HomeMy Public PortalAbout1989_07_11_R134L ~£
~es~urg in ~rirginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 11, 1959
89-134 ADOPTED July 11, l~q9
AUTHORIZING A NOTICE OF PUBLIC HEARING REGARDING THE
FUTURE ISSUANCE OF GENERAL OBLIGATION BONDS
WHEREAS, the adopted budget for FY 1990 contemplates the issuance of general obligation
bonds to help finance certain capital projects; and
WHEREAS, Section 15.1-171.1, of the 1950 Code of Virginia, as amended, requires a public
hearing on the proposed bond issue prior to the adoption of any initial resolution authorizing the
issuance of bonds:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in ~xrginia as follows:
A notice of public hearing pursuant to Section 15.1-171.1 of the 1950 Code of Virginia, as
amended, advertising the Town Council's intention to issue general obligation bonds in the amount of
$9 million dollars during calendar year 1989 and calendar year 1990 to £mance the development of
Ida Lee Park, the municipal government center/parking complex, storm drainage projects and airport
improvements is authorized. The notice of public hearing shall be published in the Loudoun Thnes-
Mirror on July 20, 1989 and July 27, 1989, for a public hearing on August 8, 1989, at 7:30 P.M., in
the Council Clmmbers, 10 Loudoun St., S.W., Leesburg, Virginia, 22075.
PASSED this llth day of July
A~I~EST:
Clerk of Co~cil
gen-bond
j1989.
Robert E. 8evi~ Mayor
To~ of Leesb~g