HomeMy WebLinkAbout2/5/2019 - Regular1
Vinton Town Council
Regular Meeting
Council Chambers
311 South Pollard Street
Tuesday, February 5, 2019
AGENDA
Consideration of:
A. 7:00 p.m. - ROLL CALL AND ESTABLISHMENT OF A QUORUM
B. MOMENT OF SILENCE
C. PLEDGE OF ALLEGIANCE TO THE U. S. FLAG
D. UPCOMING COMMUNITY EVENTS/ANNOUNCEMENTS
E. REQUESTS TO POSTPONE, ADD TO OR CHANGE THE ORDER OF AGENDA
ITEMS
F. CONSENT AGENDA
1. Consider approval of minutes of the Regular Council meeting of January 15,
2019.
G. AWARDS, INTRODUCTIONS, PRESENTATIONS, PROCLAMATIONS
1. Vinton Volunteer Fire Department Quarterly Report – Chief Richard Oakes
H. CITIZENS’ COMMENTS AND PETITIONS - This section is reserved for comments and
questions for issues not listed on the agenda.
I. TOWN ATTORNEY
J. TOWN MANAGER
1. BRIEFINGS
a. Briefing on the 2019 Roanoke County Real Estate Reassessment –
Sandy Walton
b. Briefing on the 2017-2024 grants that have been applied for and secured
by the Town – Nathan McClung
Bradley E. Grose, Mayor
Keith N. Liles, Vice Mayor
Sabrina McCarty, Council Member
Janet Scheid, Council Member
Michael W. Stovall, Council Member
Vinton Municipal Building
311 South Pollard Street
Vinton, VA 24179
(540) 983-0607
2
2. ITEMS REQUIRING ACTION
a. Consider adoption of a Resolution allowing the Town Treasurer/Finance
Director to remove outstanding Personal Property delinquent taxes and
Vehicle License Fees over five years old from the active records to a
permanent file – Anne Cantrell
b. Consider adoption of a Resolution allowing the Town Treasurer/Finance
Director to remove outstanding water and sewer delinquent bills over five
years old from the active records to a permanent file – Anne Cantrell
c. Consider adoption of a Resolution authorizing the Town Manager to
execute an Engagement Letter for Professional Services between the
Town of Vinton and VML VACO Finance – Anne Cantrell
3. COMMENTS/UPDATES
K. REPORTS FROM COUNCIL COMMITTEES
1. Public Works Committee – Joey Hiner
L. APPOINTMENTS TO BOARDS/COMMISSIONS/COMMITTEES
1. Planning Commission
M. MAYOR
N. COUNCIL
O. ADJOURNMENT
NEXT COMMITTEE/TOWN COUNCIL MEETINGS:
February 4, 2019 – 5:30 p.m. – Highway Safety Committee – TOV Conference Room
February 5, 2019 – 5:30 p.m. – Economic Development Committee meeting – TOV Conference
Room
February 19, 2019 – 2:30 p.m. – Finance Committee meeting – TOV Conference Room
February 19, 2019 – 7:00 p.m. – Council Meeting – Council Chambers
NOTICE OF INTENT TO COMPLY WITH THE AMERICANS WITH DISABILITIES ACT.
efforts will be made to provide assistance or special arrangements to qualified individuals with
disabilities in order to participate in or attend Town Council meetings. Please call (540) 983-0607 at
least 48 hours prior to the meeting date so that proper arrangements may be made.
Meeting Date
February 5, 2019
Department
Town Clerk
Issue
Consider approval of minutes of the Regular Council meeting of January 15, 2019
Summary
None
Attachments
January 15, 2019 minutes
Recommendations
Motion to approve minutes
Town Council
Agenda Summary
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MINUTES OF A REGULAR MEETING OF VINTON TOWN COUNCIL HELD AT 7:00 P.M.
