HomeMy WebLinkAbout8/24/1993 - Minutes sOANp
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DEPARTMENT OF ECONOMIC DEVELOPMENT
MINUTES
- - ` Industrial Development Authority of Roanoke County, Virginia
August 24, 1993 -
Members Present: -- Others Present:
Charles -Saul,, Chairman Brian Duncan -
_ Bill Branch Diane Hyatt
Rick Cranwell Paul Mahoney
Wayne -Dunman
Ron Martin
Carson Quarles - Absent: - - " .
Timothy _Gubaia, Secretary Darnall Vinyard
Edward .Natt, "Counsel -
Chairman Saul called the meeting to order at 9 : 01 a.m. in the
upstairs Conference Room . of the Roanoke_-County Administration
Center. He-_asked for approval of the minutes and certification of
the executive session of theFebruary 23 , 1993 meeting. Upon
motion of Carson Quarles, seconded by Bill Branch, minutes of the
meeting wereapproved unanimously. - -
New business:-
Valley "TechPark _ =
Tim Gubala reported that the County's request :for industrial access
funds had been approved by_ the Commonwealth Transportation Board in
the amount -of $450, 000. 'This action will contribute towards the -
financing of the road• into Valley TechParkj. The_ preliminary site
plan for =the _industrial park is being reviewed by County_ staff and
the Virginia Department of Transportation. The Virginia Department
of " Transportation- will be constructing the access road and
coordinating with Roanoke County Utility Department and private
utility- companies -to provide infrastructure to the site.
Brian Duncan updated the , Authority on the efforts to acquire
additional acreage from Helen Cox Richards and Bruce Hill. Mrs.
Richards -has signed a contract agreement and Bruce Hill is expected_
to do so soon..
Richfield and Travelers Bond Issue
Carson Quarles asked Diane Hyatt and Paul Mahoney to clarify the
"rumors" he's heard that Roanoke County's bond issue for the
P.O. BOX 29800 •-ROANOKE, VIRGINIA 24018-0798 • (703)772-2069 • FAX. NO.: (703)772-2030
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,Traveler's Building precluded Richfield from obtaining County bond
financing.
A discussion ensued of the differences between the "bank-qualified"
approach that Richfield followed versus the public offering, "non
bank-qualified" method that the County used. Ed Natt and Chairman
Saul asked that Diane Hyatt write a letter to the Richfield Board
of Directors explaining the differences.
Audit
Ed Natt reported that the 1992 Audit was completed and would be
filed with the Virginia Department of Housing and Community
Development and Roanoke County.
At 9: 25 a.m. , upon motion by Carson Quarles, seconded by Bill
Branch, the Authority went into executive session pursuant to the
Code of Virginia, Section 2 . 1-344 (A) (5) to discuss a prospective
business or industry where no previous commitment has been made by
the business or industry interested in locating in the community.
The motion passed unanimously.
At 9:53 a.m. , upon motion by Carson Quarles, 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.
Charles Saul asked for a voice vote of the Authority to establish
a consensus for the County staff and Authority to proceed with an
industrial prospect location package at Valley TechPark. the
consensus to proceed passed 5-0-1 (with Ron Martin abstaining) .
Other business
Tim Gubala noted that the terms of Bill Branch and Darnall Vinyard
would expire on September 26, 1993 . Bill Branch indicated that he
would serve another term.
Ed Natt asked the Authority members to review the information on
recent changes in Industrial Revenue Bonds (that was mailed to the
members) .
There being no further business, the Authority adjourned at 9:50
a.m.
Respectfully submitted,
Timothy W. Gubala, Secretary
2
AT A REGULAR MEETING OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF
ROANOKE COUNTY, VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION
'CENTER ON AUGUST 24, 1993 ,
Resolution certifying Executive Meeting was
held in conformity with the Code of Virginia
Whereas, the ' Industrial Development Authority of Roanoke
County, Virginia, has convened an executive meeting on this date
pursuant to an affirmative recorded vote and in accordance with the
provisions of the Virginia Freedom of Information Act; and
Whereas, Section 2 . 1-344 . 1 of the Code of Virginia requires a
certification by the Industrial Development Authority of Roanoke
County, Virginia, that such executive meeting was conducted in
conformity with Virginia law.
NOW, THEREFORE, BE IT RESOLVED, that the Industrial
Development Authority of Roanoke County, Virginia, hereby certifies
that, to the best of each members knowledge:
1. Only public business matters lawfully exempted from open
meeting requirements by Virginia law were discussed in the
executive meeting which this certification resolution applies, and
2 . Only such public business matters as were identified in .
the motion convening the executive meeting were heard, discussed or
considered by the Industrial Development Authority of Roanoke
County, Virginia.
On motion of Carson Quarles and carried by the following
recorded vote:
AYES: Charles Saul, Bill Branch, Rick Cranwell, Wayne Dunman,
Ron Martin, Carson Quarles
NAYS: None
ABSENT: Darnall Vinyard
A Copy Teste:
Timothy W. Gubala, Secretary
Industrial Development Authority
of Roanoke County Virginia