ON THE PROPOSED FINANCING BY Fountain Rural Fire Association, Inc.
NOTICE IS HEREBY GIVEN the Fountain Rural Fire Association, Inc. located in Fountain, North Carolina (the Issuer), will allow for public comment on March 14, 2024 at 7:00 pm., at 6736 E Wilson St. Fountain, NC, for the purpose of holding a public hearing pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, on a proposal the Issuer enter into an agreement to finance certain equipment. The equipment to be financed consists of One (1) New Fire Apparatus and will be maintained at the fire station in Fountain, North Carolina. To finance the costs of such equipment and to pay costs and expenses incidental to the financing, the Issuer proposes to enter into a loan agreement with a maximum aggregate principal amount not to exceed $407,805.00. The Issuer will be required to pay all taxes on the equipment. The rental payments due pursuant to the loan agreement will be secured by a security interest in the equipment. All persons interested may phone in and be heard at said time and place or may file written comments with the Fountain Rural Fire Association, Inc. prior to the date of hearing set forth heretofore. Contact information – (252) 749-5321 or [email protected] |