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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 $ 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$ (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 5.2, Title 26, 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:
1. 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 3, 1998 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 3, 1998
QUESTION: Shall Frederick County, Virginia
contract a debt and issue its general obligation
bonds in the maximum amount of
Dollars ($ )
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
(NOTE: NO ACTION TAKEN AT 5/13/98 MEETING - BOARD HAD TO DECIDE ON A SITE
LOCATION BEFORE PROCEEDING.)
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 $
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
_ day of ,1998.
Clerk, Board of Supervisors of the County
of Frederick, Virginia
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RESOLUTION NO.: 034-98
W:\FREDILIBRAR YlFRED019.RSO