19930209 r-93-4RESOLUTION NO. R-93-4
RESOLUTION AUTHORIZING APPLICATION TO THE VIRGINIA PUBLIC
SCHOOL AUTHORITY (VPSA) FOR FINANCING PROJECTS FOR SCHOOL
PURPOSES THROUGH THE SALE OF VPSA BONDS.
WHEREAS, the Fairfax City School Board has determined that
there is a continued need to improve Lanier Intermediate School
by developing a large group instruction space now known as an
auditorium; and
WHEREAS, the original auditorium design, estimated at
$500,000, has doubled in size in order to accommodate student
performing groups and seat a larger audience, a need exists for
an additional $550,000; and
WHEREAS, by Resolution adopted on February 1, 1993, the
Fairfax City School Board authorized the Superintendent to
apply, on behalf of the School Board, to the Virginia Public
School Authority (VPSA) to obtain funds in the amount of ~IVE
HUNDRED FIFTY THOUSAND DOLLARR ($550,000) from the VPSA 1993
Series A Spring Bond Sale for financing the above described
addition to Lanier Intermediate School;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the
City of Fairfax that the Council authorizes the City Manager to
execute and forward to the VPSA an application to participate
in the VPSA 1993 Series A Spring Bond Sale in an amount not to
exceed ~IVE HUNDRED FIFTY THOUSAND DOLLARS ($550 000) for school
purposes. '
Adopted this 9th day of February, 1993.
Mayor
ATTEST: