2014-05-23 Ringgold VFD.Financing on Tax Exempt Status I
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RESOLUTION
2014-05-23
WHERAS, the Pittsylvania County Board of Supervisors under the United States Internal Revenue
Code receives a$10-million dollar allocation for tax exempt bonds each year beginning January 1; and
WHEREAS, the tax exempt bonds cover boards, agencies and commissions under the Board of
Supervisors; and
WHEREAS, the Ringgold Volunteer Fire and Rescue Department is an authorized Volunteer Fire
Department identified in Section 31-2:1 of the Pittsylvania County Code, authorizing them to participate in
financing on tax exempt status for equipment utilized by the Volunteer Fire Department for public use; and
WHEREAS, the Ringgold Volunteer Fire and Rescue Department has held a public hearing on May
19, 2014 on the tax-exempt financing after publishing the required notice by code; then
BE IT HEREBY RESOLVED, that the Pittsylvania County Board of Supervisors hereby approves
the Ringgold Volunteer Fire and Rescue Department entering into a financial agreement as required under
the United States Internal Revenue Code for financing to be carried out on a tax exempt basis in the amount
not to exceed $113,000.00 to finance one (1) Ferrara Ember HD-77 Quint, Production Number H-5228 2014
Ladder Truck and additional equipment; and
BE IT FURTHER RESOLVED that a copy of this resolution be forwarded to the Ringgold
Volunteer Fire and Rescue Department in order to supplement their financing requirements.
Given under my hand this 20th day of May, 2014
Je sie L. Barksdale, hairman
Pittsylvania County Board of Supervisors
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Otis S. awker, nerim Clerk
Pittsylvania County Board of Supervisors