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The Town of
Leesburg,
Virginia
RESOLUTION NO. 2007-25
PRESENTED February 13.2007
ADOPTED February 20. 2007
A RESOLUTION:
DECLARING THE TOWN'S INTENTION TO REIMBURSE ITSELF FROM
THE PROCEEDS OF ONE OR MORE FINANCINGS FOR CAPITAL
PROJECTS.
WHEREAS, the Town has determined that it may be necessary or desirable to advance money to
pay the costs of acquiring, constructing, and equipping certain capital projects consisting primarily of the
construction of an indoor tennis facility, the construction of an outdoor swimming facility, and the
acquisition of additional park land (the "projects").
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 S
1.150-2.
SECTION II. The Council reasonably expects to reimburse advances made or to be made by the
Town to pay the costs of the projects 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
$10,500,000.
SECTION III. This resolution shall take effect immediately upon its adoption.
PASSED this 20th day of February 2007.
Res07:Parks & Rec Reimbursement