HomeMy Public PortalAbout2009_05_27_R058 - Reimbursement for Capital Projects Airport Improvements
The Town of
Leesburg,
Virginia
RESOLUTION NO. 2009-058
PRESENTED May 27,2009
ADOPTED May 27,2009
A RESOLUTION: DECLARING THE INTENTION TO REIMBURSE THE TOWN FROM
THE PROCEEDS OF ONE OR MORE FINANCINGS FOR AIRPORT
FUND IMPROVEMENTS
WHEREAS, the Town has determined that it may be necessary or desirable to advance
money to pay the costs of certain Airport Fund improvements (the "Projects").
THEREFORE, BE IT RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
1. The Town adopts this declaration of official intent under Treasury Regulations
Section 1.150-2.
2. The Town 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 Projects is $1,800,000.
3. This resolution shall take effect immediately upon its adoption.
PASSED this 27th day of May, 2009.
~[\ Q..~
. C. mstattd, Mayor
Town of Leesburg