019-98
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 $3,200,000 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 Spring 1998 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 of other financing expected to be issued for such
improvements is $3,200,000.
3. This resolution shall take effect immediately.
Adopted by the Board of Supervisors of the County of Frederick, Virginia, on February 11,
1998.
Jof1J:f:-<' c( --
Clerk, Board of Supervisors
County of Frederick, Virginia
RESOLUTION NO. 019-98