HomeMy WebLinkAbout10/4/1994 - Minutes •
MINUTES
Industrial Development Authority of Roanoke County, Virginia
October 4, 1994
Members Present: Absent:
Charles Saul, Chairman Bill Branch
Rick Cranwell Carson Quarles
Wayne Dunman Darnall Vinyard
Ron Martin
Timothy Gubala, Secretary
Edward Natt, Counsel
Chairman Saul called the meeting to order at 8:20 a.m. in the
Conference Room of the Roanoke County Administration Center, 5204
Bernard Drive. The minutes of the August 9, 1994 meeting were
approved upon a motion by Rick Cranwell.
Presentation of 1993-94 Audit
Tim Gubala passed out the audit compiled by H. Schwarz & Company.
He explained the different format used by the auditor and the
findings that the Authority was in compliance with generally
accepted auditing and financial procedures.
Treasurer's Report
Tim Gubala reported that the Authority had $3,793 . 00 in their
regular account and $98.27 in the special account.
Tim explained, that the changeover from a checking account to a
savings account would make bookkeeping easier and allow for the
accounts to accrue interest. There are no fees assessed on either
of these accounts.
Ed Natt said he would work with Tim to assess the bondholders for
their portion of the audit fees.
Executive Session
At 8: 30 a.m. , upon a motion by Rick Cranwell, seconded by Ron
Martin, the Authority went into Executive Session pursuant to the
Code of Virginia, Section 2 .1-344 (A) 5 to discuss the location of a
prospective business or industry where no previous announcement has
been made by the business or industry interested in locating in the
community. The motion passed unanimously.
At 8:54 a.m. , upon a motion by Ron Martin, seconded by Rick
Cranwell, the Authority voted to return to open session and
certified by resolution attached that the Executive Session was
held in conformity with the Code of Virginia. The motion passed
unanimously.
Ron Martin made a motion to file an application with Roanoke County
to amend the proferred conditions for Valley TechPark; to reduce
the buffer from 200 feet to 100 feet. Charlie Saul signed the
application and Tim Gubala indicated that the Planning Commission
would place it on the agenda for the November 1, 1994 meeting.
Rick Cranwell seconded and the motion passed unanimously.
There being no further business, the Authority adjourned at 8:57
a.m.
Respectfully submitted,
Timo by W. Gubala, Secretary
Attachment
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