ON TUESDAY, JANUARY 15, 2019, IN THE COUNCIL CHAMBERS OF THE VINTON
MUNICIPAL BUILDING LOCATED AT 311 SOUTH POLLARD STREET, VINTON,
VIRGINIA
MEMBERS PRESENT: Bradley E. Grose, Mayor
Keith N. Liles, Vice Mayor
Sabrina McCarty
Janet Scheid
Michael W. Stovall
PLANNING COMMISSION
MEMBERS PRESENT: Robert A. Patterson
William E. Booth
Robert W. Benninger
David R. Jones
Keith N. Liles
STAFF PRESENT: Barry W. Thompson, Town Manager
Susan N. Johnson, Executive Assistant/Town Clerk
Jeremy Carroll, Town Attorney
Pete Peters, Assistant Town Manager/Director of Economic
Development
Anne Cantrell, Treasurer/Finance Director
Joey Hiner, Public Works Director
Thomas Foster, Police Chief
Anita McMillan, Planning & Zoning Director
Fabricio Drumond, Assistant Police Chief
Nathan McClung, Principal Planner
at 7:00 p.m. The Town Clerk called the roll with
Council Member McCarty,
Scheid, Council Member Stovall
Liles and Mayor Grose present. Anita McMillan
Robert W. Benninger, William E. Booth, Robert
A. Patterson, Vice Chairman David R. Jones and
Chairman Keith N. Liles present
Roll call
After a Moment of Silence, Dalton Arnold with
the Boy Scouts led the
the U.S. Flag.
Under upcoming community events, Council
January 18 – 7:30 p.m. –
hockey and January 19 – 7:30 p.m. – Virginia
Tech v. JMU – Lancer Lot; January 25 –
Lunchtime Theater –
January 25 – 7:30 p.m. – Virginia Tech v. George
Washington and January 26 – 7:30 p.m. –
Virginia Tech v. Delaware – Lancer Lot; February
2
– War Memorial and there is now a Yoga Class
being offered on Wednesdays
Center.
approve the Consent Agenda as presented
motion was seconded by Vice Mayor Liles and
voting: Vote 5-0; Yeas (5) – McCarty, Scheid,
Stovall, Liles, Grose; Nays (0) – None.
Approved minutes of
meeting of December 18, 2018
Under awards, introductions, presentations,
Chief Foster
as Officer of the Quarter.
package and is on file in the Town Clerk’s Office
as a part of the permanent record.
Council Member Scheid asked
decrease in the traffic stops and traffic summons
Captain Drumond responded
events that officers work d
November and December and t
are down two officers and have one on extended
those usually take up the resources because one
officer cannot handle all of them and they are
time consuming.
With regard to Code Enforceme
were opened in November were the same three
comparison data b
Resource Officer and all of the code enforcement
was being handled by
Captain Drumond responded that he did not have
information to Council.
Captain Drumond next re
in for the quarter.
3
The next item on the agenda was a quarterly
report from the Vinton Volunteer First Aid Crew.
Chief Guffey reviewed his
reports, which were a part of the agenda package
and are on the file in the Town Clerk’s Office as a
part of the permanent record. Chief Guffey
commented there was a big jump in the number of
report because they had started doing countywide
responses mid-year. Last night the Crew voted to
repurpose the truck. Now a
water on them and there is a protocol for rehab in
place.
Council Member Scheid asked if there would ever
be a time when you would have too many
members that you could not
enough calls to keep them
in
have to run 24 hours a month
point now where they are not looking so much for
applications.
Council Member Scheid next asked if the calls that
are drug related could be broken out on either a
quarterly or yearly basis. Chief Guffey responded
it would be difficult to pull those numbers because
of how they are put in. Police calls are put in as
drug overdose, but their
ALSC.
report back to Council.
Captain Drumond commented
summary from the
on the opioid epidemic and that it is skyrocketing.
He also commented on the statistics comparing
2016 and 2017 for Fentanyl and Heroin overdose,
the number of emergency room visits for opioid as
increase of Hepatitis C cases and HIV. A graph of
the State shows
fewer cases, but Roanoke Ci
County areas are in a darker shaded area. Chief
Foster commented that for the first time in history
vehicle traffic fatalities in the Common
Virginia and nationwide. Our traffic summonses
were down, but drug arrests were nearly double
and we are seeing that trend which is affecting all
4
Chief Guffey next commented that they have the
Medic 21 ambulance back and runn
thanked Council for their support.
The next item on the agenda was the
consideration of public comments
amendment to the Town of Vinton 2004 – 2024
incorporate by reference the Vinton UDA–
Action Plan. The Mayor opened the Public Hearing
at 7:35 p.m.
Anita McMillan commented in September of 2017
design
zoning and subdivision ordinance. As required by
the grant, an advisory committee was established
in November of 2017
three times and all document
process.
session and were given a PowerPoint presentation
on the Design Guidelines and Action Plan and the
framework for
subdivision ordinance. They plan to start working
in February and have a list of names to contact for
the Committee.
Hearing is for
Guidelines and Action Plan which states how
development in the downtown area. The Planning
Commission had a work session prior to this joint
Public Hearing.
complete the work of the advisory committee. Ms.
