Loading...
12-22-2021 Special Meeting SPECIAL MEETING OF THE ISLE OF WIGHT COUNTY BOARD OF SUPERVISORS HELD AT THE SMITHFIELD CENTER LOCATED AT 220 NORTH CHURCH STREET, SMITHFIELD, VIRGINIA 23430 ON WEDNESDAY, THE TWENTY-SECOND DAY OF . DECEMBER IN THE YEAR TWO THOUSAND AND TWENTY-ONE PRESENT BOARD OF SUPERVISORS Richard L. Grice, Smithfield District, Chairman Don G. Rosie, II, Carrsville District, Vice-Chairman Rudolph Jefferson, Hardy District William M. McCarty, Newport District Joel C. Acree, Windsor District ALSO IN ATTENDANCE: • Robert W. Jones, Jr., County Attorney Randy R. Keaton, County Administrator Donald T. Robertson, Assistant County Administrator Carey Mills Storm, Clerk PRESENT SMITHFIELD TOWN COUNCIL T. Carter Williams Randy Pack Wayne Hall Beth Haywood Valerie C. Butler Michael G. Smith Renee Rountree Chairman Grice called the special meeting to order at 3:00 p.m. for the purpose of discussing the farmer's market with the Luter family. Mr. Luter addressed the Board of Supervisors and the Smithfield Town Council regarding proposed concept plans for a new mixed-use development in Smithfield designed to place focus on a farmer's market and multi-family development and which will be an extension to the farmer's market in Smithfield. He stated he feels there is a real need to beautify that area and provide office space as the Town currently does not have the amenities needed for young professionals. He stated that presently many meetings are held outside of Town because the Town does not have the hotel space. He stated the proposed development has over 900 parking spaces; connectivity to the YMCA; walking trails; and green space. Mr. Luter stated the proposed development is entitled The Grange at 10Main and consists of a 13,300 sf farmer's market with 150 underground parking spaces; 902 total parking spaces; 225 apartment homes; a boutique hotel; 45 single-family cottages, homes and duplexes; and 33,350 sf of commercial property. He stated it 1 ab will consist of green development; extend the beautification of main street; have minimal impact on schools; and have a diversity of residents. Mr. Luter went over the following: Phase I total investment $100,000,000 Annual taxes to Town of Smithfield $933,998 Estimated economic impact over 30 years (assuming 2% annual growth) $37,890,490 Annual taxes to the County $1,184,404 Estimated economic impact over 30 years (assuming 2% annual growth) $48,048,985 Annual taxes to the Town of Smithfield and the County $2,118,401 Estimated economic impact over 30 years (assuming 2% annual growth) $85,939,475 Construction jobs 250-300 Permanent jobs 60+ The following commitments from the Luter family/Venture Realty Group were noted: $1,000,000 cash contribution to the farmer's market from Joe Luter, Ill Land contribution for farmer's market and green spaces — value of approximately $1,000,000 public parking adjacent to Christian Outreach — value of approximately $700,000 approximately $100,000,000 total investment The Town of Smithfield and Isle of Wight County were asked for the following: Public/Private Participation Agreement for Master Infrastructure Public/Private Participation Agreement for Boutique Hotel Farmer's Market: $6,000,000 (of the approximately $9,000,000 budget) (potential sources include sponsorships, private donations, and local, state and Federal funds) The new farmer's market will be a brick building with a dark metal roof and contain twenty-eight 10 by 10 vendor spaces; basic electrical for vendors; sixteen outside vendor spaces; forty-two total vendor spaces; and a public restroom for the farmer's market and a restaurant. Because the property drops off, a single level parking lot could be tucked under the building. Mr. Luter stated that the building would be turned over to the Town and the County when built. 2 County Administrator Keaton advised that the right-of-way acquisition for the sidewalk in Smithfield is anticipated to begin in several months. Mr. Luter would like to know before the end of January of 2022. The Town and County Administrator are to begin negotiations. Attorney Riddick is to look into there being a closed session. ADJOURNMENT At 4:45 p.m., Chairman Grice declared the special meeting adjourned. AtemoD Rudolph Jefferson, Chairman Carey Mills Storm, Clerk 3