AGENDA DATE: 2/15/2023
TITLE:
Title
Albemarle Charlottesville Regional Jail (ACRJ) Renovation Project Financing Strategy
BODY
SUBJECT/PROPOSAL/REQUEST: Receive the presentation of the ACRJ Renovation Project Financing Strategy
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Richardson, Walker, Kumer
PRESENTER (S): Martin Kumer, Roland Kooch
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: At its meeting on September 7, 2022, the Board of Supervisors approved a Resolution seeking State support for 25% reimbursement of eligible costs associated with planned renovations at the Albemarle Charlottesville Regional Jail (ACRJ). Since that action, and along with similar action by Nelson County and the City of Charlottesville, the Governor included such funding in his budget proposal now before the General Assembly.
Included as attachments herewith are several documents directly related to the previous project process steps that have led to where the project is currently. Most notable are the facility needs assessment, planning study, and significant public engagement activities.
STRATEGIC PLAN: Infrastructure Investment - prioritize, plan, and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION: In anticipation of favorable consideration and action by the General Assembly this session, it is timely to engage the ACRJ member jurisdictions on the proposed financing strategy that could be implemented, with an interim financing as early as this Spring/Summer. Accordingly, Davenport and Company, ACRJ's financial advisors, are presenting information to each of the three ACRJ member jurisdictions with expectation that the Board of Supervisors will be asked to take action in support of the financing in the coming months.
BUDGET IMPACT: This presentation is for information only. The County's share of any future costs will be consid...
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