RESOLUTION OF THE PRINCE WILLIAM COUNTY SCHOOL BOARD DECLARING ITS INTENT TO REIMBURSE ITSELF FROM VIRGINIA PUBLIC SCHOOL AUTHORITY BOND SALE PROCEEDS FOR CERTAIN EXPENDITURES TO BE MADE IN CONNECTION WITH CERTAIN CAPITAL IMPROVEMENTS WHEREAS, the Prince William County School Board has approved the construction of new schools, additions, and renovations to existing schools as listed in the Prince William County Public Schools FY 2022-2031 Capital Improvements Program document; and WHEREAS, the projects listed below will be funded through the issuance of Virginia Public School Authority debt; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD AS FOLLOWS: It is necessary or advisable to advance money on a temporary basis for the costs associated to the construction of the Potomac Shores Middle School, Gainesville High School, and Rosemount Lewis Elementary School; the additions to Gainesville Middle School (11 rooms) and Reagan Middle School (6 rooms); specific facility-based improvement projects to include Bennett Elementary School renovation, Hylton High School renovation, Penn Elementary School renovation, Bristow Run Elementary School renovation, Signal Hill Elementary School renovation, Parkside Middle School renovation, Brentsville District High School site improvements, Hylton High School artificial turf, Gar-Field High School CTE culinary improvements, Osbourn Park High School fenestration improvements, Unity Reed High School fenestration improvements, Graham Park Middle School fenestration improvements, Freedom High School roof replacement, Neabsco Elementary School roof replacement, and Battlefield High School roof replacement, that are to be paid prior to such issuance; and BE IT FURTHER RESOLVED the Prince William County School Board intends that adoption of this Resolution shall constitute "official intent" within the meaning of Treasury Regulations Section 1.150-2 issued pursuant to the Internal Revenue Code of 1986, as amended; and BE IT FURTHER RESOLVED that the Prince William County School Board reasonably expects to reimburse advances made or to be made by the School Division to pay costs of the construction of the Potomac Shores Middle School, Gainesville High School, and Rosemount Lewis Elementary School; the additions to Gainesville Middle School (11 rooms) and Reagan Middle School (6 rooms); specific facility-based improvement projects to include Bennett Elementary School renovation, Hylton High School renovation, Penn Elementary School renovation, Bristow Run Elementary School renovation, Signal Hill Elementary School renovation, Parkside Middle School renovation, Brentsville District High School site improvements, Hylton High School artificial turf, Gar-Field High School CTE culinary improvements, Osbourn Park High School fenestration improvements, Unity Reed High School fenestration improvements, Graham Park Middle School fenestration improvements, Freedom High School roof replacement, Neabsco Elementary School roof replacement, and Battlefield High School roof replacement, that are to be paid prior to such issuance. The maximum amount of debt or other financing expected to be issued for this purpose is $6,000,000 for the construction of the Potomac Shores Middle School, $10,400,000 for Gainesville High School, and $34,155,00 for Rosemount Lewis Elementary School; $8,800,000 for the addition to Gainesville Middle School (11 rooms) and $6,000,000 for the addition to Reagan Middle School (6 rooms); specific facility-based improvement projects to include $4,176,123 for the Bennett Elementary School renovation, $7,000,000 for the Hylton High School renovation, $2,000,000 for the Penn Elementary School renovation, $4,000,000 for the Bristow Run Elementary School renovation, $4,000,000 for the Signal Hill Elementary School renovation, $5,000,000 for the Parkside Middle School renovation, $4,116,000 for the Brentsville District High School site improvements, $1,646,000 for the Hylton High School artificial turf, $1,476,865 for the Gar-Field High School CTE culinary improvements, $10,658,000 for the Osbourn Park High School fenestration improvements, $10,658,000 for the Unity Reed High School fenestration improvements, $300,000 for the Graham Park Middle School fenestration improvements, $2,000,000 for the Freedom High School roof replacement, $800,000 for the Neabsco Elementary School roof replacement, and $1,750,000 for the Battlefield High School roof replacement. PASSED AND ADOPTED this _________ day of ___________2021. ________________________________________ Babur B. Lateef, M.D., Chairman At-Large Prince William County School Board Attested to: _____________________________ B Simpson Clerk to the School Board .