Minutes 04/23/1996 - Laserfiche WebLink

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TUESDAY, APRIL 23, 1996 capital investment in land, building, and manufacturing equipment which will provide substantial employment; and WHEREAS, the subject property has no access to a public street or highway and will require the construction of a new roadway to connect with Clearview Drive (Route 662) opposite its intersection with Royal Drive; and WHEREAS, the City of Martinsville hereby guarantees that the necessary right-of-way for this new roadway and utility relocations or adjustments, if necessary, will be provided at no cost to the Virginia Department of Transportation; and WHEREAS, the proposed roadway improvements will include a deceleration lane and traffic signal on Clearview Drive; a right-of-way width of at least 50 feet and a pavement width of 30 feet plus curb and gutter (curb and gutter is required to control drainage); the roadway will extend 1150 + feet from Clearview Drive and will terminate with an approved turnaround at Site 2-1; the roadway will cross Jones Creek with a box culvert designed for a 10-year storm; and the roadway will meet all Virginia Department of Transportation Industrial Access Road design standards; and WHEREAS, the estimated costs are: Construction Engineering TOTAL $774,500 108,000 $882,500; and WHEREAS, the City of Martinsville commits to pay all pro3ect costs in excess of the funding participation by the Virginia Department of Transportation; and WHEREAS, the City of Martinsville intends to administer the entire project, including design and construction and will be prepared to execute the appropriate State/City Agreement following the allocation action of the Commonwealth Transportation Board; now, therefore, BE IT RESOLVED by the Council of the City of Martinsville, Virginia, in regular session assembled April 23, 1996, that it hereby requests that the Commonwealth Transportation Safety Board provide Industrial Access Road funding of $450,000 toward the cost of providing an adequate road to this property; and BE IT FURTHER RESOLVED that said Council hereby agrees to provide a surety or bond, acceptable to and payable to the Virginia Department of Transportation, in the full amount of the Virginia Department of Transportation's funding participation in the cost of the road; this surety shall be exercised by the Department of Transportation in the event that sufficient qualifying capital investment does not occur on parcel 2-1 and/or 2-2 within three years of the Commonwealth Transportation Board's allocation of funds pursuant to this request; and BE IT FURTHER RESOLVED that said Council hereby agrees that the new roadway so constructed will be added to and become a part of the road system of the City of Martinsville. Upon motion, duly seconded and by unanimous vote, Council adopted the