A Resolution DIRECTING THE COUNTY ADMINISTRATOR TO SCHEDULE A PUBLIC HEARING TO CONSIDER an Amendment to the County Code ELIMINATING the Fee for Bond Renewal
WHEREAS, the Department of Community Development has increasingly obtained automatically renewing letters of credit as surety for developers agreements; and
WHEREAS, as a consequence the administrative burden of reviewing renewals of such letters of credit has decreased; and
WHEREAS, the Department is of the opinion that it is no longer necessary to impose a fee for such renewals; now, therefore, be it
RESOLVED by the Fauquier County Board of Supervisors this 10th day of May 2007, That the County Administrator be, and is hereby, directed to schedule a public hearing to consider an amendment to the County Code to eliminate the fee for bond renewals.