|
NOTICE OF PUBLIC HEARING
ON THE PROPOSED FINANCING
OF EQUIPMENT BY THE MONONGAH VOLUNTEER
FIRE DEPARTMENT, INC.
Notice is hereby given that the Monongah Volunteer Fire Department, Inc. (the “Issuer”)
will meet on Friday, May 8, @ at 7:00 p.m. at their headquarters located at 415 Bridge Street,
Monongah, WV 26554 for the purpose of holding a public hearing pursuant to the requirements
of Section 147(f) of the Internal Revenue Code of 1986, as amended, on a proposal that the Issuer
enter into a lease-purchase agreement in order to finance One (1) New Pierce Ladder Truck, said
equipment is to be located at the fire station located at 415 Bridge Street, Monongah, WV 26554.
To finance the costs of the equipment and to pay costs and expenses incidental to the
financing, the Issuer proposes to enter into a lease-purchase agreement in the maximum aggregate
principal amount of $1,480,000.00. The Issuer will be required to pay all expenses of operating,
maintaining and insuring the equipment. The rental payments due pursuant to the lease-purchase
agreement will be secured by a security interest in the equipment.
All persons interested may appear and be heard at said time and place or may file written
comments with the President of the Issuer prior to the date of the hearing set forth hereinabove.
By the Order of the Monongah Volunteer Fire Department, Inc.
Attest: Kevin Abbott, Fire Chief
|