AGENDA DATE: 6/13/2018
TITLE:
Title
Resolution to Request Economic Development Access Program Funding for Avon Court
BODY
SUBJECT/PROPOSAL/REQUEST: Resolution to authorize the County Executive to apply to the Commonwealth Transportation Board for Economic Development Access Program funding
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Richardson, Walker, Kamptner, Blair, Johnson, Newberry
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Choose an item.
BACKGROUND: The Economic Development Access Program (formerly known as the Industrial Access Program) is a state-funded incentive designed to assist Virginia localities in attracting sustainable businesses that create jobs and generate tax revenues within the locality. The program makes funds available to localities for road improvements needed to provide adequate access for new or substantially expanding qualifying establishments. The program defines "qualifying establishments" as those which include manufacturing, processing, and research and development facilities, distribution centers, regional service centers, corporate headquarters, government installations or similar facilities.
The attached County policy Governing Requests for Use of Industrial Access Funds (Attachment A) was adopted in 1993 and established a policy to support project requests on a first-come, first-serve basis. Two other criteria were established: 1) All property adjoining a proposed industrial access road shall be currently zoned for industrial uses that will qualify under the state's industrial access program, and 2) all costs and potential obligations of the program shall be borne by the applicant such that no local funds are in any way involved in such a project.
STRATEGIC PLAN: Economic Prosperity: Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals; and Thriving Development Areas: Attract quality employment, commercial, and hig...
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