On the proposed financing by Oldwick Fire Company
NOTICE IS HEREBY GIVEN the Oldwick Fire Company located in Oldwick, New Jersey [the Issuer], will allow for public comment on Friday, February 5, 2021 at 7 PM., via the following local telephone number 908-439-2448, 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) 2011 Pierce Qantum Rescue Pumper VIN#4P1CU01E2BA011467 and will be maintained at the fire station in Oldwick, NJ.
To finance the costs of such equipment and 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 $246,000. 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 phone in and be heard at said time and place or may file written comments with the Oldwick Fire Company prior to the date of hearing set forth heretofore.
Date Issued January 26, 2021