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V I R G i N I A
RESOLUTION 98 27
ENDORSING VIRGINIA'S FIRST REGIONAL INDUSTRIAL FACILITY
AUTHORITY'S APPLICATION FOR VIRGINIA INDUSTRIAL SITE
DEVELOPMENT FUNDS
Whereas, the Virginia Industrial Site Development Fund was passed by the 1998 General
Assembly; and,
Whereas, the objectives of the Fund are: to assist in the~development of publicly owned,
marketable regional industrial sites; to strengthen the capacities of distressed
communities to stimulate and promote economic development activity; to encourage the
development of regional cooperation and marketing concepts for economic development
purpose; and to i~rease Virginia's total industrial site inventory; and,
Whereas, the Department of Housing and Community Development has prepared
program guidelines for the Virginia Industrial Site Development Fund; and,
Whereas, the General Assembly has provided $3 million in State financial assistance to
distressed communities to assist with the development of regional industrial sites; and,
Whereas, the legislation gives "preference to regional sites (two or more localities), sites
purchased or placed under option and engineering study contracted for or completed;"
and,
Whereas, the 1997 Virginia General Assembly adopted the Virginia Regional Industrial
Facilities act; and,
Whereas, the Act provided localities in the New River Valley and the Fifth Planning
Districts a legislative mechanism to enhance the economic base of this region by allowing
local, governments to jointly develop, own and operate one or more industrial facilities on
a cooperative basis; and,
Whereas, the Act provided that participating localities could share the revenue generated
from a cooperative regional industrial facility; and,
Whereas, Virginia's First Regional Industrial Facility Authority formed in 1998 in
response to the Virginia Regional Industrial Facilities Act; and,
t
s
Whereas, the counties of Bland, Craig, Giles, Montgomery, Pulaski, Roanoke, and
Wythe, the cities of Radford, Roanoke, and Salem, and the towns of Pulaski, Dublin,
Narrows, Peazisburg, and Christiansburg are the members of Virginia's First Regional
Industrial Facility Authority.
Now Therefore, be it resolved, that the Town of Pulaski, Virginia does hereby support
the Authority's application for $1.375 million from Virginia Industrial Site Development
funds foc construction of the New River Valley Commerce Park; and,
Be it further resolved that the remaining $7,464,089 construction casts will come from:
$500,000 ARC (application submitted), $4,139,0891ocaiities choosing t+a participate in
the project; $450,000 VDOT, and $1 million EDA; and
I3e it further resolved that Thomas M. Combiths is the chief administrative officer for
the Town of Pulaski, Virginia and is authorized to sign and submit all appropriate
information necessary for Virginia's First Regional Industrial Facility Authority to apply
for ViSDF funds.
This resolution is effective upon adoption and is adopted by recorded vote of the Town
Council of the Town of Pulaski, Virginia, on this 3rd day of November, 1998 as follows:
James M. Neblett - Aye
Lane R. Penn - dye
Jeffrey S. Worrell - ~e
Bettye H. Steger _ Aye
Attest:
~n r
Patricia Pendergrast, Clerk Councii
t 4357
W. Edgar Hale - Aye
Joseph L. Weddle - dye
Pauline G. Mitchell - Aye
Chazles. W. Stewart, Jr. - t~ye
TOWN OF PULASKI, VIRGINIA
By:
John A. hnston, Mayor
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1~ IlYDUSTRIAI. ~TTri, nF~T.npM"r.NT Ti rTNn 'QA DT T _ DDAD~IC.~ T CiTR.i~.f ~ Dv
- _-_ - - - - +rw~ ~ vvs.a.. as"1x11
a
I: Lead App6caat:
ms's First Relpional toda
sKial Faa'iih
2. Chid OlBeial:
Williaal Fe~eestaaa, Cbairvan
3. Least Appticast S Add:+~:
e!o IVRVPDC
(~~7'} P.O Boz 37b2
YA 1A143
. Project Type: 3. Project I~ 6. Contact Person:
Track I - Caaattttction ittew Riv~ee Vafley Commerce Psrk Dove Rssidgree
P4one(S~O)639-1313
~. Total Projat Cost:
ISDF
1375.000
s s,, (~ ctrl loca8ties):
b. i,aeai Cash aBlaod Comte L Tone of
Stage (Loon) b• .~ Camev m Taws of Narrows
Fed. (Coca) 2100.000 c.__Giles Comte e. Tone of PearisMrra
Other (Lean) 1.179.089 ~ MO°~' C•O11e° o. Tows of CLrist~bura
. Local Ravmrae ~}.ppp a_PWa~ Comte
a Non Cash £ Romoiae Camty
State Gtaot 450.0001VDOT1 :' ~~ C'°~ '
Fed (iiaot i.i00~000 (ARC ~ IDA1 !h Citt- of ~~
~. h ~ of Rosaoloe
C
" ~S,lem
PrivatdOrbc
Tow!
S'7,464,089 n
--.--.--
1~--
k TawsofPWa:1a ,
9. List F.aeh Actirity:
19. Diatnas Thy:
a sine caetr+ni ~ } ~~ COLG ~
b.~d~at~ioa a ~i1~+~ ~ ~ X8X
c. site txeearatien b Bland Carorv ~. ~
d, old a ~L#IiS~4X XiSX
a d.t~oot: Co.. Itad. Cmr_ Saiam Cite ~
a jig Ca. Ramoke Ciar ~C ~
11. Site Control 1~ ~ .~,~~;
-Site is pebbly owaod ~,_ -Pndimioaty F.eginearin8 CcmP~ SX.-
-Uodrr fused-grins X~.~_ _p~y F.c~iuooaia8 Coaoractod
13. Match Tiu+ahold: 14. iNate6 Comm~ot:
-ISDF 51375.000
-Total LSDF Match (1:1) 54.139089 N
.Total Project Match Y 7QC
-ZS•/.i Local Cssh 54.139.089 _
-Total Local Cash Y XX N
-ZS•/. Non Cash 5. - _ -Togl Nai Cash Y N
1S. To tht best ojary rbcow/tdgr and belief, data fn this proposal an tare and correct, the proposol bas bear duly authorized by the
gove»ring bodies ojtha parttcipanrs and the proposal arar subwrirtsd jair PDC t+eriew~
Chief Adoa~ntive OlScer:
Name: ~~ M, Combith s Signature:
Title: Pulaski Town Man~,g r Date:
(Please•include aResolution(s) in ATTACHMENT I -See Instructions) ISDF-1
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