HomeMy WebLinkAbout2/16/2022 - Minutes The Economic Development Authority of Roanoke County
In Person Meeting
Minutes
Roanoke, Virginia 24018
Wednesday, February 16, 2022, the Economic Development Authority of Roanoke
County, Virginia met at the Roanoke County Administration Center
Members Present
Linwood (Woody) Windley, Chair
Michael Cagle, Vice-Chair
Greg Apostolou
Steve Anderson
Kirtesh Patel
Barry Thompson
Max Beyer
Jill Loope, Secretary-Treasurer
Peter Lubeck, Counsel
Absent
Ssunny Shah
Kyle Richardson
Guests
Wade Taylor, Economic Development Manager, Jessica Beemer, Assistant Director
of Finance and Management Services, and Allison Fay, Recording Clerk.
CALL TO ORDER
Chairman Woody Windley called the meeting to order at 9:00 a.m.
REQUEST TO POSTPONE, ADD TO, OR CHANGE THE ORDER OF THE AGENDA ITEMS
No changes or additions.
APPROVAL OF January 25, 2022 MINUTES
On motion by Max Beyer to approve the minutes of January 25, 2022, seconded by Mike
Cagle, the motion carried by unanimous voice vote.
FINANCE REPORT
Ms. Jessica Beemer, Assistant Director of Finance, reviewed the information provided in the
statement of revenues, expenditures and changes in fund balances (unaudited) for the 7
months ended January 31, 2022. The available cash balance in the EDA-account is
$482,696.
On motion by Steve Anderson to accept and approve the financial report as.presented,
seconded by Barry Thompson, the motion carried unanimously.
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February 16, 2022 Economic Development Authority Minutes
OLD BUSINESS
1. Motion to authorize the Chairman to execute and agreement with Technology Dr. I
LLC, in which the EDA will agree to waive its rights of first refusal and purchase
option in the Property located in the Valley TechPark, identified as New Lot 4A (Tax
Map No. 064-.02-02-50.00-0000), as set forth in Sections 6 and 7 of the Covenants,
Conditions, and Restrictions for Valley TechPark.
Ms. Loope stated this request is for the Lowe's project and explained that due to the
ownership name change, the owner's title company required that the waiver be amended
to reflect the correct corporate entity. She stated the only change within the document is
the name\ownership change.
Mr. Lubeck stated that he has reviewed the agreement and there was no concern with the
Authority approving the agreement.
On motion by Kirtesh Patel to approve the waiver of its rights of first refusal and purchase
option for Lot 4A in Valley TechPark, seconded by Barry Thompson, the motion carried
unanimously.
2. Motion to authorize the Chairman to execute documents enabling Technology Dr. I
LLC to effectuate grading on property owned by the Industrial Development
Authority of Roanoke County, VA located n LT 3A at 0 Technology Drive in Valley
TechPark, Tax Map#064.02-02-50.03-0000
Ms. Loope stated this is the same action as the previous item for the Lowe's project. She
explained this was needed due the ownership name change, and that everything else
within the document is the same.
On Motion by Michael Cagle to have the Chairman execute documents enabling
Technology Dr. I LLC to effectuate grading on Lot 3A at OTechnology Drive, seconded by
Kirtesh Patel, the motion carried unanimously.
NEW BUSINESS
Resolution recognizing Steve Musselwhite and expressing appreciation and gratitude for
his 24 years of service to the Economic Development Authority. Board members
expressed their thanks and appreciation for Mr. Musselwhite's leadership and service to
the Authority Board. It was noted by all members that Mr. Musselwhite has brought
tremendous strength, character and knowledge to the Board for 24 years.
On motion by Michael Cagle to approve the Resolution recognizing Mr. Musselwhite's
distinguished and valuable service to the Board, seconded Max Beyer, the motion carried
unanimously.
ECONOMIC DEVELOPMENT UPDATES
Ms. Loope stated the press release was recently issued announcing the new Lowe's
distribution project in Valley TechPark. The project brings $11 million in new investment and
60,000 sq. ft. with 70 new jobs.
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February 16, 2022 Economic Development Authority Minutes
Ms. Loope said she has been working with Southern Team Automotive, formally known as
First Team on their expansion project on the former Lidl property on Williamson Road. A
public announcement of the project isexpected within the month.
Ms. Loope stated she is currently working on a potential project on the corner of Plantation
and Williamson Road. It has been a particularly challenging commercial project due to the
access limitations of the property.
Ms. Loope stated the Ashworth property is back on the market, and reviewed the site location,
zoning and size. The developer that had the contract was trying to secure a large distribution
project for the site, but were unable to secure the contract. The site is particularly challenging
due to expensive utility extensions required to develop it.
REPORTS AN INQUIRIES OF THE BOARD MEMBERS
Mr. Beyer asked for an update on the Vinton Hotel project. Ms. Loope explained the project
has been delayed but would keep the Board informed of any updates.
Mr. Apostolou asked about the Home Shopping Network building. Ms. Loope stated the
building is under contract and the developer is under an NDA so she does not know who the
new tenant will be. The Board discussed possible tenants for this building and other locations
in the county.
Mr. Patel provided an updated on the current activity at Richfield and the activities going on
both campuses of the facility.
Mr. Beyer provided an update on the Career and Technical (CTE) Advisory Committee
meetings. He said the committee would be reporting to the Board of Supervisors and School
Board in April or May.
ADJOURNMENT
On motion by Kirtesh Patel and second by Michael Cagle, the meeting was adjourned at 9:38
a.m.
NEXT SCHEDULED MEETING
April 20, 2022
R p�ctfull submitted,
Ji oope
Secretary-Tres rer