HomeMy WebLinkAbout3/23/1992 - Minutes MINUTES
Roanoke County Industrial Development Authority
9 AM, March 23, 1992
Members Present: Members .Absent:
Charles Saul, Chairman Wayne Dunman
Bill Branch Darnell Vinyard
Rick Cranwell
Ron Martin
Carson Quarles
Timothy Gubala, Secretary
Edward Natt, Counsel
Others Present:
Dr. H. E. "Chip" Bowling
Joe Thomas, Sr.
Chairman Saul called the meeting to order at 9 AM in the Community
Room of the Roanoke County Administration Center. He introduced
Dr. H. E. "Chip" Bowling, President of Richfield, a 501 c(3) not
for profit corporation in western Roanoke County.
Inducement Resolution - Richfield
Dr. Bowling made a presentation pertaining to his request for up to
$3 , 800, 000 in industrial revenue bonds to construct a home for
adults (assisted living facility) of 120 beds on land at the
Richfield's facility. Dr. Bowling presented the master plan of the
project and indicated that the 44, 000 square foot one-story
facility would bring 25-30 new jobs of $350, 000 annual payroll and
$1. 5 million in revenue to Roanoke County.
Carson Quarles inquired if the bonds would be placed privately and
Dr. Bowling indicated that they would. Upon motion of Carson
Quarles, seconded by Bill Branch, the inducement resolution passed
4-0 with one abstention from Ron Martin. Ron Martin indicated that
he had prepared the plans and architectural designs for the project
and could not vote.
New business
Tim Gubala made a brief presentation on the status of the Glenvar
site (former Allied-Signal property) . He indicated that the County
was preparing a concept plan for development. The County was
extending a sewer line to the property and was evaluating the best
means of providing water to the site. Several prospects have
looked at the property but no offers have been received.
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Tim Gubala asked that the Authority grant the chairman the power to
execute easements for public and private utilities as approved by
the Roanoke County Engineering Department. Bill Branch made a
motion for approval and Carson Quarles seconded. The motion passed
unanimously.
There being no further business, the Authority adjourned at 9 :20
AM.
Respectfully submitted,
(/V\n)°4 w.
Timothy W. Gubala, Secretary
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