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HomeMy WebLinkAbout11/5/1997 - Minutes c Minutes of Industrial Development Authority of Roanoke County 10:00 a.m. November 5, 1997 Members Present: Other guests: Bill Branch, Chairman Elmer Hodge • Carole Brackman Terry Harrington Ron Martin Steve Musselwhite Members Absent: Carson Quarles Rick Cranwell Tim Gubala, Secretary-Treasurer Neil Gallagher Ed Natt, Counsel Bill Branch called the meeting to order at 10:00 a.m. in the conference room of the Roanoke County Administration Building. The minutes of the October 1, 1997 meeting were presented and approved upon a motion by Carson Quarles,seconded by Ron Martin. The motion was approved by unanimous voice vote. Old Business -Project briefing for Valley TechPark Tim Gubala gave a project update in the absence of Brian Duncan. The site grading is essentially complete except for topsoil placement and seeding. The entrance sign letters have been corrected by Acken Signs and the County's Procurement Department is working with Hubbell Electric to develop a lighting plan for the entrance sign. The costs to place lights are within the scope of the $1,000 allotment for this purpose. There were no further questions. Old Business - Survey of fees Tim Gubala presented the background of the fees study requested by Supervisors Chairman Bob Johnson. Elmer Hodge, County Administrator stated that there is interest by the Board in having the Authority consider raising their fees so that any money generated could be used for economic development projects. Carson Quarles felt that the Authority should not raise its fees so that the money generated could be used for"contributions"for other agencies. Carson added that he did not think that the Authority should have an annual interest assessment on the outstanding bond amount. There was a consensus of the Authority not to assess such a fee. Ed Natt noted that it could not be "retroactive" and charged to current bond holders. Ron Martin asked if the proposed$1,250 application fee was appropriate for the cost of rendering service. Tim Gubala and Ed Natt stated that it was. Carson Quarles made a motion to raise the application fee to $1,250. The motion was seconded by Steve Musselwhite and passed by unanimous voice vote. e • New Business -Williamson Road mini-grant application Terry Harrington,Director of Planning and Zoning presented a mini-grant application from Oakey Funeral Home to provide 50%of the cost of a new sign at their Peters Creek Road location. The grant share would be$2,675. Carson Quarles stated that he understood that the mini-grants were targeted for small business use. He also questioned if the Oakey property was in the Williamson Road corridor. Carson thought that Oakey's would have to do a sign anyway. Terry Harrington explained that this location on Peters Creek was within the corridor area . He also stated that the grant criteria did not define the size of a business to be considered. The consensus of the Authority was that the criteria should be reviewed and changed. Carson Quarles made a motion to approve the mini- grant request. Carole Brackman seconded and the motion passed unanimously. New Business -Transfer of funds to Williamson Road Area Business Association Terry Harrington stated that the Board of Supervisors had included $5,000 in the Planning Department budget as a contribution for the Williamson Road Area Business Association(WRABA). Terry noted that 30%of their membership is made up of County businesses. Carson Quarles made a motion to approve the transfer of$5,000 through the Authority to the WRABA. Steve Musselwhite seconded and the motion passed by unanimous voice vote. Treasurer's Report Tim Gubala gave an overview of the Authority's financial report for the period ending September 30, 1997. He went through each subfund and item and brought the Authority up to date on the status of funds in each project area. Tim noted that the Kroger project totals would change because there were property acquisitions that had occurred that weren't posted. Bill Branch asked if 1099's would be issued for the Authority members. Tim said that he would ask Finance to report on this. Bill Branch asked_if there were any other questions from the members; there being none,he thanked Tim for his report. Treasurer's Report-Annual Audit Tim Gubala noted that the audit had been completed and copies mailed to the Authority members. There were no comments or questions. There being no further business,the Authority adjourned the meeting at 10:39 a.m. Respectfully submitted 6AL-AIM Timothy W. Gubala Secretary-Treasurer