Extract to table

Rather, data center use in the PD-IP district requires a Zoning Modification, commonly referred to as a "ZMOD," which must be approved by the Loudoun County Board of Supervisors following a public hearing process

ZMOD Process Steps The ZMOD approval process in Loudoun County involves the following sequential steps, each of which must be completed before the Board of Supervisors can take action on the application: 1

A minimum equity contribution of $52,500,000 (representing 25% of the total equity commitment of $210,000,000) must be funded by the borrower before the first draw under the Construction Loan

It must be confirmed whether this fee is payable at the time of the commitment letter execution or at the loan closing

The substation easement — a significant real property interest — must be granted by the owner of the Meridian Parcel in favor of VPC

This means that the Meridian Parcel closing must occur before the substation easement can be granted and before VPC can commence substation construction