AGENDA DATE: 6/21/2023
TITLE:
Title
Authorized Uses of Rivanna Station Futures Acquisition
BODY
SUBJECT/PROPOSAL/REQUEST: To conduct a public hearing concerning the development of business and industry on the Rivanna Station Futures property and to reaffirm use of the property for such purposes
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Henry, Rosenberg, Herrick, DeLoria, Newberry
PRESENTER (S): Andy Herrick
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On May 24, 2023, the Board of Supervisors adopted a resolution (Attachment A) to authorize the acquisition of 462 acres located in the Rivanna Magisterial District, at a purchase price of $58 million, for certain purposes. The subject property (formerly Project Falcons, but now known as Rivanna Station Futures) consists of the following Parcels: 02100-00-00-014C0, 03200-00-00-005C0, 03300-00-00-00100, 03300-00-00-001B0, 03300-00-00-001D0, 03300-00-00-00200, 03300-00-00-01000, 03300-00-00-01400, 03300-00-00-01500, a portion of 03300-00-00-01300, and a portion of 03300-00-00-01600. As presented on May 24, the development of the County’s proposed Intelligence Community Innovation Acceleration Campus on this property may include public, private, and non-profit users.
STRATEGIC PLAN: Economic Prosperity - Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals.
DISCUSSION: By its action on May 24, the Board has already authorized the acquisition of the Rivanna Station Futures property (a) for any public use, including, without limitation, public facilities such as educational facilities and military installations (pursuant to Virginia Code § 15.2-1800), (b) for facility site(s) (pursuant to Virginia Code § 15.2-4917), and (c) for development of business and industry (pursuant to Virginia Code § 15.2-1802), conditioned upon the conduct of a public hearing as required therein.
BUDGET IMPACT: Staff’s presentation on June 7 provided an overview of the budgetary impact and financing strategy for the purchase of the 462 acres for $58 million, as well as the due diligence to be undertaken by the County.
RECOMMENDATION:
Recommendation
Staff recommends that the Board conduct the public hearing and subsequently adopt the attached proposed Resolution (Attachment B), reaffirming the possible uses of the Rivanna Station Futures property, including, without limitation, the development on such land of business and industry. In all other respects, the Board’s May 24 Resolution would be reaffirmed and remain in effect.
ATTACHMENTS:
A - 5/24/2023 Adopted Resolution
B - Proposed Resolution