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ICAOARRUSCOUNtYI <br /> <br />RORTR CAROLINA <br /> <br />MEMORANDUM <br /> <br />September Agenda Item <br /> <br />To: Board of Commissioners <br /> <br />Date: September 3, 1999 <br /> <br />Re: Financing Support for N. E. Fire District Station Replacement <br /> <br />The N. E. Fire District is in the process of attempting to replace its existing fire station that <br />lies within the right-of-way of the Hwy. 49 widening. The department has requested <br />assistance in this effort. <br /> <br />Because the Fire District is tax supported, but small in size, I believe it is appropriate that <br />we assist but not subsidize its efforts. <br /> <br />It is requested that the County Commission authorize myself and the County Attorney to <br />negotiate a financing agreement in the amount not to exceed $250,000 for an interest free <br />loan of ten (10) years; with monthly payments of $1400 collected quarterly; any remaining <br />balance at the end often (10) years to be repaid at that time. <br /> <br />This effort would be consistent with previous efforts to assist but not subsidize other <br />volunteer fire departments. <br /> <br />*Approval of this request should also authorize the appropriate county budget <br />amendments. <br /> <br /> Office of the County Manager <br />Po. 9cx 707 ,Ccncord, NC 28026-0707 · (704) 788-8100 · Charlotte (704) 375-0829 <br /> <br /> <br />