HomeMy WebLinkAbout1/17/1992 - Minutes ` J
MINUTES
Roanoke County Industrial Development Authority
8:45 AM - January 17, 1992
Members Present: Members Absent:
Charles Saul, Chairman Bill Branch
Wayne Dunman Ron Martin
Carson Quarles Darnell Vinyard
Rick Cranwell
Timothy Gubala, Secretary
Edward Natt, Counsel
Others present:
Beth Doughty
Melvin Wooldridge
Chairman Saul called the meeting to order at 8: 50 AM in the
upstairs conference room of the Roanoke County Administration
Center. He welcomed Wayne Dunman, new member from Vinton, VA.
New business:
Chairman Saul altered the order of the agenda to hear a proposal
from Melvin Wooldridge regarding the use of the former Allied-
Signal property in the Glenvar area of the County. Mr. Wooldridge
made a proposal to use the property but declined any inducement
resolution or commitment from the Authority to convey the property
to him.
Ed Natt reminded the Authority that any action regarding the
conveyance of the property would be subject to approval by the
Board of Supervisors; an agreement as to price, terms and
conditions; and zoning approval from the County.
Mr. Wooldridge was asked to prepare a letter of intent explaining
his proposal for the property and to send it to the Authority' s
Secretary Tim Gubala.
Election of Officers
This being the annual meeting, Chairman Saul asked for the
Authority's intentions with regards to officers for 1992 . Carson
Quarles made a motion, seconded by Wayne Dunman that the current
officers serve during 1992 . The motion was approved unanimously.
New Business:
Tim Gubala spoke to the Authority about the former Allied-Signal
property. Allied had conveyed the property back to the Authority
and he wanted to know if the Authority wanted to set a price, a use
for the property to determine conditions and terms and handle
proposals in the future. The Authority discussed these matters and
decided that price and use and terms and conditions should be
determined by the Board of Supervisors. The Authority wanted
future proposals to be in writing so that the Authority and County
could evaluate their merit.
Chairman Saul asked for the Authority to reconfirm the existing
procedures for compensation of the Authority's counsel . Each Bond
Holder is assessed $100 (or one hour of legal services) for
administrative matters regarding the maintenance of the bonds.
This amounts to approximately $3 , 000. The Authority briefly
discussed this matter and upon a motion by Carson Quarles, seconded
by Rick Cranwell, this procedure was unanimously reconfirmed.
Chairman Saul asked if there was other business. Tim Gubala
reported that he, the Chairman and Ed Natt had met to discuss the
receipt of the property from Allied-Signal. Ed offered to record
the deeds and pay for the recordation fees (estimated at $2 , 000)
from the Authority' s bonds. Tim Gubala said that County
Administrator Elmer Hodge wanted the County to pay this so as not
to delete the Authority' s account. Tim Gubala and Ed Natt were to
meet and resolve the details of this matter.
There being no further business, the meeting was adjourned at 9 :47
AM.
Respectfully submitted,
1 4Xk61,(
Timothy W. Gubala
Secretary