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Posted on: December 3, 2019

Fire District 2 Receives Local Direct Investment for Medical Transport Gurney Improvements

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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 serves.  

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 awhitten@spokanecounty.org

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