CONSENT AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Harry F. Atherton, Chairman, Marshall District Supervisor

March 8, 2007

Staff Lead:

Department: 

Vivian McGettigan, Finance Director

Finance

Topic: 

A Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing for the Eleventh Elementary School

Topic Description:

A reimbursement resolution is necessary to ensure the County has the option of requesting reimbursement for expenditures associated with the construction of an eleventh elementary school  prior to the receipt of bond proceeds.

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

Expenditures incurred 60 days (January 8, 2007) prior to the approval of the reimbursement resolution may be submitted for reimbursement from bond proceeds sold at a future date.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Fauquier County Public Schools                    

Fauquier County Treasurer’s Office

Fauquier County Finance Department