McMillan responded yes. Once Council adopts the
Ordinance, it will be submitted and the grant will be
closed. Vice Mayor Liles commented that there
were a lot of dedicated citizens that showed up at
good plan to adopt for our comprehensive plan.
the Public Hearing at 7:40 p.m.
Public Hearing opened
5
the meeting over to Ms. McMillan for the Planning
Commission recommendation.
Planning Commission Member Patterson
made a motion to recommend that Council adopt
the Ordinance as presented
seconded by Planning Commission Member
Booth and carried by the following roll call vote,
with all members voting: Vote 5-0; Yeas (5) –
Patterson, Booth, Benninger, Jones, Liles; Nays
(0) – None.
Vice Mayor Liles made a motion to adopt the
Ordinance as presented
seconded by Council Member McCarty and
carried by the following roll call
members voting: Vote 5-0; Yeas (5) – McCarty,
Scheid, Stovall, Liles, Grose; Nays (0) – None.
Public Hearing closed
Recommended that Council adopt
Ordinance
Adopted Ordinance No. 998 approving
the
2004 –
reference the Vinton UDA–Downtown
Public Realm De
Action Plan
Planning Commission Member Booth made a
motion to adjourn the Planning Commission; the
motion was seconded by Planning Commission
Member Jones
with all members voting: Vote 5-0; Yeas (5) –
Patterson, Booth,
(0) – None.
Planning Commission adjourned
The next item on the agenda was a further
I, In General, and Article II, Recycling, of Chapter
78, Solid Waste, in its entirety
Recycling and Article III, Penalties of Chapter 78,
Solid Waste, of the Town Code.
Joey Hiner first commented that the Public Works
Committee met on January 3, 2019 and the main
topic of that me
Waste Ordinance and associated comments from
Council at the briefing. One
proposed Ordinance is
Manager to make
without
bringing it back to Council for action.
With regard to the information notices that were
discussed to be sent out
businesses explaining the new system will be
mailed out approximately four weeks prior to the
roll-out. There will be a notification letter tailored
for the downtown customers and one for all other
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Public Works staff met with property manager of
South Hampton who will be speaking to the
Homeowners Association Board at their meeting
this Thursday.
going to the carts, the issue of going onto private
property and some options such as dumpsters.
Staff also made contact with a Board member for
the Dillon Woods Townhomes who will schedule
a residents meeting to discuss the issues that will
businesses, staff has
businesses, particularly those that have a higher
Public Works Committee meeting, options for
areas.
and apartment building on Fairmont Street and
dumpster service
Vice Mayor Liles next
with the residents of South Ha
Woods being homeowners and having to pay for
their trash pickup since they do pay taxes to the
Town. Mr. Hiner responded that the
looking at some sort of cost share or what it
would cost for the Town to offer dumpster service
and we
screening that is required to go around them. It
would require the
their trash to that dumpster, but in speaking with
the property manager, she said that could take of
some issues they have been experiencing with
in back of the units.
Vice Mayor Liles next asked about the location of
a dumpster in Dillon Woods
would not be a good option. M
commented that staff agreed that would not be a
suggested could be to provide smaller carts for
them that could be taken to the
Dillon Drive or Hardy Road. There are 13 units,
so you would be
direction and seven the other. Also, each unit
has a garage and there
the larger cart.
Council Member Scheid commented that we are
Authorized
7
areas whether it is Dillon Woods with 13 units or
South Hampton with 108 units and have them be
will work for everyone.
Vice Mayor Liles commented that he did not like
up their trash no matter what and if
going to pick up their trash, we should not pick up
taxes. Mr. Hiner responded that he is using the
term cost share, but we are evaluating the cost
and considering having the T
greater portion of that cost.
dumpsters and his concerns about how they are
constructed in town. Anita McMillan commented
the current zoning
have to go through a site pl
have been
though it was not restaurant. As they review the
looking at the sc
type of business. The Mayor commented that his
concer
there is some scr
such as at the shopping center. There were also
issue is addressed in the new ordinance.
Council Member Scheid asked about the timeline
and more detail about the conversations with the
downtown business owners.
responded that currently we collect three days a
week in the downtown area usually between 6
and 7:00 a.m. The refu
Lee is placed on the sidewalk; however, some of
the businesses do not open until 8 or 9 a.m. and
we do not want them to leave their trash out over
the weekend if they are closed.
Vinton Appliance and the
have their own private alley to store their carts;
however, we pick
we are working
something
The businesses across the street do not have an
alley to place their carts
8
We have talked with them to get their input and
are working to see what solution would work best
for them. Council Member Scheid commented
Appliance has the largest amount of cardboard,
but there are some other businesses downtown
that have cardboard as well.
