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, 4 <br /> that we can afford loan payments of about $30,000 per year for a , <br /> period of 6-8 years. We will not need to increase the fire tax to <br /> finance the loan. <br /> We have spoken with four commercial lenders in the County and <br /> all have been eager to reach an agreement with us. At least one <br /> lender has said that a loan at below prime is possible if we meet <br /> certain requirements, one of which is a public hearing on the <br /> matter. <br /> Should the Commissioners affirm our project, we would like a <br /> letter to this effect from John Link. The letter should also <br /> attest that: <br /> - we are financed by a fire tax levied in our district <br /> and that no other fire service covers our district <br /> (mutual aid aside) ; <br /> - there is a written agreement between the County and Orange <br /> Grove Volunteer Fire Co. to provide fire and rescue <br /> service to our fire district. A copy should be attached. <br /> This letter may be sent to me at the address below. <br /> We really appreciate your efforts in helping us secure a low <br /> interest loan for this project. It should result in our being <br /> able to save the tax payers a significant amount of money. <br /> Sincerely, <br /> Edward S. Johnso , President <br /> orange Grove Volunteer Fire Company <br /> 6000 Buckhorn Road <br /> Hillsborough, NC 27278 <br /> esj\ogvfc\letter.27 <br />