Loading...
HomeMy WebLinkAbout5/19/2021 - Minutes The a Economic Development Authority of Roanoke County Zoom Meeting Minutes Roanoke, Virginia 24018 Wednesday, May 19th 2021, the Economic Development Authority of Roanoke County, Virginia met this day by a Zoom Meeting Members Present Steve Musselwhite, Chair Woody Windley, Vice-Chair Greg Apostolou Max Beyer Michael Cagle Steve Anderson Kyle Richardson Kirtesh Patel Barry Thompson Peter Lubeck, Counsel Jill Loope, Secretary-Treasurer Members Absent Ssunny Shah Guest Pete Peters, Vinton Town Manager, Anita McMillan, Planning and Zoning Director, Evan Malone, Financial Analyst; Jessica Lovell, Financial Analyst and Allison Fay, Recording Clerk CALL TO ORDER Chairman Steve Musselwhite called the meeting to order at 9:07 a.m. REQUEST TO POSTPONE, ADD TO, OR CHANGE THE ORDER OF THE AGENDA ITEMS Ms. Loope requested Item E 1. Strategic Plan Update be moved and presented after Item G. Economic Development Updates. The consensus of the Board was to approve moving the item to be presented after the Economic Development Updates. Page 2 of 5 May 19, 2021 Economic Development Authority Minutes APPROVAL OF MARCH 17, 2021 MINUTES On motion by Max Beyer to approve the minutes of March 17, 2021 as presented, seconded by Barry Thompson the motion carried by unanimous voice vote. FINANCE REPORT Mr. Evan Malone, Financial Analyst for the Department of Finance, reviewed the information provided in the financial report through April 30, 2021. Mr. Malone also gave a brief review of the details for the Vinton Facade Grant, which has a remaining balance of$16,361. On motion by Barry Thompson to accept and approve the financial report as presented, seconded by Kirtesh Patel, the motion carried by unanimous voice vote. OLD BUSINESS 1. Strategic Plan Update This item was presented after item G. Economic Development Updates. NEW BUSINESS 1. Authorization to enter into a performance agreement with the Town of Vinton and Gish Mill Davii, LLC, for the redevelopment of the Gish Mill property, and to further redevelopment of the Gish Mill property, and to further authorize execution of such other documents as may be necessary, including a loan agreement promissory note, and restriction agreement. Ms. Loope stated the redevelopment project was similar to the Vinton Motors Agreement and said this project would be the gateway into Vinton. She provided a PowerPoint presentation of the Gish Mill Redevelopment Project to the Board and reviewed the property size, location and ownership of the property, the historical significance of the building, current condition of the site and the proposed redevelopment renderings of the restaurant, parking, lodging\apartments and event space. Ms. Loope also reviewed the investment details and provided a breakdown of the estimated annual revenue impact for the project. She stated that the Board of Supervisors adopted a Memorandum of Agreement with the Town of Vinton regarding the project incentives at their May 11 meeting. The next step is for the Authority to adopt a Performance Agreement between the Town of Vinton, the EDA and the developer. Page 3 of 5 May 19, 2021 Economic Development Authority Minutes Chairman Musselwhite asked how many parking spaces would be available. Mr. Peters stated 40 spaces would be on the premises and additional or overflow parking would be across the street. He stated a crosswalk was going to be installed on Gus Nicks Blvd. A question of past flooding was asked and if flood insurance was required for this project\property. Mr. Peters provided history of flooding on this site and the process the developer will be using to address potential future flooring. He stated flood insurance will be required for the project. Mr. Beyer asked if a berm was going to be put in around the property. Mr. Peters said the City of Roanoke will working with the Army Corps of Engineer for the redesign of the stream bank and said that a berm will not work in this area. He stated the developer is doing all they can do to protect the structure and property to minimize flooding. Chairman Musselwhite said good people are designing and proposing this project and that it was a welcome investment in the Town of Vinton. Mr. Peters reviewed the funding for this project and stated it is being funding in thirds; 1/3rd private, 1/3rd from grants and tax credits and a 1/3rd from the Town and County. Mr. Thompson said the Town of Vinton staff worked very hard to get this project done and said this was a great redevelopment project. Barry Thompson moved that