HomeMy Public PortalAbout2004_11_09_r183The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
2004-183
PRESENTED November 9, 2004
ADOPTED November 9, 2004
DECLARING THE TOWN'S INTENTION TO REIMBURSE ITSELF
FROM THE PROCEEDS OF ONE OR MORE FINANCINGS FOR
CAPITAL PROJECTS.
~n'~. U~stattd, MaYor (---
Town of Leesburg
ATTEST:
Oerk of Council
R04town hall addition3
PASSED this 9t~h day of November 2004.
WHEREAS, the town has determined that it may be necessary or desirable to advance
money to pay the costs of acquiring, renovating, constructing, and equipping certain capital
projects consisting primarily of the construction of an addition to the town hall on Loudoun
Street (the "project").
THEREFORE RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The Council adopts this declaration of official intent under Treasury
Regulations § 1.150-2.
SECTION II. If the project goes forward, the Council reasonably expects to reimburse
advances made or to be made by the town to pay the costs of the project from the proceeds of its
debt or other financings. The maximum amount of debt or other financing expected to be issued
in one or more series for the project is $9,000,000.
SECTION III. This resolution shall take effect immediately upon its adoption.