vote:
AYES : Mr. Freer, Mr. Ferone, Mr. McNulty, Mr. Strough
NOES : None
ABSENT:Mr. Metivier
3