1980-11-17 - Laserfiche WebLink

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363 Matters by tRe public RELATING GENERALLY TO THE REGULATION OF TAXICABS AND TAXICAB RATES" was offered and carried over to the next meeting for consideration. Mr. David Sutton, of the law firm of Tremblay and Smith, representing Allied Concrete Company, asked Council's approval of the financing and construction of a central mix concrete plant to be l~cated on the present site of Allied Concrete Company, through industrial development revenue bonds. The project would increase property taxes to the City and would decrease the dust and noise generated by concrete trucks that now individually mix concrete. Mr. Peter Schmidt, of Allied Concrete Company, gave a brief description of the project and its necessity for efficient concrete production, as well as the benefits to the immediate neighborhood and community as a whole. Mr. Albro abstained from the discussion and vote due to a conflict of interest. On motion by Mr. Conover, seconded by Ms. Gleason, Council unanimously adopted the following resolution, Mr. Albro abstaining: WHEREAS the Council of the City of Charlottesville, Virginia (the Council), has creaned the Industrial Development Authority of the City of Charlattesville, Virginia (the Authority), pursuant to the Virginia Industrial Development and Revenue Bond Act to fulfill the purposes of such Act~ and WHEREAS the ordinance adopted by the Council on July 19, 1976, which created the~Authority (the Ordinance) provides that the Authority shall not finance any facility until the location and financing of such ifacility have been approved by the Council; and WHEREAS Section 5 of the Ordinance sets forth certain standards to be considered biy the Authority and the Council info. determining the nature and location of facilities to be financed by the Authority. and ' WHEREAS the Authority on November 11, 1980, unanimously adopted an inducement resolution agreeing to assist Allied Concrete Company in the financing of the acquisition, construction and equipping of a central mix concrete plant and office facility incidental thereno (the Project) loca!ted in the City of Charlottesvill'e, Virginia (the City), by the ~ssuance of the Authority's industrial revenue bonds in an. amount, not, to. exceed $600,000,. which financing is further descrmbed mn the copy of the Authormty's inducement resolution attached hereto as Exhibit A; and WHEREAS p~eliminary plans for the Project and the financing have been described to the Council in a presentation by representatives of Allied Conc=ete Company; and WHEREAS t~e Project will permit Allied Concrete Company to acquire, const~uctland equiP a new central mix concrete ~lant with a resulting inOreaSe in jobs offered' in the community, increase in taxes paid to ~he City and a decrease in noise and dust generated by the ready mix operation, thereby increasing the commerce in the City and promoting the safety, health, welfare and prosperity of therefore,the inhabitant~be it°f the City and the Commonwealth of Virginia-, now RESOLVED by the Council of the City of Charlottesville, Virginia, that 1. it is hereby found and determined that the acquisition, expansion,, equippin~g .and improvement of the Project Will be in the · public interest and will, through the increase of commerce and through the promotion of health, welfare, convenience and prosperity, benefit the inhabitants of the City of Charlottesville, Virginia, and the Commonwealth. 2. the Council hereby approves the location and financing of the Project. 3. it is hereby found and determined that the Project meets the criteria set forth in Section 5 of the Ordinance. 4. this resolution shall take effect immediately.