011-22 (AirportAuthorityIssuanceOfDebt) RESOLUTION OF THE
BOARD OF SUPERVISORS OF FREDERICK COUNTY,VIRGINIA,
APPROVING THE ISSUANCE OF DEBT BY THE WINCHESTER
REGIONAL AIRPORT AUTHORITY
WHEREAS, the Board of Directors (the "Board") of the Winchester Regional Airport
Authority (the "Authority") has authorized submission of an application to the United States
Department of Agriculture ("USDA") Rural Development Loan Program requesting its
participation in the issuance of bonds by the Authority in an amount not to exceed $5,000,000.00
(the "Bonds") for financing, including the refund of any interim financing, as applicable, to fund
the construction of a replacement airport terminal building at the Winchester Regional Airport
(the"Project").
WHEREAS, in accordance with Section 7.17(b) of the Winchester Regional Airport
Authority Act 1987 Session, Virginia Acts of Assembly, Chapter 687 and in accordance with
Chapter 3, Title 5.1, et. seq., Code of Virginia 1950 as amended (the "Act"), the consent of each
of the participating political subdivisions is required for any issuance of debt by the Authority if
the total debt shall exceed $500,000.00, and the participating political subdivisions consist of the
City of Winchester, and the Counties of Frederick, Frederick, Shenandoah, and Warren
(collectively, the "Member Jurisdictions"); such consent is being requested prior to issuance of
the Bonds by the Authority.
WHEREAS, in no event shall the total amount borrowed by the Authority to support the
Project exceed the sum of$5,000,000.00.
NOW, THEREFORE, BE IT RESOLVED:
1. The Board of Supervisors of Frederick County hereby consents to the issuance of
the Bonds by the Authority for the purpose of financing the Project.
2. Under no circumstances shall the payment of debt service on the Bonds constitute
general obligation indebtedness or a pledge or the full faith and credit taxing power of
any of the Member Jurisdictions.
3. This resolution shall take effect immediately,
Res No. 011-22
Adopted this 10"' day of August, 2022 by the following recorded vote:
MEMBER VOTE
Charles S. DeHaven, Jr., Chainnan Aye
J. Douglas McCarthy Aye
Shawn L. Graber No
Robert W. Wells Aye
Josh Ludwig Aye
Judith McCann-Slaughter Aye
Blaine P. Dunn Aye
WITNESS MY HAND and the seal of the Board of Supervisors of Frederick County,
Virginia,this I I'day of August,2022..
(SEAL)
Clerk
Board of Supervisors of Frederick County, Virginia
Res No. 011-22
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