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Fuquay Varina approves financing for four new fire engines; First National Bank selected
Summary
The board approved an installment purchase agreement with First National Bank to finance $2.276 million after state appropriation and budgeted payments for four Spartan fire engines delivered to the town.
The Fuquay Varina Town Board on March 24 approved financing to reimburse the town for four Spartan fire engines recently delivered and put into service, awarding an installment purchase agreement to First National Bank at a 4.25% interest rate.
Assistant Town Manager Mark Matthews told the board the four engines cost $3.9 million. The town recorded a state legislative appropriation of…
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