Herndon’s Town Manager William Ashton III has proposed a $60.2 million budget for fiscal year 2018 — a nearly 18 percent increase over the previous budget.
The majority of the increase is the result of $6.5 million for the water and sewer fund and $1 million for parking linked to the redevelopment of downtown Herndon.
Modest revenue growth is projected over the next year, Ashton said. The budget reflects a nearly three percent increase in assessed property tax values. The town’s real estate tax rate will remain at $0.2650 per $100 of assessed value.
In the proposal, funding is allocated for the Town of Herndon’s ongoing partnership with Comstock for the redevelopment of downtown. It includes $500,000 this year for an interior build-out of an 18,000-square-foot arts center, $2.9 million to relocate overhead utilities underground and $1.4 million for street improvements along Van Buren Street from Herndon Parkway north to Spring Street.
The overall six-year plan for the capital budget includes $3 million for the construction of a new nature center at Runnymede Park, $3.3 million for vehicle and pedestrian access to the Herndon Metrorail Station, and $4.3 million for a second-story addition to the Herndon Community Center.
A summary of the budget is available online.
The commercial real estate company is seeking buyers for the trio of buildings on 11130 Sunrise Valley Drive, 11190 Sunrise Valley Drive and 11180 Sunrise Valley Drive, which were built between 1987 and 1990 on nearly a dozen acres.
Jennifer Dietze, a senior property manager for Lincoln Property Company, said Cushman & Wakefield is currently preparing an offering memorandum. Dietze also declined to provide any other information on the sale, including why the company is seeking to shed the property.
BPG Properties, a private equity real estate company, sold Campus at Sunrise to Canada-based Grosvenor Americas, the current owner, for $63 million in 2011 — two million more than the current sale price. Soon after, the company renovated the buildings’ HVAC systems, which they said “greatly enhance the tenant experience.”
Promotional material cites the buildings’ close proximity to Wiehle-Metro East, indoor and outdoor terrace lounge areas, an on-site delicatessane and fitness center.
Eric Berkman, a representative for Cushman & Wakefield, declined to comment on the building portfolio due to a confidentiality agreement.
Photos via Cushman & Wakefield
The Coalition for a Planned Reston, an umbrella organization for citizen groups like Reclaim Reston, is seeking additional community forums as the county considers a plan to increase Reston’s population density in certain areas from 13 to 16 people per acre.
The move comes as Fairfax County’s Department of Planning and Zoning issued a formal response on Thursday to requests made by Reston Association and CPR to change Reston’s master plan by curbing additional development and adding more language to manage infrastructure.
The group postponed a planned Monday meeting on the issue with Hunter Mill District Supervisor Cathy Hudgins, noting it would not be a “constructive use” of time. CPR also cited the county’s inadequate response to their concerns.
“Given the six-week delay in the county’s response and the significant community interest in the density issue, we believe the best way to address these issues of mutual concern will be for CPR to hold one or more community wide meetings to discuss with the public the County’s positions as represented by the March 28th letter,” the group wrote in a statement to Hudgins.
CPR plans to hold community forums on the county’s responses to requests for amendments this month. The group is also seeking to meet with county officials in early May.
“Madam Supervisor, the issues before us will directly affect every resident of Reston, current and future, for decades to come. We have confidence that you agree that it is imperative,” the group wrote.
On Thursday, a RA spokesperson said RA is analyzing the March 28 letter by the county but declined comment.
Every weekday, we highlight deals and events around Reston, with help from Tim’s Reston Directory. Some require a coupon or have more instructions, so be sure to click the link for details and any additional requirements.
- Bike Lane – Trek Fest Sale
- Carrabba’s – Amore Monday
- Clyde’s – ½ priced wine & Irish Specials
- Crafthouse – $5 Burgers & Military Specials
- Crafthouse – Trivia @ 8pm
- Glory Days – $5.99 burgers
- Gregorio’s – Pizza/Pasta Dinner Special
- Gregorio’s – Passover Pizza
- Jerry’s – $5.99 large pizzas after 3pm
- Kalypso’s – Service Industry Night
- Lake Anne Wine Bar- 1/2 priced wine
- Ledo Pizza – $6 Calzone or Stromboli
- Melting Pot – Military & Civil Service specials
- Not Your Average Joe’s – $1 Oysters & Shrimp
- On the Border – Endless Enchiladas
- Red’s Table – 20-50% off bottles of wine
- Virginia ABC – Free Mini Bottle w/$25+ purchase
- BONUS: Join the Redbox Newsletter for frequent freebies
- More deals & events @ TIMS.US
Follow Tim’s Reston Directory on Twitter and Facebook and visit TIMS.US for a comprehensive monthly calendar of deals and events around Reston.
Interested in special promotion as the deal or event of the day? Have a deal or event tip? Email Tim at [email protected]!
Last day to vote in Reston Association elections — Voting for the Board of Directors election closes at 5 p.m.. Ballots must be cast online or received in paper by the deadline. [Reston Association]
Get a little “Overboard” today — Enjoy the film “Overboard,” which follows the story of an heiress who hires a carpenter to build a closet on her yacht for her wardrobe. A free continent breakfast will begin at 9:30 a.m. today. [Reston Community Center]
Taking a toll — A $23.4 million upgrade to the equipment of Dulles Toll Road’s toll system could charge variable tolls based on the time of day or the volume of traffic. [The Washington Post]
Co-founder of Reston’s Used Bookstore dies — Susan Schram, a long-time Restonian, died in late March. She opened the bookstore with her best friend in 1977. [Legacy]
Photo by Gail Freiday Crockett