NOTICE IS HEREBY GIVEN the Smoot Area Volunteer Fire Department, Inc. located in Smoot, West Virginia (the issuer), will meet on the the 21st day of February 2020 , at 12:30 pm., at the Smoot Fire House, for the purpose of holding a public hearing pursuant of the 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 One(1) New E-One Pumper Truck with Equipment and will be maintained at the fire station at Smoot, West Virginia.
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 $345,100.00. 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 secure interest in the equipment.
All persons interested may appear and be heard at said time and place or may file written comments with the Smoot Area Volunteer Fire Department, Inc. prior to the date of hearing set forth heretofore.
Date Published: February 14, 2020