002-96
nr: f"""'Dr.:""T"~"~~\
~..... ". \"$' ir" ~L';"'; ...~. ~'1.~~"
RESOLUTION RELATING TO FINANCING OF BUS PURCHASES
At a Regular Meeting of the Board of Supervisors of the County of Frederick,
Virginia, held on the 10th day of July, 1996, at 7:15 P.M., in the Board of Supervisor's
Meeting Room, Frederick County Courthouse, Loudoun Street Mall, Winchester, Virginia,
the following action was taken:
BE IT RESOL YED, by the Frederick County Board of Supervisors that the Director
of Finance of the Frederick County School Board is hereby authorized to enter into a loan
agreement with the Bank of Clarke County for the purpose of purchasing seven (7) school
buses.
The loan shall be in the amount of $349,714 for a five (5) year period at the rate of
4.48%.
Upon motion made by W. Harrington Smith, Jr. and seconded by Margaret B.
Douglas, the above resolution was passed by the following recorded vote:
James L. Longerbeam Aye
Robert M. Sager Aye
W. Harrington Smith. Jr. Aye
Richard C. Shickle Aye
Margaret B. Douglas Aye
Charles W. Orndoff, Sf. Aye
A COPY TESTE:
ikKl-
Clerk, Board of Supervisors
County of Frederick, Virginia
RESOLUTION NO. 002-96