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020-01 BOARD OF SUPERVISORS RESOLUTION OF SUPPORT INDUSTRIAL ACCESS ROAD-BONDED PROJECT STONEWALL INDUSTRIAL PARK WHEREAS, Lenoir City Company of Virginia owns property in the Stonewall Industrial Park, located in the County of Frederick, for the purpose of industrial development; and WHEREAS, this property is expected to be the site of new private capital investment in land, building, and manufacturing equipment which will provide substantial employment; and WHEREAS, the existing public road network of the subject property does not provide for adequate access to this property and it is deemed necessary that improvements be made to Tyson Drive; and WHEREAS, the County of Frederick hereby guarantees that the necessary right-of- way for this improvement and utility relocations or adjustments, if necessary, will be provided at no cost to the Virginia Department of Transportation; NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors for the County of Frederick, Virginia does hereby request that the Commonwealth Transportation Board provide Industrial Access Road funding to provide an adequate road to this property; and BE IT FURTHER RESOLVED, that the Board of Supervisors hereby agrees to provide a surety or other bond, acceptable to and payable to the Virginia Department of Transportation, in the full amount ofthe cost ofthe road; this surety shall be exercised by the Department of Transportation in the event that sufficient qualifying capital investment does not occur on parcel(s) 43-19-1, 43-A-63 within five (5) years of the Commonwealth Transportation Board's allocation of funds pursuant to this request; and BE IT FURTHER RESOL VED, that this Resolution of Support is contingent upon Lenoir City Company of Virginia providing to the County of Frederick satisfactory surety in sufficient amount to cover the construction of the roadway, dedication of required right-of- way for the road's construction; and the movement of any utilities required to construct the road; and BE IT FURTHER RESOLVED, that the Frederick County Board of Supervisors hereby agrees that the new roadway so constructed will be added to, and become part of, the road system of the County of Pre de rick Secondary System of Highways. PASSED this 12th day of December , 2001. Upon motion Sidney A. Reyes made by Charles W. Orndoff, Sr ~ and seconded by the above resolution was approved by the following recorded vote: Richard C. Shickle Aye Charles W. Orndorff, Sr. Aye W. Harrington Smith, Jr. Aye Robert M. Sager Margaret B. Douglas Sidney A. Reyes Aye Aye Aye A COpy TESTE: JO~~- Board of Supervisors County of Pre derick, Virginia RESOLUTION NO.: 020-01 cc: Evan A. Wyatt, Planning and Development Director Cheryl B. Shiffler, Finance Director C. William Orndoff, Jr., Treasurer 2