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Commissioners authorize conveyance of 698.79-acre Halifax Corporate Park parcel for economic development
Summary
The board adopted a resolution authorizing conveyance of a 698.79-acre parcel in Halifax Corporate Park, citing an assessed fair market value of $2,095,600 and a company-proposed investment of $45,550,000; the company name was not disclosed in the public hearing.
The Halifax County Board of Commissioners approved a resolution authorizing conveyance of a 698.79-acre parcel in Halifax Corporate Park for economic development purposes at its June 16 meeting.
Economic Development Director Cathy Scott told the board the property is located on Highway 561 in Halifax Township and that the county has determined the fair market value to be $2,095,600. Scott said the prospective company would invest $45,550,000 in real property improvements and equipment and that projected direct jobs would pay an average of $1,007 per week compared with the county's current average weekly wage of $823. Scott also said the company is pursuing state incentives and that the county could not name the company at this time.
The resolution authorizes the chairman and county staff to execute the economic development agreement when it is in final, file-ready form and allows the chair to determine whether the final form is substantially similar to the version presented. County counsel discussed deed restrictions included in the proposed agreement — for example, restrictions related to certain types of waste management — and noted the draft would remove the parcel from existing restrictive covenants in the corporate park. Counsel and staff said the agreement includes provisions for compensating any current farm tenant if land must be removed from agricultural production and for prorating farm rent where appropriate. Staff also corrected an internal deadline referenced in the draft to July 16 for final execution of certain documents.
Chair opened the public hearing on the conveyance and then closed it after no members of the public spoke. Vice Chair Davis moved to adopt the resolution authorizing conveyance; Commissioner Samuel Webb seconded and the board approved the motion by voice vote.
Why it matters: The board concluded that the projected tax revenue over 10 years and the contractual requirement that the company make specified improvements within 5 years justify the conveyance, as required by the statutes cited during the hearing. The company’s identity remains confidential while it pursues state incentives and finalizes contractual paperwork.
Next steps: The resolution authorizes staff to finalize and execute the agreement in substantially the same form; staff will return to the board if material changes are necessary.
