NOTICE OF PUBLIC HEARING
APPLICATION REGARDING
AMENDED PROJECT PLAN NO. 2 FOR
THE COUNTY COMMISSION OF GREENBRIER COUNTY
TIF DISTRICT #1 (WHITE SULPHUR SPRINGS) AND
ISSUANCE OF TAX INCREMENT FINANCING OBLIGATIONS
A public hearing will be held at a regular meeting of The County Commission of Greenbrier County, West Virginia (the “County Commission”), on September 9, 2025, at 10:00 a.m. (or as soon thereafter on such date as the matter may be heard by the County Commission), in the County Commission Courtroom at the Greenbrier County Courthouse located at 912 Court Street North, Lewisburg, West Virginia, and at such hearing any person interested may appear and present comments, protests, and suggestions. All comments, protests, and suggestions shall be heard by the County Commission, and it shall then take such actions as it shall deem proper in the premises regarding the approval pursuant to Chapter 7, Article 11B of the Code of West Virginia, 1931, as amended (the “Act”), of a Tax Increment Financing Application (the “Application”) regarding Amended Project Plan No. 2 for the tax increment financing district known as “The County Commission of Greenbrier County TIF District #1 (White Sulphur Springs)” (the “TIF District”). Following is a brief summary of such matters.
Approval of Application Regarding Amended Project Plan No. 2
By an Order entered on December 23, 2004, the County Commission approved the creation of the TIF District and established a tax increment financing fund for the TIF District (the “TIF Fund”). Pursuant to an Order entered on May 12, 2008, the County Commission approved the initial project plan for the TIF District (“Project Plan No. 1”). Project No. 1 has been completed. By an Order entered on May 28, 2019, the County Commission approved a second development project plan (“Project Plan No. 2”) which (i) provided for the design, acquisition, construction and equipping of certain public improvements within, or for the benefit of, the TIF District; (ii) extended the period during which the TIF District is in existence from twenty (20) years to thirty (30) years from the creation thereof; and (iii) amended the boundaries of the TIF District by removing certain tax parcels therefrom.
Project Plan No. 2 provides for the design, acquisition, construction and equipping of certain public improvements within, or for the benefit of, the TIF District, including, without limitation, water lines and waterworks facilities, sanitary sewer lines and sewerage facilities, stormwater facilities, electric, natural gas, telecommunications, and other public utility improvements and public utility relocations, land acquisition, community facilities, including, without limitation, swimming pools, splash parks and playgrounds, stream rehabilitation, stream access, new construction of and improvements to roads, bridges, streetscape, including but not limited to sidewalks, curbing and gutters, street lighting and traffic signals, and site preparation and other earthwork which is necessary in connection with the foregoing, on land within the TIF District or located near the TIF District and which contains facilities which serve or benefit the TIF District.
The County Commission proposes an amendment to Project Plan No. 2 which would (i) extend the termination date of the TIF District by fifteen (15) years, as permitted by Section 10 of the Act, to terminate on December 23, 2049; and (ii) eliminate any restriction contained in Project Plan No. 2 that TIF Obligations have a maturity which is no later than a date which is thirty (30) years from the date of creation of the TIF District and instead provide that any TIF Obligations issued by the County Commission shall have a maturity date which is no later than thirty (30) years following the issue date of such obligations (the “Amended Project Plan No. 2”).
The TIF District consisting of the entirety of the White Sulphur District for property tax purposes and the municipal corporation of the City of White Sulphur Springs (the “City”), excepting any properties held by the United States Department of Agriculture in the White Sulphur District or the City.
Tax Increment Financing Obligations
To finance the projects contemplated by Amended Project Plan No. 2 (the “TIF Projects”), the County Commission proposes to issue additional tax increment revenue bonds or other obligations (the “TIF Obligations”) in a total amount not to exceed $50,000,000, with maturities not to exceed 30 years from the issue date of such obligations. Such TIF Obligations may be issued from time to time in one or more series. Proceeds of the TIF Obligations are generally planned to be used to (i) finance costs of the TIF Projects, including architectural, engineering, legal, and other professional fees and expenses; (ii) finance costs of obtaining approval of amendments to Project Plan No. 2; (iii) fund reserves for the TIF Obligations, as necessary; (iv) fund capitalized interest on the TIF Obligations, as necessary; and (v) pay costs of issuance of the TIF Obligations and related costs. To the extent that surplus tax increment funds are available, portions of the TIF Projects may be financed directly with such surplus.
Further information regarding the proposed Application and the TIF Obligations are on file and available for inspection at the office of the Clerk of the County Commission during regular business hours, located at the County Clerk’s office in the Greenbrier County Courthouse, 912 Court Street North, Lewisburg, West Virginia.
Dated: July 29, 2025
By: Robin Yates Loudermilk /s/
County Clerk
(14,21ag)
