Click here to see the “Joint Petition for Affirmation of A Voluntary Settlement Agreement Dated October 8, 2013, Settling Intergovernmental Issues Between the City of Bristol, Virginia, and the County of Washington, Virginia, and Providing for Certain Revenue Sharing and Economic Growth Sharing Between the City and County.”
The purpose of the Voluntary Settlement Agreement, which is attached as Exhibit A to the Petition, is to settle certain disputes between the City of Bristol, Virginia, and the County of Washington, Virginia, related to the City’s development of The Falls retail shopping center. The proposed Agreement provides that the City and County will not litigate matters related to such development, and in addition, the City and County agreed to certain revenue sharing arrangements. The revenue sharing provisions are, in general, intended to make economic development activities of either locality revenue-neutral events in regard to the other locality. In other words, if a retail business, which has more than $2 million in annual retail sales, relocates from one jurisdiction to the other, then the receiving jurisdiction would revenue share with the jurisdiction from which the business moved for a limited number of years as specified in the Agreement. The Agreement must be reviewed by the Virginia Commission on Local Government and approved by a special three-judge court to be made effective. The City and County will present the proposed Agreement to the Commission on Local Government on the afternoon of May 12, 2014, beginning at 2 p.m., and a hearing to receive public comments on the proposed Agreement will be held before the Commission at 7 p.m., May 12, 2014. Both the presentation and the public hearing will be held at the Holiday Inn at 3005 Linden Drive at I-81, Exit 7, in Bristol, Virginia. The hearing by the Special Court has not yet been scheduled. For more information, contact the Office of the County Attorney: 276-525-1370.