Title
Vote on a request by the North Chatham Volunteer Fire Department to post notice of a public hearing, appoint Chief John Strowd, North Chatham Volunteer Fire Department, to conduct the public hearing, and secure financing in a sum not to exceed $2,000,000.00 through tax exempt borrowing.
Abstract
Action Requested: Vote on a request by the North Chatham Volunteer Fire Department to post notice of a public hearing, appoint Chief John Strowd, North Chatham Volunteer Fire Department, to conduct the public hearing, and secure financing in a sum not to exceed $2,000,000.00 through tax exempt borrowing.
Introduction & Background: Technical Corrections Bill HR4333 (Attachment "A") 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, appointment of a person to conduct the hearing, and a public hearing conducted. The North Chatham Volunteer Fire Department has advised that they desire to borrow a sum not to exceed $2,000,000.00 under tax exempt borrowing status and refinance their previously approved loans.
Discussion & Analysis: The North Chatham Volunteer Fire Department is seeking approval of tax exempt financing for: the repair of the concrete driveway at Station #19 located on Seaforth Rd, improvements to Station #1 located on Morris Rd. and an addition apparatus bays and remodel of the living quarters of Station #2 located on Farrington Point Rd. The addition of staff has created a need for more beds and living area and this has been accentuated by the requirements of personnel separation due to Covid19. Station #19 has had issues with the concrete driveway cracking and separating. A Professional Engineer is currently evaluating the condition of the driveway and may make a recommendation of repair and/or replacement. The North Chatham Volunteer Fire Department i...
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