HomeMy Public PortalAbout1996_08_13_R184The Town of
Leesburg,
rg nta
RESOLUTION NO.
A RESOLUTION:
PRESENTED August 13, 1996
96-184 ADOPTED August 13, 1996
DECLARING ITS INTENTION TO REIMBURSE ITSELF FROM
PROCEEDS OF A FINANCING FOR CERTAIN EQUIPMENT
THE
The Town Council of the Town of Leesburg, Virginia (the "Town") has determined that it is
necessary or desirable to advance money to pay the costs of acquiring cm~cain equipment for the town,
consisting primarily of cet~min vehicles and data processing equipment (the "Project").
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The Town Council adopts this declaration of official intent under Treasuw
Regulations Section 1.150-2.
SECTION II. The Town Council reasonably expects to reimburse advances made or to be made
by the town to pay the costs of acquiring the project from the proceeds of its debt or other financings.
The maximum amount of debt or other financing expected to be issued for the project is $400,000.
SECTION III. This resolution shall take effect immediately upon its adoption.
PASSED this 13th day of August , 1996·
· Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
l{:Equipment