Notice of Public Hearing - East Greenbush Fire District #3

PLEASE TAKE NOTICE that a public hearing will be conducted before Tracy Cullum
a Hearing Officer appointed by the Board of Fire Commissioners of East Greenbush Fire
District # 3 on Tuesday July 18, 2023 at 6:30 PM at the East Greenbush Fire Station located
at 68 Phillips Road, Rensselaer, NY 12144 in relation to the proposed borrowing by the
East Greenbush Fire Company Incorporated ("the Volunteer Fire Department") to finance
renovations and improvement to three fire stations by the proposed issuance by the
Volunteer Fire Department of an obligation (a promissory note) to the Bank of Green
The obligation is in the maximum principal amount of $500,000.00.
A public hearing is required as is the subsequent approval by the Board of Fire
Commissioners of the borrowing and issuance of the obligation as conditions precedent
to the borrowing. The purpose of the hearing and borrowing approval are to create an
exemption from income taxation of the interest payable under the terms of such
obligation, pursuant to section 103 and related sections of, and regulations under, the
Internal Revenue Code. Neither the public hearing nor the subsequent approval the
Board of Fire Commissioners for the borrowing creates any obligation or liability of the
East Greenbush Fire District #3 for such obligation.
Persons attending the public hearing will be given the opportunity to make brief
oral statements in connection with the proposed financing, and written comments may be
submitted to the Hearing Officer at or prior to the public hearing.
Tracy Cullum, Hearing Officer
July 10, 2023