HomeMy Public PortalAbout2001_08_14_r136The Town of
I eesburg,
trg ma
PRESENTED August 14, 2001
RESOLUTION NO. 2001-136 ADOPTED August 14,2001
A RESOLUTION: DECLARING THE TOWN'S INTENTION TO REIMBURSE THE
TOWN FROM THE PROCEEDS OF A FINANCING FOR VARIOUS
PUBLIC IMPROVEMENTS AND CAPITAL EQUIPMENT
PURCHASES
WHEREAS, the Council of the Town of Leesburg has determined that it is necessary or
desirable to advance money to pay the costs of acquiring, construction and equipping certain
public improvements and capital equipment purchases for the Town including those projects
identified in the fiscal year 2002 budget and 2002-2006 Capital Improvements Program for bond
financing in Fiscal Year 2002:
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, 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, constructing and equipping the Projects from
the proceeds of its debt or other financings. The maximum amount of debt or other financing
expected to be issued for the projects is a General Obligation Bond of $5,600,000 and an
Equipment Lease/Purchase of $539,500.00.
PASSED this 14th day of August 2001.
ATTEST:
/Clerk of Council
Mayor
Town of Leesburg
R: reimburse cap equip.doc