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• <br /> 3 <br /> Grant Project Fund sufficient specific detailed accounting <br /> to the grantor agency required by the grant agreement and <br /> federal and state regulations. <br /> Section 6. Funds may be advanced from the General Fund for the purpose <br /> of making payments due. Reimbursement requests should be <br /> made to the grantor agency in an orderly and timely manner. <br /> Section 7. Copies of this grant project ordinance shall be made <br /> available to the finance officer for direction in carrying <br /> out this project. <br /> B. PURCHASE OF NEW FIRE TRUCKS FOR NEW HOPE VOLUNTEER FIRE DEPT. <br /> To approve the resolution stated below which approves the <br /> lease and option agreement between New Hope Volunteer Fire Department <br /> and Emergency One, Inc. <br /> EXTRACT FROM MINUTES OF THE BOARD OF <br /> COMMISSIONERS OF THE <br /> COUNTY OF ORANGE, NORTH CAROLINA <br /> The Board of Commissioners of the County of Orange, North <br /> Carolina (the "Board") , met in regular session in the Courtroom of the <br /> Chapel Hill Post Office, East Franklin Street, Chapel Hill, North <br /> Carolina, the regular place of meeting at 7: 30 p.m. on October 16, 1990 <br /> with Moses Carey, Jr. Chairman presiding. The following Commissioners <br /> were: <br /> PRESENT: Chairman Moses Carey, Jr. , and Commissioners Stephen <br /> Halkiotis, John Hartwell, Shirley Marshall, and Don Willhoit. <br /> ABSENT: None. <br /> Action agenda item abstract number V-B and its attachments were <br /> presented to the Board for its consideration. The following resolution <br /> was then presented for consideration by the Board: <br /> RESOLUTION APPROVING THE LEASE AND OPTION AGREEMENT BETWEEN NEW <br /> HOPE VOLUNTEER FIRE DEPARTMENT, INC. AND EMERGENCY ONE, INC. <br /> WHEREAS, the New Hope Volunteer Fire Department has represented <br /> to the Board of Commissioners of Orange County that it needs two new <br /> pumper tanker fire trucks more specifically described in action agenda <br /> item abstract number V-B; and <br /> WHEREAS, New Hope Volunteer Fire Department is not able to pay <br /> for these fire trucks entirely with funds on hand; and <br /> WHEREAS, New Hope Volunteer Fire Department is able to borrow <br /> funds to complete the purchase of these trucks at a favorable interest <br /> rate if the loan is approved by the unit of local government with which <br /> the fire department contracts to provide fire protection; and <br /> WHEREAS, the Board of County Commissioners desires to approve a <br /> lease and option agreement between New Hope Volunteer Fire Department <br /> and Emergency One, Inc. ; <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of County <br />