the Authority authorize the Chairman or Vice Chairman to execute the proposed Performance Agreement for the Gish Mill redevelopment project, and further authorize the execution of such other documents as may be necessary, including a loan agreement, a promissory note, and a restriction agreement, all of which shall be approved in final form by the County Attorney. The motion was seconded by Kyle Richardson and carried by unanimous voice vote. 2. Consideration of Facade Grant request for the Dogwood Restaurant Mr. Peters, Town Manager of Vinton reviewed the Façade Grant application submitted by the Dogwood Restaurant to the Board. Mr. Peters stated that he and his staff have reviewed the application and recommends approval of the total grant amount of $10,000.00. Mr. Peters reviewed the improvements that were being proposed by the applicant. He explained the applicant would be leasing town owned property for an outside patio seating area to expand the restaurant by 1,500 sq. ft. He said the addition included parcels 108 and 110 S. Pollard Street. On motion by Barry Thompson, to approve the total Façade Grant amount not to exceed $10,000.00 to the Dogwood Restaurant for improvements and expansion. Seconded by Kyle Richardson, the motion carried by unanimous voice vote. Page 4 of 5 May 19, 2021 Economic Development Authority Minutes Mr. Peters thanked the Board for their past support and for all things to come. 3. Consideration of a Rezoning Application for the Ashworth Property Ms. Loope provided history of the Ashworth family 30-acre property and said the County supports sponsoring the rezoning from Agricultural to 1-2 in support of future industrial development opportunities. She reviewed the property on maps and said the property borders the railroad and regional jail and the change of zoning will have little impact to the area. Ms. Loope stated that Supervisor Martha Hooker agreed to support the rezoning as the area lends itself to future industrial development. She clarified that the EDA Board would be the applicant for the rezoning of the property to 1-2 industrial. Mr. Musselwhite said he sees nothing but the upside to supporting the rezoning. On motion by Barry Thompson to approve the Economic Development Authority acting as the applicant to rezone the Ashworth Property located at 5832 West River Road, Salem, seconded by Kirtesh Patel, the motion carried by unanimous voice vote. ECONOMIC DEVELOPMENT UPDATES Ms. Loope thanked Kirtesh Patel for his leadership with the Richfield Town Center project, and thanked the other board members for participating in the recent Ribbon Cutting ceremony. She stated she had some technical issues with sending out the invitations for the ribbon cutting event and apologized for the confusion. Ms. Loope stated the next ribbon cutting at Richfield is for the skilled nursing facility on June 24th at 10 am. Ms. Loope thanked Mr. Windley on his appointment to the South Peak CDA Board and reviewed the CDA assessment. She also thanked Mr. Windley for his appointment for another 4 years to the EDA Board. She listed the board members that would up for reappointment in September 2021 and said she would contact them directly. Ms. Loope said she is continuing to work with Tanglewood and that she was working on landscape agreements for getting various intersections landscaped. Two businesses have signed the landscaping agreements and staff is working to secure the third agreement very soon. The landscaping installation will be scheduled for this fall. Page 5 of 5 May 19, 2021 Economic Development Authority Minutes OLD BUSINESS 1. Strategic Plan Update Ms. Loope provided an update to the Board on the current status of the Strategic Plan and thanked Mr. Cagle for being part of the steering team. Ms. Loope said she was going to meet with VT and will find out what the next step in the process will be and would report back to the Board at the next meeting. REPORTS AND INQUIRIES OF BOARD MEMBERS Mr. Evan Malone, Financial Analyst, stated in the packet was the proposed budget for July 1,2021 to June 30, 2022 Fiscal Year. He reviewed the budget and said staff recommended approval. On motion Michael Cagle moved to approved the July 1,2021 to June 30, 2022 proposed budget for this coming fiscal year. Seconded by Woody Windley. The motion carried by unanimous voice vote The next regularly scheduled meeting will be June 16, 2021. ADJOURNMENT On motion by Woody Windley and second by Kirtesh Patel, the meeting was adjourned at 10:07 a.m. Respectfully submitted, Jill Loope Secretary-Treasurer