Agenda 11/28/2000 - Laserfiche WebLink

Home Browse Search

VI. VII. by the City of Martinsville and Henry County to the Virginia Department of Housing and Community Development. (See Enclosure #4) COMMENTS: Following the Public Hearing, we recommend that Council adopt the Resolution as prepared. Consider implementation of the collection of the new State Electric Consumption Tax. COMMENTS: This is a continuation of the discussion that Council had with Attorney Carter Glass at a recent Work Session. Consider adoption, on second reading, of Ordinance No. 2000-8 amending Appendix A--Schedule of Water and Sewer Rates of the City's Terms and Conditions for Water and Sewer Services. (See Enclosure #5) Consider adoption of a Resolution approving the financing of the Industrial Development Authority of the County of Franklin for the benefit of Goodwill Industries of the Valleys, Inc. for the issuance of the Authority's revenue bonds or notes in an amount not to ex- ceed $4,500,000 to assist in financing (a) the acquisition, renova- tion and equipping of a workforce development center and retail store located at 1045 North Main Street in the Town of Rocky Mount, Virginia, containing approximately 80,000 square feet, (b) the acquisition, construction and equipping of a retail store located on U.S. Route 58 in the City of Galax, Virginia, which will be on the same side said Route 58 as Wal-Mart on a parcel containing approximately 12,000 square feet, and (c) the acquisition, con- struction and equipping of a retail store located at 280 and 284 Commonwealth Boulevard in the City of Martinsville, Virginia, on the same side as Liberty Fair Mall and separated from the Mall by an access road leading off of Commonwealth Boulevard, containing approximately 12,000 square feet. (See Enclosure #6) COMMENTS: As you will note from the Enclosures, this is a three- phase project that includes the acquisition, construction and equipping of a retail store on Commonwealth Boulevard in the City of Martinsville. Since one of the facilities is with the City, City Council is required to take this action. The Martinsville project will be a $1,300,000 investment employing 31 employees at an average annual salary of $15,000. We recommend that Council adopt the Resolution as prepared. NOTE: City Council will recess and convene as the Martinsville Redevelopment and Housing Authority.