NOTICE

ON THE PROPOSED FINANCING BY French Broad Volunteer Fire & Rescue, Inc. 

NOTICE IS HEREBY GIVEN the French Broad Volunteer Fire & Rescue, Inc. located in Alexander, North Carolina (the Issuer), will allow for public comment on Feb. 1,2022, at 7pm., via the following: local Email fbfr@frenchbroadfire.com, 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 KME Fire Engine and will be maintained at the fire station 572 Fletcher Martin Rd. Alexander, 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 $528,950.00. 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 Email in and be heard at said time and place or may file written comments with the French Broad Volunteer Fire & Rescue, Inc. prior to the date of hearing set forth heretofore.  

Date Published: January 23, 2022

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