ON THE PROPOSED FINANCING BY
The Volunteer Fire Company, No. 1, of Coaldale,
NOTICE IS HEREBY GIVEN The Volunteer Fire Company, No. 1, of Coaldale, Pennsylvania located in Coaldale, Pennsylvania
(the Issuer), will allow for public comment on Friday October 23, 2020, at 7:00 pm., via the following: local
phone number 570-645-3796, 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 a 2002 Spartan aerial scope and a 1994 Seagrave pumper truck and will be
maintained at the fire station in Coaldale, 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 $155,000.00. 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 phone in and be heard at said time and place or may file written comments with The Volunteer Fire
Company, No. 1, of Coaldale, Pennsylvania prior to the date of hearing set forth heretofore.
Date Published: Friday October 16, 2020