The Exponent Telegram

By Jim Fisher, Metro Editor

Wednesday, July 13, 2006

 

CLARKSBURG – Harrison County commissioners are expected to discuss two issues related to Charles Pointe during the regular Thursday meeting.

Commissioners meet at 9 a.m. Thursday on the third floor of the courthouse.

At 9:30 a.m. representatives of Bridgeport are expected to appear to discuss annexing Charles Pointe.

The annexation request is by petition, meaning that it was requested by the property owner, developer Genesis Partners.

Also Thursday, commissioners are expected to consider authorizing President Ron Watson to sign bond documents related to the development’s tax increment financing district.

The initial bonds are for about $6 million in interim financing until Genesis is ready for a major bond sale, which probably will occur later this year or early next. The interim financing will be paid off once the next sale goes through.

The bonds have been available for several weeks.

Tax increment financing allows a developer to sell bonds to help pay for infrastructure. A portion of any increase in property taxes is set aside to pay back the bonds.

Also on Thursday’s agenda:

-Acceptance of two state grants: $78,650 for the Harrison/Lewis Drug and Violent Crimes Task Force and $45,884 for the Children’s Advocacy Program.

-A request for funding from the Fort New Salem Foundation.

-Consideration of appointments to the newly formed Clarksburg-Harrison Regional Housing Authority.

-A request from County Clerk Susan Thomas for money to hire additional personnel.

-Several requests for travel for training.