The Town Manager commented that we originally
were requesting to schedule the
for February 5th. However,
continue to work with the matters just discussed,
we could schedule the Public Hearing for
February 19th and still meet our timeline. In order
to meet our schedule, we do need for Council to
authorize staff to start the process of ordering the
carts. We have an idea of the number we need
to move forward with and would like to ge
purchase order issued.
Council Member Scheid commented that
important to move the Public Hearing
to allow staff to
the carts as soon as possible.
Manager commented that the funding i
in this year’s budget to utilize fund balance.
agrees we should order the carts. With regard to
South Hampton, he does
Public Hearing unless the citizens there
understand what the situation is. He does not
they do
opinion.
would probably make a decision and just tell the
citizens what they are going to do. Council
Public Hearing for February 19th and let the
property manager know about the date
addresses and the names of the owners and
tenants. We could let
know that we going to send out a notice to assist
her in getting the information out. A very small
percentage of people attend the HOA meetings.
Council Member Scheid made a motion to
9
2019 and immediately authorize the ordering of
the carts
Member Stovall
call vote, with all members voting: Vote 5-0;
Yeas (5) – McCarty, Scheid, Stovall, Liles,
Grose; Nays (0) – None.
The Town Manager commented
notice and its contents that will be sent out to the
downtown area. The timeline is to
out the first part of April, so the notices would
need to go out the first part of March.
Approved advertising
authorized the ordering of the carts
The Town Manager announced that the
Roanoke Valley Resource Authority
been fixed and the Tinker Creek Transfer Station
has resumed normal rail haul. We do not have to
take our trash to Salem
with the Town during the holidays and allowed us
to take our trash to Tinker Creek.
Under reports from Council Committees,
Anne
Committee met on January 8, 2019.
study on the water system. Davenport completed
a study five years ago.
VML/VACo about financing options for different
projects and meters, the indicated
less than we paid
take a look at all of the upcoming projects, what
we would want for a cash fund and debt fund and
accomplish that.
The Committee next discussed
that go out every other month and manually type
in the readings in a hand held devise. We have
converted most of our businesses to the drive-by
upgrade. We get a much better report by using
an antenna to get the reading. The other option
have. This option uses an antenna placed on a
location somewhere in town which automatically
sends the readings and also sends alerts if there
is a high usage or leak.
10
We would like to consider this as a briefing on
the rate study and would like to bring that matter
back to the next meeting for Council to consider
action on the contract. The long-term goal i
have a rate study that could possibly be enacted
change the rates during a p
high flow in order to have the least impact for our
customers.
With further regard to the meters,
next commented that we have seen an increase
in revenue just from the meters we have replaced
100th of the gallon now, but the
looking at could read to the 10th of a gallon. This
could be pretty significant because anything at
the 60th gallon goes up in the rate structure. We
think this could be a 2% increase in revenue at a
conservative level which would be approximately
VML, even if we went to the remote read system,
we believe it would be $76,000 just by switching
the meters. Based on the system now, we
in revenue from leaks on the citizens’ side. The
drive by would catch it a mon
would reduce the write-offs to about $19,000 and
with the remote read, we think we would catch it
immediately and would have a very small write-
off amount of perhaps $1-2,000.
threshold. When
audit, anything over $5,000 has to be listed as a
capital asset, which means that we depreciate it
and track it. That is the minimum threshold from
GFOA. Staff requested to increase it to $10,000
and the Finance Committee gave their approval.
Ms. Cantrell next reviewed the November
Financial Statement. In the General Fund, we
estimated to be $1.8 million in the negative, but it
ended up being $1.2 million. The Grant Fund,
Utility Fund and Stormwater Fund were
positive.
With regard to cash, the General Fund was in the
negative
Our General Fund investments are at $2.4 million
11
Fund was still negative because as we are
waiting for reimbursements
Federal agencies. The Utility Fund was positive
with $1.2 million in the checking account,
$45,000 in utility deposits and investments of
$714,000. The Stormwater Acc
positive.
Ms. Cantrell next commented that with revenues
and expenditures
over 115%. The main items that attributed to this
were real property taxes, which means we took in
a higher percentage than we expected before our
December 5th deadline; t
was up
estimated, the
what we estimated and the meals tax was
$24,000 above what was estimated with
Macado’s only being open for one week.
