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HomeMy WebLinkAbout4/7/2026 - RegularPage 1 of 4 PLEDGE OF ALLEGIANCE TO THE UNITED STATES FLAG Disclaimer: “Any invocation that may be offered before the official start of the Board meeting shall be the voluntary offering of a private citizen, to and for the benefit of the Board. The views or beliefs expressed by the invocation speaker have not been previously reviewed or approved by the Board and do not necessarily represent the religious beliefs or views of the Board in part or as a whole. No member of the community is required to attend or participate in the invocation and such decision will have no impact on their right to actively participate in the business of the Board.” Roanoke County Board of Supervisors April 7, 2026 Page 2 of 4 Good afternoon and welcome to our meeting for April 7, 2026. Regular meetings are held on the second and fourth Tuesday at 2:00 p.m. Public hearings are held at 6:00 p.m. on the fourth Tuesday of each month. Deviations from this schedule will be announced. The meetings are broadcast live on RVTV, Channel 3, and will be rebroadcast on Friday at 7:00 p.m. and on Sunday from 10:00 a.m. until 5 p.m. Board of Supervisors meetings can also be viewed online through Roanoke County’s website at www.RoanokeCountyVA.gov. Individuals who require assistance or special arrangements to participate in or attend Board of Supervisors meetings should contact the Clerk to the Board at (540) 772 -2005 at least 48 hours in advance. Please turn all cell phones off or place them on silent. A. OPENING CEREMONIES 1. Roll Call B. REQUESTS TO POSTPONE, ADD TO OR CHANGE THE ORDER OF AGENDA ITEMS C. NEW BUSINESS 1. Resolution approving the Roanoke Valley Resource Authority (RVRA) budget for fiscal year 2026-2027. (Jon Lanford, CEO, RVRA) 2. Resolution approving the Roanoke Regional Airport Commission budget for fiscal year 2026-2027. (Mike Stewart, Executive Director, Roanoke Regional Airport Commission) 3. Resolution setting the allocation percentage for Personal Property Tax Relief in Roanoke County for the 2026 tax year. (Jessica Beemer, Director of Finance and Management Services) Roanoke County Board of Supervisors Agenda April 7, 2026 Page 3 of 4 4.Resolution Authorizing Economic Development Incentive Agreements with (1) the County of Roanoke, the Roanoke County Economic Development Authority, and Elbit Systems of America - Night Vision LLC; and (2) the County of Roanoke, the Virginia Economic Development Partnership Authority, the Roanoke County Economic Development Authority, and Elbit Systems of America - Night Vision LLC. (Megan Baker, Director of Economic Development) D. PUBLIC HEARING AND ADOPTION OF RESOLUTIONS 1.Public hearing for citizen comments on the following items: Calendar Year 2026 Real Estate, Personal Property and Machinery and Tools Tax Rates . (Steve Elliott, Budget Administrator) 2.Request to adopt the following taxes rates: (a)Resolution setting the tax rate on Real Estate in the County of Roanoke for the calendar year 2026 at $1.03 per one hundred dollars assessed valuation; (b)Resolution setting the tax levy on Personal Property situate in the County of Roanoke for the calendar year 2026 at $3.40 per one hundred dollars assessed valuation; (c) Resolution setting the tax levy on a classification of personal property - Machinery and Tools - situate in the County of Roanoke for calendar year 2026 at $2.80 per one hundred dollars assessed valuation E.CONSENT AGENDA ALL MATTERS LISTED UNDER THE CONSENT AGENDA ARE CONSIDERED BY THE BOARD TO BE ROUTINE AND WILL BE ENACTED BY ONE RESOLUTION IN THE FORM OR FORMS LISTED BELOW. IF DISCUSSION IS DESIRED, THAT ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND WILL BE CONSIDERED SEPARATELY 1.Approval of minutes – March 24, 2026 2.Observance and Proclamation of Thursday, April 23, 2026, as National Arbor Day in Roanoke County. 3.Ordinance approving the disposition of real estate located at 6697 Mount Chestnut Road, Roanoke VA 24018 (Roanoke County Tax Parcel Id Number 075.00-02-36.00-0000). (First Reading and Request for Second Reading and Public Hearing) 4.Ordinance approving the disposition of real estate located at 3319 Westmoreland Drive, Roanoke VA 24018 (Roanoke County Tax Parcel Id Number 077.13 -05- 31.00-0000) and 3323 Westmoreland Drive, Roanoke VA 24018 (Roanoke Page 4 of 4 County Tax Parcel Id Number 077.13-05-30.00-0000). (First Reading and Request for Second Reading and Public Hearing) 5.Proclamation declaring April 12-18, 2026, as National Public Safety Telecommunicators Week in the County of Roanoke. F.CITIZENS' COMMENTS AND COMMUNICATIONS This time has been set aside for Roanoke County citizens to address the Board on matters of interest or concern. Roanoke County citizens are defined as current residents of Roanoke County. While the Board desires to hear from all who desire to speak, this agenda item is limited to a duration of 30 minutes. Each individual speaker shall be afforded 3 minutes to speak. G.REPORTS 1.Unappropriated Balance, Board Contingency and Capital Reserves Report 2.Outstanding Debt Report H.REPORTS AND INQUIRIES OF BOARD MEMBERS 1.Paul M. Mahoney 2.David F. Radford 3.Phil C. North 4.Martha B. Hooker 5.Tammy E. Shepherd I.WORK SESSION 1.Work session with the Board of Supervisors to provide Freedom of Information Act (FOIA) training. (Peter S. Lubeck, County Attorney) J.CLOSED MEETING 1.Section 2.2-3711(A)(5) of the Code of Virginia, for discussion concerning a prospective business or industry or the expansion of an existing business or industry where no previous announcement has been made of the business’ or industry’s interest in locating or expanding its facilities in the community. The Board will discuss potential business location or expansion in the five magisterial districts. K.CERTIFICATION RESOLUTION L. ADJOURNMENT Page 1 of 3 ACTION NO. ITEM NO. C.1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Resolution approving the Roanoke Valley Resource Authority (RVRA) budget for fiscal year 2026-2027 SUBMITTED BY: Laurie Gearheart Chief Financial Officer APPROVED BY: Richard L. Caywood County Administrator ISSUE: Resolution approving the Roanoke Valley Resource Authority (RVRA) budget for fiscal year 2026-2027 BACKGROUND: The Roanoke Valley Resource Authority (RVRA) was established on October 23, 1991, as a tax-exempt political subdivision within the Commonwealth of Virginia to acquire and construct a regional sanitary landfill and waste collection and transfer station with related treatment facilities. Members of the RVRA are the County of Roanoke, City of Roanoke, Town of Vinton and City of Salem. As specified in the RVRA’s Member Use Agreement, all members must approve the budget for it to be approved. On April 1, 2026, the Roanoke Valley Resource Authority (RVRA) Board adopted an operating and reserve budget for fiscal year 2026-2027. DISCUSSION: The fiscal year 2026-2027 operating budget for RVRA totals $19,824,759 and represents an overall increase of $708,025 from the prior year budget. The budget proposal reflects an increase in Municipal Tipping Fees from $58.00/ton to $59.75/ton and a Commercial Tipping Fee increase from $69.50/ton to $71.50/ton. Page 2 of 3 Highlights of the operating budget are as follows: Revenues · Projected increase of $683,025 in tipping fees is primarily due to the projected increase in tonnage and an increase in the municipal and private per ton disposal fee; · Projected increase in interest income of $50,000 due to current market conditions Expenses · Salary and Benefits increased by $359,939 primarily due to proposed salary increase of 3% for RVRA employees along with the increase in percentage based benefits and health insurance premiums, plus the addition of a new Facilities Manager position · Operating Costs decreased by $122,378 in transportation costs due to a newly negotiated transportation contract · Transfer to reserves increased $466,774 See the attached Fiscal Year 2026-2027 Reserves and Budget for additional information. FISCAL IMPACT: The Roanoke Valley Resource Authority budget will impact the County in several ways: 1. Recycling and tipping fees totaling $2,739,000 are budgeted in the fiscal year 2026-2027 General Fund-Solid Waste budget. 2. The County will continue to receive a municipality fee of $350,000 annually from the RVRA to compensate for the siting of the landfill within the County. 3. The County will receive $66,852 during the fiscal year 2026-2027 for providing accounting services. All of the above impacts are included in the proposed fiscal year 2026 -2027 County budget. STAFF RECOMMENDATION: Page 3 of 3 Staff recommends adopting the attached resolution approving the operating budget of the Roanoke Valley Resource Authority for the fiscal year 2026 -2027. Page 1 of 1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION APPROVING THE FY 2026-2027 BUDGET FOR THE ROANOKE VALLEY RESOURCE AUTHORITY WHEREAS, The Roanoke Valley Resource Authority (RVRA) was established on October 23, 1991, as a tax-exempt political subdivision within the Commonwealth of Virginia to acquire and construct a regional sanitary landfill and waste collection and transfer station with related treatment facilities; and WHEREAS, members of the RVRA are the County of Roanoke, City of Roanoke, Town of Vinton and City of Salem; and WHEREAS, as specified in the RVRA’s Member Use Agreement, all members must approve the Authority’s annual budget for it to be approved; and WHEREAS, on April 1, 2026, the Roanoke Valley Resource Authority (RVRA) Board adopted an operating and reserve budget for fiscal year 202 6-2027, which was today presented to the Board. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of Roanoke County, as follows: 1. The Board approves the proposed Roanoke Valley Resource Authority budget for the fiscal year 2026-2027, as today presented to the Board. 2. This resolution shall take effect immediately upon its adoption. Page 1 of 2 ACTION NO. ITEM NO. C.2 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Resolution approving the Roanoke Regional Airport Commission budget for fiscal year 2026-2027 SUBMITTED BY: Laurie Gearheart Chief Financial Officer APPROVED BY: Richard L. Caywood County Administrator ISSUE: Resolution approving the Roanoke Regional Airport Commission budget for fiscal year 2026-2027 BACKGROUND: The Roanoke Regional Airport Commission (the Commission) was established on July 1, 1987, by legislative act of the Commonwealth of Virginia to own and operate the Roanoke Regional Airport (now the Roanoke-Blacksburg Regional Airport). The Commission is composed of seven (7) members. Two (2) members are appointed by the Roanoke County Board of Supervisors and one (1) by the City of Salem and four (4) by Roanoke City Council. The County and the Cities are each responsible for their pro-rata share, based on population, of any year-end operating deficit or capital expenditures if any additional funding is required. The Commission is responsible for paying all outstanding debt. No subsidy has been required since inception. In accordance with the requirements of the Commission contract as amended, the Roanoke Regional Airport Commission is required to submit its budget to the Roanoke County Board of Supervisors and the Roanoke City Council for approval. At its meeting on March 24, 2026, the Commission approved the attached budget for fiscal year 2026 - 2027 to be forwarded to the governing bodies of the three (3) localities. DISCUSSION: Page 2 of 2 The 2026-2027 operating budget for the Roanoke Regional Airport Commission totals $17,531,000. Total revenues are projected at $17,531,000, total operating expenditures are projected at $14,459,000 and net income projected at $3,072,000. At this time no additional appropriations are being requested or anticipated from the County of Roanoke or the Cities of Roanoke and Salem. The Commission also approved a capital expenditure program for projects totaling $38,321,000 as shown on the attached document from the Roanoke Regional Airport Commission Budget. FISCAL IMPACT: No funds from the County of Roanoke are requested or anticipated for the fiscal year 2026-2027 budget. STAFF RECOMMENDATION: Staff recommends adopting the attached resolution approving the Roanoke Regional Airport Commission budget for the fiscal year 2026-2027. ROANOKE REGIONAL AIRPORT COMMISSION 5202 Aviation Drive NW Roanoke, VA 24012-1148 (540) 362-1999 flyroa.com March 26, 2026 Honorable Chair and Members Roanoke County Board of Supervisors ℅ County Administrator P.O. Box 29800 Roanoke, Virginia 24018-0798 RE: Roanoke Regional Airport Commission Fiscal Year 2027 Budget and Proposed Capital Expenditures Dear Chair Shepherd and Members of the Board: In accordance with the Amended and Restated Contract dated July 01, 2020, between the Roanoke Regional Airport Commission (the “Commission”) and the participating political subdivisions, the Commission hereby submits its Fiscal Year 2027 Operating Budget (Attachment I) for approval. This Budget was adopted by the Commission at its meeting on March 24, 2026. Additionally, a separate listing of Capital Expenditures planned in FY 2027 which are expected to exceed $100,000 in cost and are intended to benefit five or more future accounting periods (Attachment II). It is a pleasure to report that Roanoke-Blacksburg Airport is enjoying a very strong FY 2026, and you will note that no deficit is anticipated in the Operating Budget for FY 2027. Therefore, no additional appropriations are being requested from the City of Roanoke, the County of Roanoke, or the City of Salem. Formal approval of the Operating Budget and the Capital Expenditure List by resolution of each of the participating political subdivisions would be appreciated. I would be pleased to respond to any questions or comments that you may have regarding the Commission budget at your Board meeting on April 7, 2026. On behalf of the Commission members and Executive team, thank you very much for your assistance and cooperation, as well as your continued support of Roanoke- Blacksburg Airport. Regards, Mike Stewart President and Chief Executive Officer Enclosures cc: Chair and Members, Roanoke Regional Airport Commission Eric Monday, Commission General Counsel Richard Caywood, County Administrator Peter Lubeck, Roanoke County Attorney Rhonda Perdue, Chief Deputy Clerk to the Board Attachment I Attachment II Page 1 of 2 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION APPROVING THE FY 2026-2027 BUDGET FOR THE ROANOKE REGIONAL AIRPORT COMMISSION WHEREAS, The Roanoke Regional Airport Commission (the Commission) was established on July 1, 1987, by legislative act of the Commonwealth of Virginia to own and operate the Roanoke Regional Airport (now the Roanoke -Blacksburg Regional Airport); and WHEREAS, the Commission is composed of seven (7) members. Two (2) members are appointed by the Roanoke County Board of Supervisors , one (1) by the City of Salem, and four (4) by Roanoke City Council; and WHEREAS, the County and the Cities are each responsible for their pro-rata share, based on population, of any year-end operating deficit or capital expenditures if any additional funding is required; and WHEREAS, the Commission is responsible for paying all outstanding debt; and WHEREAS, no subsidy has been required since inception; and WHEREAS, in accordance with the requirements of the Commission contract as amended, the Roanoke Regional Airport Commission is required to submit its budget to the Roanoke County Board of Supervisors and the Roanoke City Council for approval ; and WHEREAS, at its meeting on March 24, 2026, the Commission approved the attached budget for fiscal year 202 6-2027 to be forwarded to the governing bodies of the three (3) localities; and Page 2 of 2 WHEREAS, the 2026-2027 operating budget for the Roanoke Regional Airport Commission totals $17,531,000. Total revenues are projected at $15,939,000, total operating expenditures are projected at $14,459,000 and net income projected at $3,072,000; and WHEREAS, at this time, no additional appropriations are being requested or anticipated from the County of Roanoke or the Cities of Roanoke and Salem ; and WHEREAS, the Commission also approved a capital expenditure program for projects totaling $38,321,000. