HomeMy Public PortalAbout1998_07_28_R169 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED July 28, 1998
98-169 ADOPTED July 28, 1998
DECLARING ITS INTENTION TO REIMBURSE ITSELF FROM
THE PROCEEDS OF A FINANCING FOR CERTAIN EQUIPMENT
WHEREAS, 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 certain
equipment for the town included in the budget for Fiscal Year 1999, consisting primarily of certain
vehicles, equipment 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 Treasury
Regulations §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
$664,750.
PASSED this 28th day of July, 1998.
ATTEST:
Clerk of Council
· Clem, Mayor
own of Leesburg
R:equip