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RESOLUTION APPROVING THE INCURRENCE BY <br />WINECOFF VOLUNTEER FIRE DEPARTMENT, INC. OF UP TO <br />$155,700.00 INDEBTEDNESS FROM FIRST CHARTER NATIONAL BANK <br />TO FINANCE THE ACQUISITION OF ONE FIRE TRUCK <br /> <br /> Wl:IEREAS, THE WINECOFF VOLUNTEER FIRE DEPARTMENT, INC. PURSUANT <br />TO NOTICE DULY GIVEN (THE "NOTICE"), HAS I-IELD A PUBLIC HEARING ON THE <br />PROPOSED LOAN AND CONSIDERED THE COMMENTS OF PERSONS WHO REQUESTED <br />TO BE HEARD AS EVIDENCED BY THE MINUTES OF THE PUBLIC HEARING <br />EXECUTED BY THE SECRETARY OF WINECOFF VOLUNTEER FIRE DEPARTMENT, INC., <br /> <br /> WI~IEREAS, NEITHER THE COUNTY NOR ANY AGENCY THEREOF SHALL BE <br />LIABLE IN ANY EVENT FOR THE REPAYMENT OF THE LOAN, THE LOAN DOES NOT <br />CONSTITUTE AN INDEBTEDNESS OF THE COUNTY OR ANY AGENCY THEREOF AND <br />DOES NOT CONSTITUTE OR CREATE IN ANY MANNER A DEBT OF LIABILITY OF THE <br />COUNTY OR ANY AGENCY THEREOF; AND <br /> <br /> WlqF~AS,~ BOARD OF COUNTY COMMISSIONERS DESIRES TO APPROVE <br />THE LOAN. <br /> <br /> NOW TFIEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF THE COUNTY OF CABARRUS AS FOLLOWS: <br /> <br />THE PUBLICATION OF THE NOTICE AND THE DESIGNATION OF SAID <br />MEETING AS A PUBLIC HEARING ON THE LOAN IS HEREBY RATIFIED <br />AND APPROVED. <br /> <br />THE INCURRENCE BY THE WINECOFF VOLUNTEER FIRE DEPARTMENT, <br />INC. OF INDEBTEDNESS OF UP TO $155,700.00 TO FIRST CHARTER <br />NATIONAL BANK TO FINANCE THE PURCHASE OF ONE FIRE TRUCK, TO <br />BE LOCATED AT WINECOFF VOLUNTEER FIRE STATION, 328 STEWART <br />STREET, CONCORD, NORTH CAROLINA 28027 IS HEREBY APPROVED. <br /> <br />THIS RESOLUTION SHALL TAKE EFFECT IMMEDIATELY UPON ITS <br />PASSAGE. <br /> <br />ADOPTED THIS THE <br /> <br />__ DAY OF FEBRUARY, 1997. <br /> <br />COUNTY OF CABARRUS <br /> <br />BY: <br /> <br />CHAIRMAN OF COMMISSIONERS <br /> <br />ATTEST <br /> <br />BY: <br /> <br />CLERK TO BOARD <br /> <br /> <br />