HomeMy WebLinkAbout4/21/1995 - Minutes MINUTES
Industrial Development Authority of Roanoke County, Virginia
April 21, 1995
Members Present: Absent:
Charles Saul, Chairman Carson Quarles
Carole Brackman
Bill Branch
Rick Cranwell
Ron Martin Others present:
Darnall Vinyard Al Knighton, Jr.
Timothy Gubala, Secretary-Treasurer Mary Conner
Edward Natt, Counsel W. David Gibb
Chairman Saul called the meeting to order at 9:01 a.m. in the Conference Room of the Roanoke
County Administration Center, 5204 Bernard Drive. The minutes of the February 15, 1995, meeting
were approved upon a motion by Bill Branch, seconded by Darnall Vinyard.
Public Hearing--Hollins College Corporation-Revenue Bond Financing
Chairman Saul opened the public hearing and asked if there were any citizens present who wished to
comment on the matter. There being none, the public hearing was closed.
Preliminary Resolution--Hollins College Corporation
Al Knighton, counsel for Hollins College Corporation, introduced Mary Conner, Comptroller, and W.
David Gibb, Director of Facilities for Hollins College. 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; and 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
financing. Bill Branch made a motion for the Authority to approve the inducement resolution for bond
financing and forward it to the Board of Supervisors. Ron Martin seconded and the motion passed
unanimously.
Report' on the Beahm property
Tim Gubala gave a report on the status of the engineering investigations of the Beahm property. He
indicated that he, Charlie Saul, and Bill Branch had been working with Lumsden
Associates/Geotechnics to conduct subsurface investigations of the Beahm site. Selected borings had
indicated that there was sufficient quantities of subsurface rock formations that would preclude the site
being used for two large industrial buildings. Lumsden Associates had determined that the costs of
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excavation and grading would be prohibitive. Therefore, the Beahm site appears to be better suited
for small industrial buildings.
An appointment has been scheduled with the management at Ingersoll-Rand for April 25, 1995, to
discuss the concept of developing a new access point from their property. Bill Branch agreed to attend
with Tim Gubala.
No action is necessary at this time. The Authority option on the property expires on December 15,
1995, unless notice is given in November 1995 to extend it.
Report on rezoning study
Tim Gubala handed out a memorandum regarding the background of a rezoning study that he is
conducting on behalf of the Board of Supervisors. There are 35-40.parcels of land in Roanoke County
that have potential for commercial or industrial use. A report will be made to the Board of
Supervisors on May 9, 1995, with the recommendation that the Board of Supervisors take action to
rezone the properties and to authorize the IDA to act as its "agent" to do so.
The Authority members asked for a further report and a list of the location and ownership of the
parcels at their next meeting.
Report on shell building proposal
Tim Gubala requested that the Authority consider the formation of a subcommittee to explore various
concepts for the construction of a shell building at Valley TechPark. Chairman Saul reported on the
concept of the shell building under construction in Botetourt County and the importance of a building
in the attraction of business prospects to the Roanoke Valley. Ron Martin and Rick Cranwell agreed
to serve with Charlie Saul on the subcommittee and to develop a recommendation for the Authority.
Tim Gubala and Ed Natt will be available to assist the subcommittee.
Treasurer's Report
Tim Gubala reported that there is $3,484.59 in the regular savings account and $201.70 in the special
account. All outstanding invoices for audit fees and meetings have been paid.
There being no further business, the Authority adjourned at 9:40 a.m.
Respectfully submitted,
MfrO
Timothy W. Gubala
Secretary-Treasurer
Attachment
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