HomeMy WebLinkAboutRES-2000-038 Resolution Approving a Tax-Exempt Financing Arrangement for the Purchase of Fire Trucks by Eno Volunteer Fire Department Zee-)
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ORANGE COUNTY
BOARD OF COMMISSIONERS
A RESOLUTION APPROVING A TAX-EXEMPT FINANCING ARRANGEMENT FOR
PURCHASE OF TWO PUMPER TANKERS BY ENO FIRE & EMERGENCY SERVICES, INC.
WHEREAS, Eno Fire & Emergency Services has represented to the Board of Commissioners
that it needs to-acquire two pumper tankers to replace two aging fire trucks, and
WHEREAS, Eno Fire & Emergency Services is unable to pay anticipated acquisition costs
entirely with funds on hand; and
WHEREAS, Eno Fire & Emergency Services is able to borrow funds to complete the financing
of these vehicle acquisitions at a favorable interest rate if the loan is approved by the unit of
local government with which the fire department contracts to provide fire protection; and
WHEREAS, on April 10, 2000, Eno Fire & Emergency Services held a required public hearing
on this matter following adequate public notice of that hearing, as outlined in a record of that
hearing certified by the Secretary to the Board of Directors, and
WHEREAS, the Board of County Commissioners desires to approve a tax-exempt financing
arrangement between Eno Fire & Emergency Services and a qualified lender;
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of Orange County that
the public hearing is ratified and said financing arrangement is-approved.
This, the 16th day of May, 2000.