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<br />September 23, 2008
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<br />RESOL(}TfON AUTHORIZING TilE EXECllTION OF AN A(;REf:MENT
<br />I'ROVIDING FOR Tnt<: O>>UGATIONS OF TilE (:ITY TO CONSIDE'''-
<br />CERTAIN APPROPRIATIONS TO TilE INDUSTRIAL DEVELOPMENT
<br />AliTI-IORITY OJ:<' HENRY COUNTY, VI.RGINIA AND ItENRY COUNTY, VIHGINIA
<br />1'0 I'.NANCE TilE CUNSTRl.JCTIUN OF A SIIELL ULJILlHN<..; FOR
<br />ECONOMIC I>I::VI::LOPMENT I)URPOSf:S AT Tilt: l'ATlUOT CENTEH
<br />INOt.1STRIAL PARK
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<br />"'VIIER!':AS, the ('it'" (\)UIKtl (Ih~' ("H1n~'ll ') "I th" ('llv "t M,ulmsvllllO, Vlrgm,..
<br />(111,- "t"ily"), dc"irc,. I" ''-~~I"I tlenry ("IIL'('''\' ('"Ulll)''''' ;lud lh..: InJ\.Jstrial
<br />Dc'-<:I,'pmclI: Aulholil)' of Ii<:nry ('<.Jllllly, [Ihe Bfkf1l\ ('''unl) IDA") ill ~'\H1.lIediol\
<br />with lh<:ir (,n,n'" 1<> "bt.lin finUlK.ill/,l, !,'r all "I II p<Htl"ll or Ihe <.:"'h H~""c'a(...d w;lh lilt:
<br /><,'UllSlllll'li"" aud <,)l{uil,pilLl-; "I" a :.10<:11 bUlld",!-,- Ull Lot lUI",:"I",..! III Ihe P"lri"l ('''''11''1
<br />!',n-\..: for u',e in economic devc!optnent dforts to Cltlr,l,'IIV... <.:OIlU1WfC1JI bU:Sll1C~:'<':~ 10 1,''''IlLe 111111",
<br />;,r"',l. \\'g...lhn ""llh lTlated .....,,,,,, a"d <~-'<p'~ll:''''~ (.;"llcdL'Tly, the 'Tl".ln~I"i:
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<br />\VIIEKEAS, lh.., llenry COUl!lY IDA l,.. lh" Ic\, ~'Il1Jlk UW'l<:r ul 1.,,1 10 1"<.:.1I...d in tl....
<br />Palnot (....Iller Illdustnal Par"- (logt:lh<...r \\lth the J'l"-Il,:d. ,<:!cn,,'d I" ~,~. th,,' "l'n'p,.nv"l
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<br />\VHERt,:AS, I'U"~U"UI 10 111",1 <':Cltalll ~"venllt:' Sh'-ll"il1~, ..\g,reemelu dal<:,j a,s "I' .'\!l,
<br />/O(j.~ hy and ....moll!o!. Ihc eli\', Ikllrv ('<.wIIlv .1l1d the I kill.',' ('('UIlI,;' ID,',\ ({he "!<..., <:lIl''''
<br />i\greClll\'nt'.l, the pJ.r!ICS hay\) agreed, ,lllhHlg 'lIhel' HUIIg.:., 111;11 whe'l i, ou:.1I1C';:. k'eale~ on (lne
<br />lhe dcsignale-d ~JtC'i on lhe Property. BeIH) ('<lullly will P,IY I,) th,' ('it... Oil a "ubjecf lu
<br />approprialiun IMsis, pn,"-lhLltl \.1' illl 1',,"","1\1,:< t~n'n"Il",1 by rl,,, ,nll ,..~I<lIe. lKTS"II...lI pn'r<:rl:
<br />lIladlllll::ry and k1\.>ls. and ".~Insum'-.I utilltv tux,",,, <.:oll,,',;ko b~ I-knry (")l!nh trulH {il~ b\fsill,,~..
