December 8, 2005
Board of Supervisors
County of Albemarle, Virginia
of the City of Charlottesville, Virginia
Proposed Financing for Recording for the Blind & Dyslexic, Inc.
Recording for the Blind & Dyslexic, Inc. (the "Company") has requested that the Industrial Development Authority of Albemarle County, Virginia ("Authority") approve the issuance by the Industrial Development Authority of the City of Charlottesville, Virginia of up to $2,850,000 of its revenue bonds ("Bonds") to assist the Company in financing the acquisition, construction and equipping of a new headquarters facility for the Company’s Regional Unit of the Virginias and the Carolinas, to house its regional administrative offices and recording facilities, consisting of approximately 11,650 square feet to be located on Greenbrier Road just west of Route 29, in the County of Albemarle, Virginia. ("Project").
The Authority has conducted a public hearing on the proposed financing of the Project and has recommended that you approve the issuance of the Bonds as required by Section 147(f) of the Internal Revenue Code of 1986, as amended, and Section 15.2-4906 of the Code of Virginia of 1950, as amended.
Attached hereto is (1) a certificate evidencing the conduct of the public hearing and the action taken by the Authority, (2) the Fiscal Impact Statement required pursuant to Virginia Code Section l5.2-4907, and (3) the form of resolution suggested by counsel to evidence your approval.
Secretary, Industrial Development Authority
of Albemarle County, Virginia
Exhibit A - Advertisement
Exhibit B - Summary of Statements
Exhibit C - Inducement Resolution
View Fiscal Impact Statement
View Proposed Board Resolution
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