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Sugar Creek Fire chief seeks county permission for debt service fund for two new pumpers
Summary
Sugar Creek Fire Chief Derek Scott and counsel asked the Vigo County Council to approve creation of a debt service fund required by state oversight so the district can pursue lease financing for two new custom pump apparatus.
Sugar Creek Fire Chief Derek Scott told the Vigo County Council that Sugar Creek Fire Protection District is seeking county approval to create a debt service fund so it can complete lease financing for two new custom pump apparatus.
Attorney presenting the resolution said the step is required by the Indiana Department of Local Government Finance (DLGF) to allow the district to proceed with its lease financing proposal; the county's approval is a…
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