The revenue from use of property was up $9,000
and our charges for services, which includes our
fee for transport and other items were
$5,000. Our recovered costs were
the good, but most of that is an insurance claim
that we will be bringing to Council at a later date
to appropriate down to our expenditure. The best
category was our state sales tax which was over
$85,000 what was estimated. Other categorical
aid was about $73,000 above
estimated due to the highway maintenance funds
coming in at more than was budgeted.
With regard to
Police Department, they are
approximately $9,500.00. As
explained in their presentation tonight, the
criminal cases are up and those typically are not
the fines and forfeitures that you ge
traffic stops. For
$17,000, charges for se
Memorial are under
$18,000 and miscellaneous income is under
$13,000.
For the Grant Fund, we are still waiting on some
in line.
In the Utility Fund, our revenue is $160,000 over
12
of our budget. In researching why revenue was
higher, most of it was that utilization was up in all
areas and collections are coming in.
With regard to expenditures we are over in legal
and communication services.
just received the bills for five months in January,
so there is no expense showing on this report.
Our Grant Fund is coming in as expected and our
Utility Fund is $203,000 to the positive
water administration, but
Stormwater
remaining and expenditures of 72% of the
budget.
Council Member Scheid
approve the November 2018 Financial Report as
presented; the motion was seconded by Vice
Mayor Liles
with all members voting: Vote 5-0; Yeas (5) –
McCarty, Scheid
– None
Approved the November
Report
The Mayor commented on the past year and
a part in all of the great accomplishments. He is
and the Town Manager to prepare
Town and
future meeting.
Comments from Council: All members of
the accomplishments of 2018.
commented on the 85 new residents
have at the William Byrd apartments next year and
some interest happening with the 40 acres of
developable land on Niagara and Shelbourne.
Council Member McCarty commented
Vinton Needy Family program and what they did
during the holiday season.
Council Member Scheid as
on the Housing Study. Anita McMillan commented
they received 23 and that Nathan McClung
13
commented that there will be a follow-up meeting
in February with those that completed the surveys
and then the process will start with doing the audit
work
further commented that the gift cards donated from
town businesses were
responses.
Council Member Scheid next asked if staff has had
any feedback on the changes to Valley Metro. The
any negative or positive feedback and that the bus
shelter is being moved from the library site to the
site in front of the Municipal Building.
Council
would be good to look at how having the
Community Resource Officer doing th
enforcement is working. After comments from Ms.
commented that we need to be aware of how it is
working because we received some criticism of the
decision to move it to the Police Department.
difference with the Planning Office being able to do
Manager commented that for any code
enforcement issues that come to his office, Officer
Bray is very responsive in dealing with those and
reporting back to him.
Council Member Stovall commented that a private
how he represents
Roanoke Valley.
Under appointments to Boards/Commissions/
appoint Sara Reid to the Roanoke Valley Regional
beginning January 15, 2019 and
31, 2021; the motion was seconded by Council
Member Scheid and carried by the following vote,
with all members voting: Vote 5-0; Yeas (5) –
McCarty, Scheid, Stovall, Liles, Grose; Nays (0) –
None.
Appointed
Valley Regional Cable TV Committee to an
2019 and ending August 31, 2021
The next item on the agenda was a request to
convene in Closed Meeting, pursuant to § 2.2-
3711 (A) (3) of the 1950 Code
14
purpose, where discussion in an open meeting
would adversely affect the bargaining position or
negotiat
pursuant to § 2.2-3711 (A) (29) of the 1950 Code
of Virginia, as amended, for discussion of contract
Gain Sharing Agreement.
McCarty made a motion to conven
Session; the motion was seconded by Vice Mayor
members voting: Vote 5-0; Yeas (5) – McCarty,
Scheid, Stovall, Liles, Grose; Nays (0) –
Council went into Closed Session at 8:45 p.m.
At 9:26 p.m., the regular meeting reconvened and
the Certification that the Closed Meeting was held
approved on motion by Council Member Stovall;
seconded by Council Member McCarty and carried
voting: Vote 5-0; Yeas (5) –
Stovall, Liles, Grose; Nays (0) - None.
Certification of Closed meeting
The Mayor commented that Council has before
Fargo lot and also two parcels located
corner of South Pollard Str
Mayor Liles made a motion to
purchase of these three properties; the motion was
seconded by Council Member McCarty carried by
4-0; Yeas (4) – Scheid, Stovall, Liles, Grose; Nays
Authorized the purchase of property
located on the corner of Cedar Avenue and
First Street, commonly known as the Wells
Fargo lot and two parcels located on the
corner of South Pollard Street and Cedar
Vice Mayor Liles made a motion to adjourn the
meeting; the motion was seconded by Council
Member Stovall and carried by the following vote,
with all members voting: Vote 5-0; Yeas (5) –
McCarty, Scheid, Stovall, Liles, Grose; Nays (0) –
APPROVED:
_______________________________
Bradley E. Grose, Mayor
ATTEST:
______________________________
Susan N. Johnson, CMC, Town Clerk
Meeting Date
February 5, 2019
Department
Vinton Volunteer Fire Department
Issue
Quarterly Report for 2nd Quarter-October, November, December 2018
Summary
Chief Richard Oakes will be present to give this report to Council.
