RESOLUTION BY ALBEMARLE COUNTY
TO REQUEST INDUSTRIAL ACCESS FUNDING
WHEREAS, the County of Albemarle desires to facilitate the industrial development of property located in the County; and
WHEREAS, this property is expected to be the site of new private capital investment in land, building, and manufacturing equipment which will provide substantial employment; and
WHEREAS, the subject property has no access to a public street or roadway and will require the construction of a new roadway extension which will connect to Avon Court (Route 1101); and
WHEREAS, the County of Albemarle hereby guarantees that the necessary environmental analysis, mitigation and right of way for this extended roadway and utility relocation or adjustments, if necessary, will be provided at no cost to the Virginia Department of Transportation; and
WHEREAS, in addition to the need for a new roadway extension, the existing public road network does not provide for adequate access to this property and it is deemed necessary that improvements be made to Avon Court (Route 1101); and
WHEREAS, the County of Albemarle hereby guarantees that the necessary environmental analysis, mitigation, and fee simple right of way for this improvement and utility relocations or adjustments, if necessary, will be provided at no cost to the Industrial, Airport and Rail Access Fund; and
WHEREAS, the County of Albemarle acknowledges that the State Environmental Review Process (SERP) must be completed prior to any construction activity on this project as a condition of the use of the Industrial, Airport and Rail Access Fund; and
WHEREAS, the County of Albemarle hereby guarantees that all ineligible project costs and any other costs not justified by eligible capital outlay will be provided from sources other than those administered by the Department of Transportation.
NOW, THEREFORE, BE IT RESOLVED THAT the Albemarle County Board of Supervisors hereby requests that the Commonwealth Transportation Board provide financing from the Industrial, Airport and Rail Access Fund to provide an adequate road to this property; and
BE IT FURTHER RESOLVED THAT the County of Albemarle hereby agrees to provide a surety or bond, acceptable to and payable to the Virginia Department of Transportation, in the full amount of the cost of the road; this surety shall be exercised by the Department of Transportation in the event that sufficient qualifying capital investment does not occur on Albemarle County Tax Map Parcel Number 07700-00-00-008B0 within five years of the Commonwealth Transportation Board’s allocation of funds pursuant to this request; and
BE IT FURTHER RESOLVED THAT the Albemarle County Board of Supervisors hereby agrees that the new roadway so constructed will be added to and become a part of the Secondary System of Highways.
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