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of Roanoke County, as follows: 1. The Board approves the Roanoke Regional Airport Commission budget for the fiscal year 2026-2027 as today presented. 2. This resolution shall take effect immediately upon its adoption. Page 1 of 2 ACTION NO. ITEM NO. C.3 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Resolution setting the allocation percentage for Personal Property Tax Relief in Roanoke County for the 2026 tax year SUBMITTED BY: Jessica Beemer Director of Finance APPROVED BY: Richard L. Caywood County Administrator ISSUE: Establish the percentage for personal property tax relief in Roanoke County for the 2026 tax year BACKGROUND: The Personal Property Tax Relief Act (PPTRA or the Act) of 1998 established a State - wide program to provide relief to owners of personal use motor vehicles. The Act provides State funds to localities to reduce local government taxation of personal property. In 2004 and 2005, additional legislation was passed to amend the original Act. This legislation capped PPTRA at $950 million for all Virginia localities for tax years 2006 and beyond. PPTRA funds are allocated to individual localities based on each government’s pro rata share of tax year 2004 payments from the Commonwealth. The County’s share of the $950 million is $12,229,857. DISCUSSION: The amount the County receives from the State has stayed constant since 2006. However, the personal property tax base continues to change, which has caused less of the personal property tax bill to be offset by PPTRA Funds. The County has used a Personal Property Planning Model developed by the IT staff to Page 2 of 2 allocate the State block grant of $12,229,857. Based on this model, the calculated effective reimbursement rate for Roanoke County citizens for the tax year 2026 is 44.89% The Board is required by the State to annually adopt a resolution setting the percentage reduction in personal property for that year. The attached resolution establishes the percentage at 44.89% for the 2026 tax year. FISCAL IMPACT: The percentage reduction is calculated to distribute the $12,229,857 block grant allocation from the State as described above. There will be some timing delays in the receipt of the State funds since they are received in the following fiscal year (2026 - 2027). However, we are allowed to accrue these funds back to the 2025 -2026 year for accounting purposes, therefore our budget will be balanced. STAFF RECOMMENDATION: Staff recommends approval of the attached resolution, which establishes the percentage reduction for personal property tax relief at 44.89% for Roanoke County for the 2026 tax year. AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 07, 2026 RESOLUTION SETTING THE ALLOCATION PERCENTAGE FOR PERSONAL PROPERTY TAX RELIEF IN ROANOKE COUNTY FOR THE 2026 TAX YEAR WHEREAS, in accordance with the requirements set forth in Section 58.1-3524 (C) (2) and Section 58.1-3912 (E) of the Code of Virginia, as amended by Chapter 1 of the Acts of Assembly 2004 Special Session I, and as set forth in item 503.E (Personal Property Tax Relief Program or “PPTRA”) of Chapter 951 of the 2005 Acts of Assembly, a qualifying vehicle (as defined in Section 58.1-3523 of the Code of Virginia) with a taxable situs within the County commencing January 1, 2026, shall receive personal property tax relief; and, WHEREAS, this Resolution is adopted pursuant to Ordinance 122005 -10 adopted by the Board of Supervisors on December 20, 2005. NOW THEREFORE, BE IT RESOLVED, BY THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, as follows: 1. That tax relief shall be allocated so as to eliminate personal property taxation for qualifying personal use vehicles valued at $1,000 or less. 2. That qualifying personal use vehicles valued from $1,001 to $20,000 will be eligible for 44.89% tax relief. 3. That qualifying personal use vehicles valued at $20,001 or more shall only receive 44.89% tax relief on the first $20,000 of value; and 2 4. That all other vehicles which do not meet the definition of qualifying (for example, including but not limited to, business use vehicles, farm use vehicles, motor homes, etc.) will not be eligible for any form of tax relief under this program. 5. That the percentages applied to the categories of qualifying personal use vehicles are estimated fully to use all available PPTRA funds allocated to Roanoke County by the Commonwealth of Virginia. 6. That this Resolution shall be effective from and after the date of its adoption. Page 1 of 2 ACTION NO. ITEM NO. C.4 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Resolution Authorizing Economic Development Incentive Agreements with (1) the County of Roanoke, the Roanoke County Economic Development Authority, and Elbit Systems of America - Night Vision LLC; and (2) the County of Roanoke, the Virginia Economic Development Partnership Authority, the Roanoke County Economic Development Authority, and Elbit Systems of America - Night Vision LLC. SUBMITTED BY: Megan Baker Director of Economic Development APPROVED BY: Richard L. Caywood County Administrator ISSUE: These are economic development performance based incentive agreements to assist Elbit Systems of America with their expansion in Roanoke County. BACKGROUND: Elbit Systems of America - Night Vision LLC (the "Company") operates a manufacturing facility in Roanoke County that produces advanced night vision and optical systems used by U.S. military and defense partners. As part of Elbit Systems of America, headquartered in Fort Worth, Texas, the company supports national security through the production of high-performance technologies. The company is expanding its Roanoke County Operations, increasing production capacity and workforce to meet growing demand. In support of the expansion, there are two proposed economic development incentive agreements : (1) the County of Roanoke, the Roanoke County Economic Development Authority, and Elbit Systems of America -- Night Vision LLC (the "Local Incentive Agreement"); and (2) the County of Roanoke, the Virginia Economic Development Partnership Authority, the Roanoke County Economic Development Authority, and Elbit Systems of America -- Night Vision LLC (the "State Incentive Agreement"). Page 2 of 2 Elbit Systems of America intends to make a capital investment of approximately $30,216,548 million, of which approximately $18,695,933 will be invested in machinery and tools, approximately $6,900,000 will be invested in furniture, fixtures and business personal property, and approximately $4,620,614 will be invested in the construction, expansion, and up-fit of the buildings for the facility. The expansion, equipping, improvement, and operation of the facility will entail the creation and maintenance of 288 new jobs at the facility with an average salary of $68,134. The Local Incentive Agreement offers reimbursement of new tax revenues generated by the project over a six-year period, with a total estimated value of $1,200,000. Incentive payments are performance-based, with 80% tied to capital investment and 20% tied to job creation. The Company must meet annual cumulative capital investment and job creation thresholds (80% Years 1- 4 and 95% Years 5 - 6) to be eligible for payments The State Incentive Agreement includes up to $1,200,000 from the Commonwealth’s Opportunity Fund (the “COF Grant”), $288,000 from the Virginia Jobs Investment Program (the “VJIP Grant”), and $300,000 from the Virginia Investment Performance Grant (the “VIP Grant”). The COF Grant will be disbursed after the required capital investment and job creation targets are met, as verified following the December 31, 2029 performance date, with payments anticipated to begin in 2030. The VIP Grant may be distributed as soon as performance targets are met. The VJIP Grant is paid as the company creates jobs, beginning after the Company has created at least 25 new jobs and made a capital investment of at least $1 million. FISCAL IMPACT: The Virginia Economic Development Partnership agreement requires no additional funds from Roanoke County beyond a portion of the Local Incentive Grant serving as match to the COF grant. The Local Incentive Grant will be in the form of foregone revenue. As such, no new funding is needed for this project. STAFF RECOMMENDATION: Staff recommends adoption of a resolution authorizing the execution of performance agreements between (1) the County of Roanoke, the Roanoke County Economic Development Authority, and Elbit Systems of America -- Night Vision LLC; and (2) the County of Roanoke, the Virginia Economic Development Partnership Authority, the Roanoke County Economic Development Authority, and Elbit Systems of America -- Night Vision LLC. 1 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 COMMONWEALTH’S DEVELOPMENT OPPORTUNITY FUND PERFORMANCE AGREEMENT This PERFORMANCE AGREEMENT (the “Agreement”) is entered into by and among the COUNTY OF ROANOKE, VIRGINIA (the “Locality”), a political subdivision of the Commonwealth of Virginia (the “Commonwealth”), ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC, a Delaware limited liability company authorized to transact business in the Commonwealth (the “Company”), the VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP AUTHORITY (“VEDP”), a political subdivision of the Commonwealth, and the ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA (the “Authority”), a political subdivision of the Commonwealth. WITNESSETH: WHEREAS, the Locality has been awarded a grant of and expects to receive $1,200,000 (the “COF Grant”) from the Commonwealth’s Development Opportunity Fund (the “Fund”) through VEDP for the purpose of inducing the Company to expand, equip, improve, and operate a manufacturing facility in the Locality (the “Facility”), thereby making a significant Capital Investment, and creating and Maintaining a significant number of New Jobs, as such capitalized terms are hereinafter defined; WHEREAS, the Locality is willing to provide the funds to the Authority with the expectation that the Authority will provide the funds to or for the use of the Company, provided that the Company meets certain criteria relating to Capital Investment and New Jobs; WHEREAS, the Locality, the Authority, the Company, and VEDP desire to set forth their understanding and agreement as to the payout of the COF Grant, the use of the COF Grant proceeds, and the obligations of the Company regarding Capital Investment and New Jobs; WHEREAS, the expansion, equipping, improvement, and operation of the Facility will entail a capital expenditure by or on behalf of the Company of approximately $30,216,548, of which approximately $18,695,933 will be invested in machinery and tools, approximately $6,900,000 will be invested in furniture, fixtures and business personal property, and approximately $4,620,615 will be invested in the construction, expansion and up-fit of the buildings for the Facility; WHEREAS, the expansion, equipping, improvement, and operation of the Facility will further entail the creation and Maintenance of 288 New Jobs at the Facility; and WHEREAS, the stimulation of the additional tax revenue and economic activity to be generated by the Capital Investment and New Jobs constitutes a valid public purpose for the expenditure of public funds and is the animating purpose for the COF Grant: NOW, THEREFORE, in consideration of the foregoing, the mutual benefits, promises and undertakings of the parties to this Agreement, and other good and valuable consideration, the 2 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 receipt and sufficiency of which are hereby acknowledged, the parties covenant and agree as follows. Section 1. Definitions. For the purposes of this Agreement, the following terms shall have the following definitions: “Average Annual Wage” means the average annual salary of new full-time positions at the Facility determined by dividing total payroll (of a type included in W-2 compensation) provided to new full-time positions at the Facility by the number of new full-time positions at the Facility. “Capital Investment” means a capital expenditure by or on behalf of the Company in taxable real property, taxable tangible personal property, or both, at the Facility. The purchase or lease of machinery and tools or furniture, fixtures, and business personal property, including under an operating lease, and expected building construction, expansion, improvement, and up- fit by or on behalf of the Company will qualify as Capital Investment. The Capital Investment must be in addition to the capital improvements at the Facility as of June 1, 2025. “Capital Investment Target” means that the Company has made or caused to be made and retained Capital Investments of at least $30,216,548. “Code of Virginia” means the Code of Virginia of 1950, as amended. “Fund” means the Commonwealth’s Development Opportunity Fund. “Maintain” or “Maintenance” means that the New Jobs will continue without interruption from the date of creation through the date that the level of achievement of the New Jobs Target is being tested, including the Performance Date. Positions for the New Jobs will be treated as Maintained during periods in which such positions are not filled due to (i) temporary reductions in the Company’s employment levels (so long as there is active recruitment for open positions), (ii) strikes, and (iii) other temporary work stoppages. “New Job” means new permanent full-time employment of an indefinite duration at the Facility for which the standard fringe benefits are provided by the Company for the employee, and for which the Company pays an Average Annual Wage of at least $68,134. No job shall be counted as a New Job for purposes of determining full or partial achievement of the New Jobs Target if its inclusion