ORDINANCE

AN ORDINANCE TO CLASSIFY REAL PROPERTY OWNED BY BUCHANAN HALL AS EXEMPT FROM REAL PROPERTY TAXATION

WHEREAS, Fauquier County Code Section 8-71 authorizes the Board of Supervisors to designate property as exempt from taxation where such property is held by an organization that uses the property exclusively for charitable purposes;  and

WHEREAS, Virginia Code 58.1-3651 sets forth the process and procedure by which a locality may designate property as tax exempt; and

WHEREAS, Virginia Code 58.1-3651.B requires that prior to the adoption of any Ordinance exempting property from local taxation the Board of Supervisors shall hold a public hearing on the proposed application; and

WHEREAS, after due notice and public hearing, the Board of Supervisors has considered the questions set forth in Virginia Code 58.1-3651.B and, upon consideration of those questions, has determined that the application for the proposed exemption from taxation should be granted; now, therefore, be it

ORDAINED by the Fauquier County Board of Supervisors this 11th day of January 2007, That the property of Buchanan Hall, further described as PIN #6064-14-7137, be, and is hereby, designated as exempt from real and personal property taxation; and, be it

ORDAINED FURTHER, That the continuance of this exemption shall be conditioned upon the continuous use of this property in accordance with the purpose for which this organization has been designated; and, be it

ORDAINED FINALLY, That this exemption shall be effective January 1, 2007.

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