AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Chester W. Stribling, Lee District Supervisor

                            April 12, 2007

Staff Lead:

Department: 

Catherine M. Heritage, Assistant County Administrator

County Administration

Topic: 

A Resolution Authorizing the County Administrator to Execute a “Letter of Moral Obligation” from Fauquier County Guaranteeing Funding to Support Renovations of the Remington Fire Rescue Station Contingent Upon the Mutual Execution of A Facilities Use Agreement and Approval of Such Funding by the United States Department of Agriculture (USDA)

Topic Description:

The Fauquier Volunteer Fire Rescue Association has requested a “letter of moral obligation” from Fauquier County to guarantee funding to support needed renovations at the Remington Fire Rescue Station.   As conditions of executing this letter, staff is recommending that the Board require a mutually-agreeable Facilities Use Agreement and that such funding be approved by the USDA.

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

The fiscal implications of the execution of such a letter, particularly those related to the County’s bond rating, were discussed at length in a Work Session on the afternoon of December 08, 2005 by the Finance Director at the time the first moral obligation letter was approved.   

Should funding be approved by the USDA, the County is not legally obligated to pay the debt service for Remington Fire Rescue Station’s loan. The County would guarantee the debt service payments of approximately $247,000 per year from the fire levy revenue.  

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Finance Department

Department of Fire and Emergency Services

Fauquier Volunteer Fire Rescue Association