AN ORDINANCE TO AMEND THE COMMUNITY DEVELOPMENT FEE SCHEDULE TO Delete 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 letter of credits 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
ORDAINED by the Fauquier County Board of Supervisors this 14th day of June 2007, That the fee for bond renewals be, and is hereby, removed from the Community Development Fee Schedule.