Community Development Authority
On July 21, 2008, the Board of Supervisors adopted 16 Principles for Public Investment in Support of Commercial Redevelopment (“Principles”) in order to provide policy guidance related to requests for public investment in designated redevelopment, revitalization and other strategic areas of the County. The County has various funding methods available that can be used to assist commercial investment. One mechanism by which public investment may be requested is through the establishment of a Community Development Authority (CDA). A CDA is established by petition to the Board from the owners of at least 51% of the land area or assessed value of land within a proposed area, and is governed by appointees of the Board of Supervisors. A CDA can cover a variety of areas ranging from a single shopping mall to a mixed use development to a downtown redevelopment area. The land within a CDA may be owned be a single entity or by multiple owners. A CDA is a flexible tool that can be used to address a broad range of infrastructure needs, as well as services. It is funded by ad valorem special taxes or special assessments, as negotiated with the petitioners. No general fund or debt impact is intended, unless the CDA is coupled with tax increment financing.
On September 8, 2008, the Board elected to assume the power to consider petitions for CDAs. Petitions for a CDA will be evaluated against the “Principles,” and the Board of Supervisors will hold a public hearing on any petition submitted to establish a CDA.
On April 27, 2009, the Board of Supervisors created the county’s first Community Development Authority (CDA). The CDA is for the proposed Mosaic - Merrifield Town Center development that was rezoned by the Board of Supervisors. View more information on Mosaic - Merrifield Town Center.