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A 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 Wakefield School, Inc. |
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To approve
the Industrial Development Authority's (IDA) assistance to
Wakefield School, Inc. in:
(1)
Refinancing Authority bonds and a loan previously issued
(together, the “Prior Obligations”) to assist the School in
financing various completed capital building projects
(renovations to Archwood House comprised of three floors and
approximately 5,000 square feet, parking, landscaping,
tennis courts, Robert’s Classroom Building comprised of two
floors and approximately 35,220 square feet, Upper School
Building comprised of three floors and approximately 19,800
square feet, Science/Tech. and Library Building comprised of
two floors and approximately 19,600 square feet, Activity
Center/Upper Gymnasium comprised of two floors and
approximately 13,040 square feet, Arts Building comprised of
two floors and approximately 7,719 square feet); and
(2)
Financing new infrastructure improvements related to
athletic field parking, emergency access (new “East Road”
construction), campus storm water management, water wells
and reservoir ponds for athletic field irrigation, and on
campus (campus entrance) and off campus (Route 245/Old
Tavern Road) traffic flow (the “Project”) located or to be
located on or around the School’s campus at 4439 Old Tavern
Road, The Plains.
The bonds
are not obligations of the IDA (except from applicant
revenues and security) or the County. |