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<br />M Martinsville <br /> <br />City Council <br />Agenda Sununaly <br /> <br />Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />November 14, 2006 <br />2. <br /> <br />Community Development <br /> <br />Consider adoption of a Resolution designating the Uptown area <br />as described on Exhibit A as a revitalization area, <br /> <br />Summary: <br /> <br />The opportunity for financing of mixed-use, commercial-residential projects in our <br />city, is another tool for continued revitalization. In o.rder to be eligible for this <br />financing, an area must be designated as a revitalization area. Taking this action <br />comes at no cost to the city, but the benefits derived will have a long-lasting social <br />and economic impact in a positive way. Once this resolution is adopted and <br />forwarded to VHDA,thei.r representatives would be willing to. come to Martinsvil1e <br />and conduct a forum and instruction. session for the benefit of any property <br />owners desiring to take advantage of the financing product(s) that they now offer. <br /> <br />Attachments: <br /> <br />Historic District Map <br />Census Map <br />Resolution <br /> <br />Recommendations: Motion to adopt Resolution <br />