in the calculation of the Average Annual Wage causes the Average Annual Wage to be less than $68,134. Each New Job must require a minimum of either (i) 35 hours of an employee’s time per week for the entire normal year of the Company’s operations, which “normal year” must consist of at least 48 weeks, or (ii) 1,680 hours per year. Seasonal or temporary positions, positions created when a job function is shifted from an existing location in the Commonwealth, and positions with construction contractors, vendors, suppliers and similar 3 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 multiplier or spin-off jobs shall not qualify as New Jobs. The New Jobs must be in addition to the Company’s 725 full-time jobs in the Commonwealth as of June 1, 2025. “New Jobs Target” means that the Company has created and Maintained at least 288 New Jobs. “Performance Date” means December 31, 2029. “Performance Report” means a report to be filed by the Company in accordance with Section 5. The “Final Performance Report” is to be filed within 90 days after the Performance Date. As noted in Section 5, the Locality, the Authority and VEDP may each request a Performance Report at other dates prior to the Performance Date. “Targets” means the Capital Investment Target and the New Jobs Target, all to be achieved as of the Performance Date. Section 2. Targets; Statutory Criteria. (a) Targets: The Company will expand, equip, improve, and operate the Facility, and achieve the Targets. (b) Encouragement to Offer New Jobs to Residents of the Commonwealth: The Locality, the Authority, and VEDP hereby strongly encourage the Company to ensure that at least 30% of the New Jobs are offered to “Residents” of the Commonwealth, as defined in § 58.1-302 of the Code of Virginia. In pertinent part, that definition includes natural persons domiciled in Virginia or natural persons who, for an aggregate of more than 183 days of the year, maintained a place of abode within the Commonwealth, whether domiciled in the Commonwealth or not. (c) Prevailing Wage; Unemployment and Poverty Rates: The Average Annual Wage of the New Jobs of at least $68,134 is more than the prevailing average annual wage in the Locality of $55,377 as of September 10, 2025, the date of the preliminary approval of the project. The Locality is not a high-unemployment locality, with an unemployment rate of 2.7% as compared to the 2024 statewide unemployment rate of 2.9%. The Locality is not a high-poverty locality, with a poverty rate of 7.2% as compared to the 2023 statewide poverty rate of 10.2%. (d) Disclosure of Political Contributions: The Company acknowledges that the name of the Company will be shared by VEDP with the Governor of Virginia, and any campaign committee or political action committee associated with the Governor. The Company acknowledges that within 18 months of the date of this Agreement, the Governor, his campaign committee, and his political action committee will submit to the Virginia Conflict of Interest and Ethics Advisory Council a report listing any contribution, gift, or other item with a value greater than $100 provided by the Company to the Governor, his campaign committee, or his political action committee, respectively, during the period from the date of the Company’s application for the COF Grant through the one-year period immediately after the date of this Agreement. 4 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 (e) Support for Virginia’s and Locality’s Economic Development Efforts: Recognizing that it is in the best interest of all parties for the Commonwealth and the Locality to achieve sustained economic growth, the parties will periodically engage with one another to advise on economic development strategies and initiatives for the Commonwealth and the Locality, such as promoting the attributes of the Commonwealth and the Locality as places to do business, or highlighting important industry trends and/or business development opportunities that the Commonwealth or the Locality may wish to pursue. Such engagement would include the Company’s participation in occasional business retention and expansion visits from VEDP personnel, as deemed appropriate based on the project parameters and nature of the incentives provided to the Company. (f) Compliance with Environmental Laws: The Company covenants to (i) comply in all material respects with any and all applicable federal, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants ("Environmental Laws") with respect to its operations at the Facility, (ii) receive all material permits, licenses or other approvals required of the Company under applicable Environmental Laws to conduct its business at the Facility, and (iii) remain in compliance with all material terms and conditions of any such permit, license or approval. If the Company fails to comply with this covenant and fails to rectify the noncompliance within 30 days of notice from VEDP, VEDP shall have the option to terminate this Agreement in accordance with Section 7. Section 3. Disbursement of COF Grant. (a) General Provisions: The disbursement of the COF Grant proceeds to the Company will serve as an inducement to the Company to achieve the Targets. The COF Grant is to be allocated as 10% ($120,000) for the Company’s Capital Investment Target, and 90% ($1,080,000) for the Company’s New Jobs Target. The statutory minimum requirements for a COF Grant in the Locality require that the Company (1) make or cause to be made and retained a Capital Investment of at least $5,000,000 and (2) create and Maintain at least 50 New Jobs (the “Statutory Minimum Requirements”). The COF Grant proceeds shall be retained in the Fund until needed for disbursement or the COF Grant is withdrawn in accordance with the terms of this Agreement. (b) Disbursement of the COF Grant: Within 90 days after the Performance Date, the Company will deliver the Final Performance Report. Through this report, the Company will provide notice and evidence satisfactory to the Locality, the Authority and VEDP of the amount of Capital Investments made or caused to be made and retained, and the number of New Jobs created and Maintained, by the Company as of the Performance Date. The Final Performance Report will be subject to verification by the Locality and VEDP. Upon such verification, the amount of the COF Grant proceeds to be disbursed to the Company, if any, shall be determined as follows: 5 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 (i) If Statutory Minimum Requirements Not Met: If, as of the Performance Date, the Company has not achieved both of the Statutory Minimum Requirements, the Company will not receive any of the proceeds of the COF Grant. (ii) If Targets Met: If, as of the Performance Date, the Company has achieved the Capital Investment Target and the New Jobs Target, the Company will receive all $1,200,000 of the proceeds of the COF Grant. (iii) If Statutory Minimum Requirements Met, but Targets Not Met: If, as of the Performance Date, the Company has achieved both of the Statutory Minimum Requirements, but has not achieved the full Capital Investment Target and the full New Jobs Target, the Company will qualify for a reduced disbursement of the COF Grant, reflecting a proportional amount of the Target or Targets for which there is a shortfall. For example: A) if as of the Performance Date, only $27,194,893 of the Capital Investment has been created and retained (reflecting achievement of 90% of the Capital Investment Target), and B) only 216 New Jobs have been created and Maintained (reflecting achievement of 75% of the New Jobs Target), then C) the Company will receive $108,000 (reflecting 90% of the $120,000 of the COF Grant allocated to the Capital Investment Target), D) plus $810,000 (reflecting 75% of the $1,080,000 of the COF Grant allocated to the New Jobs Target), E) for a total of $918,000. These amounts reflect the percentages of the shortfall from the Capital Investment Target and the New Jobs Target, each such shortfall multiplied by the portion of the COF Grant proceeds available to the Company allocated to that Target. Within 30 days after verification of the Final Performance Report, if any amount of COF Grant proceeds is available for disbursement to the Company, as determined in accordance with the foregoing calculations, VEDP will request the disbursement of such amount to the Locality. Within 30 days after receipt of such amount, the Locality will disburse such COF Grant proceeds to the Authority. Within 30 days after receipt of such amount, the Authority will disburse such COF Grant proceeds to the Company. If any amount of COF Grant proceeds has not been earned by the Company, the amount not disbursed will be retained in the Fund and will be available for other economic development projects. 6 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 (c) Use of the COF Grant Proceeds: The Company will use the COF Grant proceeds to pay or reimburse the cost of construction or build-out of the Facility as permitted by subsection D of § 2.2-115 of the Code of Virginia. Section 4. Break-Even Point; State and Local Incentives. (a) State-Level Incentives: VEDP has estimated that the Commonwealth will reach its “break-even point” by the Performance Date. The break-even point compares new revenues realized as a result of the Capital Investment and New Jobs at the Facility with the Commonwealth’s expenditures on discretionary incentives, including but not limited to the COF Grant. With regard to the Facility, the Commonwealth expects to provide discretionary incentives in the following amounts: Category of Incentive: Total Amount COF Grant $1,200,000 Virginia Jobs Investment Program (“VJIP”) (Estimated) $288,000 Virginia Investment Performance Grant (“VIP Grant”) $300,000 The proceeds of the COF Grant shall be used for the purposes described in Section 3(c). The VJIP grant proceeds shall be used by the Company to pay or reimburse itself for recruitment and training costs. The proceeds of the VIP Grant may be used by the Company for any lawful purpose. (b) Local-Level Incentives: The Locality and the Authority expect to provide the following incentives, as matching grants or otherwise, for the Facility by the Performance Date: Category of Incentive: Total Amount Building & Construction Upfits, Personal Property-Furniture, Fixtures, and Equipment, and Machinery and Tools Tax Rebates $1,200,000 If, by the Performance Date, the total value of all Local-Level Incentives disbursed or provided, or committed to be disbursed or provided, by the Locality to the Company is less than the $1,200,000 COF Grant local match requirement (or the actual amount of the COF Grant disbursed, if less than $1,200,000), the Locality, subject to appropriation, will make an additional grant to the Company of the difference promptly after Performance Date, so long as the Company has met its Targets. (c) Other Incentives: This Agreement relates solely to the COF Grant. The qualification for, and payment of all State-Level Incentives and Local-Level Incentives, except for the COF Grant, will be governed by separate arrangements between the Company and the entities offering the other incentives. 7 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 Section 5. Company Reporting. (a) Performance Reporting: The Company shall provide, at the Company’s expense, in the form attached hereto as Exhibit A, detailed Performance Reports satisfactory to the Locality, the Authority and VEDP of the Company’s progress on the Targets. The Performance Reports are due by each April 1, commencing April 1, 2027, reflecting the Company’s progress toward the Targets as of the prior December 31. Further, the Company shall provide such Performance Reports at such other times as the Locality, the Authority or VEDP may require. (b) Final Performance Report: The Company shall provide, at the Company’s expense, in the form attached hereto as Exhibit B, a detailed Final Performance Report satisfactory to the Locality, the Authority and VEDP of the Company’s achievement of the Targets as of the Performance Date. This Final Performance Report shall be filed within 90 days after the Performance Date. Should the Company be unable to file the Final Performance Report within the 90-day timeframe, the Company may request a 60-day delay in filing the Final Performance Report. VEDP will require a $3,000 fee, payable to VEDP, to process the request for the filing delay. Should the Company not file the Final Performance Report within the 90-day window nor request a filing delay (including payment of the required fee), or if the Company requests a filing delay but does not file the Final Performance Report prior to the new filing deadline, VEDP will withhold any COF Grant payment that might otherwise be due, and all rights of the Company under this Agreement will automatically terminate. Section 6. Verification of Targets. (a) Verification of Capital Investment: The Company hereby authorizes the Locality, including the Locality’s Commissioner of the Revenue and Treasurer, to release to VEDP the Company’s real estate tax, business personal property tax and machinery and tools tax information. Such information shall be marked and considered confidential and proprietary and shall be used by VEDP solely for verifying satisfaction of the Capital Investment Target . If the Locality, the Office of the Commissioner of the Revenue or the Office of the Treasurer should require additional documentation or consents from the Company to access such information, the Company shall promptly provide, at the Company’s expense, such additional documentation or consents as the Locality or VEDP may request. In accordance with § 58.1-3122.3 of the Code of Virginia, VEDP is entitled to receive the Company’s real estate tax, business personal property tax and machinery and tools tax information from the Locality’s Commissioner of the Revenue. (b) Verification of New Jobs and Wages: The Company must submit a copy of its four most recent Employer’s Quarterly Tax Reports (Form FC-20) with the Virginia Employment Commission with the Final Performance Report. The forms shall be marked and considered confidential and proprietary and shall be used by VEDP solely for verifying satisfaction of the New Jobs Target. In accordance with § 60.2-114 of the Code of Virginia, VEDP is entitled to 8 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 receive the Company’s employment level and wage information from the Virginia Employment Commission. The Company agrees that it will report to the Virginia Employment Commission with respect to its employees at a facility-level, rather than at the company-level. (c) Additional Documentation: In addition to the verification data described above, in the sole discretion of the Locality, the Authority or VEDP, the Locality, the Authority or VEDP, may each require such other documentation or audits as may be required to properly verify the Capital Investment or New Jobs. Section 7. Possible Termination of this Agreement and Redeployment of COF Grant