Local Run or Debug of Web Application on a UNC Share

I've seen quite a bit of info on this on the web, but can't seem to pinpoint the
resolution. All I want to do is run or debug a web application that I am
accessing through a UNC share (mapped network drive). I am able to edit or build
and publish this code without error, but when I try to run the code locally, I
get the below error. How can I grant it the permission it needs?
 

Security Exception
Description: The application attempted to perform an operation not allowed by
the security policy.  To grant this application the required permission please
contact your system administrator or change the application's trust level in the
configuration file. 

Exception Details: System.Security.SecurityException: Request for the permission
of type 'System.Web.AspNetHostingPermission, System, Version=2.0.0.0,
Culture=neutral, PublicKeyToken=b77a5c561934e089' failed.

Source Error:

An unhandled exception was generated during the execution of the current web
request. Information regarding the origin and location of the exception can be
identified using the exception stack trace below.
Stack Trace:



[SecurityException: Request for the permission of type
'System.Web.AspNetHostingPermission, System, Version=2.0.0.0, Culture=neutral,
PublicKeyToken=b77a5c561934e089' failed.]
   System.Reflection.Assembly.GetType(String name, Boolean throwOnError, Boolean
ignoreCase) +0
   System.Web.UI.Util.GetTypeFromAssemblies(ICollection assemblies, String
typeName, Boolean ignoreCase) +140
   System.Web.UI.TemplateParser.GetType(String typeName, Boolean ignoreCase,
Boolean throwOnError) +295
   System.Web.UI.TemplateParser.ProcessInheritsAttribute(String baseTypeName,
String codeFileBaseTypeName, String src, Assembly assembly) +163
   System.Web.UI.TemplateParser.PostProcessMainDirectiveAttributes(IDictionary
parseData) +192

Hi GregSQL,

Open project via UNC path is not trusted. You should grant FullTrust permissions
to that URL (For example: file:////\\<IPAdress>\sharename\*) in the .NET
Framework Configuration. About how to grant permission, please refer to the
following link:

How to: Grant Permissions to Folders and Assemblies
http://msdn2.microsoft.com/en-us/library/zdc263t0(VS.80).aspx