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Session Laws, 1971
Volume 707, Page 2442   View pdf image
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2442                               County Local Laws

fiscal year beginning July 1, 1970, in the amount of One Million Eight
Hundred Ten Thousand Dollars ($1,810,000.00), said budget showing that
it is proposed to finance said program with State Aid for School Building
Construction in the amount of Two Hundred Eighty-Five Thousand
Dollars ($285,000.00) and funds provided by the County through the
issuance of its bonds in the amount of One Million Five Hundred Twenty-
Five Thousand Dollars ($1,525,000.00); and

Whereas, the aforesaid five-year Capital Improvement Budget, adopted
as aforesaid, also provides for the construction and purchase during the
fiscal year beginning July 1, 1970, of various essential public improve-
ments in the amount of Five Hundred Seventy-Nine Thousand Dollars
($579,000.00); and

Whereas, the County Council of Wicomico County, Maryland, deems
that said School Construction and Improvement Program and said Public
Improvements are necessary to the welfare of Wicomico County, Maryland,
and that the financial resources of the County are ample, with the limita-
tions as prescribed by the Charter of Wicomico County, Maryland, to
permit the borrowing of the sum required therefor.

Section 1. BE IT ENACTED BY THE COUNTY COUNCIL OF
WICOMICO COUNTY, MARYLAND, IN LEGISLATIVE SESSION,
that in order to provide the funds required to enable Wicomico County,
Maryland, to finance the cost of the Public Improvement Projects for the
ensuing fiscal year in the Capital Improvement Budget of the County
Council adopted January 1.3, 1970, and in order to provide the funds
required to enable the Board of Education of Wicomico County to finance
the cost of school projects approved for the ensuing fiscal year in the
Capital Improvement Budget of the County, adopted January 13, 1970,
Wicomico County, Maryland, is hereby authorized and empowered by
Ordinance of the County Council passed in Executive Session, to borrow
not exceeding Two Million One Hundred Four Thousand Dollars ($2,104,-
000.00) and to evidence said borrowing by the issue and sale at public
sale, as hereinafter provided, of the general obligation serial maturity
coupon bond of Wicomico County, Maryland, in like par amount.

Section 2. AND BE IT FURTHER ENACTED, that with respect to
the public improvements projects and school projects listed below, the word
"cost" as used in Section 1 hereof shall, unless more particularly limited in
this Section, include land and right-of-way acquisition and development;
construction of new buildings and schools or additions to, or improvements
of, existing buildings and schools; construction or provision of facilities
related or appurtenant to said schools or facilities; architect's, engineer's
or other professional fees and expenses incurred in connection with any
such public improvement or school project or the financing thereof; equip-
ment of, and pedagogical material for any school project herein. The total
funds to be appropriated or used to pay the cost of such public improve-
ments and school projects in the ensuing fiscal year, as provided in said
Capital Improvement Budget, shall be allocated among the following
improvement and school projects, in the amount set opposite each,
subject to such variations or modifications as are herein provided:

1.   Wicomico High School Auditorium.............................. $704,066.00

2.   Addition, Beaver Run School........................................ 111,822.00

3.   Addition, East Salisbury School .................................. 128,389.00

4.   Addition, North Salisbury School.................................. 111,822.00

5.   Addition, Glen Avenue School ...................................... 190,512.00

 

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Session Laws, 1971
Volume 707, Page 2442   View pdf image
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