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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> SX-/4 <br /> ACTION AGENDA ITEM ABSTRACT Itsm No <br /> Meeting Date: March 15, 1994 <br /> SUBJECT: Orange Grove Fire Department Building Expansion <br /> ------------------------------------------------------------------------ <br /> DEPARTMENT County Manager PUBLIC HEARING YES NO X <br /> ------------------------------------------------------------------------ <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Resolution Rod Visser, ext 2300 <br /> 2/16/94 Letter from Orange Grove VFD TELEPHONE NUMBER <br /> 1/27/94 Letter from CCB Hillsborough 732-8181 <br /> Excerpt from GCB Credit Manual Chapel Hill 968-4501 <br /> County Attorney' s Summary of Public Mebane 227-2031 <br /> Hearing Requirements Durham 688-7331 <br /> ------------------------------------------------------------------------ <br /> PURPOSE: To consider approval of plans by the Orange Grove Volunteer <br /> Fire Department: to expand their existing facility through a tax-exempt <br /> financing arrangement with a local financial institution. <br /> BACKGROUND: The Orange Grove Volunteer Fire Department has indicated <br /> its plans to expand their existing station, including the addition of <br /> two bays. The project architect' s estimated cost of the expansion is <br /> approximately $170,000 - $210,000. Under federal law, volunteer fire <br /> departments can qualify for tax-exempt financing of projects such as <br /> this by meeting certain qualifications and administrative steps. Two <br /> key provisions are the conduct of a public hearing on the matter, and <br /> approval of the financing arrangement by the governing board of the <br /> jurisdiction with which the fire departments contracts to provide fire <br /> service. <br /> The Orange Grove VFD Board of Directors has discussed financing of this <br /> project with several local banks. CCB has indicated to the Orange <br /> Grove Board its interest in arranging a tax-exempt loan as outlined in <br /> attachments to this abstract. <br /> At the March 1,, 1994 meeting, the Board of Commissioners authorized the <br /> Orange Grove VI?D Board of Directors to conduct a public hearing on the <br /> proposed building expansion and financing for that project. This <br /> public hearing has been scheduled for Monday evening, March 14 at <br /> Orange Grove VFD. A report on the results of the public hearing will <br /> be provided to the Board of Commissioners at the March 15 meeting. <br /> If adopted by the Commissioners, the attached resolution would indicate <br /> the Board's approval of the tax-exempt financing arrangement between <br /> Orange Grove VI?D and a local financial institution. <br /> RECOMMENDATIONa The Manager recommends that the Board adopt the <br /> resolution. <br />