Proceeds. If the Locality, the Authority or VEDP shall determine at any time prior to the Performance Date that the Company is unable or unwilling to meet and Maintain its Targets by and through the Performance Date, and if the Locality, the Authority or VEDP shall have promptly notified the Company of such determination, this Agreement will be terminated, no further disbursements of the COF Grant proceeds will be made to the Company, and the amount not disbursed will be retained in the Fund and made available for other economic development projects. Such a determination will be based on such circumstances as a filing by or on behalf of the Company under the U.S. Bankruptcy Code, issuance of a notice under the Worker Adjustment and Retraining Notification Act (29 U.S.C. §§ 2101 et seq.), the liquidation of the Company, an abandonment of the Facility by the Company, a failure to comply with the covenant provided in Section 2(f), or other similar significant event that demonstrates that the Company will be unable or is unwilling to satisfy the Targets for the COF Grant. Section 8. Notices. Formal notices and communications between the parties shall be given either by (i) personal service, (ii) delivery by a reputable document delivery service that provides a receipt showing date and time of delivery, (iii) mailing utilizing a certified or first class mail postage prepaid service of the United States Postal Service that provides a receipt showing date and time of delivery, or (iv) delivery by electronic mail (email) with transmittal confirmation and confirmation of delivery, addressed as noted below. Notices and communications personally delivered or delivered by document delivery service shall be deemed effective upon receipt. Notices and communications mailed shall be deemed effective on the second business day following deposit in the United States mail. Notices and communications delivered by email shall be deemed effective the next business day, not less than 24 hours, following the date of transmittal and confirmation of delivery to the intended recipient. Such written notices and communications shall be addressed to: if to the Company, to: with a copy to: Elbit Systems of America Warfighter Systems 7635 Plantation Road Roanoke, VA 24019 Elbit Systems of America 4700 Marine Creek Parkway Fort Worth, TX 76136 Email: Benjamin.kohr@elbitsystems-us.com 9 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 Email: erik.fox@elbitsystems-us.com Attention: Erik Fox / General Manager Attention: Benjamin Kohr / General Counsel if to the Locality, to: County of Roanoke, Virginia 5204 Bernard Dr. Roanoke, VA 24018 Email: rcaywood@roanokecountyva.gov Attention: Richard Caywood if to the Authority, to: Economic Development Authority of Roanoke County, Virginia 5204 Bernard Dr. Roanoke, VA 24018 Email: mbaker@roanokecountyva.gov Attention: Megan Baker if to VEDP, to: with a copy to: Virginia Economic Development Partnership One James Center, Suite 900 901 East Cary Street Richmond, Virginia 23219 Email: ceo@vedp.org Attention: President and CEO Virginia Economic Development Partnership One James Center, Suite 900 901 East Cary Street Richmond, Virginia 23219 Email: generalcounsel@vedp.org Attention: General Counsel Each party may change the address for service of notice upon it by a notice in writing to the other parties hereto. Section 9. Miscellaneous. (a) Entire Agreement; Amendments: This Agreement constitutes the entire agreement among the parties hereto as to the COF Grant and may not be amended or modified, except in writing, signed by each of the parties hereto. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. The Company may not assign its rights and obligations under this Agreement without the prior written consent of the Locality, the Authority and VEDP. (b) Governing Law; Venue: This Agreement is made, and is intended to be performed, in the Commonwealth and shall be construed and enforced by the laws of the Commonwealth. Jurisdiction and venue for any litigation arising out of or involving this Agreement shall lie in the Circuit Court of the City of Richmond, and such litigation shall be brought only in such court. 10 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 (c) Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be an original, and all of which together shall be one and the same instrument. (d) Severability: If any provision of this Agreement is determined to be unenforceable, invalid or illegal, then the enforceability, validity and legality of the remaining provisions will not in any way be affected or impaired, and such provision will be deemed to be restated to reflect the original intentions of the parties as nearly as possible in accordance with applicable law. (e) Attorney’s Fees: Attorney’s fees shall be paid by the party incurring such fees. (f) Force Majeure: Notwithstanding the foregoing provisions of this Agreement, if the Company does not achieve a Target or take any action required under this Agreement because of an “Event of Force Majeure” (as defined below), the time for achieving the applicable Target or taking such action will be extended day-for-day by the delay in meeting the applicable Target or taking such action caused by the Event of Force Majeure. “Event of Force Majeure” means without limitation, any of the following: acts of God; strikes, lockouts or other industrial disturbances; act of public enemies; orders of any kind of the government of the United States of America or of the Commonwealth or any of their respective departments, agencies, political subdivisions or officials, or any civil or military authority; insurrections; riots; epidemics; pandemics; landslides; lightning; earthquakes; fires; hurricanes; tornadoes; storms; floods; washouts; droughts; arrests; restraint of government and people; civil disturbances; explosions; breakage or accident to machinery, transmission pipes or canals not caused by the Company; partial or entire failure of utilities; or any other cause or event not reasonably within the control of the Company. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 11 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 IN WITNESS WHEREOF, this Agreement will become effective as of the date of the last signature below. The date on which the final party signs this Agreement, as indicated next to or below that party’s signature, will be considered the “Effective Date.” COUNTY OF ROANOKE, VIRGINIA By Name: Title: Date: _________________________ ECONOMIC DEVELOPMENT AUTHORITY OF THE COUNTY OF ROANOKE, VIRGINIA By Name: Title: Date: _________________________ ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC By Name: Benjamin Kohr Title: SVP and General Counsel Date: _________________________ VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP AUTHORITY By Name: Jason El Koubi Title: President and CEO Date: _________________________ Exhibit A: Performance Report Form Exhibit B: Final Performance Report Form 12 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 Exhibit A PERFORMANCE REPORT COMMONWEALTH’S DEVELOPMENT OPPORTUNITY FUND PROJECT SUMMARY: Project Location Amount of Grant Performance Reporting Period Performance Date PROJECT PERFORMANCE: Performance Measurement Target As of _______ % Complete New Jobs (over ___ baseline)1 Confidence level target will be reached by Performance Date shown above (check one) High ☐ Moderate ☐ Low ☐ Capital Investment (provide breakdown below) Confidence level target will be reached by Performance Date shown above (check one) High ☐ Moderate ☐ Low ☐ Average Annual Wage N/A Confidence level target will be reached by Performance Date shown above (check one) High ☐ Moderate ☐ Low ☐ Standard Fringe Benefits (check one) Yes ☐ No ☐ N/A 1Data will be verified using Virginia Employment Commission records. Attach the company’s four most recent Quarterly Tax Reports (Form FC-20) filed with the Virginia Employment Commission. 13 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 Capital Investment Breakdown Amount Land $ Land Improvements New Construction or Expansion Renovation or Building Up-fit Production Machinery and Tools Furniture, Fixtures and Equipment Other Total $ COMMENTS: Discuss project status, including the current level of new jobs and capital investment, progress on targets, changes or likely changes in project’s nature that may impact achievement of targets, and other information relevant to project performance. If the project is not on track to meet targets, please provide an explanation. TO BE CERTIFIED BY AN OFFICER OF THE COMPANY: I certify that I have examined this report and to the best of my knowledge and belief, it is true, correct, and complete. Company: Submitted By: Signature of Official Name: Print Name Title: Date: _________________________ Please return to: Kim Ellett, Director of Compliance, Virginia Economic Development Partnership, 804.545.5618, kellett@vedp.org 14 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 Exhibit B FINAL PERFORMANCE REPORT COMMONWEALTH’S DEVELOPMENT OPPORTUNITY FUND PROJECT SUMMARY: Project Location Amount of Grant Performance Date PROJECT PERFORMANCE:1 Performance Measurement Target As of ________, 20__ % Complete New Jobs (over baseline)2 Capital Investment (provide breakdown below)3 Average Annual Wage N/A Standard Fringe Benefits 1Final, actual performance will be reported on VEDP’s public reporting website. 2 Attach the company’s four most recent Quarterly Tax Reports (Form FC-20) filed with the Virginia Employment Commission. 3 Data will be verified using records from the Commissioner of the Revenue and invoices. Capital Investment Breakdown Amount Land $ Land Improvements New Construction or Expansion Renovation or Building Up-fit Production Machinery and Tools Furniture, Fixtures and Equipment Other Total $ 15 Elbit Systems of America COF Performance Agreement DRAFT 1 1.3.25 LOCAL MATCH: Goal Actual COMMENTS: Discuss Project status or the importance of the Project to the locality and region. TO BE CERTIFIED BY AN OFFICER OF THE COMPANY: I certify that I have examined this report and to the best of my knowledge and belief, it is true, correct, and complete. Company: Submitted By: Signature of Official Name: Print Name Title: Date: _________________________ Please return to: Kim Ellett, Director of Compliance, Virginia Economic Development Partnership, 804.545.5618, kellett@vedp.org 1 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 PERFORMANCE AGREEMENT This PERFORMANCE AGREEMENT (the “Agreement”) is entered into by and among the COUNTY OF ROANOKE, VIRGINIA (the “Locality”), a political subdivision of the Commonwealth of Virginia (the “Commonwealth”), ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC, a Delaware limited liability company authorized to transact business in the Commonwealth (the “Company”), and the ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA (the “Authority”), a political subdivision of the Commonwealth. The effective date of this agreement shall be the date on which all parties to the agreement have signed it, as established by the dates associated with each party’s signature. WITNESSETH: WHEREAS, the Company desires to expand its manufacturing production, located at 7625 Plantation Rd. and 7767 Lila Dr., Roanoke, Virginia, in Roanoke County (Tax Map #027.06-05-15.00-0000 and #027.06-05-14.01-0000) (the “Facility”), the expansion of which, together with the creation and maintenance of new jobs, shall hereafter be referred to as the “Project”; and WHEREAS, the Project is anticipated to entail a capital investment by the Company of $30,216,548, in the following categories and according to the following timeline, and shall be based upon capital investment made on or after June 1, 2025: 2025 2026 2027 2028 TOTAL Building Construction/ Upfits $200,000 $987,542.48 $1,626,394.05 $1,615,731.46 $4,429,668 Production- Related Machinery and Tools $4,000,000 $4,705,639.93 $4,373,605.95 $5,884,268.54 $18,693,514 Taxable Personal Property – Furniture, Fixtures and Equipment $2,300,000 $3,523,365.59 $1,000,000 $0.00 $6,823,366 Total Annual Qualifying Investment $6,500,000 $9,216,548 $7,000,000 $7,500,000 Cumulative Qualifying Investment $6,500,000 $15,716,548 $22,716,548 $30,216,548 2 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 ; and WHEREAS, the Project will further entail the creation and maintenance of 288 new full- time jobs (“New Jobs”) at the Facility, the creation of which is anticipated to be according to the following timeline, and shall be based upon New Jobs created on or after June 1, 2025: 2025 2026 2027 2028 TOTAL Total Annual Creation of New Jobs 25 80 85 98 288 Cumulative New Jobs Created and Maintained 25 105 190 288 ; and WHEREAS, the stimulation of the additional tax revenue and economic activity to be generated by the Capital Investment and New Jobs constitutes a valid public purpose for the expenditure of public funds. NOW, THEREFORE, in consideration of the foregoing, the mutual benefits, promises and undertakings of the parties to this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: Section 1. Definitions. For the purposes of this Agreement, the following terms shall have the following definitions: A. “Average Annual Wage” means the average annual salary of the New Jobs at the Facility determined by dividing total payroll (of a type included in W-2 compensation) provided to new full-time employees at the Facility by the number of New Jobs at the Facility. B. “Capital Investment” means a capital expenditure by or on behalf of the Company in taxable real property, taxable tangible personal property, or both, at the Facility. The purchase of production-related machinery and tools, business personal property, and expected building construction, expansion, improvement, and up-fit by or on behalf of the Company will qualify for inclusion in the Capital Investment. The Capital Investment must be in addition to any capital improvements made at the Facility prior to June 1, 2025. 