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ADDITION <br /> CABARRUS COUNTY <br /> 179? <br /> BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> January 17, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> New Business <br /> SUBJECT: <br /> Emergency Management - Northeast Cabarrus Volunteer Fire <br /> Department Tax-Exempt Financing <br /> BRIEF SUMMARY: <br /> Northeast Cabarrus Volunteer Fire Department, Inc. plans to purchase a <br /> 2017 Pierce tanker through Uwharrie Bank at a cost of $273,137.00 on a <br /> tax-exempt basis for lower interest rates. In order to pursue such <br /> financing, United States Internal Revenue Code requires approval of the <br /> financing by the Board of Commissioners. Northeast Cabarrus Volunteer <br /> Fire Department, Inc. has held a public hearing on the financing, as <br /> required by the Code. Attached is a resolution for approval along with a <br /> report of the proceedings from the hearing. <br /> REQUESTED ACTION: <br /> Motion to adopt resolution. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> 5 minutes <br /> SUBMITTED BY: <br /> G-4 Page 84 <br />