062-07BAARD OF SUPERVISORS
SOLUTION CONCURRING WITH THE ACTION OF THE FREDERICK
-WINCHESTER SERVICE AUTHORITY TO ISSUE REVENUE BONDS
WHEREAS, the Frederick-Winchester Service Authority (the "Authority") intends to finance the
acquisition, construction and equipping of expansions and upgrades to the Parkins Mill Wastewater
Treatment Plant (the "Project") by the issuance and sale of its sewer system revenue bond in the
maximum aggregate principal amount not to exceed $39,410,000 (the "Bond");
WHEREAS, Section 7.3 of the Parkins Mill Wastewater Treatment Plant Agreement dated
August 1, ]988, (the "Agreement") requires consent of all parties to amend, modify or otherwise alter the
Agreement; and
WHEREAS, the Board of Supervisors of Frederick County, Virginia (the "Board"), is a party to
the Agreement;
BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF FREDERICK COUNTY,
VIRGINIA:
The Board hereby consents to the financing of the Project by the issuance and sale of the
Bond. The Board authorizes and directs the County Administrator to execute and deliver
any acknowledgement, amendment or modification to the Agreement necessitated by the
issuance of the Bond.
2. This resolution shall take effect immediately upon its passage.
Adopted, this _9th_ day of May, 2007.
Gene E. Fisher and seconded by Bill Ewing the above
Upon motion made by
resolution was approved by the Frederick County Board of Supervisors at their meeting held on May _9_,
2007, by the following recorded vote:
Aye Gene E. Fisher Aye
Richard C. Shickle
A e Philip A. Lemieux Aye
Bill M. Ewing _~
Aye Barbara E. Van Osten Aye
Charles S. DeHaven
Gary W. Dove Aye
A COPY TESTE:
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John ~f2 ley, Jr.
Cleriz;-Board of Supervisors
Frederick County, Virginia
062-07
RESOLUTJON NO.:
Memo
To: Frederick County Board of Supervis rs
From Jesse W. Moffett- Executive Directo
Date: May 1, 2007
Re: Resolution Concurring with the Issuance of Revenue Bonds
Parkins Mill Wastewater Treatment Plant
Attached for your consideration is a resolution entitled RESOLUTION CONCURRING 1NITH THE
ACTION OF THE FREDERICK-WINCHESTER SERVICE AUTHORITY TO ISSUE REVENUE
BONDS.
The Frederick-Winchester Service Authority, as owner of the Parkins Mill Wastewater Treatment Plant,
and the Frederick County Sanitation Authority, as the sole user and operator of the facility, are
undertaking expansion and upgrade of the facility to meet with capacity needs and requirements of the
- nutrient discharge regulations for the Chesapeake Bay.
This project is being funded through a $9,500,000 grant from the Water Quality Improvement Fund and
a loan of $39,400,000 from the State Revolving Loan Fund and issued through the Virginia Resources
Authority.
A resolution of concurrence adopted by the County of Frederick, the City of Winchester, and the
Frederick County Sanitation Authority, as parties to the Parkins Mill Wastewater Treatment Plant
Agreement, is required for the Frederick-Winchester Service Authority to issue bonds for obtaining the
loan from the Revolving Loan Fund.
Repayment of these bonds lays solely with the Frederick County Sanitation Authority as stated in
Section 3.3 -Additional Facilities of the Parkins Mill Agreement.
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