12-19-1984 MinutesBOARD OF SUPERVISORS
MINUTES
December 19, 1984
Supervisors in Attendance:
Mr. Harry G. Daniel, Chairman
Mr. G. H. Applegate, Vice Chairman
Mr. R. Garland Dodd
Mrs. Joan Girone
Mr. Jesse J. Mayes
Mr. Richard L. Hedrick
County Administrator
Staff in Attendance:
Mr. Steve Micas, Co.
Attorney
Mrs. Pauline Mitchell,
Public Info. Officer
Mr. Jeffrey Muzzy,
Asst. Co. Admin. for
Community Develop.
1. CALL TO ORDER
Mr. Daniel called the meeting to order at 12:30 p.m. in Room 502
of the Administration Building.
3. REVENUE BONDS FOR JOHN J. CHRETIEN
Mrs. Girone stated that she, Mr. Applegate and staff had met with
representatives of the John J. Chretien Company and with the
inclusion of their letter outlining certain building criteria
recommends approval of the bonds. Mr. Otis Brown was present
representing the applicant. Mr. Micas stated there was a
supplemental resolution which the Industrial Authority's attorney
suggested be adopted which confirms criteria outlined in their
letter, a copy of which is filed with the papers of this Board.
On motion of Mrs. Girone, seconded by Mr. Applegate, the Board
adopted the following resolution:
WHEREAS, the Industrial Development Authority of the County of
Chesterfield (the Authority) has previously authorized the
issuance of its industrial development bonds in an amount not to
exceed $6,500,000, upon terms to be mutually agreed upon, for the
benefit of Midlothian Ramada Inn Associates to acquire, construct
and equip a hotel of approximately 150 rooms, with meeting and
other ancillary facilities to be located at 8700 block,
Midlothian Turnpike, Chesterfield County; and
WHEREAS, J. J. Chretien Company (the Company) has proposed to
construct a hotel facility of approximately 150 rooms (the
Project) on the same site, subject to terms to be agreed upon
between the Authority and the Company, and has applied to the~
Authority to be substituted for Midlothian Ramada Inn Associates
in the allocation of the State ceiling in the amount of indus-
trial development bonds which may be issued on 1984; and
WHEREAS, the Authority has held a public hearing thereon on
December 10, 1984; and
WHEREAS, the Authority has requested the Board of Supervisors
(the Board) of the County of Chesterfield (the County), to
approve the issuance of the Bonds to comply with Section 103(k)
of the Internal Revenue Code of 1954, as amended (the Code); and
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, a copy of the Authority's resolution approving the
ssuance of the Bonds, subject to terms to be agreed upon, a
ecord of the public hearing and a "fiscal impact statement" with
espect to the Project have been filed with the Board.
E IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF
HESTERFIELD:
The Board of Supervisors of the County of Chesterfield,
approves the issuance of the Bonds by the Industrial
Development Authority of the County of Chesterfield, for the
benefit of the Company, to the extent required by Section
103(k), to permit the Authority to assist in the financing
of the Project.
The approval of the issuance of the Bonds, as required by
Section 103(k), does not constitute an endorsement of the
Bonds or the creditworthiness of the Company, but, as
required by Section 15.1-1380 of the Code of Virginia of
1950, as amended, the Bonds shall provide that neither the
County nor the Authority shall be obligated to pay the Bonds
or the interest thereon or other costs incident thereto
except from the revenues and moneys pledged therefor, and
neither the faith or credit nor the taxing power of the
Commonwealth, the County nor the Authority shall be pledged
thereto.
Nothing in this resolution shall be construed as any
assurance that any allocation of State Ceiling, as defined
in Executive Order Number 50(84) of the Governor of the
Commonwealth of Virginia, dated July 31, 1984, will be made.
This resolution shall take effect immediately upon its
adoption.
: Unanimous
motion of Mrs. Girone, seconded by Mr. Applegate, the Board
the following resolution:
, the Industrial Development Authority of the County of
sterfield (the Authority) and the Board of Supervisors of
~ld County (the Board), have previously authorized the
ssuance of industrial development bonds in an amount not to
$6,500,000, upon terms to be mutually agreed upon, for the
of the J. J. Chretien Company (the Company), to acquire,
and equip a hotel facility of approximately 150 rooms,
ith meeting and other ancillary facilities to be located at 8700
lock, Midlothian Turnpike, Chesterfield County; and
, in order to insure a quality project benefiting the
ounty, the Company has proffered certain building and quality
onditions that will control the development of the Project;
THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
IELD COUNTY THAT:
The Board of Supervisors instructs the Authority to provide
in all applicable loan documents, indentures or sales
agreements that the Company will covenant to build and
operate the project as described in the letter dated
December 17, 1984 from J. J. Chretien to Jeff Muzzy, a copy
of which is incorporated herein.
In addition, such documents shall contain assurances that
the development shall conform with the visual rendering
prepared by Oldham and Seltz dated December 14, 1984, a copy
of which is incorporated herein; that the County Planning
Staff shall approve the color of the brick prior to issuance
of a building permit for the Project; and that the Company
will not convey its interest in the development while the
84-766
Bonds are outstanding without complying with conditions
imposed by the Authority.
This resolution shall take effect immediately upon its
adoption and a copy shall be sent to the Chairman of the
Authority, counsel to the Authority and J. J. Chretien.
V~te: Unanimous
Le Board expressed appreciation to Mr. Brown for his cooperation
this matter. Mr. Brown stated his clients were impressed with
t Le County's interest in development in the County to this
m!gnitude.
EXECUTIVE SESSION
motion of Mr. Dodd, seconded by Mr. Mayes, the Board went into
ecutive Session for consultation with the County Attorney to
scuss legal matters relating to HMK vs. Board of Supervisors,
al., Civil Action No. 84-1070-R, pursuant to Section 2.1-344
i) (6) of the Code of Virginia, 1950, as amended.
.te: Unanimous
convening:
'. Daniel excused himself from the meeting.
.e Board recessed to lunch at the Crosswind Restaurant.
R :convening:
ADJOURNMENT
O. motion of Mr. Dodd, seconded by Mrs. Girone, the Board
a ~journed at 2:15 p.m. until 12:00 noon on January 2, 1985, in
R ~om 502 for an organizational meeting.
'es: Mr. Applegate, Mr. Dodd, Mrs. Girone and Mr. Mayes.
A ~sent: Mr. Daniel.
C ,unty Administrator
~arry~. Daniel
Chairman
84-767