RESOLUTION

A RESOLUTION TO WAIVE THE EXPENDITURE AUTHORIZATION LIMITATION AND THE GENERAL ELECTION REQUIREMENT IN THE COUNTY’S DEBT REFERENDUM POLICY FOR THE NEW HIGH SCHOOL

            WHEREAS, the County’s Debt Referendum Policy, amended November 18, 2003, requires construction projects exceeding $10 million be subject to a referendum and such referendum must coincide with the general election; and

 

WHEREAS, the County’s Debt Referendum Policy authorizes expenditures only for those costs related to preparing for such a referendum, including preliminary architectural and engineering design work; and

 

WHEREAS, on June 14, 2004 the Fauquier County School Board adopted a Resolution requesting the Board of Supervisor’s waive the general election requirement and the expenditure authorization limitation in its Debt Referendum Policy; and

 

            WHEREAS, a November referendum on the question of the new high school does not provide sufficient time to educate the voters; and

 

            WHEREAS, the design and construction of a new high school require over three years to complete, and it is imperative to ensure the new high school opens by August 2007; now, therefore, be it

 

            RESOLVED by the Fauquier County Board of Supervisors this 19th day of July 2004, That the expenditure authorization limitation in its Debt Referendum Policy is hereby waived for the new high school, and the Fauquier County School Board is authorized to continue design work through 100% completion; and be it

 

            RESOLVED FURTHER, That the general election requirement in its Debt Referendum Policy is hereby waived for the new high school, and the referendum question may be held at an election other than the general election.