014-18 (VPSAFall2018BondSaleAylorReplacementSchool)Patty D. Camery, ExecutiveDirector of Financecameryp@fcpsk12.net
DATE:
August22, 2018
TO:
Jay Tibbs, Deputy County Administrator
FROM:
Patty D. Camery, Executive Director of Finance
SUBJECT:2018 FallVPSA Bond Sale
The School Board requests, by way of the attached resolution, participation in the
Virginia Public Authority (VPSA) bond sale program for the replacement Robert E. Aylor
Middle School. The resolution for $45.5million willcover participation in the fall2018
sale in the amount of $4,000,000 as well as participation in future bond sales.
To begin the governing body approvalprocess, a public hearing is required and is
requested to be set for September12, 2018 after which an approving resolution can be
considered by the Board of Supervisors. The advertisement for the public hearing
thth
should be included in The Winchester Staron August 29and September 5in order to
meeting the requirements. The approving resolution is being prepared by bond counsel
andwill be provided in advance of the September 12thagenda packet deadline.
Please do not hesitate to contact me should you have any questions. Thank you.
Attachment(1)
cc: David T. Sovine, Ed.D., Superintendent
Kris C. Tierney, County Administrator
Cheryl Shiffler, Frederick County Finance Director
Bond Counsel