3 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 C. “Capital Investment Targets” means that the Company has made or caused to be made and retained Capital Investments meeting or exceeding the annual amounts as set forth below in Section 2. D. “Incentive Grants” means the payment of annual economic development incentive grants, in amounts equal to the Company’s “Net New Tax Revenues,” which means the total of (i) all new real estate taxes generated annually by the Company’s operations taking place at the Facility above baseline local real estate taxes collected in the year prior to the Project Start Date, calendar year 2024, plus (ii) all new machinery and tools taxes and other business personal property taxes generated annually by the Company’s operations taking place at the Facility that did not exist prior to the initiation of the Project. E. “Maintain” or “Maintenance” of the New Jobs means that the New Jobs will continue in effect, without interruption, from the date of creation through the term of this Agreement, which is the end of calendar year 2030. Positions for the New Jobs will be treated as Maintained during periods in which such positions are not filled due to (i) temporary reductions in the Company’s employment levels (so long as there is active recruitment for open positions), (ii) strikes, and (iii) other temporary work stoppages. F. “New Job” means new permanent full-time employment of an indefinite duration at the Facility for which the standard fringe benefits are provided by the Company for the employee, and for which the Company pays an Average Annual Wage of at least $68,134. No job shall be counted as a New Job for purposes of determining full or partial achievement of the New Jobs Target if its inclusion in the calculation of the Average Annual Wage causes the Average Annual Wage to be less than $68,134. Each New Job must require a minimum of either (i) 35 hours of an employee’s time, per week, for the entire normal year of the Company’s operations, which “normal year” must consist of at least 48 weeks, or (ii) 1,680 hours per year . Seasonal or temporary positions, positions created when a job function is shifted from an existing location in the Commonwealth, and positions with construction contractors, vendors, suppliers and similar multiplier or spin-off jobs shall not qualify as New Jobs. The New Jobs must be in addition to the Company’s 725 full-time jobs in the Commonwealth as of June 1, 2025. G. “New Jobs Targets” means that the Company has created and Maintained New Jobs meeting or exceeding the annual amounts as set forth below in Section 2. H. “Project Start Date” means June 1, 2025. I. “Targets” means the Capital Investment Targets and the New Jobs Targets, which will be set forth hereafter. Section 2. Conditions and Procedures for Payment of the Incentive Grant. A. Beginning in the calendar year following the Project Start Date, calendar year 2026, and subject to annual appropriation by the Roanoke County Board of Supervisors, the County shall appropriate to the Authority, in six (6) annual installments (the final grant 4 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 payment to be remitted in calendar year 2031), sums sufficient to fund the Incentive Grant in accordance with this Section. B. The total Incentive Grant shall not exceed one million, two hundred thousand dollars ($1,200,000), payable as an economic development incentive grant in annual amounts equal to annual Net New Local Tax Revenues generated by the Project, subject to the Company’s achievement of both the Capital Investment Targets and the New Jobs Targets, as set forth herein. For each year of this Agreement, eighty percent (80%) of the economic development incentive grant shall be based upon achievement of the Capital Investment Targets set forth below, and twenty percent (20%) of the economic development incentive grant shall be based on the achievement of the New Jobs Targets set forth below. C. Capital Investment Targets As set forth in the recitals to this Agreement, the Company intends to make a Capital Investment totaling thirty million, two hundred sixteen thousand, five hundred forty-eight dollars ($30,216,548) at the Facility. For purposes of qualifying for the annual incentive grant payments, the parties agree that for the first four (4) years of this agreement, the Company must make Capital Investments of at least 80% of the anticipated cumulative qualifying investment. Beginning in calendar years 2029 and 2030 (Years 5 and 6 of this Agreement), in order to qualify for the incentive grant payments, the Company’s collective Capital Investment must total at least $28,705,720 (approximately ninety-five percent (95%) of $30,216,548). The chart below is included for convenience in determining whether the Capital Investment Targets have been satisfied. 2025 2026 2027 2028 2029 - 2030 Cumulative Qualifying Investment $6,500,000 $15,716,548 $22,716,548 $30,216,548 Total of $30,216,547 Capital Investment Targets $5,200,000 $12,573,238 $18,173,238 $24,173,238 Total of at Least $28,705,720 (i) Capital Investment Target Achieved: For each year of this Agreement in which the Company achieves the Capital Investment Targets, the Company may receive an economic development incentive grant in the amount of eighty percent (80%) of the Net New Local Tax Revenues generated by the Company during that year. However, the total portion of the Economic Development Incentive Grant for all six years of this Agreement shall not exceed $960,000 (80% of $1,200,000). (ii) Capital Investment Target Not Achieved: For each year of this Agreement in which the Company does not achieve the Capital Investment Targets, the Company shall be ineligible to receive the portion of the annual economic development incentive grants allocated to achievement of the Capital Investment Targets. D. New Jobs Targets 5 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 As set forth in the recitals to this Agreement, the Company intends to create and Maintain two hundred eighty-eight (288) New Jobs at the Facility during the term of this Agreement. For purposes of qualifying for the annual incentive grant payments, the parties agree that for the first four (4) years of this agreement, the Company must create and maintain at least 80% of the Cumulative New Jobs pursuant to the timeline set forth in the recitals to this Agreement. Beginning in calendar years 2029 and 2030 (Years 5 and 6 of this Agreement), in order to qualify for the incentive grant payments, the Company must have collectively created and maintained at least 274 New Jobs (approximately 95% of 288). The below chart is included for convenience in determining whether the Total Cumulative New Jobs targets (the “New Jobs Targets”) have been met. 2025 2026 2027 2028 2029 - 2030 Total Cumulative New Jobs 25 105 190 288 288 New Job Targets 20 84 152 230 Total of at least 274 (i) New Jobs Targets Achieved: For each year of this Agreement in which the Company achieves the New Job Targets, the Company may receive an economic development incentive grant in the amount of twenty percent (20%) of the Net New Local Tax Revenues generated by the Company during that year. However, the total portion of the Economic Development Incentive Grant for all six years of this Agreement shall not exceed $240,000 (20% of $1,200,000). (ii) New Jobs Target Not Achieved: For each year of this Agreement in which the Company does not achieve the New Jobs Targets, the Company shall be ineligible to receive the portion of the annual economic development incentive grants allocated to achievement of the New Jobs Targets. Section 3. Company Reporting. During such time as this Agreement is in effect, within sixty (60) days of the end of each calendar year, the Company shall provide tax and job data (provided that any personally identifiable, private, confidential or other information Company is required by law to keep private shall be redacted) as may be reasonably required by the Authority, so that the Authority may calculate the actual Incentive Grant amounts. The Company hereby authorizes the Commissioner of the Revenue for Roanoke County, and the Commonwealth of Virginia, to release to the Authority and the County the Company’s tax and job data so that they may calculate the annual Incentive Grant amounts. The Authority shall pay the annual Incentive Grant amount to the Company at an address designated by the Company within thirty days after receipt by the Authority of the data. Section 4. Notices. 6 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 Formal notices and communications between the parties shall be given either by (i) personal service, (ii) delivery by a reputable document delivery service that provides a receipt showing date and time of delivery, (iii) mailing utilizing a certified or first class mail postage prepaid service of the United States Postal Service that provides a receipt showing date and time of delivery, or (iv) delivery by electronic mail (email) with transmittal confirmation and confirmation of delivery, addressed as noted below. Notices and communications personally delivered or delivered by document delivery service shall be deemed effective upon receipt. Notices and communications mailed shall be deemed effective on the second business day following deposit in the United States mail. Notices and communications delivered by email shall be deemed effective the next business day, not less than 24 hours, following the date of transmittal and confirmation of delivery to the intended recipient. Such written notices and communications shall be addressed to: If to the Company, to: with a copy to: Elbit Systems of America Warfighter Systems 7635 Plantation Road Roanoke, VA 24019 Email: erik.fox@elbitsystems-us.com Attention: Erik Fox / General Manager Elbit Systems of America 4700 Marine Creek Parkway Fort Worth, TX 76136 Email: Benjamin.kohr@elbitsystems-us.com Attention: Benjamin Kohr / General Counsel If to the Locality, to: County of Roanoke, Virginia 5204 Bernard Dr. Roanoke, VA 24018 Email: rcaywood@roanokecountyva.gov Attention: Richard Caywood If to the Authority, to: Economic Development Authority of Roanoke County, Virginia 5204 Bernard Dr. Roanoke, VA 24018 Email: mbaker@roanokecountyva.gov Attention: Megan Baker Section 5. Miscellaneous. A. The parties acknowledge that any payments of public funds are subject to future appropriations by the Roanoke County Board of Supervisors to the Authority. It is of course the intention of the Board of Supervisors, as presently constituted, to make all such appropriations as set forth in this Agreement. The Board of Supervisors does not anticipate that a future Board 7 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 would consider any other course of action but recognizes that, while it cannot legally dictate the actions of future Board members in such matters, the failure of future Boards to abide by the terms of this performance agreement could erode trust and deter future economic development in the County. Roanoke County is not aware of any past circumstances in which it has failed to make agreed upon incentive payments to a company who has met the requirements of a performance agreement. B. Entire Agreement; Amendments: This Agreement constitutes the entire agreement among the parties hereto and may not be amended or modified, except in writing, signed by each of the parties hereto. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. The Company may not assign its rights and obligations under this Agreement without the prior written consent of the Locality and the Authority. C. Governing Law; Venue: This Agreement is made, and is intended to be performed, in the Commonwealth and shall be construed and enforced by the laws of the Commonwealth. Jurisdiction and venue for any litigation arising out of or involving this Agreement shall lie exclusively with the Roanoke County Circuit Court, and such litigation shall be brought only in such court. D. Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be an original, and all of which together shall be one and the same instrument. E. Severability: If any provision of this Agreement is determined to be unenforceable, invalid or illegal, then the enforceability, validity and legality of the remaining provisions will not in any way be affected or impaired, and such provision will be deemed to be restated to reflect the original intentions of the parties as nearly as possible in accordance with applicable law. F. Attorney’s Fees: Attorney’s fees shall be paid by the party incurring such fees. G. Force Majeure: Notwithstanding the foregoing provisions of this Agreement, if the Company does not achieve a Target or take any action required under this Agreement because of an “Event of Force Majeure” (as defined below), the time for achieving the applicable Target or taking such action will be extended day-for-day by the delay in meeting the applicable Target or taking such action caused by the Event of Force Majeure. “Event of Force Majeure” means without limitation, any of the following: acts of God; strikes, lockouts or other industrial disturbances; act of public enemies; orders of any kind of the government of the United States of America or of the Commonwealth or any of their respective departments, agencies, political subdivisions or officials, or any civil or military authority; insurrections; riots; epidemics; pandemics; landslides; lightning; earthquakes; fires; hurricanes; tornadoes; storms; floods; washouts; droughts; arrests; restraint of government and people; civil disturbances; explosions; breakage or accident to machinery, transmission pipes or canals not caused by the Company; partial or entire failure of utilities; or any other cause or event not reasonably within the control of the Company. 8 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 9 Elbit Systems of America COF Performance Agreement DRAFT 3.10.26 IN WITNESS WHEREOF, this Agreement will become effective as of the date of the last signature below. The date on which the final party signs this Agreement, as indicated next to or below that party’s signature, will be considered the “Effective Date.” COUNTY OF ROANOKE, VIRGINIA By Name: Title: Date: _________________________ Approved as to form: ______________________ County Attorney ECONOMIC DEVELOPMENT AUTHORITY OF THE COUNTY OF ROANOKE, VIRGINIA By Name: Title: Date: _________________________ Approved as to form: ______________________ Counsel ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC By Name: Benjamin Kohr Title: SVP and General Counsel Date: _________________________ Page 1 of 3 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7th, 2026 RESOLUTION AUTHORIZING ECONOMIC DEVELOPMENT INCENTIVE AGREEMENTS WITH (1) THE COUNTY OF ROANOKE, THE ROANOKE COUNTY ECONOMIC DEVELOPMENT AUTHORITY, AND ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC; AND (2) THE COUNTY OF ROANOKE, THE VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP AUTHORITY, THE ROANOKE COUNTY ECONOMIC DEVELOPMENT AUTHORITY, AND ELBIT SYSTEMS OF AMERICA – NIGHT VISION LLC WHEREAS, Elbit Systems of America -- Night Vision LLC operates a manufacturing facility in Roanoke County that produces advanced night vision and optical systems used by U.S. military and defense partners. As part of Elbit Systems of America, headquartered in Fort Worth, Texas, the company supports national security through the production of high-performance technologies. The company is expanding its Roanoke County Operations, increasing production capacity and workforce to meet growing demand; and WHEREAS, In support of the expansion, there are two proposed economic development incentive agreements: (1) the County of Roanoke, the Roanoke County Economic Development Authority and Elbit Systems of America - Night Vision LLC (the "Local Incentive Agreement"); and (2) the County of Roanoke, the Virginia Economic Development Partnership Authority, the Roanoke County Economic Development Authority, and Elbit Systems of America - Night Vision LLC (the "State Incentive Agreement"); and WHEREAS, Elbit Systems of America intends to make a capital investment of approximately $30,216,548 million, of which approximately $18,695,933 will be invested in machinery and tools, approximately $6,900,000 will be invested in furniture, fixtures Page 2 of 3 and business personal property, and approximately $4,620,614 will be invested in the construction, expansion, and up-fit of the buildings for the facility. The expansion, equipping, and operation of the facility will entail the creation and maintenance of 288 new jobs at the facility with an average salary of $68,134 ; and WHEREAS, The Local Incentive Agreement offers reimbursement of new tax revenues generated by the project over a six-year period, with a total estimated value of $1,200,000. Incentive payments are performance -based, with 80% tied to capital investment and 20% tied to job creation. The Company must meet annual cumulative capital investment and job creation thresholds (80% years 1- 4 and 95% years 5 - 6) to be eligible for payments; and WHEREAS, The State Incentive Agreement includes up to $1,200,000 from the Commonwealth’s Opportunity Fund (the “COF Grant”), $288,000 from the Virginia Jobs Investment Program (the “VJIP Grant”), and $300,000 from the Virginia Investment Performance Grant (the “VIP Grant”). The COF Grant will be disbursed after the required capital investment and job creation targets are met, as verified following the December 31, 2029 performance date, with payments anticipated to begin in 2030. The VIP Grant may be distributed as soon as performance targets are met. The VJIP Grant is paid as the company creates jobs, beginning after the Company has created at least 25 new jobs and made a capital investment of at least $1 million. