HomeMy WebLinkAbout2/21/1996 - Adopted Board RecordsAT A SPECIAL MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY,
VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON
TUESDAY, FEBRUARY 21, 1996
RESOLUTION 022196-2 AUTHORIZING THE EXECUTION
OF A PERFORMANCE AGREEMENT WITH R. R.
DONNELLEY & SONS COMPANY, INC., THE BOARD OF
SUPERVISORS OF ROANOKE COUNTY, AND THE ROANOKE
COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY, AND
APPROPRIATION OF FUNDS
WHEREAS, the County of Roanoke and the Industrial Development
Authority desire to promote and encourage the economic development
of Roanoke County, Virginia, and the Roanoke Valley by the
recruitment of new industry for the Roanoke Valley, in order to
provide for increased employment and corporate investment in the
County; and
WHEREAS, this increased employment and investment constitutes
a valid public purpose for the expenditure of public funds; and
WHEREAS, the Company desires to support these economic
development efforts of the County and the Authority by establishing
its corporate facilities in the County.
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of
Roanoke County, Virginia, as follows:
1. That the execution of a performance agreement with R. R.
Donnelley & Sons Company, Inc., Board of Supervisors of Roanoke
County, and the Roanoke County Industrial Development Authority for
the establishment of certain industrial development facilities in
Roanoke County is hereby authorized and approved; and all actions
taken by the officers and agents of the County in connection with
this transaction are ratified and confirmed.
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2. That the County Administrator is authorized to execute
said performance agreement on behalf of the County, upon form
approved by the County Attorney.
3. That the sum of $2,102,500 is hereby appropriated and
donated to the Industrial Development Authority of Roanoke County.
That this appropriation of public funds is made from the County's
Unappropriated Balance.
4. That the sum of $397,500 is hereby appropriated to the
County Economic Development Department. This appropriation is made
from the County's Unappropriated Balance.
5. That this resolution shall take effect immediately.
On motion of Supervisor Nickens to adopt the resolution, and
carried by the following recorded vote:
AYES: Supervisors Minnix, Harrison, Nickens, Johnson
NAYS: None
ABSTAIN: Supervisor Eddy
A COPY TESTE:
Mary H. Allen, Clerk
Roanoke County Board of Supervisors
cc: File
Diane D. Hyatt, Director, Finance
Paul M. Mahoney, County Attorney
Timothy W. Gubala, Secretary, IDA
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