Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing

Summary

The Albemarle County Board of Supervisors authorizes the reimbursement of expenditures related to various capital improvement projects with proceeds from tax-exempt bonds or taxable debt. The resolution declares the official intent to utilize the proceeds of the bonds to pay the costs of the projects. The board intends to reimburse expenditures made on or after the date that is no more than 60 days prior to the date of this resolution.

Details

Subject

Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing

Summary

The Albemarle County Board of Supervisors authorizes the reimbursement of expenditures related to various capital improvement projects with proceeds from tax-exempt bonds or taxable debt. The resolution declares the official intent to utilize the proceeds of the bonds to pay the costs of the projects. The board intends to reimburse expenditures made on or after the date that is no more than 60 days prior to the date of this resolution.

Vote Detail

____ to ____

Vote Result

passed

Adopting Body

Albemarle County Board of Supervisors

Adoption Date

2026-04-22