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of Roanoke County, as follows: 1. The Board authorizes the County Administrator, Deputy County Administrator, or Assistant County Administrator to execute the above - Page 3 of 3 described Local and State Incentive Agreements, in substantially the same form as today presented, with any minor amendments that may be approved as to form by the County Attorney. 2. This resolution shall take effect immediately upon its adoption. Page 1 of 2 ACTION NO. ITEM NO. D.1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Public hearing for citizen comments on the following items: Calendar Year 2026 Real Estate, Personal Property and Machinery and Tools Tax Rates SUBMITTED BY: Laurie Gearheart Chief Financial Officer APPROVED BY: Richard L. Caywood County Administrator ISSUE: Conduct a public hearing to receive citizen comment on the Calendar Year 2026 Real Estate, Personal Property and Machinery and Tools Tax rates. BACKGROUND: State Code requires a public hearing in advance of the adoption of tax rates. This public hearing satisfies that requirement. DISCUSSION: The public hearing scheduled for April 7, 2026, is to receive written and oral comments on setting the tax rates for calendar year 2026 to support the fiscal year 2026 -2027 operating budget. The public hearing was advertised on March 24 and March 31, 2026, thereby satisfying State code requirements for public notice. Page 2 of 2 FISCAL IMPACT: There is no fiscal impact associated with this public hearing. STAFF RECOMMENDATION: Staff recommends conducting the public hearing to satisfy State code requirements and receive citizen comment on the Calendar Year 2026 Real Estate, Personal Property and Machinery and Tools Tax rates. Page 1 of 2 ACTION NO. ITEM NO. D.2 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Request to adopt the following taxes rates: (a) Resolution setting the tax rate on Real Estate in the County of Roanoke for the calendar year 2026; (b) Resolution setting the tax levy on Personal Property situate in the County of Roanoke for the calendar year 2026; (c) Resolution setting the tax levy on a classification of personal property - Machinery and Tools - situate in the County of Roanoke for calendar year 2026 SUBMITTED BY: Laurie Gearheart Chief Financial Officer APPROVED BY: Richard L. Caywood County Administrator ISSUE: Board of Supervisors adoption of calendar year 2026 tax rates to support the fiscal year 2026-2027 operating budget. BACKGROUND: As part of the annual budget development process, the Board of Supervisors is required to adopt tax rates to support the operating budget. The adoption of calendar year 2026 tax rates will support the fiscal year 2026-2027 operating budget. DISCUSSION: Proposed tax rates for the twelve month period beginning January 1, 2026 and ending December 31, 2026, were advertised on March 24 and March 31, 2026 as follows: a. Real Estate Tax at a rate of not more than $1.03 per one hundred dollars assessed valuation b. Personal Property Tax at a rate of not more than $3.40 per one hundred dollars Page 2 of 2 assessed valuation c. Machinery and Tools Tax at a rate of not more than $2.80 per one hundred dollars assessed valuation. The County Administrator's Fiscal Year 2026-2027 Proposed Budget was shared with the Board during a briefing on March 24, 2026, and was based on the following tax rates: Real Estate Tax rate of $1.03 per one hundred dollars of assessed value Personal Property Tax rate of $3.40 per one hundred dollars of assessed value Machinery and Tools Tax rate of $2.80 per one hundred dollars of assessed value A public hearing for citizen comment on the tax rates was held on April 7, 2026. A public hearing for citizen comment on the proposed fiscal year 2026-2027 operating budget and proposed fiscal year 2027-2036 Capital Improvement Program will be held on April 28, 2026. FISCAL IMPACT: Fiscal impact will be determined if the Board of Supervisors adopts tax rates that differ from Calendar Year 2025 tax rates. STAFF RECOMMENDATION: Staff recommends the Board of Supervisors adopt the attached resolutions for the calendar year 2026 tax rates. Page 1 of 1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION SETTING THE TAX RATE ON REAL ESTATE SITUATE IN ROANOKE COUNTY FOR THE CALENDAR YEAR 2026 BE IT ORDERED by the Board of Supervisors of Roanoke County, Virginia, that the levy for the twelve-month period beginning January 1, 2026, and ending December 31, 2026, be, and hereby is, set for a tax rate of $1.03 per one hundred dollars of assessed valuation on all taxable real estate and mobile homes classified by Sections 58.1 -3200, 58.1-3201, 58.1-3506.A.8, and 58.1-3506.B of the 1950 Code of Virginia, as amended, situate in Roanoke County. Page 1 of 1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION SETTING THE TAX LEVY ON PERSONAL PROPERTY SITUATE IN ROANOKE COUNTY FOR THE CALENDAR YEAR 2026 BE IT RESOLVED by the Board of Supervisors of Roanoke County, Virginia, as follows: 1.That the levy for the twelve-month period beginning January 1, 2026, and ending December 31, 2026, be, and hereby is, set for a tax rate of $3.40 per one hundred dollars of assessed valuation on all taxable, tangible personal property, excluding that class of personal property generally designated as machinery and tools as set forth in Section 58.1-3507 of the 1950 Code of Virginia, as amended, and excluding all those classes of household goods and personal effects as are defined in Sections 58.1 -3504 and 58.1-3505 of the 1950 Code of Virginia, as amended, but including the property separately classified by Sections 58.1-3500, 58.1-3501, 58.1-3502, 58.1-3506 in the 1950 Code of Virginia, as amended, of public service corporations based upon the assessed value thereof fixed by the State Corporation Commission and duly certified. Page 1 of 1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION SETTING THE TAX LEVY ON A CLASSIFICATION OF PERSONAL PROPERTY - MACHINERY AND TOOLS - SITUATE IN ROANOKE COUNTY FOR THE CALENDAR YEAR 2026 BE IT ORDERED by the Board of Supervisors of Roanoke County, Virginia, as follows: 1. That there be, and hereby is, established as a separate class of personal property in Roanoke County those items of personal property set forth in Section 58.1 - 3507 of the 1950 Code of Virginia, as amended, and generally designated as machinery and tools. 2. That the levy for the twelve-month period beginning January 1, 2026, and ending December 31, 2026, be, and hereby is, set for a tax rate of $2.80 per one hundred dollars of assessed valuation on all taxable, tangible personal property as herein established as a separate classification for tax purposes and as more fully defined by Section 58.1-3507 of the 1950 Code of Virginia, as amended, and generally designated as machinery and tools. Page 1 of 1 A T A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION APPROVING AND CONCURRING IN CERTAIN ITEMS SET FORTH ON THE BOARD OF SUPERVISORS AGENDA FOR THIS DATE DESIGNATED AS ITEM E - CONSENT AGENDA BE IT RESOLVED by the Board of Supervisors of Roanoke County, Virginia, as follows: That the certain section of the agenda of the Board of Supervisors for April 7, 2026, designated as Item E - Consent Agenda be, and hereby is, approved and concurred in as to each item separately set forth in said section designated Items 1 through 5 inclusive, as follows: 1.Approval of minutes – March 24, 2026 2.Observance and Proclamation of Thursday, April 23, 2026, as National Arbor Day in Roanoke County. 3.Ordinance approving the disposition of real estate located at 6697 Mount Chestnut Road, Roanoke VA 24018 (Roanoke County Tax Parcel Id Number 075.00-02- 36.00-0000). (First Reading and Request for Second Reading and Public Hearing) 4.Ordinance approving the disposition of real estate located at 3319 Westmoreland Drive, Roanoke VA 24018 (Roanoke County Tax Parcel Id Number 077.13-05- 31.00-0000) and 3323 Westmoreland Drive, Roanoke VA 24018 (Roanoke County Tax Parcel Id Number 077.13-05-30.00-0000). (First Reading and Request for Second Reading and Public Hearing) 5.Proclamation declaring April 12-18, 2026, as National Public Safety Telecommunicators Week in the County of Roanoke. Page 1 of 6 Please Note: There is no 6:00 p.m. evening session because there are no public hearings scheduled. The Board of Supervisors of Roanoke County, Virginia met this day at the Roanoke County Administration Center, this being the second regularly scheduled meeting of the month of March 2026. Audio and video recordings of this meeting will be held on file for a minimum of five (5) years in the office of the Clerk to the Board of Supervisors. Before the meeting was called to order, an invocation/a moment of silence was observed. The Pledge of Allegiance was recited by all present. A.OPENING CEREMONIES 1.Roll Call Present: Supervisors Radford, Hooker, North, Mahoney, Shepherd Absent: None Staff Present: Richard L. Caywood, County Administrator; Doug Blount, Deputy County Administrator; Madeline Hanlon, Assistant County Administrator, Peter S. Lubeck, County Attorney; Amy Whittaker, Public Information Officer and Rhonda D. Perdue, Chief Deputy Clerk to the Board B.REQUESTS TO POSTPONE, ADD TO OR CHANGE THE ORDER OF AGENDA ITEMS Mr. Caywood alerted the Board there may be an adjustment in the order of agenda for items J & K due to the arrival of a work session guest and would update the Board at the close of this portion of today’s meeting. C. PROCLAMATIONS, RESOLUTIONS RECOGNITIONS AND AWARDS Action No. 032426-1 Item C.1 1.Resolution to recognize a Roanoke County Employee for exemplary service to Roanoke County. (Richard L. Caywood, County Administrator) Roanoke County Board of Supervisors Minutes March 24, 2026 – 2:00 p.m. Page 2 of 6 Supervisor North moved to adopt the resolution. Supervisor Hooker seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None D. BRIEFING 1. Presentation of the Proposed Fiscal Year 2026-2027 Operating Budget and Proposed Fiscal Year 2027-2036 Capital Improvement Program. (Richard L. Caywood, County Administrator) Briefing was given by Mr. Caywood. E. APPOINTMENTS Action No. 032426-2 Item E.1-4 1. Court Community Correction Alcohol Safety Action Program (ASAP) Policy Board: Michael Poindexter – term expires June 30, 2028 2. Court Community Corrections Regional Drug Court Advisory Board: Eric Orange – term to expire June 30, 2028 3. Court Community Corrections Program - Regional Community Criminal Justice Board (At-Large) Eric Orange – term to expire June 30, 2028 4. Roanoke Valley Regional Cable Television Committee (At-Large) David R. Jones – term to expire March 24, 2029 Supervisor Hooker moved to approve all appointments. Supervisor Mahoney seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None F. CONSENT AGENDA Action No. 032426-3.a-i Item F.1-9 ALL MATTERS LISTED UNDER THE CONSENT AGENDA ARE CONSIDERED BY THE BOARD TO BE ROUTINE AND WILL BE ENACTED BY ONE RESOLUTION IN THE FORM OR FORMS LISTED BELOW. IF DISCUSSION IS DESIRED, THAT Page 3 of 6 ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND WILL BE CONSIDERED SEPARATELY Action No. 032426-3.a Item F.1 1. Approval of minutes – March 10, 2026 Action No. 032426-3.b Item F.2 2. Ordinance Accepting and Appropriating $25,000.00 from the Virginia Department of Criminal Justice Services, FY2026 Unmanned Aircraft Trade and Replace Grant Program. (Second Reading) Action No. 032426-3.c Item F.3 3. Ordinance to accept and appropriate grant funds in the amount of $23,471.79 from Virginia 9-1-1 Services Board for Next Gen 9-1-1 hardware. (Second Reading) Action No. 032426-3.d Item F.4 4. The petition of Old Orchard Farm, LLC, to rezone approximately 250 acres from R-1, Low Density Residential District, and R-2, Medium Density Residential District, to AR, Agricultural/Residential District, located at 7015 and 7131 Old Mountain Road, Hollins Magisterial District. (First Reading and Request for Second Reading and Public Hearing) Action No. 032426-3.e Item F.5 5. The petition of Scott & Heather Thompson to rezone approximately 44.33 acres from R-1S, Low Density Residential District with special use permit, to AR, Agricultural/Residential District, located at 3525, 3529, and 3499 Harborwood Road, Catawba Magisterial District. (First Reading and Request for Second Reading and Public Hearing) Action No. 032426-3.f Item F.6 6. The petition of Tina Arcuri to amend a special use permit condition regarding freestanding signage on approximately 10.54 acres of land zoned C-2CS, High Intensity Commercial District with conditions and special use permit, located at 917 North Electric Road, Catawba Magisterial District. (First Reading and Request for Second Reading and Public Hearing) Action No. 032426-3.g Item F.7 7. Request to accept and allocate $24,673 in grant funds from the Virginia Department of Fire Programs Mini-Grant Program. Page 4 of 6 Action No. 032426-3.h Item F.8 8. Resolution Approving the County's Participation in the Proposed Combined Settlement Agreement Resolving Opioid-Related Claims Against Associated Pharmacies, Inc. (and American Associated Pharmacies); JM Smith Corporation; Louisiana Wholesale Drug Company, Inc; and United Natural Foods, Inc. (Including its Subsidiaries Supervalu and Advantage Logistics) (Collectively Referred to as