A RESOLUTION TO AUTHORIZE THE EXECUTION OF REIMBURSEMENT AGREEMENTS FOR REPAYMENT OF FUNDS TO THE COMMONWEALTH OF VIRGINIA RELATED TO CHANGE OF USE OF UNITS IN HANGAR #2 AT THE WARRENTON-FAUQUIER AIRPORT
WHEREAS, Fauquier County has been advised of a policy action that prohibits the use of State funds to construct T-hangars that house certain aviation businesses; and
WHEREAS, the County accepted State funds in 2002 and 2003 for design and site improvements associated with Hangar #2 at the Warrenton-Fauquier Airport; and
WHEREAS, in order to use space in the hangar for maintenance businesses, the County is required to repay the Commonwealth approximately $45,000; and
WHEREAS, Phoenix Aviation and Midland Development Corporation have agreed to reimburse the County this expense over a five year period; now, therefore, be it
RESOLVED by the Fauquier County Board of Supervisors this 12th day of April 2007, That the County Administrator be, and is hereby, authorized to enter into reimbursement agreements with Phoenix Aviation and Midland Development Corporation.