Public Notice

APPLICATION REGARDING CREATION OF THE COUNTY COMMISSION OF HARRISON COUNTY DEVELOPMENT DISTRICT NO. 7 AND APPROVAL OF NORTH CENTRAL CROSSROADS PROJECT PLAN NO. 1 AND ISSUANCE OF TAX INCREMENT FINANCING OBLIGATIONS A public hearing will be held at a regular meeting of The County Commission of Harrison County, West Virginia (the “County Commission”), on November 18, 2020 at 10:00 a.m. in the Commission Meeting Room, located on the Third Floor of the Harrison County Courthouse, 301 W. Main Street, Clarksburg, West Virginia 26301, and via Zoom Conference Call at https://us02web.zoom.us/j/7628160712 or dial 1-888-788-0099, Meeting ID: 762 816 0712, Passcode: 270967, and at such hearing any person interested may appear and present comments, protests, suggestions and otherwise express their views respecting an application regarding the creation of a development district to be designated as “The County Commission of Harrison County Development District No. 7” (the “TIF District”) in Harrison County, West Virginia, and the financing of certain projects described in a project plan for the TIF District to be designated as “North Central Crossroads Project Plan No. 1” (the “Project Plan”). All comments, protests, suggestions and views shall be heard at such public hearing, and the County Commission shall thereafter 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 “Act”), respecting the application regarding the creation of the TIF District and the approval of the Project Plan. Following is a brief summary of such matters. Creation of TIF District The proposed TIF District is comprised of approximately 603.3 acres of real property generally located southwest of the intersection of Interstate 79 and U.S. Route 50 at or near Interstate 79, Exit 119 in Harrison County, West Virginia, as more particularly set forth on the map below, including the specifically delineated TIF District boundary. Approval of Project Plan Ronald Lane, Inc. d/b/a North Central Crossroads (the “Developer”) proposes the development of certain infrastructure improvements within or contiguous with the TIF District, including, without limitation, water lines, sanitary sewer lines, gas lines, electric lines, stormwater drainage, other utility improvements, wetlands mitigation, new road construction and road improvements, including, without limitation, intersection improvements, curbing, traffic control and lighting, and other related infrastructure, remediation, site preparation, cut and fill, site infrastructure, and other improvements to infrastructure, and all necessary appurtenances within or benefitting the proposed TIF District (collectively, the “TIF Project”), which TIF Project may be completed in one or more phases. Tax Increment Financing Obligations To finance the costs of the TIF Project, the County Commission proposes to issue tax increment revenue bonds or other obligations (collectively, the “TIF Obligations”) in an amount not to exceed $40,000,000, with maturities not to exceed 30 years from the date of the creation of the TIF District. The TIF Obligations may be issued from time to time in one or more series and at such time or times as may be determined, at the discretion of the County Commission. Proceeds of the TIF Obligations are generally planned and expected to be used to (i) finance all or a portion of the costs of the TIF Project, including architectural, engineering, legal and other professional fees and expenses; (ii) fund capitalized interest on the TIF Obligations, as needed; (iii) fund a reserve fund for the TIF Obligations, as needed; (iv) fund administrative costs and expenses for servicing the TIF Obligations; and (v) pay costs of issuance and other related fees and expenses of the TIF Obligations, including costs relating to the creation of the TIF District and preparation and approval of the Tax Increment Financing Application, and related costs. A portion of the TIF Project may also be paid on a “pay-as-you-go” basis directly from tax increment revenues deposited in the tax increment financing fund for the TIF District (the “TIF Fund”). Further information regarding the proposed TIF District, the TIF Project and the TIF Obligations is on file and available for inspection at the office of the County Clerk during regular business hours, located at the Harrison County Courthouse, 301 W. Main Street, Clarksburg, West Virginia 26301. Dated: September 30, 2020 By: /s/ Susan J. Thomas County Clerk