COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Ordinance Amendment – Chapter 2, Administration, Article VI, Industrial Development Authority

 

 

SUBJECT/PROPOSAL/REQUEST:

Public hearing to amend Chapter 2, Administration, Article VI, Industrial Development Authority, to change the name of the Industrial Development Authority of Albemarle County, Virginia to the Economic Development Authority of Albemarle County, Virginia

 

 

STAFF CONTACT(S):

Tucker, Davis

 

 

LEGAL REVIEW:   Yes

 

 

AGENDA DATE:

June 4, 2008

 

ACTION:     X                              INFORMATION:   

 

CONSENT AGENDA:

  ACTION:                                  INFORMATION:   

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

On November 13, 2007 the Industrial Development Authority of Albemarle County (“IDA”) adopted a Resolution requesting that the Board of Supervisors change the name of the IDA to the Economic Development Authority of Albemarle County.  (Attachment A) This Resolution was presented to the Board of Supervisors at its May 7, 2008 meeting.  Virginia Code Section 15.2-4903 authorizes the Board of Supervisors to rename the IDA to an economic development authority.  The IDA name is codified in the County Code and requires an ordinance amendment to implement the name change.  The Board of Supervisors authorized this ordinance amendment to be advertised for public hearing on June 4, 2008.

 

STRATEGIC PLAN:

Goal 1: Enhance the Quality of Life for County Residents.

 

DISCUSSION:

The 2004 General Assembly amended Virginia Code Section 15.2-4903 to enable any County that chooses to do so to rename an IDA to be an “economic development authority”.  The change in name does not change any of the powers, duties, or responsibilities of the IDA.  It is a name change only.  The attached ordinance, if adopted, implements the name change requested by the IDA. (Attachment B)

 

 

BUDGET IMPACT:

There is no anticipated budget impact.

 

 

RECOMMENDATIONS:

Staff recommends that the Board adopt the attached ordinance after the public hearing.

 

 

ATTACHMENTS

A – Resolution adopted by IDA

B – Ordinance

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