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97 <br />Grant Project Fund sufficient specific detailed accounting <br />to the grantor agency required by the grant agreement and <br />federal and state regulations. <br />Section 6. Funds may be advanced from the General Fund for the purpose <br />of making payments due. Reimbursement requests should be <br />made to the grantor agency in an orderly and timely manner. <br />Section 7. Copies of this grant project ordinance shall be made <br />available to the finance officer for direction in carrying <br />out this project. <br />8. pURCHASE OF NEW FIRE TRUCKS FOR NEW HOPE VOLUNTEER FIRE DEPT. <br />To approve the resolution stated below which approves the <br />lease and option agreement between New Hope Volunteer Fire Department <br />and Emergency One, Inc. <br />EXTRACT FROM MINUTES OF THE BOARD OF <br />COMMISSIONERS OF THE <br />COUNTY OF ORANGE, NORTH CAROLINA <br />The Board of Commissioners of the County of Orange, North <br />Carolina (the "Board "), met in regular session in the Courtroom of the <br />Chapel Hill Post office, East Franklin Street, Chapel Hill, North <br />Carolina, the regular place of meeting at 7:30 p.m. on October 16, 1990 <br />with Moses Carey, Jr. Chairman presiding. The following Commissioners <br />were: <br />PRESENT: Chairman Moses Carey, Jr., and Commissioners Stephen <br />Halkiotis, John Hartwell, Shirley Marshall, and Don Willhoit. <br />ABSENT: None. <br />Action agenda item abstract number V-B and its attachments were <br />presented to the Board for its consideration. The following resolution <br />was then presented for consideration by the Board: <br />RESOLUTION APPROVING THE LEASE AND OPTION AGREEMENT BETWEEN NEW <br />HOPE VOLUNTEER FIRE DEPARTMENT, INC. AND EMERGENCY ONE, INC. <br />WHEREAS, the New Hope Volunteer Fire Department has represented <br />to the Board of Commissioners of Orange County that it needs two new <br />pumper tanker fire trucks more specifically described in action agenda <br />item abstract number V -B; and <br />WHEREAS, New Hope Volunteer Fire Department is not able to pay <br />for these fire trucks entirely with funds on hand; and <br />WHEREAS, New Hope Volunteer Fire Department is able to borrow <br />funds to complete the purchase of these trucks at a favorable interest <br />rate if the loan is approved by the unit of local government with which <br />the fire department contracts to provide fire protection; and <br />WHEREAS, the Board of County Commissioners desires to approve a <br />lease and option agreement between New Hope Volunteer Fire Department <br />and Emergency One, Inc.; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of County <br />