Commissioners Approve Cleveland FD Loan Modifications

Johnston County Commissioners approved two resolutions authorizing tax exempt loan status for the Cleveland Fire Department to refinance two existing loans with First Citizens Bank. 

One loan modification up to $773,635 was for the Cleveland Fire Station #1 located at 9039 Cleveland Road at an interest rate up to 1.75 percent for a term of 57 months. A second loan modification up to $932,707 was for a 2017 Pierce ladder truck at an interest rate of 2.54 percent for a term of 128 months.  

The fire department held a public hearing March 22nd and there were no citizen comments offered at the hearing. Commissioners unanimously approved the resolutions at their April 5th meeting.