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HomeMy WebLinkAbout5/18/1995 - Minutes MINUTES Industrial Development Authority of Roanoke County, Virginia May 18, 1995 Members Present: Absent: Charles Saul, Chairman Carson Quarles Carole Bradman Rick Cranwell Bill Branch Ron Martin Others present: Darnall Vinyard Al Knighton Timothy Gubala, Secretary-Treasurer Edward Natt, Counsel Chairman Saul called the meeting to order at 9 a.m. in the Conference Room of the Roanoke County Administration Center, 5204 Bernard Drive. The minutes of the April 21, 1995, meeting were approved unanimously upon a motion by Bill Branch, seconded by Darnall Vinyard. Old Business: a. Final Resolution--Hollins College Corporation Al Knighton, counsel for Hollins College Corporation, presented the proposed project and the various documents to be included with the final resolution. The project includes $3,000,000 refunding issue for a 1988 industrial revenue bond that was not issued for the construction/renovation of the gymnasium; a new $2,500,000 issue to construct a new entrance to the college, new parking area and roadway, and for renovation of academic buildings and dormitories and acquiring furnishings and equipment. Hollins College Corporation is a tax exempt 501(C)3 organization, eligible for bond fmancing. Darnall Vinyard made a motion for the Authority to approve the final resolution for bond financing. Ron Martin seconded and the motion passed unanimously. b. Report on Valley TechPark Tim Gubala reported that T.P. Parker& Son had prepared plans and profiles for a 900' extension of the industrial access road at Valley TechPark. This project is funded with a $150,000 grant from the U.S. Department of Housing and Urban Development with the direct assistance of congressman Rick Boucher. The project will be advertised on May 23, 1995, with a bid opening scheduled for June 2, 1995. c. Report on the Beahm property Tim Gubala reported that he had met with Dick Soltis, Manager of Manufacturing Operations, Rock Drill Division, Ingersoll-Rand, about various concepts for access to the Beahm site. Dick asked for a formal letter requesting a review so he could staff the Authority's request at the corporate level. 1 d. Report of shell building subcommittee Charlie Saul reported that there was a subcommittee composed of himself, Rick Cranwell, Ron Martin, Ed Natt, Tim Gubala, and Brian Duncan, Assistant Director of Economic Development. The committee met on April 27, 1995, and decided to send a letter to a dozen area developers,contractors, and investors to determine the interest in pursuing such a project at Valley TechPark. Incentives included a donation of a site, connections to water/sewer, rough grading, access to the industrial access road and private utilities. Two positive responses were received which requested additional time. The consensus of the Authority was that the shell building subcommittee should meet again to review the responses and to notify those developers that more time was available to prepare a letter of interest. e. Report of rezoning study Tim Gubala reported that he had finalized a study of potential commercial and industrial sites in Roanoke County. This study would be presented to the Board of Supervisors at their meeting on May 23, 1995, with the recommendation that the authority be authorized to act as the Board's agent to carry out the rezoning process. Currently, 43 parcels of approximate 955 acres are involved in the comprehensive rezoning. Ed Natt indicated that he would coordinate with the County Attorney and Director of Planning to prepare the appropriate documents and applications for rezoning. New Business a. Approval of final resolution for Springwood Associates Al Knighton presented a final resolution of the refunding of bonds originally issued in 1983 to construct a commercial building on Route 419 in southwest Roanoke County. The partnership owning the project is seeking refinancing of the bonds from a different lender than the bank that originally financed the project. The outstanding bonds of$887,000 will be paid off by the issuance of new bonds. Upon a motion by Bill Branch, seconded by Carole Brackman, the Authority unanimously approved the final resolution. b. Financing statement for Friendship Manor Ed Natt presented a request that he had received from Friendship Manor for the chairman to sign a financing statement that had expired. This was judged to be a routine matter not requiring a formal vote, therefore, Charlie Saul signed for them. Request for an Executive Session under Code of Virginia, Sec. 2.1-344(A)(5)to discuss a prospective business or industry where no previous announcement has been made by the business or industry interested in locating in the community. At 9:30 a.m.,upon motion by Bill Branch, seconded by Ron Martin, the Authority voted unanimously to go into executive session. At 9:36 a.m.,upon motion by Bill Branch, seconded by Carole Brackman, the Authority voted to return to open 2 session and certified by attached resolution that the executive session was held in conformity with the Code of Virginia. Motion passed unanimously. Treasurer's Report Tim Gubala reported that there is $3,740.94 in the regular savings account and $199.70 in the special account. All outstanding invoices for audit fees and meetings have been paid. There being no further business, the Authority adjourned at 9:30 a.m. Respectfully submitted, Timothy W. ubala Secretary-Treasurer Attachment 3 f AT A REGULAR MEETING OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF ROANOKE COUNTY, VIRGINIA, HELD AT THICR021510 H(MONEY IAIRVIlNISTRATION 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 Bill Branch, seconded by Ron Martin and carried by the following recorded vote: AYES: Bill Branch, Charles Saul, Carole Bradman, Ron Martin, Darnall Vinyard NAYS: None ABSENT: Rick Cranwell, Carson Quarles A Copy Teste: Timothy W. Gubala, Secretary-Treasurer Industrial Development Authority of Roanoke County, Virginia 4