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BODY ARMOR – FUNDING STATEMENT WITH RESOLUTION – Line of Credit and Grant

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Inline resolution2019-03-11#13-2019
Original file not available onlineView version history →Meeting on 2019-03-11 →

BODY ARMOR – FUNDING STATEMENT WITH RESOLUTION – Line of Credit and Grant

Resolution #13-2019 — 2019-03-11

WHEREAS

  • the Village of Red Hook Board has received grant to purchase body armor via the Office of NYS Senator Serino, has researched and reviewed options with it's police department, and complied with purchasing obligations with a state contract supplier
  • the village selected KVI Uniforms & Equipment, Middletown, NY to supply and fit the officers for a cost of $10,798.28
  • the Village will utilize a purchase order to make the order and list the state contract number
  • the grant is a reimbursement style grant and the Village will incur the costs and then submit for payment to NYS
  • the Village also has a line of credit with Salisbury Bank at 3.0% interest

RESOLVED

  • the village Treasurer is authorized to utilize the line of credit from Salisbury Bank to pay the direct costs. The Mayor and/or Treasurer are authorized to exercise the line of credit up to the amount of the purchase costs, up to $12,500. With line of credit option utilized, the Village will use grant receipt amounts, donations and budget lines to pay down the line of credit accordingly and reduce the amount borrowed from Salisbury Bank to a $0 balance for this activity