A conceptual plan of a proposed new self-storage facility that would be built in the Montpelier area of Hanover County. (Courtesy Hanover County)
Montpelier self-storage unit facility to be considered by Hanover Planning Commission
Zoning requests tied to a self-storage facility that would rise in Montpelier is on the docket for the Hanover Planning Commission this week.
Mile Branch Investments LLC and Lone Oak Land Co. are seeking zoning approvals for a self-storage facility on Mountain Road near its intersection with West Patrick Henry Road. The project would be built on a 17-acre site next to the Food Lion at 16615 Mountain Road.
The proposed self-storage facility at full buildout would have 534 storage units and 116 spaces for boat and RV parking, according to a staff report.
The Hanover Planning Commission agenda for its Thursday meeting can be found here.
Long-deferred Stratford Hills project back on city planning agenda
The Richmond Planning Commission meets Tuesday at 6 p.m. Full agenda here.
Back on the agenda is a previously deferred request to amend the Stratford Hills Community Unit Plan. The amendment would increase the plan area by 2.85 acres to 67.4 acres to accommodate Harper Associates’ plan to develop a Chipotle restaurant and 6,500-square-foot retail outparcel and up to 36 townhomes on the east side of the site.
Other business on the agenda is a special-use request to convert a former residence-turned-office building at 207 W. Franklin St. into 11 apartments, three of which would be housed in a new-construction carriage house with a four-car garage. Planning staff also will present an update on the city’s Cultural Heritage Stewardship Plan.
Planning Commission to discuss Chesterfield’s zoning update project
The Chesterfield Planning Commission is scheduled to meet Tuesday. The commissioners are slated to discuss the county’s ongoing Zoning Ordinance Modernization (known as ZOMod) effort.
County staff and consulting firm White & Smith have been working on the zoning ordinance update since early 2021. The project is intended to make the zoning ordinance more user-friendly, modernize land-use categories and bring the policy more in line with Chesterfield’s comprehensive plan among other goals.
This week’s discussion, which will be focused on zoning designations in the ordinance, comes after Chesterfield published the second draft of the ordinance proposal earlier this month. The Planning Commission’s agenda can be found here.
Chesterfield’s $2B budget proposal includes funding for Powhite Parkway extension
Chesterfield’s proposed budget for fiscal year 2025 would include a bonds-driven package of $300 million in road projects, about half of which would be earmarked for the first phase of construction to extend Powhite to Woolridge Road from its current endpoint near its interchange with Route 288. Ultimately, the county wants to see the parkway extended to Hull Street Road.
Chesterfield officials say they plan to issue bonds to finance the road projects and would pay them off using revenue from the county’s portion of tax revenue from the Central Virginia Transportation Authority
Also included in Chesterfield’s proposed budget is a 1 cent decrease to the county’s real estate tax rate, which would make it 90 cents per $100 of assessed value.
The $2 billion budget proposal, which county officials unveiled last week includes a $998.4 million general fund, which is a $46.7 million increase compared with the current fiscal year’s main operating fund for the county.
The Board of Supervisors is expected to adopt the county’s budget in April. The 2025 fiscal year starts July 1.
$1.4B Henrico budget proposal includes doubling of BPOL tax exemption
Henrico supervisors received the county’s proposed budget for FY25. The $1.4 billion spending plan maintains the current real estate tax rate and includes a $1.2 billion general fund budget, representing an increase of 8.4 percent, or $97.6 million, over the current year’s plan.
The budget includes an across-the-board pay increase of 4.8 percent for general government and school employees, with additional funds to provide a pay-scale step increase for positions in education and public safety. The general fund budget for the school system would total $704 million, an increase of 8.3 percent or $53.7 million.
Other highlights include a doubling of the exemption level for Business, Professional and Occupational License (BPOL) taxes from $500,000 to $1 million in gross receipts; $2 million for neighborhood revitalization projects and $750,000 for the Henrico Investment Program; a 5 percent increase in water and sewer rates to support the utilities operations; and a $327 million capital budget.
The full budget proposal can be viewed here.
The board will receive department-by-department presentations in budget workshops scheduled for March 18-21. A public hearing on the proposal is scheduled March 26. As outlined, and the plan is scheduled for adoption April 9, ahead of the fiscal year’s start on July 1.
