Virginia Administrative Code › Title 1 - ADMINISTRATION › Agency 50 - COMMISSION ON LOCAL GOVERNMENT › Chapter 20 - ORGANIZATION AND REGULATIONS OF PROCEDURE › Part IV - Information, Data, and Factors Relative to Mandatory Commission Reviews › Section 1VAC50-20-610 - Voluntary settlement agreements

Current through Register Vol. 40, No. 24, July 15, 2024
In developing its findings of fact and recommendations with
					 respect to a proposed agreement developed under the authority of § 15.2-3400 of
					 the Code of Virginia, the commission shall consider the information, data, and
					 factors listed in this section. Local governments submitting a proposed
					 agreement for review shall, separately or jointly, submit to the commission
					 data and other evidence responsive to each element listed in this section that
					 they deem relevant to the proposed voluntary settlement agreement.
1. If the agreement proposes a municipal
				  boundary expansion, submissions should include data and evidence responsive to
				  the relevant provisions of
				  1VAC50-20-540.
2. If the agreement proposes the immunization
				  of areas of a county from annexation or the incorporation of new cities,
				  submissions should include data and evidence responsive to the relevant
				  provisions of
				  1VAC50-20-550.
3. If the agreement proposes the
				  incorporation of a town, submissions should include data and evidence
				  responsive to the relevant provisions of
				  1VAC50-20-570.
4. If the agreement proposes the transition
				  of a town to city status, submissions should include data and evidence
				  responsive to the relevant provisions of
				  1VAC50-20-580.
5. If the agreement proposes the transition
				  of a county to city status, submissions should include data and evidence
				  responsive to the relevant provisions of
				  1VAC50-20-590.
6. If the agreement proposes the transition
				  of a city to town status, submissions should include data and evidence
				  responsive to the relevant provisions of
				  1VAC50-20-601.
7. If the agreement proposes a
				  revenue-sharing plan or similar arrangement by which jurisdictions will share
				  the tax or revenue sources of an area, submissions should include:
a. A description of the plan;
b. Calculations indicating for each locality
				  the projected future contributions to the plan for the next five-year
				  period;
c. Each locality's
				  projected net annual receipts or net annual contributions to the plan for the
				  next five-year period;
d. Each
				  locality's annual expenditures for the past five years and its projected annual
				  expenditures for the next five years by general operating, school, and debt
				  service categories;
e. Each
				  locality's real estate and public service corporation property assessed values
				  for the past five years and projected for the next five-year period;
f. Each locality's annual revenue for the
				  past five years and projected for the next five-year period (exclusive of
				  receipts from or payments to the economic growth sharing plan) by source and
				  type;
g. Each locality's
				  anticipated major capital needs for the next five-year period; and
h. Other information indicating the general
				  equity of the proposed plan for each participating locality.