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044-00 BOARD OF SUPERVISORS RESOLUTION OF SUPPORT INDUSTRlAL ACCESS ROAD-BONDED PROJECT EAST GATE INDUSTRlAL PARK WHEREAS, Wright's Run L.P. has acquired property known as the Eastgate 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 employment and increased investment; and WHEREAS, the subject property has no access to a public street or highway and will require construction of a new roadway to connect with Rainville Road (not presently in state highway system) and then to Tasker Road (State Route 642); and WHEREAS, the County of Frederick hereby guarantees that the necessary right-of-way for this new roadway and utility relocations or adjustments, if necessary, will be provided at no cost to the Virginia Department of Transportation; NOW, THEREFORE, BE IT RESOLVED, 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 of the cost of the road; this surety shall be exercised by the Department of Transportation in the event that sufficient qualifying capital investment does not occur on parcelS7- 5-17 or the remaining undeveloped lots between parcel 87-5-17 and existing Rainville Road in the Eastgate Industrial Park within five years of the Commonwealth Transportation Board's allocation of funds pursuant to this request; and BE IT FURTHER RESOLVED, that this Resolution of Support is contingent upon Wright's Run L.P. to provide 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 Resolution - Eastgate Industrial Park Page 2 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 ofthe County of Frederick Secondary System of Highways. PASSED this loth day of May, 2000. Upon motion made by W. Harrington Smith, Jr., and seconded by Sidney A. Reyes, the above resolution was approved by the following recorded vote: Richard C. Shickle Aye Robert M. Sager Abstained Charles W. Orndorff, Sr. Aye Margaret B. Douglas Aye W. Harrington Smith, Jr. Aye Sidney A. Reyes Aye A COPY TESTE: RESOLUTION NO.: 044-00 cc: Kris Tierney, Planning and Development Director Cheryl B. Shiffler, Finance Director C. William Orndoff, Jr., Treasurer