Rezonings for 600-acre data centers project, Wyndham-area subdivision deferred in Henrico
At their meeting last week, Henrico supervisors again deferred a rezoning request for Markel | Eagle’s rezoning proposal for an 80-home subdivision on a 46-acre site southwest of Pouncey Tract Road and Wyndham West Drive. The board approved a rezoning for Dorado Capital’s plan for an 85-home subdivision on 30 acres off Nine Mile Road between Westover Avenue and Orams Lane.
The Henrico Planning Commission deferred to its April 11 meeting a previously deferred request to rezone 622 acres southeast of the Interstate 64-295 interchange in Varina for an industrial development including advanced manufacturing and data centers. The request stems from an earlier proposal from Atlantic Crossing LLC, a group that includes Texas-based Hillwood Development.
$121M Henrico bond sale attracts 16 bidders
Following the recent reaffirmation of its triple AAA bond rating, Henrico County secured a 3.07 percent true interest cost on $121.4 million in general obligation bonds in a competitive bond sale held last week.
The winning bidder was Ohio-based Fifth Third Securities, which provided the lowest of 16 bids ranging from its 3.07 percent to 3.14 percent. For the $121.4 million issued, the 3.07 percent true interest cost provides proceeds of $136.5 million.
The previous week, Henrico’s triple AAA bond ratings were reaffirmed by S&P Global Ratings, Moody’s Investors Service and Fitch Ratings. Triple AAA bond ratings are the highest possible endorsement of a locality’s creditworthiness.
Supervisors in January authorized the bond sale to support 10 projects. $86 million will be used for a new environmental education center at Wilton Farm and replacement schools for Jackson Davis and Longan elementary schools and Quioccasin Middle; and $13.3 million will be used for a new Fire Station 6 in Eastover Gardens.
$17.7 million will be used for an access road to serve the planned Three Chopt Area Park and Henrico Pet Adoption Center and general improvements to Tuckahoe Creek and Tuckahoe parks; $2.5 million for drainage improvements countywide; and $1.9 million for a widening of Richmond-Henrico Turnpike, which is underway.
A conceptual plan of a proposed new self-storage facility that would be built in the Montpelier area of Hanover County. (Courtesy Hanover County)
Montpelier self-storage unit facility to be considered by Hanover Planning Commission
Zoning requests tied to a self-storage facility that would rise in Montpelier is on the docket for the Hanover Planning Commission this week.
Mile Branch Investments LLC and Lone Oak Land Co. are seeking zoning approvals for a self-storage facility on Mountain Road near its intersection with West Patrick Henry Road. The project would be built on a 17-acre site next to the Food Lion at 16615 Mountain Road.
The proposed self-storage facility at full buildout would have 534 storage units and 116 spaces for boat and RV parking, according to a staff report.
The Hanover Planning Commission agenda for its Thursday meeting can be found here.
Long-deferred Stratford Hills project back on city planning agenda
The Richmond Planning Commission meets Tuesday at 6 p.m. Full agenda here.
Back on the agenda is a previously deferred request to amend the Stratford Hills Community Unit Plan. The amendment would increase the plan area by 2.85 acres to 67.4 acres to accommodate Harper Associates’ plan to develop a Chipotle restaurant and 6,500-square-foot retail outparcel and up to 36 townhomes on the east side of the site.
Other business on the agenda is a special-use request to convert a former residence-turned-office building at 207 W. Franklin St. into 11 apartments, three of which would be housed in a new-construction carriage house with a four-car garage. Planning staff also will present an update on the city’s Cultural Heritage Stewardship Plan.
Planning Commission to discuss Chesterfield’s zoning update project
The Chesterfield Planning Commission is scheduled to meet Tuesday. The commissioners are slated to discuss the county’s ongoing Zoning Ordinance Modernization (known as ZOMod) effort.
County staff and consulting firm White & Smith have been working on the zoning ordinance update since early 2021. The project is intended to make the zoning ordinance more user-friendly, modernize land-use categories and bring the policy more in line with Chesterfield’s comprehensive plan among other goals.
This week’s discussion, which will be focused on zoning designations in the ordinance, comes after Chesterfield published the second draft of the ordinance proposal earlier this month. The Planning Commission’s agenda can be found here.
