THE CITY OF VIENNA, WEST VIRGINIA
NOTICE OF PUBLIC HEARING and ABSTRACT OF ORDINANCE
Notice is hereby given to any person interested that on November 12, 2020, the Council of the City of Vienna, West Virginia (the “City”) introduced an ordinance, the title of which states:
AN ORDINANCE APPROVING, CREATING AND ESTABLISHING A TAX INCREMENT FINANCING DISTRICT IN THE CITY OF VIENNA, WEST VIRGINIA TO BE KNOWN AS “CITY OF VIENNA REDEVELOPMENT DISTRICT NO. 1” AND APPROVING A TAX INCREMENT FINANCING PROJECT TO BE KNOWN AS “VIENNA GRAND CENTRAL REDEVELOPMENT PROJECT”; ESTABLISHING A TAX INCREMENT FINANCING FUND AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH; APPROVING A FORM OF DEVELOPMENT AGREEMENT AND ADOPTING OTHER PROVISIONS RELATED THERETO.
And which more specifically:
1. Approves, creates and establishes the City of Vienna Redevelopment District No. 1
(the “District”) and approves the “Vienna Grand Central Redevelopment Project”
(the “Project”);
2. Approves, establishes and describes the boundaries of the District and describes
the Project;
3. Creates and establishes a tax increment financing fund (the “TIF Fund”) into which
all tax increment revenues and other revenues designated by the City for the benefit
of the District shall be deposited;
4. Provides for the allocation of property taxes within the District;
5. Provides for the allocation of revenues in the TIF Fund;
6. Approves a form of Development Agreement relating to the Project; and
7. Provides for other terms and conditions with respect thereto.
The City contemplates the enactment of the above described ordinance, and any person interested may appear before the Council at a regular meeting thereof at 7:00 p.m., prevailing time, on December 10, 2020, in the Council Chambers at the City Building, located at 609 29th Street, Vienna, West Virginia 26105, and present objections and be heard as to whether the above described Ordinance shall be put into effect.
A certified copy of the ordinance as introduced by the Council of the City on November 12, 2020, is on file at the office of the Recorder of The City of Vienna, West Virginia, for review by interested persons during regular business hours.
By: /s/Cathy Smith
Recorder
Dec. 2