December 8, 2005

 

 

Board of Supervisors

County of Albemarle, Virginia

Charlottesville, Virginia

 

 

Industrial Development Authority
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

 

View Certificate

        Exhibit A - Advertisement

        Exhibit B - Summary of Statements

        Exhibit C - Inducement Resolution

View Fiscal Impact Statement

View Proposed Board Resolution

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