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MOTION: CARDIGAN April 19, 2005 <br />Regular Meeting <br />SECOND: JENKINS Ord. No. 05-28 <br />RE: CREATE THE CHERRY HILL COMMUNITY DEVELOPMENT <br />AUTHORITY — WOODBRIDGE AND DUMFRIES MAGISTERIAL <br />DISTRICTS <br />ACTION: APPROVED <br />WHEREAS, the Board of County Supervisors of Prince William County, <br />Virginia (the "Board") has received a petition (the "Petition") from Lee Carolina, LLC (the <br />"Landowner") for the creation of the Cherry Hill Community Development Authority (the <br />"CDA"), and the Landowner has represented that they own at least 90% of the land within the <br />proposed CDA district; and <br />WHEREAS, a public hearing has been held on April 19, 2005 by the Board on <br />the adoption of this Ordinance and notice has been duly provided as set forth in §15.2-1427 of <br />the Code of Virginia of 1950, as amended and §§15.2-5104 and 15.2-5156 of the Virginia <br />Water and Waste Authorities Act, Chapter 51, Title 15.2, Code of Virginia of 1950, as <br />amended (the "Act"); and <br />WHEREAS, the Board proposes to create the CDA in order to provide the <br />public improvements described in the Petition; and <br />WHEREAS, the creation of the CDA to assist in financing certain <br />improvements in connection with the proposed development within the CDA District will <br />benefit the citizens of Prince William County, Virginia (the "County") by providing additional <br />recreational, retail and business opportunities for the citizens of the County, as well as <br />infrastructure improvements benefiting the citizens of the County, an improved transportation <br />system, and additional employment opportunities and expansion of the County's tax base and <br />will meet the increased demands placed upon the County as a result of development within the <br />CDA district; and <br />WHEREAS, the Landowner has waived in writing the right to withdraw its <br />signature from the Petition in accordance with § 15.2-5156 of the Act; <br />NOW, THEREFORE, BE IT ORDAINED by the Board of County <br />Supervisors of Prince William County, Virginia: <br />1. Creation of Authority. The Cherry Hill Community Development <br />Authority is hereby created as a public body politic and corporate and political subdivision of <br />the Commonwealth of Virginia in accordance with the applicable provisions of the Act. The <br />CDA shall have the powers set forth in the Act. <br />