RESOLUTION

A Resolution DIRECTING THE COUNTY ADMINISTRATOR TO SCHEDULE A PUBLIC HEARING TO CONSIDER an Ordinance to Classify Real Property Owned by Fauquier Housing Corporation or its Wholly Owned Subsidiaries as Exempt From Real Property Taxation

WHEREAS, Fauquier Housing Corporation has requested that the County classify certain properties owned or hereafter acquired by Fauquier Housing Corporation or its wholly owned subsidiaries as exempt from real property taxation; and

WHEREAS, Fauquier Housing Corporation has stated in the applications for exemption that the exemptions will facilitate its efforts to provide affordable housing; and

WHEREAS, prior to classifying such property as exempt, it is necessary to hold a public hearing; now, therefore, be it

RESOLVED by the Fauquier County Board of Supervisors this 11th day of May 2006, That the County Administrator be, and is hereby, directed to schedule a public hearing to consider comment regarding whether to adopt an Ordinance exempting specified properties owned by Fauquier Housing Corporation or its wholly owned subsidiaries.

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