Public Hearing-Commercial Property Assessed Clean Energy (C-PACE), establishing a Tourism Plan, and authorizing a development by Carson Hospitality LLC

NOTICE OF PUBLIC HEARING NOTICE is hereby given that the Shenandoah County Board of Supervisors (the “Board”) intends to consider whether to adopt the following ordinances:

  • An ordinance authorizing contracts to provide Commercial Property Assessed Clean Energy (“C-PACE”) loans for the initial acquisition, installation, and refinancing of eligible improvements to property by free and willing property owners in Shenandoah County pursuant to Code of Virginia § 15.2-958.3. C-PACE financing involves the use of private financing secured against private property with the same priority status as a property tax lien in order to facilitate financing for certain eligible improvements, which include energy efficiency, safe drinking water, renewable energy, environmental and other improvements.
  • An ordinance establishing a Tourism Plan for Shenandoah County that has been approved by and developed based upon guidelines of the Virginia Tourism Authority. The proposed Tourism Plan describes the County’s current tourism product and assets, infrastructure, marketing efforts, visitor profiles, and identifies deficiencies which may be met with new development.
  • An ordinance authorizing a development by Carson Hospitality LLC as a tourism project of regional significance that will meet a deficiency in Shenandoah County’s Tourism Plan. The ordinance will provide State and County tax revenue incentives to the developer on a quarterly basis that must be used for payments on gap financing for the development pursuant to Code of Virginia § 58.1-3851.2, among other terms. The State and County tax revenue incentive will each be an amount equal to the revenue generated by a 1.5 percent state sales and use tax on transactions taking place on the premises of the development. The incentives will be remitted by the County to the IDA for disbursement to the developer pursuant to the terms of a performance agreement authorized by the ordinance.

The Board will hold a public hearing on September 27, 2022 at 7:00 p.m. in the Board Meeting Room of the County Government Center, 600 North Main Street, Woodstock, Virginia, during which the Board will receive comments regarding the proposed ordinances. Copies of each of the ordinances are available for review in the County Administrator’s Office, located at 600 North Main Street, Suite 102, Woodstock, Virginia, between 9:00 a.m. and 5:00 p.m. All public hearings are accessible to persons with disabilities. Any person requiring auxiliary aids, including signers, in connection with the public hearing shall notify Mr. Evan Vass, County Administrator (540-459-6165) at least five days prior to the time of the meeting.

Evan Vass, County Administrator

Public Hearing