Agenda - 09-19-2007-4f - Laserfiche WebLink

Browse Search

Public Notice Public Notice is hereby given that the Orange Rural Fire Department No. 1 Inc. will meet on Thursday, 9/6/2007 at the fire department located at 206 S. Churton Hillsborough, NC 27278 at 7:OOpm, in a public hearing pursuant to the requirements of section 147(f) of the Internal Revenue Code of 1986, as amended, on a proposal that the buyer enter into a term. loan under the "Code" in order to finance the acquisition of equipment. The equipment to be financed consists of a 1992 Simon-Duplex/Saulsbury Rescue Truck and will be located at the firehouse on Hillsborough, NC. To finance the costs of such equipment and to pay costs and expenses incidental to the financing, the Buyer proposes to enter into a term loan agreement in the maximum aggregate principal amount of $180,000.00: The Buyer will be required to pay all expenses of the operating, maintaining, and insuring the project and to pay all taxes on the Equipment. T'he payments due pursuant to the term loan agreement will be payable and secured by a security interest Lien on the Equipment above here mentioned. All persons interested may appear and be at said time and place or may file written comments with the department prior to the hearing set forth herein above, 8/22/2007. By the order of the Orange Rural Fire Department No. 1, Inc.