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1792 <br /> Al <br /> r <br /> RESOLUTION APPROVING THE FINANCING OF NORTHEAST CABARRUS <br /> VOLUNTEER FIRE DEPARTMENT, INC. FOR UP TO$273,137 FOR <br /> PURCHASE OF NEW FIRE APPARATUS <br /> WHEREAS, Northeast Cabarrus Volunteer Fire Department, Inc. has determined to <br /> finance an amount of up to $273,137 for a new Pierce tanker; and <br /> WHEREAS, the United States Internal Revenue Code requires that for such financing to <br /> be carried out on a tax-exempt basis, the Cabarrus County Board of Commissioners must first <br /> approve the financing; and <br /> WHEREAS, Northeast Cabarrus Volunteer Fire Department, Inc. has held a public hearing <br /> on the financing after published notice, as required by the Code; and <br /> WHEREAS, Northeast Cabarrus Volunteer Fire Department, Inc. has reported the <br /> proceedings of the hearing to this Board; <br /> NOW,THEREFORE, BE IT RESOLVED, that the Cabarrus County Board of Commissioners <br /> approves Northeast Cabarrus Volunteer Fire Department, Inc. to enter into the financing, as <br /> required under the Code for the financing to be carried out on a tax-exempt basis; including <br /> approval of Northeast Cabarrus Volunteer Fire Department's required public hearing. <br /> Adopted this the 17th day of January, 2017. <br /> Stephen M. Morris, Chairman <br /> Board of Commissioners <br /> ATTEST: <br /> Megan I.E. Smit, Clerk to the Board <br /> G-4 Page 86 <br />