Purpose:To act as fiduciary agent over the CDA and the bonds issued to support the CDA assets acquired or built.
Review incremental and special tax funding sources needed to pay debt service on the CDA bonds from the specific district of 184.9 acres created in 2006 located near Lewistown Road and Interstate-95. In addition, when initial revenue sources are less than debt service obligations, special assessments are approved by the CDA in accordance with all the terms and conditions of the bonds.
Five member board appointed by the Board of Supervisors
Terms of Service:
Four-year staggered terms
John Budesky, Deputy County Administrator, 804-365-6005, firstname.lastname@example.org
Meets as needed, but at least once annually prior to March 15.
Economic Development Office, 8200 Center Path Lane, Suite E, Mechanicsville, VA 23116