Public Hearing - Valley Volunteer Fire Department, Inc.
PUBLIC NOTICE IS HEREBY GIVEN that the Valley Volunteer Fire Department, Inc. will meet 12/6/2019 at the firehouse, located at 1946 Tates Springs Road, East Stone Gap, VA 24246 at 7:00 PM, in 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 Lessee enter into a Lease-purchase agreement with Republic First National Corp. under the "Code" in order to finance the acquisition of equipment. The equipment to be financed consists of One (1) 1993 Pierce Dash Pumper & One (1) 1996 Hackney Heavy Rescue Truck (the "Equipment") and will be located at the firehouse in East Stone Gap, VA 24246. To finance the costs of such Equipment and to pay costs and expenses incidental to the financing, the Lessee proposes to enter into the Lease-purchase agreement with Republic First National Corp. in the maximum aggregate principal amount of $60,000.00.
The Lessee will be required to pay all expenses of the operating, maintaining, and insuring the Project and to pay all taxes on the Equipment. The rental payments due pursuant to the Lease-purchase agreement will be payable and secured by a security interest Lien on the Equipment above here mentioned. All persons interested may appear and be at said time and place or may file written comments with the department prior to the hearing set forth herein above. 11/5/2019. By the order of the Valley Volunteer Fire Department, Inc.
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