Agenda 03/13/2007 - Laserfiche WebLink

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March 13, 2007 The Honorable James McHone Town of Stuart P.O. Box 422 Stuart, VA 24171 Dear Mayor McHone: During its regularly scheduled meeting on March 13, 2007, Martinsville City Council, acting in its capacity as the Martinsville Redevelopment and Housing Authority, considered your request and acted as follows. This letter is an indication of the City of Martinsville Redevelopment and Housing Authority's commitment to assist the Town of Stuart in the implementation of a Redevelopment Plan for a legally designated area in Uptown Stuart. In accordance with Title 36 of the Code of Virginia, the Authority would require authorization by Resolution to exercise its powers within the jurisdiction of Stuart. It is the Authority's understanding that actual administration of the Redevelopment Plan activities would be carried out by the Town of Stuart staff as well as consultants and other professionals procured by the Town. The Authority has been informed that a portion of the Uptown Stuart revitalization area has been designated as the primary target area for the redevelopment program. Specific program activities, including property acquisition and disposition, will be subject to approval of a final Redevelopment Plan by the Martinsville Redevelopment and Housing Authority and the Stuart Town Council. Based on discussions with representatives of the Town, it is anticipated that the Uptown Stuart Redevelopment Plan will be initiated over the next twenty-four (24) months, pending availability of funding through the Virginia Community Development Block Grant (VCDBG) program. The Martinsville Redevelopment and Housing Authority looks forward to the opportunity of working with the Town of Stuart in addressing the redevelopment needs of its uptown commercial area. Sincerely, Kimble Reynolds, Jr., Chairman Martinsville Redevelopment and Housing Authority