• ON THE PROPOSED FINANCING BY Blue Ridge Hook & Ladder Fire Company No. 1

    NOTICE IS HEREBY GIVEN the Blue Ridge Hook & Ladder Fire Company No. 1 located in Stroudsburg, Pennsylvania (the Issuer), will meet on May 5th at 0700 pm, at the Snydersville Fire House, 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 the Issuer enter into an agreement to finance certain equipment. The equipment to be financed consists of One (1) New KME Ladder Truck and will be maintained at the fire station in Stroudsburg, Pennsylvania.

    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 $1,278,728.00.  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 appear and be heard at said time and place or may file written comments with the Blue Ridge Hook & Ladder Fire Company No. 1 prior to the date of hearing set forth heretofore.

    Date Published:            04/16/2020