Agency sees benefit to company move
WOODSTOCK – An asphalt maker could help Shenandoah County by moving into an industrial park in Strasburg.
The Shenandoah County Industrial Development Authority Board met Friday and learned from Chairman Vince Poling that a business wants to relocate to the North Shenandoah Industrial Park in Strasburg. The board discussed the matter in open session but Poling did not identify the business.
The Strasburg Planning Commission advertised a public hearing for 7 p.m. April 25 on a request by Kickin’ Asphalt for a special-use permit to operate on Borden Mowery Drive in the industrial park. Kickin’ Asphalt Paving and Sealing operates on Cottontown Road near John Marshall Highway in the county north of Strasburg.
The IDA received a bond on the second phase of a project to extend Borden Mowery Drive. However, the bond came with the condition that qualifying businesses or industries locate along the road and make a certain amount of investment within a period of five years. Otherwise the IDA would forfeit the money provided for the road extension, Poling explained.
“What will happen if this industry comes in – it’s a business really – then it will save us a lot of the bond money,” Poling said.
The IDA originally received a $600,000 bond from the Virginia Department of Transportation. VDOT overestimated the cost of the road project and repaid the IDA approximately $200,000. Shenandoah County is facilitating the repayment of the bond, Poling explained.
“If they can relocate there – and I understand that they do qualify for their investment in employment so we would get the remaining part of the bond money back whenever they get in position where they’re in business – so we may still forfeit a year,” Poling said.
The business might “need some help” with further extension of Borden Mowery Drive by about 400 to 450 feet as well as the corresponding water and sewer lines, Poling said. The chairman asked if the board would consider putting up some funds to assist with the business’ move.
“If they don’t come and we find no one else that qualifies, then we’re going to forfeit all the money,” Poling said.
The chairman went on to say that the IDA could use some of the money from VDOT to help the business move and save authority funds. Members voiced support to at least continue the discussion of Poling’s idea.
Contact staff writer Alex Bridges at 540-465-5137 ext. 125, or email@example.com