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'r <br />r FEDERAL <br />Ir SIGNAL <br />(;QRPOR TI©N <br />August 9, 1990 <br />Mr. Mike Bordeaux <br />New Hope VFD, Inc. <br />4700 NC86 <br />Chapel Hill, NC 27514 <br />3 <br />Re: Lease /Purchase of Two Emergency One Model Pro XLT Pumper /Tankers <br />Dear Mr. Bordeaux: <br />Emergency One, Inc. is pleased to provide the New Hope Volunteer Fir <br />Department with financing assistance for its purchase of two new E -One <br />pumper /tankers. <br />Federal Signal Leasing, like Emergency One, Inc., is a wholly- owne-_ <br />subsidiary of Federal Signal Corporation and was established in 1983 t- <br />handle all of the administrative aspects of our financing programs. <br />Volunteer departments, in order to qualify for tax -exeWt financing, =us- <br />meet certain conditions under the federal tax code, including the reduiremen- <br />for a public hearing. A summary of our interpretation of these "Publi- <br />Hearing Requirements" is enclosed to assist you. <br />Exhibit B -1 of our contract requires the signature of an authorized party t-. <br />verify that the above requirements have, in fact, been met. Please review i-. <br />promptly (perhaps with your attorney) to determine if immediate action i.- <br />needed on your part. <br />Enclosed is our standard lease /purchase agreement. The docent has bee: <br />marked with red "X "s where signatures of authorized personnel are required <br />These include: <br />1. Nwicipal Lease fi QptioLa Are t (Carbonized Form, <br />Pages 1 -3). Please sign and date in the lower right -hand <br />corner of the form. <br />2. Aggp9tance Certificate (Carbonized Form, Page 4). Bee <br />instructions on next page. <br />3. InsuEMSe Cove a B—egmirements and__EjM at ial <br />of Funds j&tter (Carbonized Form, Page 5). This form <br />should be completed with requested informtion, signed <br />and dated, <br />4. P&yMt gchedule (Attachment). Please sign acknowledge- <br />meet and acceptance of payment terms. <br />5. Exhibit •B -1.1 (Attachment) is your certification to us <br />that your department qualifies within the meaning of <br />Section 150(e) of the Internal Revenue Code. Please <br />review and sign where indicated. <br />6. IRS Fo 0 8- (Attachment). Please complete with <br />required information and sign where indicated. <br />(Contd.) <br />REGENCY TOWERS, 1415 W. 22nd STREET • OAK BROOK, ILLINOIS 80521 • PHONE (708) 954-2000 • FAX (708) 964-2034 <br />