TITLE
Vote on a request by the Pittsboro Volunteer Fire Rescue Department to approve the purchase of emergency fire apparatus, post notice of a public hearing, appoint Chief Daryl Griffin, Pittsboro Volunteer Fire Rescue Department, to conduct the public hearing, and secure financing in a sum not to exceed $900,000.00 through tax exempt borrowing.
ABSTRACT
Action Requested:
Chatham County Board of Commissioners vote on a request to approve the purchase of emergency fire apparatus, post notice of a public hearing, appoint Chief Daryl Griffin, Pittsboro Volunteer Fire Rescue Department, to conduct the public hearing, and secure financing in a sum not to exceed $900,000.00 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 Pittsboro Volunteer Fire Rescue Department has advised that they desire to borrow a sum not to exceed $900,000.00 under tax exempt borrowing status (Attachment "B) for the purchase of pumper/engine apparatus and related equipment for the apparatus.
Discussion & Analysis:
The Pittsboro Volunteer Fire Rescue Department is seeking approval of tax exempt financing for the purchase of one (1) piece of emergency response apparatus. The purchase of the pumper/engine apparatus will replace a 2004 E-One pumper/engine apparatus in the Circle City Fire District. The purchase of the new pumper/engine will replace aging equipment. Funds will also be utilized for the purchase of related equipment for the one (1) pieces of emergency apparatus. If desired, the Chatham County Fire Marshal will attend the meeting.
Budgetary Impact:
None
Recommendation:
Chatham County Board o...
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