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HomeMy WebLinkAbout1/16/2013 - Minutes The Economic:Development Authority of Roanoke County Roanoke County Administration Center 5204 Bernard Drive Roanoke,Virginia 24018 Minutes Wednesday,January 16,2013,9:00 A.M. . Members Present Steve Musselwhite, Chairman Elect Woody Windley, Vice-Chair Elect Billy Branch Greg Apostolou Paul Henkel Kirtesh Patel Sunny Shah Tommy Wood Jill Loope, Secretary Treasurer Paul Mahoney, Legal Counsel Member s Absent None Guest Brian Carter, Finance Manager Joyce Waugh, Executive Director, Roanoke Regional Chamber of Commerce Megan Cronise, Principal Planner, Community Development The Economic Development Authority of Roanoke County, Virginia met this day at the Roanoke County.Administration Center,this being their Annual meeting. Call to order Mr.Branch called the meeting to order at 9:00 a.m Minutes A motion was made by Paul Henkel seconded by Steve Musselwhite to approve the October 17, 2012 minutes as read. The motion carried by unanimous voice vote: Finance Report Brian Carter, Finance Manager, presented the:financial report for the period,ending.December. 30, 2012. He reported the equity in pooled cash to be $643,111.74. He stated recent activity included $5,000 from the Town of Vinton to be applied to the Downtown Vinton Façade Grant and payment to Creative Occasions in the amount of$4270 satisfying the reimbursement toward the Façade Grant approved on April 18, 2012. A motion approving the financial report was made by Steve Musselwhite and seconded by Paul Henkel. The motion carried by unanimous voice vote. EDA Minutes Page 2 January 16,2013 NEW BUSINESS Election of Officers Ms. Loope stated the floor is open for nominations for Chairman, Vice-Chairman and Secretary- Treasurer of the Economic Development Authority. A motion was made by Bill Branch to nominate Steve Musselwhite as Chairman. Hearing no further nominations, Mr. Branch's nomination was seconded by Greg Apostolou. The motion carried by a unanimous voice vote. A motion was made by Steve Musselwhite nominating Woody Windley as Vice-Chairman. Hearing no further nominations, Mr. Musselwhite's nomination was seconded by Greg Apostolou. The motion carried by unanimous voice vote. A motion was made by Woody Windley, seconded by Steve Musselwhite nominating Jill Loope as Secretary-Treasurer. There were no further nominations. The motion carried by unanimous voice vote. At this time, Mr. Musselwhite thanked Mr. Branch for the many years he served as Chairman of the EDA. He expressed appreciation on behalf of the members of the EDA. BRIEFINGS Update on the Roanoke Regional Chamber's Entrepreneurial Center Joyce Waugh, Executive Director of Roanoke Regional Chamber of Commerce, was present and provided an update on the Roanoke Regional Entrepreneurial Center. She stated the Center held a grand opening on March 29, 2011. The Center is located on the Mezzanine of the Roanoke Regional Chamber of Commerce with a total of 3,200 square feet. The Center has been the host to eleven entrepreneurial companies. She stated with the support of the Roanoke Regional Small Business Developmental Center, several businesses have moved on to bigger and better things. She stated four of six spaces are currently occupied and they continue to have interest on a regular basis. Ms. Waugh expressed her appreciation to the Economic Development Authority for their financial support of the Center. Presentation on the Plantation Road Transportation Alternatives Program Application & Letter of Support. Megan Cronise, Principal Planner, was present and provided a Project Summary of the Plantation Road Phase 1 Funding Request and provided a PowerPoint presentation of the EDA Minutes Page 3 January 16, 2013 Plantation Road Phase 11 Grant Application. Ms. Cronise stated funding in the amount of $28,880 is required for Phase 1 as part of the local match and requested EDA approval for that amount. A motion was made by Greg Apostolou, seconded by Woody Windley to approve funding in the amount of$28,880 by the Economic Development Authority for Phase 1 Funding for the Plantation Road Bicycle, Pedestrian and Streetscape Improvement Project. The motion carried by unanimous voice vote. At this time, Ms. Cronise also asked the Authority for support of the Phase 11 Application and to authorize the Chairman to sign a letter in support for the Application. A motion was made by Greg Apostolou, seconded by Sunny Shah, to authorize the Economic Development Authority Chairman to sign a letter of support for Phase 11 of the Transportation Alternatives Program Grant Application. The motion carried by unanimous voice vote. After a motion by Kirtesh Patel and a second by Paul Henkel, to amend the agenda with a new business item as follows: Performance Agreement by and between ROANOKE COUNTY, VIRGINIA, and the ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA, and HYPERGEN Inc., a Virginia Corporation and 4D Investment LLC. After discussion as to the terms of the contract, a motion was made by Paul Henkel, seconded by Woody Windley to authorize the Chairman to execute a Performance Agreement between Roanoke County, Virginia, the Economic Development Authority of Roanoke County, Virginia and Hypergen, Inc., subject to approval by the Board of Supervisors. The motion carried by voice vote with one abstention, that being Greg Apostolou. Discussion of CRT Property Ownership Ms. Loope and Mr. Mahoney, EDA Counsel, stated the request before the Authority is to transfer ownership of the Center for Research and Technology property from the Board of Supervisors to the Economic Development Authority. Discussion ensued regarding the request and the exposure/liability for the Authority members. Mr. Mahoney assured the members that their exposure to personal liability was minimal, and that he will provide additional information concerning their insurance coverage at a future meeting. Ms. Loope stated that the reason for the ownership transfer would be to expedite the future conveyance of property to a new business without the more lengthy public hearings and advertising requirements of the board of supervisors. The Authority concurred and authorized staff to discuss the recommendation with the Board of Supervisors at a future meeting. BRIEFINGS Ms. Loope stated that Mike Altizer, Chairman of the Board of Supervisors, called for an Economic Summit for February 28th, 2013 with leaders from the local governments invited to participate. The purpose of the Summit is to discuss the creation of new industrial property to market with multiple jurisdictions participating. UT,1 EDA Minutes Page 4 January 16, 2013 REPORTS AND INQUIRIES OF THE BOARD Mr. Musselwhite asked that the members keep Glenna Ratcliffe in their prayers as she is seeking medical attention and also asked Mrs. Loope to inform the members of her status when more is known. ADJOURNMENT The meeting was adjourned at 10:05 a.m. NEXT MEETING The next regularly scheduled meeting is February 20, 2013 at 9:00 a.m. Respectfully submitted, Jil ope Secretary-Treasurer