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RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF
FREDERICK, VIRGINIA DECLARING ITS INTENTION TO REIMBURSE ITSELF
FROM THE PROCEEDS OF ONE OR MORE FINANCINGS FOR CERTAIN COSTS
OF CAPITAL IMPROVEMENTS FOR PUBLIC SCHOOL PURPOSES
The County of Frederick, Virginia (the "County") has determined that it may be necessary
or desirable to advance money to pay the costs of certain capital improvements for public school
purposes, specifically for the 12th elementary school (the "Project").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF FREDERICK, 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 the Project from the proceeds of one or more financings. The
maximum amount of financing expected to be issued for the Project is $2,000,000.
3. This resolution shall take effect immediately upon its adoption.
The foregoing resolution was adopted by the Board of Supervisors at its meeting on
September,l3, 2006 by the following roll call vote:
Member Vote
Richard C. Shickle Aye
Bill M. Ewing Aye
Gary W. Dove Aye
Gene E. Fisher Aye
Philip A. Lemieux Aye
Barbara E. Van Osten Aye
Charles S. DeHaven, Jr. Aye
Absent:
No one was absent.
Resolution -Reimbursement ($2,000.000)
Board of Supervisors Meeting -September 13, 2006
Page 2
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Johry 'ley, Jr.
Cler ,Board of Supervisors,
County of Frederick, Virginia
Resolution No.: 011-06
cc: Patricia Taylor, Superintendent of Schools
Lisa Frye, School Finance Director
Cheryl B. Shiffler, Finance Director
C. William Orndoff, Jr., Treasurer
COUNTY of FREDERICK
John R. Riley, Jr.
County Administrator
540/665-5666
Fax 540/667-0370
September 14, 2006 E-mail:
jriley@co,frederick.va.us
Patricia Taylor
Superintendent
Frederick County Schools
P.O. Box 3508
Winchester, VA 22604-2546
Dear Mrs. Taylor:
The Frederick County Board of Supervisors, meeting in regular session and public hearing
held on September 13, 2006, approved the enclosed resolution amending the FY 2006-2007 budget
to reflect a School Construction Fund supplemental appropriation in the amount of $2,000,000. This
appropriation will allow for the land acquisition, schematic design, pre-engineering and site testing
for the 12t° elementary school. Also enclosed is the Reimbursement Resolution.
Should you have any questions, please do not hesitate to contact me.
Sine ely,
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John R. Riley, Jr.
County Administrator
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Enclosures
cc: Lisa Frye, Schoo] Finance Director
Cheryl B. Shiffler, Finance Director
C. William Orndoff, Jr., Treasurer
Q\'rJPlschools\LetTaylor($2,000,000)(BdMtg09I 306).wpd
107 North Kent Street Winchester, Virginia 22601-5000
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Frederick County Public Schools
Executive Visit us at www.frederick.kl2.va.us a-mail:
Duector of Finance fryelQfrederick.kl2.va.us
DATE: August 16, 2006
TO: John R. Riley, County Administrator
THROUGH: Patricia Taylor., Superintendent
FROM: Lisa K. Frye, Executive Director of Finance
SUBJECT: FY2007 School Construction Fund -Budget Adjustment for the 12th Elementary
School.
Last night, the school board approved a supplemental appropriation of $2 million to the FY2007
School Construction Fund subject to board of supervisor approval. This appropriation will allow for
the land acquisition, architectural design, engineering and site testing to be conducted up to the point
that bid documents would be published. The 12th elementary school will be located in the eastern part
of the county. It is requested that this item be placed on the supervisor's meeting agenda for August
23, 2006, for their consideration and action for a public hearing. A timeline for the project is attached
for reference.
Regarding the above issue, it is understood that the •board of supervisors intends to provide county
dollars for these beginning costs of the 12th elementary school and to pass a reimbursement resolution
(attached) making it an option to fund those dollars with indebtedness through VPSA. The school
board requests board of supervisor forma] action regarding their intent for funding.
If you have any questions or concerns, please do not hesitate to contact Mrs. Taylor or me. Thank you
for your assistance.
Attachments:
1. 12`h Elementary School Project Timeline
2. Board of Supervisor Reimbursement Resolution
540-662-3888 1415 Amherst Street, Post Office Box 3508, Winchester, VA 22604-2546 FAX 540-722-2788