011-99
BOARD OF SUPERVISORS
RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF
FREDERICK, VIRGINIA AUTHORIZING AN APPLICATION
TO THE VIRGINIA PUBLIC SCHOOL AUTHORITY
WHEREAS, the Frederick County School Board ("School Board") and the Board of
Supervisors ("Board of Supervisors") of the County of Frederick, Virginia ("County") have
determined that it is advisable to contract a debt and issue general obligation bonds of the County in
an amount not to exceed $4,100,000 to finance certain capital projects for public school purposes and
to sell the Bonds to the Virginia Public School Authority ("VPSA");
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF FREDERICK, VIRGINIA:
1, The County Administrator 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 1999 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 capital projects for school purposes from the proceeds of its debt or other financings.
The maximum amount of debt or other financing expected to be issued for such improvements is
$4,100,000.
3. This resolution shall take effect immediately.
Adopted by the Board of Supervisors of the County of Frederick, Virginia, on September 8,
1999 by the following recorded vote:
James L. Longerbeam
Aye
Robert M. Sager
Aye
Richard C. Shickle
Aye
Margaret B. Douglas
Aye
W. Harrington Smith
Aye
Charles W. Orndoff, Sf.
Aye
RESOLUTION NO.: 011-99