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<br />FROM: Mt!FD <br /> <br />PHONE NO. : 704 88S 0657 <br /> <br />Nov, 13 2005 12:55PN P3 <br /> <br />EXTRACTf'ROM MINUTES OF BOARD OF DIRECTORS OF <br />THE MIDLAND ViOLUNTEEREIRE. DEPARTMENT"NORTH CA.ROUNA <br /> <br />ne.~Q;f,Dk~o!..the.,MUIlai!.d. VQ.~ Fiu.D.cp.anmcnt,.~.~(the.. <br />"Boall1 ofJ?irectors"), 1J1e~.i ill regular s~ at the. Wkeoftbe . MiGland '. V.oluu.~llllI' Pire <br />tA._t.uent'III'CabllmI&~,.; lWrlbCaroJina".ai 7:00.P..M. on-Sept<<nbor22:, 2005- WIth Clyde'... <br />Kuntz OIa:innan.presiding. i}:heiOlJowing Bori ofDirllctlt~Membetswere: <br /> <br />PRESENT: p.roeK~~ Don- Bnll'ltort. Jason.€ook, Howard T~ Monict-r-;,., . <br /> <br />ABSENT: KeithDrake;; JoeHutlv <br /> <br />ALSO PRESENT: ~B1:Irnet!&. C-J..iJ <br /> <br />.-.. *' .. ......~*- *. *"...:... · ... *' .............. *. 11I;,-' *,." <br /> <br />1be-€bairmm:t stated!,thathe- baa beetrlldvised'that'MidIanct-'''o-~'irdtep...tl~ . <br />(the "'Department"} intends tQ borrow'up to S328;3S8.00(the "loan") from First Charter Bank to <br />fiJIan<;c tlie: w::quisitfon ofa ~.Pumpcr F'Ji'c Trucli: (tIle: "Project'); 11\oPtojoct wilt&c owned' <br />and'opetlltccfby the Dcpartmjmt. Neither CilOarrus County nor any agency th<<eofslialI&c liable <br />in any event fur the repaym~t oftlie Loan. 11\e toan does not collStnute an lhdebledi:1c5s of <br />Cabmus County or any ag~ thC1'llOf and does not constitute or create in any manner a debt or <br />liability ofCabarrus County ,r any agency thereof: <br /> <br />Under applicablcfed~incomctaxlaw"" thc-mterest on the Loan willllOl be exempt <br />1iom federal income taxat~n unless" among, other things" the Board .of Dircc:tQJ:S has" bx <br />resolution aft.e.r having. held .. public hearing. QJ;l.behaIf of Cab= County, approved the Lolln. <br />~ tbc:. FQp:ISed, l'mjc:<<t l\lll1 thm. tlKt ~ Q-f. CommissiollCkS, ",f C~.CQuaty by <br />. Reso1ucion appNves theLoaJ$ and the pro}lOQdProjeQt.. <br /> <br />The, Chainuan then st~ed that a. nolke,had bom published by lhc Clcri;. lO-lhc..Board. of <br />Direet&non.Septemlle: 50, 2$5o.~tbathe&lw&fDir~nw~ul&hDlQ'a.plOblic ~ <br />on beWf f1iCabamls Comtt~, North ~Hna on Soptembcr 22, 2005- 0f} dlo preposw Lom and <br />tl1a- ~vj"",1'(the- "Nutice''}. <br /> <br />At 7:00 P.M. the C~....... announ.:ed that the Board of 1>irectol'll would heat anyono <br />who wished'to be heard on th. advisabilityot'the toan and the Project~ <br /> <br />Chief' Burnette, gave t' bricf'description of the ploposcd Project The presiding oBicer <br />then t=)gni~ed such persona '(any, who appca1'ccl'oillicr in person or by attorney, to be lioard' on <br />the question of the advisabilill,y of the Project or the Loan. The Clerk to the Board ofDitmors <br />rcported'that no written comnlent about thcproposccrpl'Ojoct or the Loan hadllcen received'. No <br />members of the public made ap appearance at said meeting or asked to speak. <br /> <br />1='-4 .~ <br />