008-01
BOARD OF SUPERVISORS
- .:-_.- RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF
FREDERICK, VIRGINIA AUTHORIZING AN APPLICATION
- 1:0 THE VIRGINIA PUBLIC SCHOOL AUTHORITY
AND TO SCHEDULE A PUBLIC HEARING
WHEREAS, the Board of Supervisors ("Board of Supervisors") of the County of Frederick,
Virginia ("County") has received a request from the Frederick County School Board ("School Board")
to contract a debt and issue general obligation bonds of the County in an amount not to exceed
$6,150,000 to finance certain capital projects for public school purposes ("Bonds") and to sell such
Bonds to the Virginia Public School Authority ("VPSA");
WHEREAS, the Board of Supervisors has determined that it may be necessary or desirable
to advance money to pay the costs for such capital projects for public school purposes ("Project") and
to reimburse such advances with proceeds of one or more financings;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF FREDERICK, VIRGINIA:
1. The County A_istrator is authorized and directed to execute and deliver an application
to the VPSA in order to sell the Bonds to the VPSA at the Fall 2001 VPSA bond sale.
2. The Board of Supervisors adopts this declaration of official intent under Treasury
Regulations Section 1.150.2. The Board of Supervisors reasonably expects to reimburse advances
made or to be made by the County or the School Board to pay the costs of acquiring, constructing and
equipping the Project from the proceeds of the Bonds to be issued in an amount not to exceed
$6,150,000.
3. The County Administrator is authorized to advertise a public hearing to be held by the
Board of Supervisors on September 12, 200 I on the issuance of the Bonds.
4. This resolution shall take effect immediately.
Adopted by the Board of Supervisors of the County of Frederick, Virginia, at their regular
meeting held on August 8, 2001, by the following recorded vote:
Richard C. Shickle
Aye
Robert M. Sager
Aye
Charles W. Orndoff, Sr.
Aye
Margaret B. Douglas
Aye
W. Harrington Smith, Jr.
Aye
Sidney A.Reyes
Aye
Resolution - Application to VPSA-Fall 2001
August 8, 2001
Page 2
RESOLUTION NO.: 008-01
cc: Cheryl B. Shiffler, Finance Director
C. William Orndoff, Jr., Treasurer
A COPY TESTE:
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Jo R. Riley, r.
Cl,,,,. Bomd of S p"",i.",
County of Frederick, Virginia