AGENDA DATE: 7/6/2016
TITLE:
Title
General Obligation Bond Referendum to Fund Capital Improvements for County Schools
BODY
SUBJECT/PROPOSAL/REQUEST: Resolution requesting that a referendum on the question of the issuance of general obligation bonds be held to fund capital improvements for County schools
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Foley, Letteri, Catlin, Kamptner, Henry
PRESENTER (S): Greg Kamptner
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: On June 1, 2016, the Board selected the form and style of the proposed question on the referendum to be placed on the ballot. Staff returns with a resolution for the Board's consideration that will initiate the process to have a referendum to fund capital improvements for County schools appear on the November 8, 2016 ballot.
STRATEGIC PLAN: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds; and, to prioritize, plan and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION: In order for the referendum to appear on the ballot at the November 8, 2016 election, the Board must adopt an ordinance or resolution: (1) requesting that a referendum be held on the question of the County issuing general obligation bonds; (2) setting forth in brief and general terms the purpose or purposes for which the bonds are to be issued and the maximum amount of the bonds to be issued; and (3) requesting the Circuit Court to order an election to be held on the question. Virginia Code ? 15.2-2640.
The attached resolution (Attachment A) addresses the three requirements of Virginia Code ? 15.2-2640. The resolution also states the proposed ballot question (section 5), directs the Acting Clerk to file a certified copy of the resolution in the Circuit Court (section 6) as required by law, a...
Click here for full text