014-12.7 •
BOARD OF ■s � � SUPERVIS
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 additions to four elementary schools (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
$6,100,000.
3. This resolution shall take effect immediately upon its adoption.
The foregoing resolution was approved by the Board of Supervisors at its meeting on
September 12, 2012 by the following roll call vote:
Richard C. Shickle Aye Ross P. Spicer Aye
Bill M. Ewing Aye Christopher E. Collins Aye
Gene E. Fisher Aye Charles S. DeHaven, Jr. Aye
Gary A. Lofton Aye
John R.
Clerk, B and of Supervisors
County of Frederick, Virginia
Resolution No.: 014 -12