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lAttachment 11 3 <br /> 99M ENO FIRE & EMERGENCY SERVICES INC. <br /> 5019 U.S. HIGHWAY 70 W <br /> T7 DuRHAm, NC 27705-9029 <br /> (919)383-5967 <br /> Bryan Baker-Fire Chief Keith Hayes-Oeputy Chief' Scutt Bell-Assistant Chief <br /> 2/20/2014 <br /> Paul Laughton <br /> Orange County Budget Office <br /> P.O. Box 8 181 <br /> I-lillsborough, NC 27278 <br /> Dear Paul, <br /> It is the intent of Eno Fire and Emergency Services, Inc. to purchase a replace tanker. <br /> This tanker will replace a 1983 Ford Tanker currently housed at our Station 2. Eno <br /> Fire and Emergency Services, Inc. has money set aside in a truck fund and has <br /> budgeted $125,000 this year to apply to the loan once the truck has been received. <br /> Currently,we are in a USDA grant process through.Piedmont Electric for an interest <br /> free loan. If awarded,we would be funded through the grant process with a zero <br /> percent interest. We have been approved for this grant through Piedmont Electric <br /> but are awaiting approval from the USDA. We will know by the time of delivery if we <br /> have been awarded the loan or not. <br /> Our contingency plan is to apply for a loan through the Local Government Federal <br /> Credit Union Commercial Loan Program. If this avenue is chosen, Eno will use <br /> $70,000 from our Truck Fund as a down payment to make the loan amount <br /> $210,000 over a ten year period with a fixed interest rate of 2,75%.Thank you for <br /> your support and attention to this matter. <br /> Sincerely, <br /> 13 an aker <br /> Fire Chief <br /> Eno Fire&Emergency Services <br /> 5019 US Highway 70 W <br /> Durham, NC 27705 <br /> Cc:Wayne Paschall, President Eno Fire and Emergency Services, Inc. <br />