<br />]oCllt..'{l ,)1I _~lJdl sile, alter Iknry County is r":llllbur:'ied l\--.r infrJstrUd\.lrC ,'osh in eX,'es:; oj gl.ml
<br />IUlld~ and ufkl 1<"I'"vII,cIII Or 'Ill\' <',Ish i,j\'clIli\e'o that n,,",' be l",i<l In Ih.' ("HIIlI)'
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<br />\VIIF.REAS. lhe undel1.1klng ,)flhe Pro,i.','! IS ':"r...'d...,IIO !'ill.HII','d IJU"llgJl til" iS~U,lIILC
<br />hv 111.., IlclllY (",'uuty IDA or liS 1_0:''''0(: Hc-v\.l1u,- B'J1jd \ Ikm, Sh<,l1 Buildil'J.'. 1'1 ".!e<.t1, in
<br />the <.Jggn:gat<: prlllupal ~lIl\UlllII <.,1 ~j,)OO,Ul)() ';"II'oISllllg (It Ill,,' "I I c"..'o' Kl"Tllue Bond.
<br />S,~ne.. :.:n()~ (tIll''' Senes 2()(J~ Ih,"<!") and the 1.2.()OU,1I00 leas..: Hond. St:l-ieo' ]OU') (\11':
<br />'Serie:, ~Uo<) B"t\d"~ (till: S..:r:es ;'O()~ Bond ,",d t1,... S"''''', .'(fU'1 H,,"d "j,.-dl ,-olled;'<"!\- h,
<br />r",f"'lrcd tu ,1." lhc "B"nd".'), 1111(..1 Il,e i~SU"IK<': 01 ,to..: 1\",,,0.1, .,r..' \,. b... IIllUO:lla"""'l1 11'
<br />,lcc'lnl,IIKc with the f"II,,,,.ill/l. d.'e\lln..."l~ (.!h.. ""'IWllCi"g
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<br />(al A 1.':-<1"'" ^~:""cmcl\! 11<.'1\\''''''1l111.; Ikl1l-' {"Hllltv ll>r\ .'n,;! (-'HU"Y, pursu;m\
<br />10 ,~hi<.:h the j knry ('''ll'lly. Il)A will h'a~c Ill(' Pr"l'c'rly to !Ill;' l .""lllv. a,ut Ill.; wi]1 ;1),'.I'n.,
<br />Ill! II .~uhJ..:d 10 "PI""l'l'ill'o,\ bus,:., Ie> "",,,",,, le,I~~" I"'...."'n>h II1<"1c<I"d", c:quul I" "r ('.rv.'I<." 111;111
<br />Ihe dd,! s~ni<:... paYlllcnh till... "IlU payahle '111111..: Bum\.
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<br />(h) ....1\ '\S~lgalncnl ..\",11.'C11l""1l1 !l'orn Ih... Iklu> (-counl, U)j\ tu 111l,
<br />'.LI"llk",. ;":;~'~Il'llS Ill" '>g,hl:; of Ih.:- IlcHr)' ('''Ul,l~ 11'-" under (11,,' ].",\~". :\/o',f",,"ncnt texcept for
<br />,'c,-lain righl~ 111 ind<.:11Ifllll"'"'i",,. pilY"'';'II of kL~ 'lnd "'.'pUL~'-"'. ,'1<. ) 1" ",,,1 j,,, till" 1ll'1l\:ti, "ftl,<'
<br />B,,,\!.