Attachments
2nd Quarter Report
Recommendations
No action required
Town Council
Agenda Summary
Vinton Volunteer Fire Dept. Second Quarter Report
October 2018 Total Man Hours - 125
October 2018 Total Calls - 58
Calls Volunteer Hours - 25
Calls Career Hours - 33
November 2018 Total Man Hours - 135
November 2018 Total Calls - 55
Calls Volunteer Hours - 23
Calls Career Hours - 32
December 2018 Total Man Hours - 130
December 2018 Total Calls - 58
Calls Volunteer Hours - 25
Calls Career Hours - 33
Total Man Hours for Second Quarter - 390
Average Man Hours Per Month - 130
Total Calls for Second Quarter - 171
Average Calls Per Month - 57
Total Calls Volunteer Hours for Second Quarter - 73
Average Calls Per Month - 24.3
Total Calls Career Hours for Second Quarter - 98
Average Calls Per Month - 32.6
Top 3 Call Types for the Second Quarter
1 - BLS - ALS Related Calls - Total for Second Quarter - 87
2 - Vehicle Accidents - Total for Second Quarter - 18
3 - Commercial Fire Alarms - Total for Second Quarter - 7
1
Meeting Date
February 5, 2019
Department
Treasurer/Finance Department
Issue
Briefing on the 2018 Roanoke County Real Estate Reassessment
Summary
Each year, the Roanoke County Assessor’s Office establishes the property values for all property
in the County, which includes property within the Town. A letter is developed and sent to all
property owners detailing their assessment values for both the land and buildings. The letter
details the previous three years’ worth of assessments in a table. As required by the General
Assembly, the letter is to state the tax percentage increase or decrease the actual taxes paid
would be as compared to the previous year.
Sandy Walton, Senior Appraiser with Roanoke County Real Estate Valuation, will give the
PowerPoint presentation at the meeting and answer any questions that Council might have.
Attachments
Power Point Presentation
TOV History Chart
Recommendations
No action required
Town Council
Agenda Summary
Town Of Vinton February 5, 2019
2019 Real Estate
Reassessment
2019 TOV Real Estate Assessment
Category
Residential 376,814,700 385,729,700 8,915,000 2.37%
Commercial 100,458,300 103,270,600 2,812,300 2.80%
Total 477,273,000 489,000,300 11,727,300 2.46%
2.21%
2.67%
2.84%
0%
2.80%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Single Family
Urban
Single Family
Suburban
Multi-Family
Residential
Agricultural
(20-99 Acres)
Agricultural
(Over 99 Acres)
Commercial/
Industrial
Ye
a
r
-Ov
e
r
-Ye
a
r
%
C
h
a
n
g
e
2019 Assessment Percentage Change by Classification*
Assessment Increase Attributed To:
New Construction 538,700 0.12%
Market Value 11,188,600 2.34%
Total 11,727,300 2.46%
Residential
2.37% Commercial
2.80%
*As of January 10, 2018
Real Estate Valuation
Management & Budget 2
$229,900
$41,600
$402,300 $548,200
$858,100
$1,257,700
$97,400
$357,000
$305,300
$756,000
$675,300 $52,600
$637,000
$420,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
2012 2013 2014 2015 2016 2017 2018
Commercial
Residential
TOV New Construction History
3
Real Estate Valuation
Management & Budget
4
Real Estate Valuation
Management & Budget
Median Sales Price History – Single Family
Residential
$193,000 $197,000 $193,000 $198,250 $202,000 $195,000 $200,000 $196,000
$209,750 $209,500
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
Me
d
i
a
n
S
a
l
e
s
P
r
i
c
e
Median Sales Price - Residential
2009 through 2018
5
Real Estate Valuation
Management & Budget
History of Residential Sales
939
800
635
746
953 938
1,033 1,095
1,136 1,027
157
173
153 156 153
123 119 113
95
57
0
20
40
60
80
100
120
140
160
180
200
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
Fo
r
e
c
l
o
s
u
r
e
s
Nu
m
b
e
r
o
f
S
a
l
e
s
History of Total Sales and Foreclosures
2009 through 2018
Number of Sales Foreclosures * As of 11-15-2018
6
Real Estate Valuation
Management & Budget
2019 Board of Equalization Hearing Dates
•Formal Appeals (Board of Equalization)
•Dates for BOE meetings are as follows:
•April 25, 2019
•August 1, 2019
•October 31, 2019
•For appointment information or to schedule a BOE meeting call Real Estate Valuation Office at
772-2035 extension 0 for an appointment
Disabled Veterans Property Tax
Exemption
7
•Administered through Commissioner of Revenue’s Office
•Criteria for veterans or surviving spouse
•Principal place of residence
•Owned and occupied by disabled veteran or unremarried surviving spouse
•Certification letter stating that disability is 100% service related
•Information available on Roanoke County website or contact the Commissioner of
Revenue’s office at (540) 776-7116 or (540) 772-2048.
