19920114 r-92-1RESOLUTION NO. R-92-1
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 a continued need to improve Lanier Intermediate School
by renovating the media center and physical education locker
rooms and to develop a large group instructional space;
WHEREAS, Fairfax City School Board desires to address
Fairfax High School's physical educational needs by renovating
the tennis courts, replacing the fieldhouse floor, giving a new
treatment to the auxiliary gym floor and replacing a section of
bleachers on the football field;
WHEREAS, Fairfax City School Board requires funds for
replacement of underground oil tanks at five school sites within
the City;
WHEREAS, by resolution adopted on January 13, 1992, 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
~ILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) from the VPSA
1992 Series A Spring Bond Sale for financing the above described
additions and renovations to Lanier Intermediate School and
improvements and renovations to Fairfax High School and oil tank
replacements.
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 1992 Series A Spring Bond Sale in an amount not to
exceed ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000)
for school purposes.
Adopted this 14th day of
January , 1992.
ATTEST:
City C~erk