HomeMy Public PortalAbout1999_09_14_r269The Town of
Leesburg,
Mil' ' *
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RESOLUTION NO.
A RESOLUTION:
PRESENTED September 14, 1999
99- 269 ADOPTED September 14, 1999
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 2000, 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.
Regulations §1.150-2.
SECTION II.
The Town Council adopts this declaration of official intent under Treasury
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 $871,800.
PASSED this 14th day of September, 1999.
· Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
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