HomeMy WebLinkAbout7/18/2001 - Minutes t _ _
Minutes of
Industrial Development Authority of Rdanoke County
10:00 AM
July 18, 2001
MEMBERS PRESENT: OTHER GUESTS:
Bill Branch, Chairman Danial Morris
Neil Gallagher Janet Scheid
Ron Martin Rosemary Trussell Steve Musselwhite
Craig Sharp MEMBERS ABSENT:
Ed Natt, Counsel Carole Brackman
Doug Chittum, Secretary-Treasurer Linwood Windley
Chairman Bill Branch called the meeting to order at 10 a.m. in the conference room of
the Roanoke County Administration Building. The minutes of the April 4, 2001 meeting
were approved.
Unfinished Business
Janet Scheid, Senior Planner in Community Development, explained how the Mini-Grant
Program works and who can qualify. Summaries on the Williamson Road Corridor
Project including application, guidelines and a map highlighting the area to be included in
the project were handed out. The program, started in 1997, requires a 50%match up to
$5,000 (minimum $500) for improvements. Janet noted that the businesses have to be
willing to pay their share in order to qualify for the program. Monies set aside for the
program are transferable to other localities. Janet addressed questions by Steve
Musselwhite and Craig Sharp.
Doug Chittum gave an overview of the activity on the Shell Building. The Board of
Supervisors had deemed a prospect not suitable for this location. There is currently an
international prospect that is very interested and the IDA Board was given notice there
may be a need for an emergency meeting in the next few weeks to discuss issuance of
IDA bonds.
New Business
Ed Natt discussed the.Proof of Claim forwarded to him from Betty Stewart,Brock v.
Merrill Lynch & Co., et al., relating to bonds issued by the political subdivisions during
1986-88. The County of Roanoke IDA may be entitled to recovery but it would take a
good deal of research. The Board asked that Ed write a letter stating a claim and asking
for additional information.
Salem Vent is being released from their commitment in a Public Private Partnership
Agreement made when they purchased 8 acres of land at Valley Tech Park. Their plans
to build fell through. Doug Chittum states that Roanoke County will help market the
property now being listed by Copty& Company.
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Treasurer's Report
Upon Rosemary Trussell's recommendation, the Board unanimously approved by voice
vote to retain John Watkins, CPA, for the 2000-2001IDA Audit at a cost of$1,200.00.
This will not need to go through Procurement.
Steve Musselwhite made a motion to accept the 2001-2002 budget presented by
Rosemary Trussell. Craig Sharp seconded, and the proposal was approved by unanimous
voice vote.
The Board cancelled the August 1, 2001 meeting due to vacation conflicts.
There being no further business,the meeting was adjourned at 10:40 AM.
NEXT MEETING: September 5,2001
Respectfully Submitted:
E. Dou as Chittum
Secretary-Treasurer
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