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Financing Letter - Waxhaw Community Volunteer Fire Department and Rescue Squad
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INFORMATION CONTACT:
Patrick Niland, Assistant County Manager, 704-283-3630
ACTION REQUESTED:
Authorize Chairman of the Board to sign the attached letter.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
The Waxhaw Community Volunteer Fire Department and Rescue Squad is building a new station at 7013 Waxhaw Creek Road, Waxhaw, NC 28173. The Fire Department is utilizing a lease/purchase financing agreement with HomeTrust Bank. As part of the financing documents, the bank requires a letter from Union County, signed by the chair, stating that Waxhaw is allowed to provide fire service in Union County, they are in good standing, the fire tax district supports fire operations, and that the department has made the county aware of this financing agreement.
FINANCIAL IMPACT:
None.