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The decision follows two failed referendums.
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The new facility on Georgetown's Circle will give staff more space.
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The public hearing saw 39 attendees in favor of County Council approving a conditional use permit. No attendees attended in opposition.
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The referendum will be held June 5.
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Councilmember Steve McCaron was president of a fire company 10 years ago and said the report does a good job showing the health of fire companies is dependent on local, county and state government funding.
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Councilmembers approved the lease unanimously, moving Medic Station 114 there until the completion of the Dewey Beach Town Hall Complex.
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The site director said Sussex County expedited the process, but it's still going to take two months to be heard at a council meeting.
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Final values for the reassessment came in February.
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The tax credit programs are dependent on property values, meaning they need to be updated to accommodate for the increase in property values as reassessment comes to a close.
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The State Fair's Centre Ice Rink will close in May. Kent and Sussex Counties will no longer have an ice rink, meaning some kids will miss out on hockey season.