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NorthEast Cabarrus VFD. 1500 Lentz Harness Shop Rd. N. <br /> Mt. Pleasant, NC 28124 <br /> <br />September 8, 1999 <br /> <br />Mr. Frank Clifton, County Manager <br />PO Box 707 <br />Concord, NC 28026 <br /> <br />Dear Mr. Clifton: <br /> <br />Thank you for taking the time to meet with myself and the other Board members regarding the <br />relocation of NorthEast Fire Department. As you know, the Department of Transportation has <br />mandated NorthEast be moved to accommodate the NC Highway 49 four-lane expansion project. This <br />has placed this department in an unusual financial dilemma. <br /> <br />The Board of Directors for NorthEast Cabarrus VFD and Community Center respectfully request an <br />interest free loan in the amount of $250,000 accrued monthly and paid in quarterly installments of <br />$4,200. At the end of the 10-year period, a balloon payment of $82,000 may be paid off in full, or <br />extended for an additional five years if necessary. <br /> <br />The NorthEast Directors will try to retire the debt early if possible, and may do so without penalty. <br /> <br />Once again, thank you and the commissioners for your support to NorthEast VFD. <br /> <br />Sincerely, <br />lo~amhar~~, ~ rasident <br />NCVFD <br /> <br />c: file <br /> NCVFD board members <br /> Sylvia Coley, Secretary <br /> <br /> <br />