HomeMy WebLinkAboutS Approval of Tax-Exempt Financing Arrangement for Efland Volunteer Fire Company, Inc. to Purchase LandCertificate of Approval
Approval of Chief Elected Official of
Orange County
I, Moses Carey, Jr., Chair of the Board of County Commissioners
of Orange 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. a tax-exempt
commercial loan by Hillsborough Bank in the amount of $78,000 to
finance a the purchase of a 19 acres 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
repayme t of any loan p ant hereto.
By:
Title: Chair, Orange County Boar o Commis
Date: October 13, 2005