CONSENT AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Larry L. Weeks , Scott Magisterial District Supervisor

August 18, 2003

Staff Lead:

Department: 

Michael W. Graff, Jr., Esquire

McGuireWoods LLP

(703)  712-5110

Topic: 

A Resolution of the Board Of Supervisors of the County of Fauquier, Virginia Approving the Issuance of Bonds by the Industrial Development Authority of the County of Fauquier, Virginia for the Benefit of Wakefield School, Inc.

 

Topic Description:

To assist Wakefield School, Inc. in financing and refinancing the acquisition, construction, renovation and equipping of various improvements to the School's campus at 4439 Old Tavern Road, The Plains, Virginia, by the issuance of  revenue bonds by the Industrial Development Authority of the County of Fauquier, Virginia in an amount not to exceed $12,000,000 pursuant to the School's plan of financing.  The bonds are not obligations of the IDA or the County, but merely permit the School to obtain a lower rate of interest on its private financing.

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

There are no financial impacts.

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

Fauquier County Industrial Development Authority

Attachment:  Exhibits A, B, and C