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HomeMy WebLinkAbout11/15/2023 - Minutes The Economic Development Authority of Roanoke County Meeting Minutes Wednesday, November 15, 2023, the Economic Development Authority met at the Roanoke County Administration Center Members Present Woody Windley, Chair Michael Cagle, Vice Chair Greg Apostolou Kirtesh Patel Kyle Richardson Ssunny Shaw Don Sowder Barry Thompson Megan Baker, Secretary-Treasurer Peter Lubeck, Counsel Guests Pete Peters, Town Manager, Town of Vinton . Jeremy Carroll, Attorney, Spilman Law Marshall Stanley, Economic Development Specialist, Town of Vinton Jessica Beamer, Assistant Director of Finance and Management Services, Roanoke County Paul Workman, Account Manager, Finance, Roanoke County CALL TO ORDER Chairman Woody Windley called the meeting to order at 9:01 a.m. ROLL CALL Megan Baker called the roll. NEW BUSINESS 1. Approval of local economic development performance agreement for the redevelopment of the Gish Mill property Pete Peters presented the Gish Mill redevelopment project and the documents needed for the transaction. The funding for the project includes private financing, DHCD Industrial Revitalization funds, grant funds from the Department of Historic Resources, and a construction loan through the Town of Vinton. The project is slated to begin construction in May 2024 with project completion in December 2025. The mixed-use project will include a restaurant, leasable retail space, and Airbnb-style short-term stay rooms. On a motion by Barry Thompson to authorize Gish Mill transaction documents, as they have been presented to the Authority today, in substantially the forms as on file with the Secretary, with such completions, omissions, insertions, and changes as may be approved by the Chairman, seconded by Ssunny Shaw, the motion passed seven to one with Kirtesh Patel voting no. NEXT SCHEDULED MEETING Megan Baker stated the next meeting is December 7, 2023. Respectfully Submitted, c11762r \61A-i) Megan Baker Secretary-Treasurer