HomeMy WebLinkAboutS Finance - Tax-Exempt Financing Arrangement Efland Vol Fire Co Inc. Construct New Fire Substation
Fire Service Agreement
This agreement, dated this ~ day of , 20 rs' ?, by and
between Efland Volunteer Fire Company, Inc., a body corporate organized under
the Laws of the State of North Carolina, the ("Fire Department"), and Orange
County, a body politic, the ("Political Subdivision").
WHEREAS, Fire Department is a not for profit organization duly authorized for
the purpose of providing firefighting services in an area within the jurisdiction of
the Political Subdivision; and,
WHEREAS, the parties wish to enter into an agreement setting forth the area and
duties of the Fire Department.
NOW THEREFORE, the Fire Department and Political Subdivision do hereby
agree as follow:
1. Political Subdivision recognizes that Fire Department provides firefighting
services to the hereafter generally described area or areas:
2. The area in which Fire Department has primary firefighting responsibilities
(area of responsibility) is Orange Rural Fire District.
3. Political Subdivision shall not be liable or responsible for the conduct and
activities of Fire Department.
IN WITNESS WHEREOF, the parties have had this agreement executed by duly
authorized representatives thereof.
Efland Volunteer Fire Company, Inc.
By ~~~~
Name ~efe~ ~• (fie ~ Le ~-~.
Title ~ S~ - C ~~'' e fi
Ora
By
Nar
Title ~ ~(i( ,l-~7 / ~~D ~/
Certificate of Approval
Approval of Chief Elected Official of
Orange County
1, chairman of the Board
of Cou ty Commissioners Or nge County, pursuant to the
Internal Revenue Code of 1986, as amended (the "Code") hereby
approve, authorize the entering into by Efland Volunteer Fire
Company, Inc. atax-exempt commercial loan by Branch Banking
and Trust (BB&T) Bank in the amount of $310,000 to finance the
construction of a new fire substation on a 19 acre tract of land
(Orange County parcel number 10757 located in on Highway 70
across from Hancor, Corporation in Efland, NC 27243).
Execution of this document in no way creates liability on the part of
Orange County and Orange County is not responsible for the
repaymen
By:
Title ~
Date
pursuant hereto.