TITLE
Vote on a request to approve North Chatham Volunteer Fire Department for borrowing of money under tax exempt status.
ABSTRACT
Action Requested:
Vote on a request to approve the North Chatham Volunteer Fire Department's request to post notice of a public hearing, conduct a public hearing, appoint Chief John Strowd to conduct the hearing, and secure financing in the amount of $1,250,000.00 thru tax exempt borrowing.
Introduction & Background:
Technical Corrections Bill HR4333 regarding tax exempt borrowing requires that specific procedures be followed when a fire department desires to obtain tax exempt financing. Prior approval of the Governmental Body of the borrowing must be given, notice of a public hearing posted, and a public hearing conducted. The North Chatham Volunteer Fire Department has advised that they desire to borrow the sum of $1,250,000.00 under tax exempt status for the demolition of the existing fire station #3 located at 3816 Manns Chapel Road, Chapel Hill, NC., land preparation, building plans, construction of the new station, and building contents/equipment.
Discussion & Analysis:
The North Chatham Volunteer Fire Department is planning to replace fire station #3, located at 3816 Manns Chapel Road, Chapel Hill, NC, with a new structure to be located on the same property. The current station is the only remaining North Chatham Volunteer Fire Department station that is not staffed on a twenty-four (24) hour basis. Due to property restraints (size) the only option available is to construct a two (2) story structure that will provide accommodations for twenty-four (24) hour staffing and emergency response apparatus bays. The area served by station #3 has realized an increase for requests for emergency fire and rescue response and includes the Briar Chapel development. The staffing of the station will ensure faster response to the citizens living within the station #3 response coverage area. The Chatham County Fire Marshal will attend the meeting which upon approval has been proposed to be held on July 3, 2015, at 10:30AM, at the North Chatham Volunteer Fire Department station #1 located at 45 Morris Road, Pittsboro, NC.
Budgetary Impact:
None
Recommendation:
Motion to approve the North Chatham Volunteer Fire Department's request to borrow the sum of $1,250,000.00 under tax exempt status for the demolition of the existing fire station #3 located at 3816 Manns Chapel Road, Chapel Hill, NC., land preparation, building plans, construction of the new station, building contents/equipment, to post notice of a public hearing, conduct the hearing, and appointment of Chief John Strowd to conduct the hearing in accordance with the requirements of Technical Corrections Bill HR 4333.