016-98
BOARD OF SUPERVISORS
RESOLUTION OF THE BOARD OF SUPERVISORS OF FREDERICK COUNTY,
VIRGINIA DECLARING ITS INTENTION TO REIMBURSE ITSELF FROM THE
PROCEEDS OF A FINANCING FOR A HANDLEY REGIONAL LmRARY BRANCH IN
FREDERICK COUNTY
The Board of Supervisors of Frederick County, Virginia (the "County") has determined that
it may be necessary or desirable to advance money to pay the costs of (acquiring, constructing,
equipping, furnishing, expanding and renovating a Handley Regional Library Branch) for the County
(the "Project").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
FREDERICK COUNTY, VIRGINIA:
1. The Board of Supervisors adopts this declaration of official intent under Treasury
Regulations Section 1.150-2.
2. The Board of Supervisors reasonably expects to reimburse advances made or to be made
by the County to pay the costs of (acquiring, constructing, equipping, furnishing, expanding and
renovating) the Project from the proceeds of its debt. The maximum amount of debt expected to be
issued for the Project is $4.8 million dollars.
3. This resolution shall take effect immediately upon its adoption.
Adopted by the Board of Supervisors for the County of Frederick, Virginia this 28th day of
January, 1998 by the following recorded vote:
James L. Longerbeam
Aye
Robert M. Sager
Aye
Richard C. Shickle
Aye
Margaret B. Douglas
Aye
W. Harrington Smith, Jr.
Aye
Charles W. Orndoff, Sr.
Aye
A COpy TESTE:
Jo R. Riley, Jr. i
Clerk, Board of Supervisors
County of Frederick, Virginia
RESOLUTION NO.: 016-98