Town of Cairo authorizes up to $316,475 bond to buy new ambulance

The Cairo Town Board voted unanimously on July 17 to authorize up to $316,475 in serial bonds to acquire a 2024 Demers ambulance equipped with a power‑load lifting system and to delegate bond issuance powers to the Town Supervisor.

The board also approved a separate authorization for the Supervisor to sign a bond‑counsel proposal from the Law Office of Rodenhausen Chale & Polidoro LLP to provide an independent legal opinion on the issuance and tax‑exempt status of the debt. The bond resolution states the estimated maximum cost at $316,475, treats the acquisition as a Type II action under State Environmental Quality Review (6 NYCRR Part 617), and sets the period of probable usefulness at 10 years while limiting proposed maturities to no more than five years from issuance.

Supervisor Watts offered the bond resolution, which passed on a roll call with Supervisor Watts and Council Members Bogins, Cords, Flaherty and Murphy voting aye. The resolution authorizes the Supervisor, as the town’s chief fiscal officer, to determine bond terms, issue bond anticipation notes if needed and sign the necessary documents. It also directs the Town Clerk to publish the required Local Finance Law notice in the Daily Mail.

The resolution includes language to preserve tax‑exempt status under Section 103 of the Internal Revenue Code and authorizes the Supervisor to designate the obligations as qualified tax‑exempt bonds when appropriate. The town’s faith and credit is pledged for payment of principal and interest and the resolution allows reimbursement of prior expenditures from bond proceeds if applicable.

Next steps: the Supervisor is authorized to execute the bond‑counsel proposal and take steps necessary to issue the bonds; the resolution requires publication in the local newspaper as provided by the Local Finance Law.