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ORDINANCE NO. 2024-133 AN ORDINANCE AUTHORIZING THE CITY TO JOIN THE EASTERN VIRGINIA REGIONAL INDUSTRIAL FACILITY AUTHORITY PURSUANT TO SECTION 15.2-6400 ET SEQ. OF THE CODE OF VIRGINIA (THE "ACT"). WHEREAS, a mechanism for localities in the local region to cooperate in the development of economic development projects and facilities is needed and desired in the Region (as defined below); and WHEREAS, the purpose of a regional industrial facility authority is to enhance the economic base for its member localities by developing, owning and operating one or more facilities on a cooperative basis involving its member localities; and WHEREAS, this City Council finds that economic growth and development of the City of Portsmouth, Virginia (the "City"), and the comfort, convenience and welfare of the citizens of the City require the development of facilities, and that the collaborative and collective action through a regional industrial facility authority by the City of Portsmouth, the City of Chesapeake, the City of Franklin, the County of Gloucester, the City of Hampton, the County of Isle of Wight, the County of James City, the City of Newport News, the City of Poquoson, the City of Virginia Beach, the City of Williamsburg, and the County of York, will facilitate the development of needed facilities within the region that comprises said geographic areas (the "Region"). NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia (the "Council") that: 1. The City hereby joins the "Eastern Virginia Regional Industrial Facility Authority" (the "Authority"), which Authority was formed effective December 18, 2018. The admission of the City will be completed effective upon approval of the Authority Board. 2. The City will join the existing member localities of the City of Chesapeake, the City of Franklin, the County of Gloucester, the City of Hampton, the County of Isle of Wight, the County of James City, the City of Newport News, the City of Poquoson, the City of Virginia Beach, the City of Williamsburg, and the County of York (each, a "Member Locality" and collectively, the "Member Localities"). Each Member Locality's respective governing body enacted an ordinance substantially similar to this ordinance authorizing the creation of or when joining the Authority. At any time subsequent to the creation of the Authority, the membership of the Authority may, with the approval of the Authority Board (as hereinafter defined and as more fully described in the Bylaws of the Authority), be expanded to include any locality within the Region that would have been eligible to be an initial member. The governing body of a locality seeking to become a member shall evidence its intent to become a member by adopting an ordinance substantially similar to this ordinance (and otherwise in conformance with Section 15.2- 6402 of the Act). The admission of such member shall be completed upon the Authority