Lewistown Community Development Authority (CDA)

Meetings

  • Meets as needed, but at least once annually prior to March 15
  • Economic Development Office
    8200 Center Path Lane
    Suite E
    Mechanicsville, VA 23116

Members

Membership


  • 5 member board appointed by the Board of Supervisors

Terms of Service


  • 4-year staggered terms

Purpose


To act as fiduciary agent over the CDA and the bonds issued to support the CDA assets acquired or built.

Scope


Review incremental and special tax funding sources needed to pay debt service on the CDA bonds from the specific district of 184.9 acres created in 2006 located near Lewistown Road and Interstate-95. In addition, when initial revenue sources are less than debt service obligations, special assessments are approved by the CDA in accordance with all the terms and conditions of the bonds.

Type


  • Citizens