Minutes 09/05/1996 (2) - Laserfiche WebLink

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THURSDAY. SEPTEMBER 5, 1996 A special and duly-called meeting of the Council of the City of Martinsville, Virginia, with Mayor'George B. Adams, Jr. presiding, was held Thursday, September 5, 1996 at the Board Room, Walker Fine Arts Building, Patrick Henry Community College, beginning at 7:00 P.M. All members of Council were present: George B. Adams, Jr., Mayor; Mark A. Crabtree, Vice-~or; Bruce H. T. Dallas; Elizabeth H. Haskell; and M. Gene Teague. 225 Present for this joint City/County meeting were the members of the Henry County Board of Supervisors: Jack E. Dalton, "Mike" Seidle, Jr., Vice Chairman; Debra Parsons Burnette; Samuel J. Pilson; and H. G. Vaughn. Chairman; R. E. Buchanan; Paula The first item on the agenda was consideration of a proposal for the development of a jointly-owned business park. City Manager Earl B. Reynolds, Jr. and County Administrator Sidney A. Clower, citing the numerous economic set-backs suffered by Martinsville and Henry County in recent years, proposed the following: (1) the City and County agree to acquire and develop a new business park consisting of 500-1000 acres in Henry County; (2) tax revenue generated from the business park would be shared equally by the City and County; (3) the project would be initially capitalized by a $1,000,000 contribution each from the City and County; (4) the City and County would ask the private sector and private citizens for contributions totaling $1,000,000; (5) the Henry County Public Service Authority would be asked to contribute Sl,000,000 from the Philport Water Escrow Fund for utility extensions to serve the park, with customers in the park being served by the Public Service Authority; (6) the City Manager and County Administrator would be authorized to seek all available federal and state grants to assist in