Lowell Volunteer Fire Department

ON THE PROPOSED FINANCING BY Lowell Volunteer Fire Department Inc

NOTICE IS HEREBY GIVE the Lowell Volunteer Fire Department Inc located in Lowell, Indiana (the Issuer), will allow for public comment on: 3/13/2023 (date), at 7:00 am/pm., via the following: local or toll free phone number (219) 696-6144 for the purpose of holding a public hearing pursuant to the requirements of Section 147(1) 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 Ford F-150 STS Model XL with Upfitting and will be maintained at the fire station in Lowell, Indiana.

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 $90,000.00. 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 Lowell Volunteer Fire Department Inc prior to the date of hearing set forth heretofore.

Date Published: March 7, 2023

Proposed Financing

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The Lowell Volunteer Fire Department was organized in 1897 by a group of citizens to protect their own property and businesses as well as others. The first meeting was held October 5, 1897 with the first appointed Chief being M.E. Nafus. On November 2, 1897, Charles Sherard was the first elected Chief. He served in that position until June 7, 1898. Listed under separate heading are the men who have served as elected Chief to this department. In the past 122 years, there have been only 22 Chiefs. Read More