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MEMORANDUM <br />September 3, 1999 <br />Page 2 <br /> <br />N. E. Fire District <br />New Fire Station <br /> <br />$250,000 Interest Free Loan <br />$1400 /with payments for 10 years <br /> <br />Balance due at end often years as balloon payment <br />Ability to pay off loan at any time (early) <br /> <br />IF agreeable allow for authorization to occur at September 20th meeting. <br /> <br />Respectfully, <br /> <br />cc: Fletcher Hartsell <br />FWC/dpl <br /> <br /> <br />