HomeMy Public PortalAbout1992_02_11_R015The Town of
Leesburg,
rg ma
RESOLUTION NO.
A RESOLUTION:
PRESENTED February 11, 1992
92-15 ADOPTED February 11, 1992
AUTHORIZING THE ISSUANCE OF A REQUEST FOR PROPOSALS FOR SENIOR
UNDERWRITER FOR WASTEWATER TREATMENT PLANT EXPANSION
REVENUE BONDS
WHE~, the Town of Leesburg is planning to upgrade and expand its wastewater treatment plant
from 2.5 MGD to 4.85 MGD; and
WHEREAS, in December, 1991, this Council awarded a contract to CH2M Hill for the final design
of this project; and
WHEREAS, the final design for this project is expected to be completed by October, 1992, with
construction expected to begin as early as the first quarter of 1993; and
WHEREAS, the town's financial advisor Scott & StringfeUow Investment Corporation, has
recommended to the town that due to current financial market conditions, it is advisable to proceed with
the issuance of the bonds to finance this project.
THEREFORE RESOLVED by the Council of the Town of Leesburg as follows:
The manager is authorized to release the attached Request for Proposals to the investment banking
fn-ms listed for the purpose of selecting a senior managing underwriter for the wastewater treatment plant
day of
project revenue bonds.
PASSED this llth
February ,1992.
Rebert E Sevila, zl(/fa~zor
Town of Leesburg
ATTEST:
Clerk of Council
R:RFP-Rev. Bonds