048-99
RESOLUTION OF THE BOARD OF SUPERVISORS OF THE
COUNTY OF FREDERICK, VIRGINIA
May 12, 1999
At a regular meeting of the Board of Supervisors of the County of Frederick, Virginia,
held on May 12, 1999, the following resolution was adopted by a majority of the members of the
Board of Supervisors by the following roll call vote, as recorded in the minutes of the meeting:
MEMBER VOTE
James L. Longerbeam Aye
Richard C. Shickle Aye
W. Harrington Smith. Jr. Aye
Robert K. Sager Aye
Margaret B. Douglas Aye
Charles W. Orndoff. Sr. Nay
RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF FREDERICK, VIRGINIA
REQUESTING THE CIRCUIT COURT TO ORDER A
SPECIAL ELECTION ON THE QUESTION OF ISSUING A
MAXIMUM AMOUNT OF $4,500,000 GENERAL OBLIGATION
BONDS OF THE COUNTY OF FREDERICK, VIRGINIA
TO FINANCE CERTAIN LIBRARY IMPROVEMENTS
WHEREAS, the Board of Supervisors ("Board") of the County of Frederick, Virginia
("County") has determined that it is advisable to contract a debt and to issue general obligation
bonds of the County in the maximum amount of $4,500,000 (the "Bonds") for the purpose of
financing certain library facilities, consisting primarily of the acquisition, construction, equipping
and furnishing of a new library in the County (the "Project");
WHEREAS, pursuant to the authority granted by the Public Finance Act of 1991, Chapter
26, Title 5.2, Code of Virginia of 1950, as amended ("Act") the Board proposes to call a special
election to take the sense of the qualified voters of the County on the following question
regarding the issuance of the Bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF FREDERICK, VIRGINIA:
I. The Board hereby determines that it is advisable to contract a debt and to issue
general obligation bonds of the County in the amount and for the purposes set forth below.
2. The Board hereby requests the Circuit Court of Frederick County, Virginia to
order a special election on November 2, 1999 on the following question pursuant to Sections
15.2-2610 and 15.2-2611 of the Act, provided that such date is at least sixty (60) days after the
date on which the Court enters its order. The question on the ballot shall be in substantially the
following form:
SPECIAL ELECTION
November 2, 1999
QUESTION: Shall Frederick County, Virginia
contract a debt and issue its general obligation bonds
in the maximum amount of Four Million Five
Hundred Thousand Dollars ($4,500,000) for the
purpose of paying the costs, in whole or in part, of
certain library improvements, consisting primarily of
the acquisition, construction, equipping and
furnishing of a new library in the County?
( ) YES
( ) NO
3. The County Administrator is instructed to file a certified copy of this Resolution
with the Circuit Court of Frederick County, Virginia.
4. The Board has determined that in the event the issuance of the Bonds is approved
by the voters it may be necessary or desirable to advance money to pay the cost of the Project and
the Board adopts this declaration of official intent under Treasury Regulations Section 1.150-2.
The Board reasonably expects to reimburse advances made or to be made by the County to pay
the costs of the Project from the proceeds of a financing. The maximum amount of financing
expected to be issued for the Project is $4,500,000.
5. This Resolution shall take effect immediately.
The undersigned Clerk of the Board of Supervisors of the County of Frederick, Virginia,
hereby certifies that the foregoing constitutes a true and correct copy of a resolution adopted by
the Board of Supervisors of the County of Frederick, Virginia at a regular meeting held on May
12, 1999.
[SEAL]
RESOLUTION NO.: 048-99
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