HomeMy WebLinkAbout7/20/2016 - Minutes The Economic Development Authority of Roanoke County
Roanoke County Administration Center
5204 Bernard Drive
Roanoke,Virginia 24018
Minutes
Wednesday,July 20,2016, 9:00 A.M.
Members Present
Chairman-Steve Musselwhite
Greg Apostolou
Max Beyer
Bill Branch
Woody Windley
Steve Anderson
Jill Loope, Secretary-Treasurer
Ruth Ellen Kuhnel, Counsel
Glenna Ratcliffe
Members Absent
Kirtesh Patel
Leon McGhee
Dan Toti
Ssunny Shah
Guest
Richard Peters, Vinton Assistant Town Manager; Brian Carter, Finance Manager, Jessica
Fintel, Economic Development Specialist and Evan Malone, Financial Anaylst
The Economic Development Authority of Roanoke County,Virginia met this day at the
Roanoke County Administration Center.
CALL TO ORDER
Chairman, Steve Musselwhite determined a quorum was present and called the meeting to order
at9:00a.m.
APPROVAL OF MAY 18,2016 MINUTES
After a motion by Steve Anderson and second by.Bill Branch,the minutes of May 18, 2016 were
approved by unanimous voice voter
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Economic Development Authority Minutes
REQUEST TO POSTPONE, ADD TO, OR CHANGE THE ORDER OF THE AGENDA
ITEMS
Steve Musselwhite requested that the items under New Business be heard first as he needed to
leave the meeting at 9:30 a.m.
NEW BUSINESS
Request for authorization to execute a Performance Agreement between the Town of
Vinton, VINDOS LLC (Macados) and the Roanoke County Economic Development
Authority
Pete Peters, Assistant Town Manager for Vinton presented the request. He reviewed the
components of the agreement, which includes a reimbursement grant of up to $50,000/year for
10 years in meals taxes, not to exceed $500,000 in total. The Town of Vinton will fund the
grant, and the EDA serves as a party to the Performance Agreement.as a legal 'requirement for
the grant reimbursement.
Downtown Vinton Facade Grant Requests: -'
S.A.S.S. Properties,L.L.C. Edward Jones Building
Pete Peters, Assistant Town Manager for the Town of Vinton, presented a Façade Grant request
for S.A.S.S, Properties, LLC, for the Edward Jones Building, located at 103 East Lee Street. He
gave a brief description of the.work to include removal of the glass façade as well as repairs to
mortar,paint, etc.
Due to a conflict of interest, Steve Musselwhite abstained from discussion and vote of this
request. -.
A motion was made by Max Beyer and seconded by Steve Anderson to approve the Façade grant
in the amount of$5,000. The motion carried by the following vote:
Steve Musselwhite: Abstain
Bill Branch: . Aye
Steve Anderson:- Aye
Max Beyer: Aye
Greg Apostolou:. Aye
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Economic Development Authority Minutes
ANBAJA Enterprises,Inc.—Twin Creeks Brewing
Peter Peters, Assistant Town Manager, presented and reviewed the request of ANBAJA
Enterprises, Inc. (Twin Creek Brewing) which included the installation of signs and goose neck
lights on the front, back and side of the building.
Mr. Peters stated that to his knowledge, no opposition had been voiced regarding the location of
Twin Creek Brewing.
A motion was made by Woody Windley, and seconded by Greg Apostolou to approve the request in the
amount of$1,585.78. The motion carried by unanimous voice vote.
FINANCE REPORT
Brian Carter, Finance Manager,presented the Financial Report for the month ending June 30,
2016. He stated there were minimal changes from the previous report. Total revenues were
$1,607,421.27 and total expenditures were $1,600,149.99. The cash balance at June 30 was
656,720.52.
A motion was made by Bill Branch and seconded by Woody Windley to accept the financial
report for June 2016 as presented. The motion carried by unanimous voice vote.
ECONOMIC DEVELOPMENT UPDATES
Introduction of Jessica Fintel,Economic Development Specialist
At this time, Ms. Loope introduced Jessica Fintel, Economic Development Specialist. Jessica
came to Roanoke from Henrico County where she served as marketing manager for the
Economic Development Authority.
Jessica grew up on the Eastern Shore of Virginia and has previously lived in Roanoke. She
graduated from the College of William and Mary with a Bachelor of Arts. She earned a MS in
Commerce, Marketing and Management from the University of Virginia McIntire School of
Commerce.
Term Expirations: Ms. Loope stated that the term of Woody Windley is set to expire in
September, 2016. Mr. Windley represents the Windsor Hills Magisterial District. Board
Member Joe McNamara will be informed of this date and can reappoint Mr. Windley or select a
new member to represent his district.
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Economic Development Authority Minutes
Tanglewood Mall
Ms. Loope gave a status update of the Tanglewood Mall sale. She stated that the mall and
surrounding property is under contract with a developer that is currently in a 30 day due
diligence period. Closing is expected in late August or early September. She stated there are no
concept plans to share at this time.
REPORTS AND INQUIRIES OF BOARD MEMBERS
Greg Apostolou questioned the status of the two Vinton Properties, Roland E. Cook and William
Byrd. -
Ms. Loope stated that Roland E. Cook is now under construction and the rezoning for the
William Byrd property will begin in August, lasting through September. The property has also
passed the preliminary approval stage for the historic designation with the Department of
Historic Resources
Pete Peters stated that a tour of William Byrd is scheduled for 5:00 p.m. August 15, 2016, with
an open house for the public at 6:00 p.m. at the Vinton War Memorial. The developer will
present concept plans for the public to review during this meeting.
ADJOURNMENT
Steve Musselwhite, Chairman, adjourned the meeting at 9:30 a.m.
NEXT SCHEDULED MEETING
August 17, 2016
Respectfully submitted,
Ji oope,
Secretary-Treasurer