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Board authorizes development performance agreement for Vint Hill lot; one supervisor recuses
Summary
The Board of Supervisors authorized county staff to draft and execute a developer performance-guarantee agreement to permit conveyance of a phase-1 lot at Vint Hill pending a performance bond for the larger project; one supervisor recused citing an investment conflict and the motion passed with a 4-0 vote and one recusal.
Fauquier County supervisors voted Feb. 13 to authorize the county administrator, community development director and county attorney to negotiate and execute a developer performance-guarantee agreement to permit conveyance of a phase-1 lot at the Vint Hill development while ensuring a performance guarantee (in lieu of an immediate performance bond) will be posted for the overall project.
County staff said the agreement would allow the developer to take steps toward conveyance of a lot…
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