HomeMy Public PortalAbout1983_11_23_R184The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 23, 1983
83-184 ADOPTED November 23~ 1983
OPPOSING ANY FURTHER RESTRICTIONS ON THE USE OF INDUSTRIAL REVENUE
BOND FINANCING
WHEREAS, one of the Town of Leesburg's top priority objectives is to en-
courage increased economic development; and
WHEREAS, industrial revenue bond financing is important to the town's
economic development program; and
WHEREAS, the Tax Equity and Fiscal Responsibility Act of 1982 placed ad-
ditional requirements and restrictions on the use of industrial revenue bonds;
and
WHEREAS, legislation currently before Congress would impose further re-
strictions, threatening the viability of the industrial revenue bond program
in Leesburg:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. This council opposes any further restrictions or requirements
on the use of industrial revenue bond financing.
SECTION II. The manager shall send a copy of this resolution to Congressman
Frank R. Wolf and Senators John W. Warner and Paul S. Trible, Jr.
PASSED this 23rd day of
ATTEST:
Clerk of
C ncil
November
, 1983.
Town of Leesburg