Spokane County, WA- The Treasurer of Spokane
County announced that it has issued a local direct investment of $45,000 from
the Spokane Public Investment Fund to Spokane County Fire District 2. The
investment finances the purchase of a new gurney system for medical transports
for the volunteer staffed fire district which provides fire protection and
emergency medical services across 144 square miles and a population of 996 in
Fairfield and the surrounding area. The local direct investment will be paid
back over five years at a 2.629% interest rate.
“We don’t normally investment in small blocks at longer
durations. However, providing a local direct investment to Fire District 2
which relies on the support of community volunteers to respond to emergencies
in a rural community is exactly the public service that the Treasurer’s Office
looks to support when making local investments. The men and women with Fire
District 2 are providing their community a critical service and we are glad to
be able to support their mission this way.” Said Michael Baumgartner, The
Treasurer of Spokane County.
Spokane County Fire District 2 services 144 square miles containing
Fairfield and surrounding areas. Volunteers respond to approximately 82 calls
per year and undergo at least 100 hours of ongoing training per year. Fire
District 2 is the only Spokane County Fire District that provides ambulance
transport services. The Fire District sought out a financing option for a new
gurney system to improve its ability to provide transports to the citizens it
The Treasurer of Spokane County per the Treasurer’s
Investment Policy may hold up to 5% of the Spokane Public Investment Fund in
local direct investments. These investments are issued as a promissory note
with terms available up to five years at interest rates competitive to the open
market. Any public entities participating in the investment fund are eligible
for local direct investments. Recent local direct investments include start up
operational funding to Spokane Regional Emergency Communications and bridge
financing to Spokane County Public Works towards Bigelow Gulch and Geiger
Boulevard infrastructure improvements.
For more information, contact Arthur Whitten at (509) 477-4786 or firstname.lastname@example.org.