ORDINANCE 

AN ORDINANCE EXEMPTING CERTAIN REAL PROPERTY OWNED BY FAUQUIER HOUSING CORPORATION OR ITS WHOLLY OWNED SUBSIDIARIES FROM TAXATION 

            WHEREAS, Fauquier County Code Section 8-53 authorizes the Board of Supervisors to designate property as exempt from taxation where such property is held by organizations that  use the property exclusively for religious, charitable, patriotic, historical, benevolent, cultural, or public park and playground 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, the Board of Supervisors, after due notice and public hearing, 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 8th day of June 2006, That the parcels of real property hereinafter set out be, and are hereby, declared as exempt from taxation for real property taxes of the County based upon Fauquier Housing Corporation or its wholly owned subsidiaries’ exclusive use of said property for benevolent purposes, and for so long as the subject properties remain under the sole ownership and control of Fauquier Housing Corporation:

  • Fauquier Housing Corporation, owner, PIN # 6983-59-5901
  • Countryside Associates LP, owner, PIN #s 6989-98-6307 and 6989-98-5301
  • Stuart Street Homes LP, PIN #s 6899-32-4403 and 6899-32-5690
  • Fauquier Housing Corporation, PIN #s 6989-97-6214, 6989-97-6199 and 6989-97-6128
  • The Oaks II Limited Partnership, Owner, PIN #6985-30-7573
  • Those properties hereafter acquired by Fauquier Housing Corporation, or a wholly-owned entity, that meet all the requirements of this Ordinance and the Code of Virginia for tax exemption, provided that an application on forms prescribed by the Commissioner of Revenue has been filed, reviewed, and approved by the Commissioner of the Revenue and the County Attorney.

; 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 as of January 1, 2006.

 

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