Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District

July 15, 2002

Staff Lead:


Anthony Hooper

Assistant County Administrator


A Resolution Authorizing the Assistant County Administrator to Execute an Owner's Affidavit and Landlord's Consent & Borrower's Assignment of Lease Related to the Construction of a T-Hangar on the Warrenton-Fauquier Airport Property.

Topic Description:

The County of Fauquier, by previous resolution, has authorized Midland Development Corporation to construct and operate a T-hangar located at the Warrenton-Fauquier Airport.  A copy of the area leased to Midland Development Corporation is attached to this Agenda Request.  As part of  obtaining financing for this project, the lender requires that Midland Development Corporation and the County of Fauquier execute an Owner's Affidavit stating that there are no existing mechanic's liens, or other adverse or outstanding matters affecting title to the area to be leased to Midland Development Corporation; and, that the Landlord consents to Midland Development Corporation's assignment of its lease to BB&T Bank as security for its loan to Midland Development Corporation. The attached resolution authorizes the Assistant County Administrator to execute the Owner's Affidavit and the Landlord's Consent & Borrower's Assignment of Lease subject to approval as to form by the County Attorney.

Requested Action of the Board of Supervisors: 

Adopt the attached resolution.

Financial Impacts Analysis:


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

Midland Development Corporation

BB&T Bank