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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 3/26/07 Agenda Item # ~ - ~ <br />SUBJECT: <br />Midland VFD Requests an Interest-free Loan from Cabarrus County to Construct a Fire <br />Station <br />BRIEF SUMMARY: <br />At the March 2007 Work Session, Midland VFD requested a 15 year $900,000 interest-free <br />loan to build a fire station on Hwy 24/27 to provide service for unprotected areas. <br />REQUESTED ACTION: (Suggested motion !f the Board approves the agenda item as presented) <br />Consider approval of a loan to Midland VFD for construction of a fire station. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Bobby Smith, EM Director <br />Name /Job Title <br />Date: 3/13/07 <br />Budget Amendment Required: ^ Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^ No <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a New Business item. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />~7 " <br />