2020-04-03 Mount Hermon Fire and Rescue Tax Exempt PITTSYLVANIA COUNTY BOARD OF SUPERVISORS
RESOLUTION # 2020-04-03
WHEREAS,the Pittsylvania County Board of Supervisors(the"Board"),under the United States Internal
Revenue Service ("IRS") Code, receives a ten (10) million-dollar allocation for tax-exempt bonds each year
beginning January 1; and
WHEREAS, said tax-exempt bonds cover boards, agencies, and commissions serving under or at the
Board's authorization; and
WHEREAS, Mount Hermon Fire and Rescue ("Mount Hermon") is an authorized Volunteer Fire and
Rescue Department identified in Chapter 11, Public Safety, of the Pittsylvania County Code; thereby, authorizing
it to participate in tax-exempt financing for equipment utilized by it for a public use; and
WHEREAS, Mount Hermon desires to utilize tax-exempt bonds in an amount not to exceed $750,000 to
refinance its Fire and Rescue Station; and
WHEREAS, Mount Hermon held a public hearing on March 12, 2020, on the potential utilization of said
tax-exempt financing, after legally publishing the notice as required by IRS Code.
NOW, THEREFORE, BE IT HEREBY RESOLVED, that the Board hereby approves Mount
Hermon's utilization of tax-exempt bonds for financing in an amount not to exceed $750,000 to refinance its Fire
and Rescue Station; and
BE IT FURTHER RESOLVED, that a copy of this Resolution be forwarded to Mount Hermon to
supplement its financing requirements.
Given under my hand this 21st day of April, 2020.
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„ r ' obert (`Bo.") W. Warren, Chairman
Pittsylvania County Board of Supervisors
JA 1.4'^ W, ATTESTAt
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►. via M. rman, Clerk
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� ,jme Pittsylvania County
`p. r ,, y Board of Supervisors
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