the Six Remnant Defendants), and Directing the County Attorney to Execute the Documents Necessary to Effectuate the County's Participation in the Settlement. Action No. 032426-3.i Item F.9 9. Request to accept and allocate an additional $35,000 from the Department of Juvenile Justice for the FY2026 Virginia Juvenile Community Crime Control (VJCCCA) grant budget for the purpose of detention alternative programs. Supervisor Mahoney moved to adopt all matters on the consent agenda. Supervisor North seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None G. CITIZENS' COMMENTS AND COMMUNICATIONS This time has been set aside for Roanoke County citizens to address the Board on matters of interest or concern. Roanoke County citizens are defined as current residents of Roanoke County. While the Board desires to hear from all who desire to speak, this agenda item is limited to a duration of 30 minutes. Each individual speaker shall be afforded 3 minutes to speak No citizens were present. H. REPORTS Action No. 032426-4 Item H.1-6 1. Unappropriated Balance, Board Contingency and Capital Reserves Report 2. Outstanding Debt Report 3. Comparative Statement of Budgeted and Actual Revenues as of February 28, 2026 4. Comparative Statement of Budgeted and Actual Expenditures and Encumbrances as of February 28, 2026 5. Accounts Paid – February 2026 Page 5 of 6 6. Statement of the Treasurer’s Accountability per Investment and Portfolio Policy, as of February 28, 2026 Supervisor Radford moved to receive and file the reports that have been included with the agenda under Item H. Supervisor North seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None I. REPORTS AND INQUIRIES OF BOARD MEMBERS 1. Martha B. Hooker 2. Paul M. Mahoney 3. David F. Radford 4. Phil C. North 5. Tammy E. Shepherd Supervisors were offered the opportunity to share comments and provide updates to their peers and the public on items of interest to them. J. WORK SESSION 1. Joint work session with the South Peak Community Development Authority (CDA) Board of Directors. K. CLOSED MEETING Action No. 032426-5 1. Section 2.2-3711(A)(5) of the Code of Virginia, for discussion concerning a prospective business or industry or the expansion of an existing business or industry where no previous announcement has been made of the business’ or industry’s interest in locating or expanding its facilities in the community. The Board will discuss potential business location or expansion in the five magisterial districts. Supervisor Shepherd moved to go to closed session. Supervisor North seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None Mr. Caywood updated the Board that Closed Session would be held first, then followed by the Work Session. Page 6 of 6 L. CERTIFICATION RESOLUTION Action No. 032426-6 In the closed session just concluded, nothing was discussed except the matter which was identified in the motion to convene in closed session. Only those matters lawfully permitted to be discussed under the Virginia Freedom of Information Act were discussed. Supervisor North moved to adopt the certification resolution. Supervisor Hooker seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None M. ADJOURNMENT Action No. 032426-7 Supervisor North moved to adjourn the meeting. Supervisor Mahoney seconded the motion. Motion approved. Ayes: Supervisors Radford, Hooker, North, Mahoney, Shepherd Nays: None Submitted by: Approved by: __________________________ __________________________ Richard L. Caywood Tammy E. Shepherd Clerk to the Board of Supervisors Chairman Page 1 of 2 ACTION NO. ITEM NO. E.2 MEETING DATE: AGENDA ITEM: SUBMITTED BY: APPROVED BY: ISSUE: BACKGROUND: anniversary of Arbor Day. The Arbor Day Foundation, is the nation’s largest nonprofit program’s following four requirements: The funding for this year’s Roanoke County’s Arbor Day planting is provided through the Page 2 of 2 and citizen involvement in creating and supporting long-term and sustained tree canopy cover. Arbor Day celebrations enable local governments to raise public awareness about the benefits of planting trees for the health of our streams and rivers. DISCUSSION: Roanoke County will observe National Arbor Day on Thursday, April 23, 2026, with a celebration at Mount Pleasant Library. The celebration will consist of a ceremonial tree planting, a presentation by State foresters on the importance of trees, and a program by students from Mount Pleasant Elementary School. Roanoke County encourages residents, businesses, and organizations to plant a tree in the community in honor of National Arbor Day. Cleaner air, improved storm water management, energy savings and increased property values are among the benefits enjoyed by Tree City USA communities. FISCAL IMPACT: The Virginia Trees for Clean Water program is a 50/50 matching grant with funds awarded on a reimbursement basis. Overhead costs for administering the grant will be incurred by the Roanoke Valley-Alleghany Regional Commission. Roanoke County's contribution will be $2,500 for labor costs associated with planting the trees at Mount Pleasant Library. These funds are available in the Planning Department's budget. STAFF RECOMMENDATION: Staff recommends that the Roanoke County Board of Supervisors proclaim, Thursday, April 23, 2026, as National Arbor Day in Roanoke County. Page 1 of 2 ACTION NO. ITEM NO. E.3 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: ORDINANCE APPROVING THE DISPOSITION OF REAL ESTATE LOCATED AT 6697 MOUNT CHESTNUT ROAD, ROANOKE VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 075.00-02-36.00-0000) SUBMITTED BY: Allen Hayes Parks, Recreation and Tourism APPROVED BY: Richard L. Caywood County Administrator ISSUE: The Roanoke County Board of Supervisors owns a 1.0 acre parcel with a residential cabin at 6697 Mount Chestnut Road (Roanoke County Tax Parcel ID Number 075.00 - 02-36.00-0000) that is currently vacant and not used for public purposes. BACKGROUND: As part of the acquisition of Happy Hollow Gardens, the Roanoke County Board of Supervisors acquired a parcel of land located at 6697 Mount Chestnut Road in the Windsor Hills Magisterial District of Roanoke County, Virginia (Roanoke County Tax Parcel ID Number 075.00-02-36.00-0000). The parcel is 1.0 acre in size, and includes a vacant cabin, multiple outbuildings, a carport and a gazebo. The property is not used for public purposes. The Roanoke County Board of Supervisors leased the property in the past, but the cabin is currently unoccupied. DISCUSSION: In an effort to dispose of the parcel, Roanoke County staff solicited bids from the public by advertisement in February 2026. Three bids were received. FISCAL IMPACT: Page 2 of 2 There are no costs to Roanoke County to sell the parcel of land located at 6697 Mount Chestnut Road. Assuming a sale of the property is finalized, Roanoke County would receive approximately $181,500.00 from the sale. STAFF RECOMMENDATION: Staff recommends the Roanoke County Board of Supervisors approve the first reading of this ordinance and schedule a second reading and public hearing for April 28, 2026. 1 PREPARED BY: Rachel W. Lower, Deputy County Attorney VSB # 88094 Office of the County Attorney 5204 Bernard Drive Roanoke, Virginia 24018 RETURN TO: Office of the County Attorney 5204 Bernard Drive Roanoke, Virginia 24018 Consideration: $181,500.00 Assessed Value: $178,300.00 Title Insurance: ___________ Roanoke County Tax Parcel ID Numbers: 075.00-02-36.00-0000 This instrument is exempt from the imposition of recordation taxes pursuant to Virginia Code § 58.1- 811(C)(4), and exempt from the imposition of fees for services rendered by a clerk or other court officer pursuant to Virginia Code § 17.1-266 THIS DEED, made and entered into the_____ day of ________________, 2026, by and between the BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, a political subdivision of the Commonwealth of Virginia, Grantor, and LINDA CORY, as Grantee; W I T N E S S E T H: WHEREAS, Grantor owns a parcel of land located at 6697 Mount Chestnut Road in the Windsor Hills Magisterial District of Roanoke County, Virginia (Roanoke County Tax Parcel ID Number 075.00-02-36.00-0000); and WHEREAS, it is now the desire of the Grantor to convey the said parcel of land to the Grantee. NOW, THEREFORE, FOR AND IN CONSIDERATION of the sum of ONE DOLLAR ($1.00) cash in hand paid by Grantee unto Grantor, and other good and valuable consideration, the receipt whereof is hereby acknowledged, Grantor do es hereby bargain, sell, grant and convey with General Warranty and Modern English Covenants of Title unto Grantee, all of the following parcel of land more particularly described as follows: Th i s d e e d h a s b e e n p r e p a r e d w i t h o u t t h e b e n e f i t o f a n e x a m i n a t i o n o f t i t l e . 2 [insert legal description] TO HAVE AND TO HOLD unto Grantee, its successors and assigns, forever. This deed is made subject to all easements, reservations, restrictions, and conditions of record affecting the hereinabove-described properties. In compliance with the provisions of § 18.04 of the Roanoke County Charter, the Board of Supervisors of Roanoke County, Virginia approved the disposition of the properties subject to this Deed by Ordinance #_______________ adopted by the Board of Supervisors of Roanoke County, Virginia on _______________. In compliance with the provisions of Virginia Code § 15.2-1803, this deed is in a form approved by the attorney for the County of Roanoke, and furthermore is executed by a person authorized to act on behalf of the Board of Supervisors of Roanoke County, Virginia pursuant to Ordinance #_______________ adopted by the Board of Supervisors of Roanoke County, Virginia on _______________. WITNESS the following signatures and seals: [Signatures and Notary Acknowledgement on Following Page] 3 GRANTOR: THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA By: _________________________________ Name: _______________________________ Title: ________________________________ STATE OF VIRGINIA COUNTY OF ROANOKE, to-wit: The foregoing instrument was acknowledged before me this _____ day of ____________________, 2026, by _______________________________ on behalf of the Board of Supervisors of Roanoke County, Virginia. Notary Public Commission Expires: Registration Number: Approved as to form: _____________________ County Attorney Page 1 of 2 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 28, 2026 ORDINANCE APPROVING THE DISPOSITION OF REAL ESTATE LOCATED AT 6697 MOUNT CHESTNUT ROAD, ROANOKE VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 075.00-02-36.00- 0000) WHEREAS, as part of the acquisition of Happy Hollow Gardens, the Roanoke County Board of Supervisors acquired a parcel of land located at 6697 Mount Chestnut Road in the Windsor Hills Magisterial District of Roanoke County, Virginia (Roanoke County Tax Parcel ID Number 075.00-02-36.00-0000); and WHEREAS, the parcel is 1.0 acre in size, and includes a vacant cabin, multiple outbuildings, a carport and a gazebo; and WHEREAS, the Roanoke County Board of Supervisors leased the property in the past, but the cabin is currently unoccupied, and the property is not used for public purposes; and WHEREAS, in an effort to dispose of the parcel, Roanoke County staff solicited bids from the public by advertisement in February 2026 and three bids were received; and WHEREAS, Section 18.04 of the Roanoke County Charter directs that the acquisition and conveyance of real estate interests be accomplished by ordinance; the first reading of this ordinance was held on April 7, 2026, and the second reading and public hearing were held on April 28, 2026. NOW, THEREFORE, BE IT ORDAINED by the Board of Supervisors of Roanoke County, Virginia, as follows: Page 2 of 2 1.That the parcel of land located at 6697 Mount Chestnut Road in the Windsor Hills Magisterial District of Roanoke County, Virginia (Roanoke County Tax Parcel ID Number 075.00-02-36.00-0000) is hereby declared to be surplus and serves no ongoing public purpose. 2.That the sale of the parcel of land located at 6697 Mount Chestnut Road in the Windsor Hills Magisterial District of Roanoke County, Virginia (Roanoke County Tax Parcel ID Number 075.00-02-36.00-0000) is hereby authorized in an amount no less than $181,500.00. 3.That the County Administrator, Deputy County Administrator, or Assistant County Administrator is hereby authorized to execute such documents and take such actions on behalf of the Roanoke County Board of Supervisors in this matter as are necessary to accomplish this ordinance, including a deed, with such changes as approved by the County Attorney, and all of which shall be approved as to form by the County Attorney. Page 1 of 2 ACTION NO. ITEM NO. E.4 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: ORDINANCE APPROVING THE DISPOSITION OF REAL ESTATE LOCATED AT 3319 WESTMORELAND DRIVE, ROANOKE, VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 077.13-05-31.00-0000) AND 3323 WESTMORELAND DRIVE, ROANOKE, VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 077.13- 05-30.00-0000) SUBMITTED BY: Allen Hayes Parks, Recreation and Tourism APPROVED BY: Richard L. Caywood County Administrator ISSUE: The Roanoke County Board of Supervisors owns two parcels on Westmoreland Drive in Roanoke County. The parcels and undeveloped, and are not used for public purposes. BACKGROUND: Roanoke County purchased two adjacent parcels of land: (1) 3319 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-31.00-0000) pursuant to Ordinance #101398-6 and (2) 3323 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13- 05-30.00-0000) pursuant to Ordinance #090898-9. The parcels were originally purchased for the public purpose of facilitating an economic development project which never materialized. The parcels have remained undeveloped, and are not used for public purposes. In an effort to explore disposing of the two parcels, Roanoke County staff solicited bids from the public by advertisement in February 2026. No bids were received for either of the two parcels. Page 2 of 2 DISCUSSION: Roanoke County staff have proposed to transfer the two parcels to the Economic Development Authority of Roanoke County, Virginia (hereinafter referred to as "the EDA"). This would allow the EDA's real estate broker to advertise and sell the two parcels on the private market. If the two parcels are sold, any funds received by the EDA would be returned to the Roanoke County Board of Supervisors. FISCAL IMPACT: There are no costs to Roanoke County to transfer the two parcels to the EDA. If the parcels are sold by the EDA on the private market, any funds from that sale would be returned to the Roanoke County Board of Supervisors, and the Roanoke County Board of Supervisors would need to appropriate those funds at a later date. STAFF RECOMMENDATION: Staff recommends the Roanoke County Board of Supervisors approve the first reading of this ordinance and schedule a second reading and public hearing for April 28, 2026. Page 1 of 3 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 28, 