ON THE PROPOSED FINANCING FOR THE BENEFIT OF Swannanoa Volunteer Fire Department & Rescue Squad, Inc.

NOTICE IS HEREBY GIVEN that the Swannanoa Volunteer Fire Department & Rescue Squad, Inc. (the “Fire Department”), will hold a public hearing at the request of and on behalf of Buncombe County, North Carolina (the “County”) on August 4, 2026, at 7:00 pm as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), on a proposed plan of finance under which the Fire Department will acquire and finance certain equipment consisting of One (1) Aerial Ladder Truck and One (1) Custom Pumper Truck (collectively, the “Equipment”).

The Equipment will be owned, operated and maintained by the Fire Department at one of its fire stations located at 103 South Ave. or 510 Bee Tree Rd. in Swannanoa, North Carolina (collectively, the Equipment) pursuant to an arrangement between the Fire Department and the County.
The public hearing will take place at the Swannanoa Fire Department’s Bee Tree Station, located at 510 Bee Tree Road, Swannanoa, NC 28778.

To finance the costs of the Equipment and to pay costs and expenses incidental to the financing, the Fire Department expects to enter into a tax-exempt obligation (the “Lease”) and to use the proceeds of the Lease to purchase the Equipment. The maximum aggregate principal amount of the Lease will not exceed $3,424,950.00. The $3,424,950 proceeds of the Lease may be used to finance all, a portion, or none of the Equipment located at either fire station identified in this notice. The Fire Department will be required to pay all taxes on the Equipment, and the rental payments due pursuant to the Lease will be secured by a security interest in the Equipment.
At the public hearing, members of the public may appear in person to make oral or written comments in favor of or in opposition to the plan of finance for the Equipment, the Lease and/or the location and nature of the Equipment. Individuals who require assistance to attend the hearing or to submit comments, should contact Chief Anthony Penland at (828) 686-3335 to request such assistance.
All bona fide members of the corporation, pursuant to Article III, Section 1 of the corporation bylaws, must sign up to be heard by 6:55 on August 4, 2026.
Date Published by Buncombe County: July 23, 2026
County of Buncombe, North Carolina.
DATED: July 23, 2026.
SARAH SCARNECCHIA
CLERK OF BOARD OF COMMISSIONERS
COUNTY OF BUNCOMBE, NORTH CAROLINA