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<br />(,-, ()n<: '" "\'''L' ~"Pl'"d. I""'!"'''' ,,' .."\,,1,,, "F'c".""'Il:' I" .",el ."t"'ll;: 10,': IJ""n
<br />("""..1", Ih<.: ll"n,.. II )...... !h..: t\l;u11"'.' ,Ik I k,,, \ (\"",Iv I ,',,", ,l)lJ" I)"" ",1"1"11<':1\( l '"un..:,:
<br />("!\-1fICl:DC'"') ""d 11,c~ "'I,cll,,,-,, e",'u,nl",\~"cJ in ,'n", "1- nlOr'" ,:;r,~rc':-Il".:-n\'-
<br />""f,'"",,, I" "", lh,. .-SUI'p"'l 1''''''''''''1 ,,, ".1\,,-1.. """~-t.dl-., (,) tl,e "'l1CI'I)(- ,,'ili
<br />,'g' I.'" I,> h,,,d ,,, '" "ll""'""",, ,-"""1""",, 11.,,,": < '",,,,,, I'", ,,,,I...,, ,k.~'gll, c"~:"",,,,-,,,,~:
<br />,n"iu'cl\"""c.. ;Il;->Cll",,,,,,,,, ,,'iI,ty. 1~'Klll :Olld oth,', "",11 ,-",h "'''''Ll..I<"<1 ",tl, 111,," ,t",'d"l',n~.,,,1 ut II,~'
<br />I'",.i",,'. 1...~"'lll"( ",11, .,,' ,,,n"""l ..."H.d I" 11,..- ",,,l " I [>....",,""". ,h,,,- <I", ,',!/, ,[,'" li'~l _,."", "I Illc
<br />1."''''''- A,'-"~'~'''''''''( "lid l.") II". t -"v, ," ""'L~id,.'tll',>" ,.I lit,' I~c-' '"'"..... Sh....,,,i-' .....!-!'."~."'''''( ;1<,-1 th
<br />"lbel' ll,l<.'n..~I" m,u u,,'~il''''. I" 1~\",',I'lil'" lh.' ,-j,,-,,~.I"pn\<"l\( ,'I ll,,- I""J~.~'I, "'\11 "J.:>H'''', .'.,.,h,e...'1 I,' II"
<br />\,'n"s -;..-1 I'JlII, II1..",.<.'u,- \<, h."d tt> or ,,111<.", wI sc 'Tllllb,u~..: I leo'll , 1,,1' .111 a"l<'~lLlI ""'f\'''' I." H\
<br />k.",1 \lll'() (1",-,,-" {'\ "'..! p~.".t:tl' 01 lill' ',-'Hed p.,_, ""-,,h <hK ...,d hy lk-'ny \ '1(11,1" d'''lJlt'
<br />Ille "c"-",,,lllll"'-'gh lhe litth ).eu, "I Ihe 1.,,'."-'" /\"['<."<:",,,''''1, ill e.o..:h ".'''<-" ~llhIC..:1 I", tJ,,,: I"'I'lll~ ,u-..I
<br />('<-)lIdil"'''\',. "III,,, :>u!ll""t A......~.el"~."1. 1'''i>:I!J",'r ,\,!Il ",..:1> d""lW-'~, In,,,IJtiu.lI~"",, '" mkh\l<'''~ ("
<br />lb," h"""",,,,_,", .I~ 1".'Y (,<. .'1'1"'" ..,..I 10\ II", ( ,t,
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<br />(d) A <,<,11'-11<".,,1 ;\~Slp'JIIl)<:nt or 'iilllll<ll' ",0.:"''''11'''''1 IH,,-~uaJlI Ie' Wh'l'h Ihe Ih"H'
<br />(''''Ullt\' I(),\ ""cI lh.,,,-y ('''u''l)' w,ll ....,,,il-'-,, .."b~t;l"tI"II\ ,<11 ,,1'11>">'1 'L011:. ,..,,"", llle S"PI'''''
<br />.\.g,,,'e,",,," ", ..".1 "". lh<.: h",\~'ji, urth", ".."k.
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<br />(,,} !\ HIt"k <.h,;ollli.:..lhlll .\.11",:"",,,, !\g""'-''''''ll "'II> "-"I'nt h' \h.. ';,.,i,,~ .'!I'(I:>' H.ll',j
<br />,011<111,," Sell..," ~'U\J') U.,nd
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<br />(1) S,,,.:h "11,,.", d"C-""'Cl,h ,,,,,I "g'<::~"''''''l~ .,,, ''''') [". d"~'.,,\<'d """"',.,,,.r..