2026 ORDINANCE APPROVING THE DISPOSITION OF REAL ESTATE LOCATED AT 3319 WESTMORELAND DRIVE, ROANOKE, VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 077.13-05-31.00- 0000) AND 3323 WESTMORELAND DRIVE, ROANOKE, VA 24018 (ROANOKE COUNTY TAX PARCEL ID NUMBER 077.13-05-30.00- 0000) WHEREAS, the Roanoke County Board of Supervisors owns two parcels of land on Westmoreland Drive in the Cave Spring Magisterial District of Roanoke County; and WHEREAS, the first parcel is located at 3319 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-31.00-0000), and the purchase of this parcel was authorized by Ordinance #101398-6 (hereinafter referred to as “3319 Westmoreland Drive”); and WHEREAS, the second parcel is located at 3323 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-30.00-0000), and the purchase of this parcel was authorized by Ordinance #090898-9 (hereinafter referred to as “3323 Westmoreland Drive”); and WHEREAS, both parcels were originally purchased for the public purpose of facilitating an economic development project which never materialized; and WHEREAS, the parcels have remained undeveloped, and are not used for public purposes; and WHEREAS, to explore disposing of the two parcels, Roanoke County staff solicited bids from the public by advertisement in February 2026, and no bids were received for either of the two parcels; and Page 2 of 3 WHEREAS, Roanoke County staff have proposed to transfer the two parcels to the Economic Development Authority of Roanoke County, Virginia (hereinafter referred to as “the EDA”) to allow the EDA’s real estate broker to advertise and sell the two parcels on the private market; and WHEREAS, if the two parcels are sold, any funds received by the EDA would be returned to the Roanoke County Board of Supervisors; and WHEREAS, Section 18.04 of the Roanoke County Charter directs that the acquisition and conveyance of real estate interests be accomplished by ordinance; the first reading of this ordinance was held on April 7, 2026, and the second reading and public hearing were held on April 28, 2026. NOW, THEREFORE, BE IT ORDAINED by the Board of Supervisors of Roanoke County, Virginia, as follows: 1. That two parcels identified as 3319 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-31.00-0000) and 3323 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-30.00-0000) are hereby declared to be surplus and serve no ongoing public purpose. 2. That transfer of the two parcels identified as 3319 Westmoreland Drive and 3323 Westmoreland Drive to the Economic Development Authority of Roanoke County, Virginia for $0.00 to allow the Economic Development Authority of Roanoke County, Virginia’s real estate broker to advertise and sell the two parcels on the private market is hereby authorized. 3. That the County Administrator, Deputy County Administrator, or Assistant County Administrator is hereby authorized to execute such documents Page 3 of 3 and take such actions on behalf of the Roanoke County Board of Supervisors in this matter as are necessary to accomplish this ordinance, including a deed or multiple deeds, all of which shall be approved as to form by the County Attorney. 1 PREPARED BY: Rachel W. Lower, Deputy County Attorney VSB # 88094 Office of the County Attorney 5204 Bernard Drive Roanoke, Virginia 24018 RETURN TO: Office of the County Attorney 5204 Bernard Drive Roanoke, Virginia 24018 Consideration: $0.00 Assessed Value: $81,000.00 Title Insurance: None Roanoke County Tax Parcel ID Numbers: 077.13-05-31.00-0000 & 077.13-05-30.00-0000 This instrument is exempt from the imposition of recordation taxes pursuant to Virginia Code § 58.1- 811(A)(3) and § 58.1-811(C)(4), and exempt from the imposition of fees for services rendered by a clerk or other court officer pursuant to Virginia Code § 17.1-266 THIS DEED, made and entered into the_____ day of ________________, 2026, by and between the BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, a political subdivision of the Commonwealth of Virginia, Grantor, and the ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA, a political subdivision of the Commonwealth of Virginia, as Grantee; W I T N E S S E T H: WHEREAS, Grantor owns two parcels of land located at 3319 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-31.00-0000) and 3323 Westmoreland Drive (Roanoke County Tax Parcel ID # 077.13-05-30.00-0000); and WHEREAS, it is now the desire of the Grantor to convey the two parcels of land to the Grantee. NOW, THEREFORE, FOR AND IN CONSIDERATION of the sum of ONE DOLLAR ($1.00) cash in hand paid by Grantee unto Grantor, and other good and valuable consideration, the receipt whereof is hereby acknowledged, Grantor do es hereby bargain, Th i s d e e d h a s b e e n p r e p a r e d w i t h o u t t h e b e n e f i t o f a n e x a m i n a t i o n o f t i t l e . 2 sell, grant and convey with General Warranty and Modern English Covenants of Title unto Grantee, all of the following two parcels of land more particularly described as follows: PARCEL 1: All that certain tract or parcel of land, together with any improvements thereon, rights incident thereto, and appurtenances thereunto belonging, situate in the Cave Spring Magisterial District of the County of Roanoke, Virginia, and more particularly described as follows: BEGINNING at a point on the south side of Westmoreland Drive, which point of BEGINNING is common corner to Lot 1 and Lot 4, Section 6, as shown on the map of Mount Vernon Heights, recorded in Plat Book 2, page 67, of the records of the Clerk’s Office of the Circuit Court for the County of Roanoke, Virginia; thence leaving Mount Vernon Heights and along and with the west line of Lot 4, S. 10° 03′ W. 254.38 feet to a point; thence S. 72° 32′ E. 31.65 feet to a point; thence along and with a new division line through Lot 4, N. 15° 48′ 51″ E. 247.99 feet to a point on the south side of Westmoreland Drive; thence along and with the south side of Westmoreland Drive, N. 68° 11′ W. 57.5 feet to the point of BEGINNING, and being the western portion of Lot 4, Section 6, of said Mount Vernon Heights Subdivision, and designated as New Lot 4-A as shown on plat of survey made by Jack G. Bess, Certified Land Surveyor, dated January 3, 1991, recorded in the aforesaid Clerk’s Office in Deed Book 1335, page 1524. Said real estate being further shown and described upon ‘Plat Showing Property of Kenneth A. Keeney & Catherine L. Keeney—being the Westerly Portion of Original Lot 4, Section #6, Survey #1, Mt. Vernon Heights (P.B. 2, Pg. 67), dated August 13, 1998, prepared by Lumsden Associates, P.C., recorded in the Clerk’s Office of the Circuit Court of Roanoke County, Virginia in Deed Book 1600, Page 1647. The property hereinabove conveyed is designated upon the Roanoke County Land Records as Parcel ID Number 077.13-05-31.00-0000, and has a street address of 3319 Westmoreland Drive, SW, Roanoke, Virginia. This being all of the same real estate acquired by the Board of Supervisors of Roanoke County, Virginia from Kenneth A. Keeney and Catherine L. Keeney by deed dated November 18, 1998, and recorded in the Clerk’s Office of the Circuit Court of Roanoke County, Virginia in Deed Book 1600, Page 1644. PARCEL 2: All that certain tract or parcel of land, together with any improvements thereon, rights incident thereto, and appurtenances thereunto belonging, 3 situate in the Cave Spring Magisterial District of the County of Roanoke, Virginia, containing 0.251 acres, more or less, and more particularly described as follows: Beginning at a point on the south side of Westmoreland Drive, which point of beginning is the common corner to Lots 4 and 5 of Section 6 of Mount Vernon Heights, marked by an iron; thence leaving Westmoreland Drive and with the dividing line between Lots 4 and 5, S. 21 deg. 49′ W. 244.24 feet to a point; thence N. 72 deg. 32′ W. 31.66 feet (erroneously referred to in prior deed as 31.65 feet) to a point; thence N. 15 deg. 48′ 51″ E. 247.99 feet to a point on the south side of Westmoreland Drive (said course having been identified as N. 15 deg. 56′ E. 249.3 feet in the deed of conveyance unto the Grantor herein); thence with the south side of Westmoreland Drive, S. 68 deg. 11′ E. 57.5 feet to the point of Beginning, and being the eastern portion of Lot 4, Section 6 as shown by the Map of Mount Vernon Heights, of record in the Clerk’s Office of the Circuit Court of Roanoke County, Virginia, in Plat Book 2, page 67. Said real estate being further shown and described upon ‘Plat Showing Property of Michael W. Rose, Being Easterly Portion of Original Lot 4, Section #6, Survey #1, Mount Vernon Heights (P.B. 2, Pg. 67), dated August 13, 1998, prepared by Lumsden Associates, P.C., Engineers- Surveyors-Planners, a copy of which is recorded in the Clerk’s Office of the Circuit Court of Roanoke County, Virginia in Deed Book 1594, Page 1151. The property hereinabove conveyed is designated upon the Roanoke County land records as Parcel ID Number 077.13-05-30.00-0000, and has a street address of 3323 Westmoreland Drive, SW, Roanoke, Virginia. This being all of the same real estate acquired by the Board of Supervisors of Roanoke County, Virginia from Michael W. Rose and Traci Y. Rose by deed dated September 29, 1998, and recorded in the Clerk’s Office of the Circuit Court of Roanoke County, Virginia in Deed Book 1594, Page 1147. TO HAVE AND TO HOLD unto Grantee, its successors and assigns, forever. This deed is made subject to all easements, reservations, restrictions, and conditions of record affecting the hereinabove-described properties. In compliance with the provisions of § 18.04 of the Roanoke County Charter, the Board of Supervisors of Roanoke County, Virginia approved the disposition of the properties subject to this Deed by Ordinance #_______________ adopted by the Board of Supervisors of Roanoke County, Virginia on _______________. 4 In compliance with the provisions of Virginia Code § 15.2-1803, this deed is in a form approved by the attorney for the County of Roanoke, and furthermore is executed by a person authorized to act on behalf of the Board of Supervisors of Roanoke County, Virginia pursuant to Ordinance #_______________ adopted by the Board of Supervisors of Roanoke County, Virginia on _______________. WITNESS the following signatures and seals: [Signatures and Notary Acknowledgement on Following Page] 5 GRANTOR: THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA By: _________________________________ Name: _______________________________ Title: ________________________________ STATE OF VIRGINIA COUNTY OF ROANOKE, to-wit: The foregoing instrument was acknowledged before me this _____ day of ____________________, 2026, by _______________________________ on behalf of the Board of Supervisors of Roanoke County, Virginia. Notary Public Commission Expires: Registration Number: Approved as to form: _____________________ County Attorney [Signatures and Notary Acknowledgement on Following Page] 6 GRANTEE: ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA By: _____________ Linwood P. Windley, Chairman STATE OF ____________________ CITY/COUNTY OF ________________, to-wit: The foregoing instrument was acknowledged before me this _____ day of ____________________, 2026, by Linwood P. Windley, Chairman of the Economic Development Authority of Roanoke County, Virginia on behalf of the Economic Development Authority of Roanoke County, Virginia. Notary Public Commission Expires: Registration Number: Page 1 of 1 ACTION NO. ITEM NO. E.5 MEETING DATE: AGENDA ITEM: SUBMITTED BY: APPROVED BY: ISSUE: BACKGROUND: DISCUSSION: N/A FISCAL IMPACT: N/A STAFF RECOMMENDATION: Capital Unappropriated % of Board Expenditure Balance Revenues Contingency Contingency Reserves Audited balance as of June 30, 2025 31,213,980$ -$ -$ 613,094$ Approved Sources: Appropriated from 2025-26 budget (Ordinance 052725-2) - 50,000 - 1,420,700 Addition from 2024-25 close out and reimbursements of completed projects - - - 147,219 Appropriated from 2025-26 budget (Ordinance 121625-5) 1,448,997 680,479 Approved Uses: Appropriated from 2025-26 budget (Ordinance 052725-2) - - - (1,746,047) Items for Brian Epperley memorial - (1,282) - - Huntridge Road Traffic (Resolution 011326-6)(17,643) Deer Culling (25,000) Balance at April 7, 2026 32,662,977$ 12.0% 6,075$ 680,479$ 434,966$ County of Roanoke Unappropriated Balance, Board Contingency, and Capital Reserves Fiscal Year 2025-2026 General Government Changes in outstanding debt for the fiscal year to date were as follows: Audited Outstanding Outstanding June 30, 2025 Additions Deletions April 7, 2026 Debt type: VPSA School Bonds 109,321,388$ -$ 7,026,556$ 102,294,832$ Lease Revenue Bonds 72,515,000 20,040,000 4,715,000 87,840,000 Temporary Literary Loans*31,674,051 30,132,128 - 61,806,179 Subtotal 213,510,439 50,172,128 11,741,556 251,941,011 Premiums 13,244,796 1,709,584 - 14,954,380 226,755,235$ 51,881,712$ 11,741,556$ 266,895,391$ Summary by entity: County 77,345,868$ 21,749,584$ 4,715,000$ 94,380,452$ 35.36% Schools 149,409,367 30,132,128 7,026,556 172,514,939 64.64% 100.00% * The County has been approved for $75 million in Literary Loans. This amount will not be turned into permanent loans until all monies are drawn down for the three school projects approved for funding which are: Glen Cove and W.E. Cundiff Elementary Schools and the Roanoke County Career and Technology Center Submitted By Laurie L. Gearheart Chief Financial Officer Approved By Richard L. Caywood County Administrator Page 1 of 1 ACTION NO. ITEM NO. I.1 AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER MEETING DATE: April 7, 2026 AGENDA ITEM: Work session with the Board of Supervisors to provide Freedom of Information Act (FOIA) training SUBMITTED BY: Peter S. Lubeck County Attorney APPROVED BY: Richard L. Caywood County Administrator ISSUE: This time has been set aside to conduct the Board's biannual training on the Virginia Freedom of Information Act. AT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON TUESDAY, APRIL 7, 2026 RESOLUTION CERTIFYING THE CLOSED MEETING WAS HELD IN CONFORMITY WITH THE CODE OF VIRGINIA WHEREAS, the Board of Supervisors of Roanoke County, Virginia has convened a closed meeting on this date pursuant to an affirmative recorded vote and in accordance with the provisions of The Virginia Freedom of Information Act; and WHEREAS, Section 2.2-3712 of the Code of Virginia requires a certification by the Board of Supervisors of Roanoke County, Virginia, that such closed meeting was conducted in conformity with Virginia law. NOW, THEREFORE, BE IT RESOLVED, that the Board of Supervisors of Roanoke County, Virginia, hereby certifies that, to the best of each member’s knowledge: 1. Only public business matters lawfully exempted from open meeting requirements by Virginia law were discussed in the closed meeting which this certification resolution applies; and 2. Only such public business matters as were identified in the motion convening the closed meeting were heard, discussed or considered by the Board of Supervisors of Roanoke County, Virginia.