[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
There is hereby created a political subdivision of the Commonwealth
of Virginia with such public and corporate powers as are set forth
in the Industrial Development and Revenue Bond Act (Chapter 49, Title
15.2, Code of Virginia 1950, as amended) including such powers as
may hereinafter be set forth from time in said Act.
[Amended 9-16-2020]
The name of the political subdivision created hereby shall be
the Economic Development Authority of Amelia County, Virginia (the
Authority).
The Authority shall be governed by a board of seven directors
to be appointed hereafter by resolution of the Board of Supervisors
of Amelia County in accordance with the provisions of said Act.
This article shall be in full force and effect upon its passage.
[Adopted 12-28-2000;
amended 2-21-2001]
In accord with Title 15.2, Chapter 64 of the Code of Virginia
1950, as amended, there is hereby created the Virginia's Heartland
Regional Industrial Facility Authority, provided that:
A. This article shall become effective upon adoption of a similar ordinance
by each of the Heartland Counties; and
B. The adopting ordinance of each of the Heartland Counties shall contain
provisions regarding the Virginia's Heartland Regional Industrial
Facility Authority identical to the provisions as stated in the following
article.
The Chairman of the Amelia County Board of Supervisors is authorized
to execute an agreement, substantially in the form set forth in Exhibit
A and previously agreed to by the Board of Supervisors at
the meeting held on November 15, 2000, establishing the respective
rights and obligations of Amelia County and each of the other Heartland
Counties with respect to the Virginia's Heartland Regional Industrial
Facility Authority, consistent with Title 15.2, Chapter 64 of the
Code of Virginia 1950. as amended.
As used in this article, the following terms shall have the
meanings indicated:
ACT
The Regional Industrial Facilities Act, Chapter 64 of Title
15.2 of the Code of Virginia 1950, as amended.
AGREEMENT
The agreement for cost sharing and revenue sharing between
each of the Heartland Counties.
AUTHORITY
The regional industrial facility authority created hereby
by cooperative action of each of the Heartland Counties and named
herein, the Virginia's Heartland Regional Industrial Facility Authority.
BOARD OF DIRECTORS
The Board of Directors of the Virginia's Heartland Regional
Industrial Facility Authority.
GOVERNING BODY
The Board of Supervisors of counties that are members of
the Authority.
MEMBER LOCALITIES
All members of the Virginia's Heartland Regional Industrial
Facility Authority, which initially include Amelia County, Buckingham
County, Charlotte County, Cumberland County, Lunenburg County and
Prince Edward County.
The Authority is charged with the specific purpose to develop
the Virginia's Heartland First Regional Industrial Park as a regional
industrial park and for the additional purpose of future development
of other industrial properties or other reasons as permitted by the
Act and as agreed upon by the member localities.
The member localities of the Authority are Amelia County, Buckingham
County, Charlotte County, Cumberland County, Lunenburg County and
Prince Edward County, each of which is a political subdivision of
the Commonwealth of Virginia, and each of which is authorized by the
Act to participate in the Authority. The membership may, with the
approval of the Board of Directors, be expanded in compliance with
provision for expansion as stated in the Act.
The Authority shall be governed by the Act, this article, and
by the agreement executed by the governing body of each member locality.
The agreement shall establish the respective rights and obligations
of the member localities and shall provide for revenue and economic
growth-sharing arrangements with respect to tax revenues and other
income and revenues generated by any facility owned by the Authority.
The principal office of the Authority shall be located within
a member locality. All records shall be kept at such office. The title
to all property of every kind belonging to the Authority shall be
titled to the Authority, which shall hold such title for the benefit
of its member localities.
Funding of the Authority shall be by appropriation, as decided
from time to time, by the governing bodies of the member localities
and from such other sources as are identified in the agreement.