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County appropriates grant funds for Falling Branch Corporate Park Phase 2, Lot 2; VDOT investment deadline noted
Summary
The board approved appropriation of grant funds for Falling Branch Corporate Park Phase 2, Lot 2 and noted a VDOT condition requiring $3.4 million in investment by April 2028; the Town of Christiansburg contributed $300,000 for road construction and the board passed the appropriation by roll call.
The Montgomery County Board of Supervisors approved an appropriation of grant funds for Falling Branch Corporate Park Phase 2, Lot 2 on March 10.
County Administrator Angie Hill told the board that VDOT economic‑development funds tied to the Falling Branch project require the county to show $3,400,000 of investment by April 2028. Hill said the county already has funds appropriated in its capital improvement plan for Falling Branch and that there are other land‑purchase funds that could be used if needed. She said the VDOT payback schedule is phased, not all due at once, if the investment requirement is not met.
A board member confirmed the Town of Christiansburg provided $300,000 in matching funds toward road construction for the project. The clerk recorded the roll call and the appropriation passed with seven ayes.
Nut Graf: The appropriation commits previously awarded or received grant/CIP funds to the Falling Branch lot and records a requirement from VDOT that a defined level of investment be achieved by April 2028. County staff said contingency funding and phased payback provisions exist if the investment threshold is not reached.
Staff will proceed with the appropriation and monitor the project timeline to meet the VDOT investment condition.
