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The original item was published from 11/17/2022 12:52:11 PM to 1/11/2023 11:23:55 AM.

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Danville, VA Local Government News and Announcements

Posted on: November 17, 2022

[ARCHIVED] Council OKs moral obligation agreement

The City Council voted Tuesday to approve a moral obligation agreement with Virginia Community Capital for a loan for the 1 Ecomnets Way project. 

The project includes renovation of a 20,164 square foot building located at 1 Ecomnets Way in Airside Industrial Park. 

Earlier this year, the City Council approved a moral obligation agreement for this loan. Since this time, construction costs have increased resulting in the need to update the Commitment Letter and request an approval of a new moral obligation reflecting this increase.  

The total cost to purchase and renovate this building is now $3,325,000. 


In other matters, the City Council voted to: 


  • Endorse an application for state highway safety funds that will be used to install signals with flashing yellow arrows at four major intersections. Those intersections are: 1) Main Street at Holbrook Street, 2) Piney Forest Road at Arnett Boulevard, 3) Piney Forest Road at Audubon Drive, and 4) West Main Street at Park Avenue.
  • Table action on a resolution approving a policy on collective bargaining.
  • Authorize an application to the Virginia Department of Housing and Community Development to amend geographic boundaries and incentives to the City's Enterprise Zone Program known as City Enterprise Zone #1.
  • Approve various grants, including a grant to conduct a comprehensive case study on the Police Department’s community policing efforts.
  • Reappoint David Cumbo, John Laramore and Philip Hall to the Industrial Development Authority. 

The City Council also reviewed the latest financial reports. 

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