Real Estate Valuation
Management & Budget
Tax Freeze Program for the Elderly
& Disabled
8
•Administered through Commissioner of Revenue’s Office
•Criteria
•Disabled or over age 65
•Combined income of less than $56,566
•Net assets not exceeding $200,000
•Information available on Roanoke County website or contact the Commissioner of
Revenue’s office at (540) 776-7116 or (540) 772-2048.
Real Estate Valuation
Management & Budget
Comments
9
TOV 2019 Reassessment
*As of 1/10/19
2/1/2019
Class Description
2018
Reassessment (Jan
Reassessment
(as of 1-10-19)
Difference
Between Percentage of
01-00 Single Family Residential - Urban 273,662,900 279,705,900 6,043,000 2.21%
02-00 Single Family Residential - Suburban 30,155,400 30,959,400 804,000 2.67%
03-00 Multi-Family Residential 72,740,900 74,808,900 2,068,000 2.84%
04-00 Commercial / Industrial 100,458,300 103,270,600 2,812,300 2.80%
05-00 Agricultural / Undeveloped (20-99 Acres) 255,500 255,500 0 0.00%
06-00 Agricultural / Undeveloped (Over 99 Acres)
Sub-total Commercial 100,458,300 103,270,600 2,812,300 2.80%
Sub-total Residential 376,814,700 385,729,700 8,915,000 2.37%
Total $477,273,000 $489,000,300 11,727,300 2.46%
New Construction 0.12%
Market Value 2.34%
Total Increase 2.46%
New Construction 2013
New Construction 2014
New Construction 2015
New Construction 2016
New Construction 2017
New Construction 2018
New Construction
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Percentage of Increase by Classification
Single Family Residential - Urban
Single Family Residential - Suburban
Multi-Family Residential
Commercial / Industrial
Agricultural / Undeveloped (20-99 Acres)
Agricultural / Undeveloped (Over 99 Acres)
-
500,000
1,000,000
1,500,000
2,000,000
History of New Construction New Construction 2013
New Construction 2014
New Construction 2015
New Construction 2016
New Construction 2017
New Construction 2018
Meeting Date
February 5, 2019
Department
Planning and Zoning
Issue
Briefing on the 2017-2024 grants that have been applied for and secured by the Town
Summary
An inter-departmental effort allowed for the Town of Vinton to create a document that displays
all of the grants that have been applied for and secured by the Town. The departments included
in this study include Planning and Zoning, Police, Fire, and the Town Administrative office.
Overall, between 2017 and 2024, the Town of Vinton has been awarded $3,735,193.65 in grant
funds. With a total matching funds amount of $318,887.85, the overall grant total is
$3,416,305.80 awarded to the Town from outside regional, state, and federal departments and
agencies.
Attachments
Grant Overview Document 2017-2024
Recommendations
No action required
Town Council
Agenda Summary
1
Town of Vinton Grants 2017-2024
Planning and Zoning Department
Description: A multi-use trail/greenway from Virginia Avenue to Walnut Avenue
alongside the point where Glade Creek flows into Tinker Creek.
Grant Program: VDOT Revenue Sharing
Match Required: 50%
Award Date: 2015
Completion: July 2017
Description: A multi-use trail/greenway from Walnut Avenue to Gus Nicks Boulevard.
Grant Program: VDOT Transportation Alternative (TA) Program Fund
Match Required: 20%
Award Date: 2016
Completion: October 1, 2020
Description: The development of the Vinton UDA–Downtown Public Realm Design
Guidelines and Action Plan; review, analysis and the development of the
Amount ($): $65,000.00
Description: Bicycle, Pedestrian, and ADA Travel Improvements from 5th Street to the
Town/City of Roanoke Limits.
