RESOLUTION

 

A RESOLUTION TO APPROVE  $600,000 FOR WARRENTON/TAYLOR MIDDLE SCHOOL CONSTRUCTION PROJECT DESIGN WORK

 

WHEREAS, the Board of Supervisors is charged by the Code of Virginia with the preparation of an annual budget for Fauquier County and during the course of the fiscal year certain events occur which necessitate changing the budget plan by increasing or decreasing the total budget; and 

WHEREAS, in FY 2002, $4.3 million was appropriated in the Capital Improvements Program (CIP) Fund for renovation and expansion of Warrenton and Taylor Middle Schools, with an additional $4.2 million planned for appropriation in FY 2005 and the entire $8.5 million scheduled to be borrowed in FY 2005; and 

WHEREAS, the School Division has indicated a requirement for $600,000 to support design and engineer work prior to the scheduled FY 2005 construction; and 

WHEREAS, actual funding from the borrowing will not be available until FY 2005; however, the Board of Supervisors can authorize the use of unexpended CIP appropriations for the design and engineer work prior to the borrowing, with any expenses reimbursed from the bond proceeds; now, therefore, be it 

RESOLVED by the Fauquier County Board of Supervisors this 20th day of May 2002, That the School Division is authorized to expend up to $600,000 for design and engineer work on the Middle School Renovation and Expansion Project prior to the scheduled borrowing in FY 2005; and, be it 

RESOLVED FURTHER, That all design and engineer expenditures will be reimbursed from the projectís bond proceeds scheduled to be available in FY 2005.