The Harrison County Commission meeting on June 29, 2023, focused on significant developments regarding the White Oaks project and ongoing bond restructuring efforts.

The primary discussion centered on a proposed resolution for a tax increment financing application related to the White Oaks project. This application seeks to amend the existing project plan to allow for residential development in the first phase of White Oaks, which was not originally permitted. The amendment is crucial for the developer, HITECH, as it enables them to incur costs and seek reimbursement through subordinate bonds, which currently total approximately $4.2 million.

A revenue study conducted by Municap determined that the district could support an additional $2 million in bonds, which would facilitate further development, including residential projects. The commission voted to approve the resolution, allowing the application to be submitted to the West Virginia Department of Economic Development. This step is essential for moving forward with the project, as the department will review the application and respond within 60 days.

Additionally, the commission discussed the status of ongoing efforts to restructure special district excise tax revenue bonds and property tax increment revenue bonds related to the Charles Point project. Due to the sensitive nature of these negotiations, the commission decided to enter an executive session to discuss the matter further.

Overall, the meeting highlighted the county's commitment to advancing economic development through strategic financing and project planning. The approval of the tax increment financing application marks a significant step in the ongoing development of the White Oaks area.