Lexington, KY, Mar 13, 2013 -- USDA Rural Development State Director Tom Fern has announced a $315,000 loan to the City of Flemingsburg to build a new fire station.
Rural Development funds will be used toward the construction of a new pre-engineered metal building of approximately 9,450 sq. ft. to house the City of Flemingsburg Fire Department. The building will have five 1,400 sq. ft. garage bays for double storage of fire department vehicles and 2,450 sq. ft. of office/administrative space. The new fire station is necessary in order to provide efficient and effective fire protection and emergency services for a rural population of approximately 3,010 in rural Fleming County. The repayment terms for the loan portion of the funding are forty years at an interest rate of 3.125 percent.
“USDA is proud to work in partnership with city officials to improve the Flemingsburg Fire Department facilities,” said Fern. “I commend the dedication by city leaders toward enhancing fire and rescue operations in Fleming County.”
For information on other projects funded by USDA Rural Development, please visit Rural Development’s interactive web map featuring program funding and success stories for fiscal years 2009-2012. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities.
USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $181 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
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