<br />"pP""lnHHl.' b,). H"'nr~' CoUnl) III Ol<k,' I., ..:n"....t""I" Ill" h,,,,,,,,',,,p, ,il tl". !',,'j""'l
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<br />\\'llt~N.I<AS, Ill..: 'llJilp...ll<lll "I \Ile l 'Il) I" Illdkc 'lilY 1',.l"111"l\ls Hlldel Ill<
<br />'\.gn:"'lll';111 sh~1I he ,..ubi""l 10 1I1111"'11 "Pl'l"I'I'lU!'OIl:' h.\ Ilw ("I~ ("'llll"ll. ,'.Iudl i~ IJIl,kr II'.'
<br />(It>ligation !n milk" ~l,,~:h njlprOpri,lliollS N<.-.ilh<::r (Iw I cas<." Agrcelllc:nL tl\,- Sl'l'p"rl :'\~rc"'lllt!m
<br />111<: nth..,,' I'll",UK'llH Du...'unl'"lIl" ,,,,r lh" 11,,,1<1 n"l~l,tlll,-, " gn'c'n,l ,'hl'J1."t",,, ,!vhl "j' Ih.'
<br />1."lllllltllr.\'ellllll or Virgio,,, ,,' any pollu""J th(,rt'nt'. IIH.j,atill!:, lhl' (IIv_ H<',1l"
<br />C"'\Hlly, ;lml Ih,,' Ilen,y County lD/\. or a pkdgc Ih<: ond ":r~'I'1 "~to lo,'<ill;; pow,,,. <'1 Ill,'
<br />t .pn'l\'<'>nw,."hll ,)f ,\.'Ir-,:!",icl. Iii,' (-il\'. I 1 <'r1l v ('''unty ,,,'11,., II",,,,, ("'''nl' 11.),\
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<br />~O\V. TIU:REFOKt:. fH~ IT RESOLYEU BY TItE elT''' (OV7'i(-n. OF THE
<br />CITY OF .\IARTI;'\ISVlll.l<:. VII:H;INIA'
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<br />II. i~ <.l".'.cnn,"ed ,,' h",.n 111<:, he..1 inl""''''''l~ "r'h,' '(lld II>; ",1;-!-<..',,;-> hll'llh' (::'i"
<br />('"un,,-,I !" c,)!cr 'I\t"" S'li'I""1 "",,-c,en,,,,,1 '" ",,,"K,'ll<'" ,,-,Ib 11"
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<br />I'll..' I.'lly ,'Ii""'!;"." .U1<..1 ,\."",:.\(,,,, \. ,I'. ,'"1,,,,' ',>1 wI",,,, """
<br />h",'<"hy U\lIIH.>ri"..,,1 ""II dlr<:.,.o:d l<.' <::'-.<:'<''It<: <lfld d<."l.,<:1 ~ .,l-!.....".''''""l "' ":l''''','\'I''''1 ",li,
<br />the 1"')I<:"! l'I1\'1\ tho: terll1~ <llltl ,,,,,,,\,,,,,,'-,, ;:<.:ue"dl..- de.""I,I1,-,', h"T,'lll. l'~.,'.drl<.:r "llh sul'l,
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<br />:~'/I ~~~~.::~::::" ("'i\'~d ~~~:~~',:~~,"; ;:~:~I'~'<i~ti~;//,e;:::~l,' ~~'~I'C';~~~; ';:)' '(\'::' III llf'l ,,~~: ~l"ll' '~'1~~ ;lll~l':~~~l~~:
<br />'lbll!,!,.lllClI1:' ulltler lilt: l e<l'<'" ..\~I"'TIlWlll ..11,,]1 n"l ,,~,-,',-,d I'll tll,,' 1I1lcre"l. '.It.... un 111<'
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