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1742 <br />f' �l <br />RESOLUTION APPROVING THE FINANCING BY GEORGEVILLE <br />VOLUNTEER FIRE DEPARTMENT, INCORPORATED OF UP TO $500,000 <br />FOR REFINANCING EXISTING FIRE EQUIPMENT <br />WHEREAS, Georgeville Volunteer Fire & Rescue, Incorporated has determined to <br />finance an amount of up to $500,000 for existing fire equipment debt; and <br />WHEREAS, the United States Internal Revenue Code requires that for such financing to <br />be carried out on a tax - exempt basis, this Board must first approve the financing; and <br />WHEREAS, the VFD has held a public hearing on the financing after published notice, as <br />required by the Code; and <br />WHEREAS, the VFD has reported the proceedings of the hearing to this Board; <br />NOW, THEREFORE, BE IT RESOLVED, that the Cabarrus County Board of Commissioners <br />approves the VFD's entering into the financing, as required under the Code for the financing to <br />be carried out on a tax - exempt basis. The VFD's conduct of the required public hearing is <br />approved. <br />Adopted this the 21 day of September, 2015. <br />Stephen M. Morris, Chairman <br />Board of Commissioners <br />ATTEST: <br />Megan I.E. Smit, Clerk to the Board <br />Attachment number 4 \n <br />F -4 Page 77 <br />