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<br /> <br />CABARRUSCOUNTY <br />EMERGENCY MANAGEMENT <br /> <br />October 16,2006 <br /> <br />United Financial of North Carolina, Inc. <br />58 Wilkie Way <br />Fletcher, North Carolina 28732 <br /> <br />Re: Lease Purchase Agreement between United Financial of North Carolina, Inc. and Jackson <br />Park Volunteer Fire Department, Inc. <br /> <br />Dear Sirs: <br /> <br />I am Chairman of the County Commissioners of Cabarrus County. This letter is to advise you <br />that: Jackson Park Volunteer Fire Department, Inc. is a qualified Volunteer Fire Department, <br />assigned to protect a specific Fire District within this County. <br /> <br />In addition, a special ad valorem (fire tax) is assessed on the real property owners of this district. <br />Said tax is to be used exclusively to provide equipment, facilities, and training as is necessary to <br />provide fire protection of said district. Said funds may also be used to upgrade equipment as the <br />need arises. This tax is collected by the County and disbursed by the Finance Officer to the Fire <br />Department on a regular basis by the County Finance Officer. The Fire Department is operated <br />and managed by the Board of Directors of the Fire Department and the Officers of said <br />Department. The Department is currently meeting the requirements of their fire service contact. <br /> <br />The Fire Department has made us aware of their intention to acquire new capital assets through a <br />Lease Purchase transaction with your firm. Please be advised that the County has no objection to <br />this transaction. <br /> <br />Sincerely, <br /> <br />Robert W. Carruth, Chairman <br />Cabarrus County Board of Commissioners <br /> <br />Emergency Management and Fire Marshal's Office <br />65 Church Street, SE. PO Box 707. Concord, NC 26026 <br />Phone: 704-920-2143 Fax: 704-786-6631. www.cabarruscounty.us <br /> <br />~ <br />~ <br />HBRlH NA <br /> <br />r-\~ <br />