|ON THE PROPOSED FINANCING BY PINCH VOLUNTEER FIRE DEPARTMENT, INC.|
|By DEPUTY CHIEF Charlie Cunningham|
|August 18, 2023|
ON THE PROPOSED FINANCING BY PINCH VOLUNTEER FIRE DEPARTMENT, INC.
NOTICE IS HEREBY GIVEN the Pinch Volunteer Fire Department, Inc. located in Pinch, WV (the Issuer), will allow for public comment through August 28, 2023, at 5:00pm., via email at firstname.lastname@example.org or via phone at 304-965-1657, for the purpose of satisfying the public hearing requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, on a proposal the Issuer enter into an agreement to finance certain equipment. The equipment to be financed consists of a 2011 Sutphen Pumper and will be maintained at the fire station in Pinch, WV.
To finance the costs of such equipment and to pay costs and expenses incidental to the financing, the Issuer proposes to enter into a loan agreement with a maximum aggregate principal amount not to exceed $150,000.00. The Issuer will be required to pay all taxes on the equipment. The rental payments due pursuant to the loan agreement will be secured by a security interest in the equipment.
All persons interested may be heard throughout the public comment range stated above or may file written comments with the Pinch Volunteer Fire Department prior to the date of hearing set forth heretofore.
Date Published/Posted: August 18, 2023