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Resolution of the Board of Supervisors of the County of
Fauquier, Virginia Approving the Issuance of Bonds by the
Industrial Development Authority of the County of Fauquier,
Virginia for the Benefit of Highland School, Inc. |
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To approve the
Industrial Development Authority's (IDA) assistance to
Highland School, Inc. in : (1) financing (i) the
construction and equipping of a new lower school containing
approximately 54,000 square feet, (ii) the construction and
equipping of new upper school classrooms containing
approximately 5,400 square feet, (iii) renovations to the
School's existing upper and middle school facilities, (iv)
the construction and equipping of a new lower/middle school
gymnasium containing approximately 20,500 square feet, (v)
site construction to include additional parking, athletic
field additions and renovations, and utility additions and
relocations, and (vi) other capital projects that further
the exempt purpose of the School all of which are or will be
located on the School's campus in Warrenton, Virginia; (2)
refunding all or a portion of the Authority's Educational
Facilities Revenue Bond (Highland School, Inc.), Series
1995, issued originally on December 22, 1995 for purposes of
constructing, renovating, and equipping various capital
improvements to the School's facility located in the Town of
Warrenton, Virginia; (3) financing capitalized interest; and
(4) financing cost of issuing the bonds (collectively, the
"Project"), through the issuance by the Authority of its
Bonds. The Bonds are not an obligation of the County or the
IDA.
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