CONSENT AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Public Safety Committee

December 10, 2009

Staff Lead:

Department: 

Catherine M. Heritage, Deputy County Administrator

County Administration

Topic: 

A Resolution Authorizing the County Administrator to Execute a “Letter Of Moral Obligation” on Behalf of Fauquier County Guaranteeing Funding for the Construction of the New Baltimore Volunteer Fire and Rescue Company by the United States Department of Agriculture (USDA)

Topic Description:

The Fauquier Volunteer Fire and Rescue Association has requested a “letter of moral obligation” from Fauquier County to guarantee funding to support the construction of the New Baltimore Fire and Rescue Station for $5,703,000.  In December 2005, the Board of Supervisors approved debt funding for the New Baltimore Fire & Rescue Station by the United States Department of Agriculture (USDA).

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

The fiscal implications of the execution of such letter were discussed at length in a December 8, 2005 work session.  While the County is not legally obligated to pay the debt service for the New Baltimore Fire and Rescue station’s loan, the County would guarantee the debt service payments of approximately $316,000 per year from the fire levy revenue for the loan.

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

Finance Department
Department of Fire, Rescue and Emergency Services
Fauquier Volunteer Fire Rescue Association

Attachments:

1.                  Letter of Moral Obligation

2.                  Fire and Rescue Loan Status