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HomeMy WebLinkAbout11/2/2005 - Minutes The Economic Development Authority of Roanoke County Roanoke County Administration Center 5204 Bernard Drive Roanoke, Virginia 24018 Minutes for Wednesday, November 2, 2005 10:00 A.M. Members Present Members Absent Vice Chairman-Steve Musselwhite Chairman-Billy Branch Carole Brackman Woody Windley Neil Gallagher Allan "Cap" Robinson Craig Sharp Ed Natt, Counsel Guest Doug Chittum, Secretary-Treasurer Rebecca Owens-Director of Finance, Roanoke County Terrie Cochran, Recording Clerk Elizabeth Atkinson-Financial Analyst, Roanoke County The Economic Development Authority of Roanoke County, Virginia met this day at the Roanoke County Administration Center, in the Finance conference room. This being the regularly scheduled monthly meeting. In the absence of Chairman, Billy Branch, Steve Musselwhite, Vice-Chairman called the meeting to order at 10:00 A.M. Minutes A motion was made by Allan "Cap" Robinson to approve the July 6, 2005, minutes, seconded by Carole Brackman, carried by unanimous voice vote. Finance Report Elizabeth Atkinson, Roanoke County Finance Analyst presented the Finance Reports for the current period through October 31, 2005. Elizabeth also presented the audit results which were conducted by Foti, Flynn Lowen & Company at a cost of $3500. A motion was made by Craig Sharp to accept the financial reports, and the audit report prepared by Foti, Flynn Lowen & Company through June 30, 2005, seconded by Carole Brackman, carried by unanimous voice vote. New Business By-Laws amendment Doug Chittum requested this item be moved to new business for the purpose of a motion concerning amended By-Laws. The Roanoke County Board of Supervisors by ordinance voted to change the name of the Industrial Development Authority to Economic Development Authority. Therefore the EDA will need to amend their By-Laws to reflect the name change to Economic Development Authority. A motion was made by Carole Brackman to approve the amended By-Laws to reflect the name change. Seconded by Neil Gallagher. ITT Night Vision Division Performance Agreement: Doug Chittum briefed the board concerning the Performance Agreement for ITT Night Vision Division. The 52 million dollar manufacturing project will create two-hundred fifty new jobs. ITT Night Vision Division received a Governors Opportunity Fund grant in the amount of$700,000, with a match of$700,000 approved by the Roanoke County Board of Supervisors. A reimbursement to ITT in the form of an Economic Development Grant from the Economic Development Authority will be over a four year period and will equal to the new tax revenue machinery & tools tax generated by the expansion project. The Economic Development Grant will be funded by Roanoke County. A motion was made by Craig Sharp, to send an electronic completed Performance Agreement to each board member, and to poll each board member by phone within 48 hours to confirm their vote for Chairman Billy Branch to execute the Performance Agreement between the County of Roanoke, Economic Development Authority, and ITT Night Vision Division. Seconded by Carole Brackman. THE REGULARLY SCHEDULED MONTHLY MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ROANOKE COUNTY,VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER ON NOVEMBER 2, 2005 RESOLUTION CERTIFYING CLOSED MEETING WAS HELD IN CONFORMITY WITH THE CODE OF VIRGINIA At 10:30 a.m., Board member Steve Musselwhite moved to go into closed meeting, pursuant to Code of Virginia Section §2.2-3711.A.5 a discussion concerning a prospective business or industry or expansion of an existing business where no previous announcement has been made of the business' or industry's interest in locating or expanding its facilities in the County. The closed meeting was held from 10:30 a.m. until 11:00 a.m. CERTIFYING the closed meeting was held in conformity with the Code of Virginia. At 11:00 a.m., Vice-Chairman Steve Musselwhite moved to return to open session and adopt the certification. The motion was filed and carried by unanimous voice vote. WHEREAS, the Economic Development Authority of Roanoke County, Virginia has convened a closed meeting on the date pursuant to an affirmation-recorded vote and in accordance with the provisions of The Virginia Freedom of Information Act. WHEREAS, Section §2.2-3711.A (5) of the Code of Virginia requires a certification by the Economic Development Authority of Roanoke County, Virginia, that such closed meeting was conducted in conformity with the Virginia Law. NOW THEREFORE, BE IT RESOLVED, that the Economic Development Authority of Roanoke County, Virginia, hereby certifies that, to the best of each members knowledge on such public business matters as were identified in the motions convening the closed meeting were heard, discussed or considered by the Economic Development Authority of Roanoke County, Virginia On a motion of 5-0 to adopt the Certification or Resolution for a Closed Meeting and carried by the following recorded vote: AYES: Vice-Chairman-Steve Musselwhite, Carole Brackman, Neil Gallagher, Allan "Cap" Robinson, Craig Sharp NAYS: ABSENT: Chairman-Billy Branch, Woody Windley Briefings Re-appointments Doug Chittum informed the board that Billy Branch and Steve Musselwhite were re- appointed to the Economic Development Authority Board on September 26, 2005 for a four-year term. Capital Improvement Program(CIP) Doug Chittum informed the board that Woody Windley, will represent the Economic Development Authority on the CIP committee for the year 2006. Reports and Inquires of Board members Craig Sharp requested that the Website for Economic Development be updated to reflect the name change of the Industrial Development Authority to Economic Development Authority. Steve Musselwhite, Vice-Chairman adjourned the meeting with unanimous voice vote. Respectfully submitted OL/ E. Douglas Chittu Secretary-Treasurer Next Scheduled Meeting: Wednesday, December 7 , 2005