HomeMy WebLinkAbout2/13/1991 - Minutes MINUTES
Roanoke County Industrial Development Authority
9 a.m. , February 13, 1991
Members Present: Members Absent:
Charles Saul, Chairman Rick Cranwell
Bill Branch
Carson Quarles
Darnell Vinyard
Ron Martin
Bill Triplett
Timothy Gubala, Secretary
Edward Natt, Counsel
Chairman Saul called the meeting to order at 9: 00 a.m. in the
Community Room of the Roanoke County Administration Center.
Minutes of the November 27, 1990 meeting were previously
distributed by mail. Upon a motion by Carson Quarles and seconded
by Bill Triplett, the minutes were approved by unanimous voice
vote.
Election of Officers. A new business item regarding the election
of officers was presented by Chairman Saul. Since this is the
first 1991 meeting of the Authority, it can be considered as the
Annual Meeting and officers may be elected. Upon a motion by Mr.
Vineyard and seconded by Bill Triplett, Charles Saul was nominated
as Chairman, Tim Gubala as Secretary and Ed Natt as Legal Counsel.
The motion passed by unanimous voice vote.
The need for a Vice-chairman was mentioned by Ed Natt. Upon a
motion by Darnell Vinyard, seconded by Carson Quarles, Bill Branch
was nominated as Vice-chairman. The motion passed by unanimous
voice vote. (Note that Bill Branch was not in attendance at this
point of the meeting. )
Certified Medical Representatives Institute Inc. (CMRI, Inc. )
Chairman Saul convened a public hearing for CMRI, Inc. request for
bond approval. No one made any public comments. Chairman Saul
closed the public hearing.
CMRI, Inc. presented a request for an inducement resolution of
$400, 000 to allow this company to acquire and equip a new office
facility located at 4950 Brambleton Avenue in Roanoke County.
Certified Medical Representatives is a non-profit corporation (501
(c) (3) ) that operates a national program in the education of
certified medical representatives. James Dalton, President of
CMRI, Inc. discussed the need for space. Bonnie Snyder of CMRI,
Inc. elaborated on the curriculum, examination and certification
of medical reps.
Currently CMRI, Inc. has four employees and would expand to six.
Webster Day presented an inducement resolution for $400, 000 for the
Authority to consider. Upon a motion by Carson Quarles, seconded
by Darnell Vinyard, the inducement resolution was approved
unanimously.
A resolution for public approval of bonds was presented by Webster
Day. Upon motion by Bill Branch and seconded by Carson Quarles,
the resolution passed. Bill Triplett did not vote.
Webster Day presented the final resolution which would provide
public funding for $360, 000. This resolution was moved by Carson
Quarles and seconded by Ron Martin. The resolution passed with
Bill Triplett not voting. This resolution will not take affect
until after the Board of Supervisors meeting on February 26, 1991.
Webster Day indicated that the Bond would be placed privately.
County Attorney Paul Mahoney discussed a concept for having the
Authority serve as a financing mechanism for the Regional Forensics
Lab. He explained several alternatives and the Authority agreed
to a full discussion of the project at their next meeting.
Old business. Chairman Saul reported that his inspection with
Secretary Tim Gubala during January 1991 of the Authority's
checkbook and statements through July 1, 1990, found everything in
order.
Ed Natt reported that he had given Roanoke County an accounting of
funds used in the Allied-Signal project.
Paul Mahoney, Ed Natt and Tim Gubala brought the Authority up to
date on the status of the Allied-Signal project. Under one
scenario, the Authority could receive title to the 159 acres, as
well as the 17 acres, purchased by Allied-Signal after July 1,
1991.
There being no further business, the Authority adjourned at 9 :48
a.m.
Respectfully submitted,
/141A1461
Timothy W. Gubala, Secretary