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S Finance - Tax-Exempt Financing Arrangement Efland Vol Fire Co Inc. Construct New Fire Substation
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S Finance - Tax-Exempt Financing Arrangement Efland Vol Fire Co Inc. Construct New Fire Substation
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Last modified
2/29/2012 9:38:17 AM
Creation date
6/15/2010 12:10:20 PM
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BOCC
Date
11/5/2007
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
4k
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Agenda - 11-05-2007-4k
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\Board of County Commissioners\BOCC Agendas\2000's\2007\Agenda - 11-05-2007
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Certificate of Approval <br />Approval of Chief Elected Official of <br />Orange County <br />1, chairman of the Board <br />of Cou ty Commissioners Or nge County, pursuant to the <br />Internal Revenue Code of 1986, as amended (the "Code") hereby <br />approve, authorize the entering into by Efland Volunteer Fire <br />Company, Inc. atax-exempt commercial loan by Branch Banking <br />and Trust (BB&T) Bank in the amount of $310,000 to finance the <br />construction of a new fire substation on a 19 acre tract of land <br />(Orange County parcel number 10757 located in on Highway 70 <br />across from Hancor, Corporation in Efland, NC 27243). <br />Execution of this document in no way creates liability on the part of <br />Orange County and Orange County is not responsible for the <br />repaymen <br />By: <br />Title ~ <br />Date <br />pursuant hereto. <br />
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