Orange County NC Website
Browse       Search
2 <br /> • Conduct a public hearing — On January 14, 2014, the department held a public hearing <br /> regarding the purchase. The Department advertised the hearing in the News of Orange <br /> (Attachment 2 of this abstract). Per Attachment 3 of this abstract, no residents were <br /> present at the hearing and the Department did not receive any written comments from <br /> residents of the district. <br /> • Obtain approval of the "applicable elected representatives" — In accordance with <br /> Section 147, the Board of County Commissioners must approve the District's plan to <br /> enter into the debt arrangement. This approval does not create liability on the part of <br /> Orange County nor does it make the County responsible for the repayment of any debt <br /> assumed by the fire district. The approval provides a mechanism for the Commissioners <br /> to acknowledge that, through this financing arrangement, Eno Fire & Emergency <br /> Services, Inc. is pledging use of the District's tax dollars to repay the loan. In order to <br /> comply with this IRS requirement, the Chair of the Commissioners must sign the Fire <br /> Service Agreement (Attachment 4) and Certificate of Approval (Attachment 5). <br /> FINANCIAL IMPACT: The department's major revenues consist of County fire district taxes. <br /> According to the district's June 30, 2013 financial statements, the district received about <br /> $450,712 during fiscal year 2012-13 from fire district tax revenues and other miscellaneous <br /> revenue <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1. Approve a request from Eno Fire & Emergency Services, Inc. to enter into a financing <br /> arrangement with the Local Government Federal Credit Union to purchase a Tanker <br /> truck; and <br /> 2. Authorize the Board of Commissioners' Chair to sign the appropriate documents related <br /> to the financing arrangement. <br />