Chesterfield’s $2B budget proposal includes funding for Powhite Parkway extension
Chesterfield’s proposed budget for fiscal year 2025 would include a bonds-driven package of $300 million in road projects, about half of which would be earmarked for the first phase of construction to extend Powhite to Woolridge Road from its current endpoint near its interchange with Route 288. Ultimately, the county wants to see the parkway extended to Hull Street Road.
Chesterfield officials say they plan to issue bonds to finance the road projects and would pay them off using revenue from the county’s portion of tax revenue from the Central Virginia Transportation Authority
Also included in Chesterfield’s proposed budget is a 1 cent decrease to the county’s real estate tax rate, which would make it 90 cents per $100 of assessed value.
The $2 billion budget proposal, which county officials unveiled last week includes a $998.4 million general fund, which is a $46.7 million increase compared with the current fiscal year’s main operating fund for the county.
The Board of Supervisors is expected to adopt the county’s budget in April. The 2025 fiscal year starts July 1.
$1.4B Henrico budget proposal includes doubling of BPOL tax exemption
Henrico supervisors received the county’s proposed budget for FY25. The $1.4 billion spending plan maintains the current real estate tax rate and includes a $1.2 billion general fund budget, representing an increase of 8.4 percent, or $97.6 million, over the current year’s plan.
The budget includes an across-the-board pay increase of 4.8 percent for general government and school employees, with additional funds to provide a pay-scale step increase for positions in education and public safety. The general fund budget for the school system would total $704 million, an increase of 8.3 percent or $53.7 million.
Other highlights include a doubling of the exemption level for Business, Professional and Occupational License (BPOL) taxes from $500,000 to $1 million in gross receipts; $2 million for neighborhood revitalization projects and $750,000 for the Henrico Investment Program; a 5 percent increase in water and sewer rates to support the utilities operations; and a $327 million capital budget.
The full budget proposal can be viewed here.
The board will receive department-by-department presentations in budget workshops scheduled for March 18-21. A public hearing on the proposal is scheduled March 26. As outlined, and the plan is scheduled for adoption April 9, ahead of the fiscal year’s start on July 1.
Rezonings for 600-acre data centers project, Wyndham-area subdivision deferred in Henrico
At their meeting last week, Henrico supervisors again deferred a rezoning request for Markel | Eagle’s rezoning proposal for an 80-home subdivision on a 46-acre site southwest of Pouncey Tract Road and Wyndham West Drive. The board approved a rezoning for Dorado Capital’s plan for an 85-home subdivision on 30 acres off Nine Mile Road between Westover Avenue and Orams Lane.
The Henrico Planning Commission deferred to its April 11 meeting a previously deferred request to rezone 622 acres southeast of the Interstate 64-295 interchange in Varina for an industrial development including advanced manufacturing and data centers. The request stems from an earlier proposal from Atlantic Crossing LLC, a group that includes Texas-based Hillwood Development.
$121M Henrico bond sale attracts 16 bidders
Following the recent reaffirmation of its triple AAA bond rating, Henrico County secured a 3.07 percent true interest cost on $121.4 million in general obligation bonds in a competitive bond sale held last week.
The winning bidder was Ohio-based Fifth Third Securities, which provided the lowest of 16 bids ranging from its 3.07 percent to 3.14 percent. For the $121.4 million issued, the 3.07 percent true interest cost provides proceeds of $136.5 million.
The previous week, Henrico’s triple AAA bond ratings were reaffirmed by S&P Global Ratings, Moody’s Investors Service and Fitch Ratings. Triple AAA bond ratings are the highest possible endorsement of a locality’s creditworthiness.
Supervisors in January authorized the bond sale to support 10 projects. $86 million will be used for a new environmental education center at Wilton Farm and replacement schools for Jackson Davis and Longan elementary schools and Quioccasin Middle; and $13.3 million will be used for a new Fire Station 6 in Eastover Gardens.
$17.7 million will be used for an access road to serve the planned Three Chopt Area Park and Henrico Pet Adoption Center and general improvements to Tuckahoe Creek and Tuckahoe parks; $2.5 million for drainage improvements countywide; and $1.9 million for a widening of Richmond-Henrico Turnpike, which is underway.