19900109 r-90-1RESOLUTION NO. R-90- 1
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 an urgent need to replace the roofs on four
elementary schools, Lanier Intermediate School and a
portion of Fairfax High School;
WHEREAS, the Fairfax City School Board desires to
install air conditioning in two elementary schools;
WHEREAS, by resolution adopted on January 8, 1990, 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 One Million, Five Hundred and Ten Thousand
Dollars ($1,510,000.00) from the VPSA 1990 Series A Spring
Bond Sale for financing the above described roof repairs
and air conditioning installations.
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 1990 Series A Spring Bond Sale
in an amount not to exceed One Million, Five Hundred and
Ten Thousand Dollars ($1,510,000.00) for school purposes.
ADOPTED this 9th day of January 1990.
ATTEST:
y Clerk