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Tax-exempt financing approved for Calabash Fire Department

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CALABASH—The Calabash Fire Department should be closer to construction of a new station as the county and towns it serves consider and approve resolutions for $1.5 million in tax-exempt financing.

Brunswick County approved a resolution in June. Calabash approved a resolution at a special called meeting Nov. 29.

The intent of the resolution was to help the fire department close on a loan for its new station at the corner of Persimmon and Thomasboro roads, where the old station was dismantled in early November.

Due to the loan closing date, such action is a time-sensitive matter, town clerk Kelley Southward said.

This week, the Carolina Shores Board of Commissioners considered a similar resolution.

Carolina Shores Town Administrator Mike Hargett noted at a workshop Monday the town does not assume liability for the debt, and approval is essentially a regulatory requirement of the Internal Revenue Service.

Jennings Edge, president of the fire department’s board of directors, thanked the board on behalf of the fire department for “quick response to our dilemma.

“We were caught off guard with this,” Edge said. “As far as I know, that’s the last hurdle.”

The fire board has approved construction of a firehouse and financing for $1.5 million with PNC Bank.

Plans call for a new, 17,000-square-foot fire station to replace the department’s 40-year-old, 8,800-square-foot building that was dismantled and salvaged by a crew in November.

For now, the Calabash Fire Department is operating out of temporary quarters in a leased building that previously housed a medical office at 602 Thomasboro Road.

Once financing and closing for new construction are completed, the department will be ready to break ground, fire chief Randy Bork said.

Construction of the new station will take eight to 12 months, depending on the weather.

 

Laura Lewis is a staff writer at the Beacon. Reach her at 754-6890 or email llewis@brunswickbeacon.com.