2016/10/3 Erwin Fire and Rescue refinancing of annual debt $1,266,510 RESOLUTION REQUEST DOCUMENATION
Resolution Approving the Refinancing by Erwin Fire and Rescue Squad Inc.
Of up to $1,266,510 for the refinancing of annual debt
WHEREAS: Erwin Fire Department and Rescue Squad Inc. has determined to refinance an
amount of up to $1,266,510 for the consolation of annual debt. The United States Internal
Revenue Code requires that for such financing to be carried out on a tax-exempt basis, This
Board must first approve the financing. The Fire Department has held a public hearing on the
refinancing after published notice, as required by the code. The Fire Department has reported
the proceedings of such hearing to this Board.
BE IT THEREFORE RESOLVED by the Board of Commissioners, as follows:
The County approves the Fire Department's entering into the refinancing, as required under the
Code for the refinancing to be carried out on a tax-exempt basis. The Fire Department's
conduct of the required public hearing is approved.
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I hereby certify that the foregoing resolution was duly adopted at a meeting of the Harnett
County Board of Commissioners duly called and held on October 3, 2016, and that a quorum
was present and acting throughout such meeting. Such resolution remains in full effect as of
today.
Dated this 3rd day of October , 2016
1 / I,
Margaret 'egina Whg.ler, Clerk
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A,i• Board o 'ommissioners
* it Harnett County, NC