NOTICE OF PUBLIC HEARING
APPLICATION REGARDING CREATION OF
THE CITY OF VIENNA REDEVELOPMENT DISTRICT NO. 1 AND
APPROVAL OF VIENNA GRAND CENTRAL REDEVELOPMENT PROJECT
A public hearing will be held at a meeting of the City Council of the City of Vienna (the “City Council”), on Thursday, August 20, 2020, at 7:00 p.m., prevailing time, in the Council Chambers at the City Building, located at 609 29th Street, Vienna, West Virginia 26105, and at such hearing any person interested may appear before the City Council and present comments, protests and suggestions. All comments, protests and suggestions shall be heard by the City Council and it shall then take such actions as it shall deem proper in the premises regarding the approval, pursuant to Chapter 7, Article 11B of the Code of West Virginia, 1931, as amended (the “Tax Increment Financing Act”), of an application regarding the creation of a redevelopment district to be designated as the “City of Vienna Redevelopment District No. 1” (the “TIF District”) in the City of Vienna, Wood County, West Virginia, and a project plan pertaining to reimbursing Grand Central Parkersburg LLC (the “Developer”) on a pay-as-you-go basis for (i) certain costs associated with the redevelopment of the former Sears box at Grand Central Mall, particularly demolition, remediation and preparation of the site for redevelopment by the Developer; and (ii) paying administrative, legal, accounting, and professional costs related to the aforementioned, which is to be designated as the “Vienna Grand Central Redevelopment Project” (the “Project”). Following is a brief summary of such matters.
Creation of Redevelopment District
The proposed TIF District includes the real property and certain personal properties comprising parcel 10-46-1 of the Wood County Tax Map, Vienna Tax District, commonly known as the Grand Central Mall in Vienna, West Virginia. The proposed boundaries of the TIF District are those of parcel 10-46-1 of the Wood County Tax Map, Vienna Tax District, as shown on the map set forth below:
Approval of Project Plan
The City of Vienna proposes a project consisting of reimbursing the Developer on a pay-as-you-go basis for (i) certain costs associated with the redevelopment of the former Sears box at Grand Central Mall, particularly demolition, remediation and preparation of the site for redevelopment by the Developer; and (ii) paying administrative, legal, accounting, and professional costs related to the aforementioned, which is to be designated as the “Vienna Grand Central Redevelopment Project,” which will be within the TIF District.
Further information regarding the proposed TIF District, the Project, and the Project Plan are on file and available for inspection at the office of the Recorder of the City of Vienna during regular business hours, located at the City Building, 609 29th Street, Vienna, West Virginia 26105.
Dated: June 25, 2020
By: /s/Cathy Smith
Recorder
Aug 10, 17