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Agenda 01-18-22; 8-h - Approval of Financing Arrangements for New Hope Volunteer Fire Department to Purchase Fire Truck
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Agenda 01-18-22; 8-h - Approval of Financing Arrangements for New Hope Volunteer Fire Department to Purchase Fire Truck
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1/13/2022 2:04:07 PM
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1/18/2022
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Agenda
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8-h
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Agenda for January 18, 2022 BOCC Meeting
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s - <br /> n NEW HOPE 4 <br /> Street Address(Station 1): Mailing Address: <br /> 4012 Whitfield Road P.O.Box 16484 <br /> °4 Chapel Hill,NC 27514 Chapel Hill,NC 27516 <br /> FlEo Phone:(919)493-1001 www.newhopefiire.com <br /> Fax: (919)419-0241 <br /> New Hope Volunteer Fire Department of Orange County, Inc. <br /> December 9, 2021 <br /> Mr. Gary Donaldson <br /> Orange County Finance and Administrative Services <br /> PO Box 8181 <br /> Hillsborough, NC 27278 <br /> Dear Gary, <br /> The New Hope Volunteer Fire Department is in the process of purchasing a new fire engine to <br /> replace and aging 1990 fire engine. Specifications for the new truck were sent to fire truck dealers to <br /> met the requirement for a competitive bid process to purchase the truck. Low bid was awarded to <br /> Atlantic Coast Fire Trucks in the amount of$621,715.00. The fire department will make a down <br /> payment of$221,715.00. The fire department applied for and received an interest free loan in the <br /> amount of$400,000. from Piedmont Electric Membership Corporation to finance the remaining <br /> balance on the track. <br /> The fire department had a public notice published in the New of Orange on November 10, 2021 and <br /> documentation is included with this letter. The fire department held a public hearing on November <br /> 22, 2021 at 7:00pm. No one from the public attended and there were no comments offered during <br /> the public hearing which closed at 7:20pm. The fire department board of directors ask that the Board <br /> of County Commissioners approve and sign the necessary documents to meet the requirements of <br /> section 147(0 of the Internal Revenue Service. If you need additional information, please contact me <br /> at cliff.carroll(a)-newhooefire.com. Thank you for your assistance with this matter. <br /> Regards, <br /> n/} � ,, <br /> l;, uk <br /> Cliff Carroll, President <br /> Board of Director; <br /> New Hope Fire Department <br />
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