HomeMy WebLinkAbout9/5/2024 - MinutesThe Economic Development Authority of Roanoke County
Meeting Minutes
September 5, 2024, the Economic Development Authority met at the Roanoke County
Administration Center
Members Present
Woody Windley, Chair
Greg Apostolou
Todd Ross
Don Sowder
Barry Thompson
Jeremy Carroll
Sunny Shah
Kyle Richardson
Megan Baker, Secretary-Treasurer
Peter Lubeck, Counsel
Guests
Richard Caywood, County Administrator, Roanoke County
Doug Blount, Assistant County Administrator, Roanoke County
Paul Workman, Accounting Manager, Roanoke County
Alexander Jones, Assistant Director Marketing & Business Development, Roanoke County
Lindsay Webb, Assistant Director Business Retention & Operations, Roanoke County
Philip Thompson, Director of Planning, Roanoke County
Pete Peters, Town Manager, Town of Vinton
Marshall Stanley, Economic Development Specialist, Town of Vinton
A. CALL TO ORDER
Chair Woody Windley called the meeting to order at 9:03 a.m.
ROLL CALL
Megan Baker called the roll.
REQUEST TO POSTPONE, ADD TO, OR CHANGE THE ORDER OF THE AGENDA ITEMS
There were no requests to postpone, add to, or change the order of the agenda items.
APPROVAL OF August 1, 2024 MEETING MINUTES
On a motion by Barry Thompson to approve minutes of the August 1, 2024, EDA meeting,
seconded by Sunny Shah, the motion carried unanimously.
FINANCIAL REPORT
1. Financial Report through July 31, 2024
Paul Workman reviewed the statements of revenue, expenditures and changes in the fund
balances ending July 31, 2024. The current year to date activity includes investment income
of $164, insurance costs of $3,778 and the cost to transfer funds to establish the new BEAP
grant of $74,904. Interest revenue is smaller than usual due to year end accruals and a
lower than usual cash balance. Cash available for use was $335,777 for July. The
anticipated sale of the Starkey property will significantly improve the cash holdings when
complete. Grant funds available total $101,406 which includes the Vinton Façade grant and
the new $100,000 BEAP grant. No new Incentive agreements to report for July. No
additional broadband funds are shown for July. Additional broadband funds received and
paid are being recorded in the preliminary June statements because this is the period it is
associated with. Broadband funds received, paid and accrued back includes $35,295 from
B2X.
NEW BUSINESS AND PUBLIC HEARING
1. Town of Vinton Downtown Façade Improvement Program
Barry Thompson motioned, and Todd Ross seconded a motion to approve the proposed
updates to the Vinton Downtown Façade Improvement Program.
The motion passed by a vote of 7. Jeremy Carroll recused himself from the vote.
2. Town of Vinton Downtown Commercial Change of Use Program
Barry Thompson motioned, and Down Sowder seconded a motion to approve the
proposed updates to the Town of Vinton Downtown Commercial Change of Use
Program.
The motion passed by a vote of 7. Jeremy Carroll recused himself from the vote.
BRIEFINGS
1. BEAP Grant Applications
Ms. Webb summarized the criteria for the Business Equipment Acquisition Program (BEAP
Grant). Applications are due September 1, 2024.
2. Glenmary Dr. Project
Mr. Blount provided an update on the status of Glenmary Drive improvements to bring the
road into the Virginia Department of Transportation (VDOT) Secondary System of Roads.
3. Planning Director’s Report
Mr. Thompson discussed approved development projects, approval of the Roanoke County
200 plan, transportation projects, and zoning ordinance amendments. Approved projects
included the Trail Development Group, LLC, Reed Road Solar 1, LLC, Brad Prescott, and
four short-term rentals. Dale Wilkinson submitted a rezoning application for 21.39 acres of
land from I-1 to R-3.
4. Director’s Report
Ms. Baker reported that the hotel study firm has been selected, and the study should start
within the next few weeks.
The partnership with Roanoke County Public Schools will continue this fall with Industry
Insight Tours at OCC, Mack, and Carter Machinery. In celebration of Manufacturing Day on
October 4th, students from the five high schools will tour Mack Double Envelope, Marvin,
OCC, and P1.
REPORTS AND INQUIRIES OF BOARD MEMBERS
None
ADJOURNMENT
On a motion by Jeremy Carroll and seconded by Sunny Shah and a unanimous vote, the
meeting adjourned at 10:20 a.m.
Respectfully Submitted,
Megan Baker
Secretary-Treasurer