RESOLUTION

A RESOLUTION AUTHORIZING THE RAPPAHANNOCK-RAPIDAN COMMUNITY SERVICES BOARD AND AREA AGENCY ON AGING TO BORROW $4.2 MILLION FROM THE RURAL DEVELOPMENT AUTHORITY

WHEREAS, the Rappahannock-Rapidan Community Services Board and Area Agency on Aging (RRCSB-AAA) has determined that it is feasible to borrow funds for the acquisition of property and development of the project (including, among other things, construction of facilities, site work, fees, expenses, furnishings, carrying expenses, and so forth) in relation to the establishment of a facility for an alcohol and drug rehabilitation program; now, therefore, be it

RESOLVED by the  Fauquier County Board of Supervisors this 10th day of August 2006, That the Board does hereby authorize the RRCSB-AAA to borrow up to $4.2 million for the purchase, construction, and development of a facility for an alcohol and drug rehabilitation program; and, be it

RESOLVED FURTHER, That in granting this authority, Fauquier County assumes no liability for any such indebtedness; and, be it

            RESOLVED FINALLY, That the approval granted herein is conditioned expressly upon the RRCSB-AAA entering into a financing transaction that conforms in all regards to Virginia law.

 

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