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County approves master-lease conduit to enable tax-exempt financing for Trinity Christian School HVAC
Summary
After a public hearing with a representative of the leasing company, commissioners approved a resolution authorizing a master lease and sublease that will allow Trinity Christian School to secure tax-exempt financing for new HVAC equipment, with the county serving only as a conduit and bearing no financial responsibility. The financing amount was discussed at about $245,000.
Monongalia County commissioners voted to approve a resolution authorizing a master lease and sublease with Country Roads Leasing LLC to allow Trinity Christian School to obtain tax-exempt financing for new HVAC equipment.
The item began with a public hearing. Jeff Smell, owner of Country Roads Leasing, told the commission that the county’s role would be to act as a conduit. “What we’re asking is that the commission adopt a resolution to act as a conduit for the financing so that…
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