Grant Program: VDOT Regional Surface Transportation Program (RSTP) Fund
Match Required: No Match Required
Award Date: June 2016
Completion: Fall 2021
2
Walnut Avenue Bike/Pedestrian Accommodations (West Lee Avenue to 1st Street)
Description: Bicycle, Pedestrian, and ADA Travel Improvements from West Lee
Avenue to 1st Street.
Grant Program: VDOT Regional Surface Transportation Program (RSTP) Fund
Match Required: No Match Required
Award Date: June 2018
Completion: Fall 2024
Amount ($): $545,000.00
Description: Project to design and construct a mid-block pedestrian crosswalk with
pedestrian refuge island and crosswalk signage adjacent to the WE
Amount ($): $183,000.00
Description: Implementation of pedestrian safety countermeasures including pedestrian
push buttons and signal heads, high-visibility crosswalk markings,
improved signage, lighting enhancements, and existing curb ramps and
Amount ($): $121,300.00
Description: Implementation of pedestrian safety countermeasures including pedestrian
push buttons and signal heads, high-visibility crosswalk markings,
improved signage, lighting enhancements, and existing curb ramps and
Amount ($): $99,200.00
3
Description: Bicycle, Pedestrian, and ADA Travel Improvements between 1st Street
and 5th
Amount ($): TBD
Town Administration
Description: Planning grant to identify properties that are prime candidates for
rehabilitation and to establish a plan to address and reverse the
deteriorating conditions of some of these homes and to spur new
opportunities for home ownership for LMI households and potential first
Amount ($): $30,000
Description: Draper Aden Associates performed the Phase I ESA in general
accordance with the scope and limitations of the ASTM International
(ASTM) Practice E1527-13 and the USEPA All Appropriate Inquiry Rule
in an effort to identify recognized environmental conditions (RECs) as
defined by the ASTM standard. The Phase II ESA evaluates recognized
Environmental Conditions (RECs) identified in the 2018 Phase I ESA
report completed for the subject property – Former Holdren’s Store and
Former Gish’s Mill. The identified RECs include a variety of commercial
activities and milling activities (i.e., pesticide handling, petroleum use)
conducted at the subject property or in the vicinity of the subject property,
including likely storage, handling, and/or disposal of hazardous
Amount ($): $60,000
4
VML Risk Management Grant
Description: The funds are to be used to purchase safety equipment, attend training
sessions, and for special educational endeavors.
Grant Program: VML Insurance Programs
Match Required: No Match Required
Award Date: Annual Award
Completion: Annual Award
Amount ($): $4,000
Description: Sidewalk construction from Farmer’s Market to 1st Street.
Grant Program: RSTP/ Salem District Funds
Match Required: 2% Match Required
Award Date: 2015 / 2018
Completion: 2016
Police Department
Active Shooter Response Kits
Amount ($): $5,659.00 (including required matching funds)
BVP – Vest Grant
Amount ($): $1,437.55
DMV DUI Task Force 2017-2018
Amount ($): $119,340.12 (including required matching funds)
5
DMV DUI Task Force 2018-2019
Amount ($): $87,319.38 (including required matching funds)
DMV Selective Enforcement 2017 – 2018 – Alcohol Grant
Amount ($): $24,750.00 (including required matching funds)
DMV Selective Enforcement 2018 – 2019 – Alcohol Grant
Amount ($): $22,125.00 (including required matching funds)
IFAK/Trauma Kits
Amount ($): $3,135.60
6
Equipment for the MCSU (Mobile Community Services Unit)
Description: Purchase equipment for the MCSU
Grant Program: Foundation for Roanoke Valley
Match Required: No Match Required
Award Date: June 30, 2017
Completion: August 15, 2017 (when Council/Mayor approved resolution to appropriate
grant funds)
Amount ($): $1,820.00
Fire Department
Description: The Virginia Fire Programs Fund is derived from one percent of fire-
related insurance coverage. Approximately 75 percent of the total fund
goes directly to counties, cities and incorporated towns within the
Commonwealth as Aid to Localities (ATL). ATL provides Virginia cities,
towns and counties with funds to pay for training, construction of training
centers, firefighting equipment and protective clothing. Allocations are
Amount ($): $27,073.00
7
Overall Funding Amounts
Awarded: $3,262,992.00
Pending: $0.00
Local Match: $243,742.00
Awarded: $179,542.00
Pending: $0.00
Local Match: $1,710.85
Awarded: $265,586.65
Pending: $0.00
Local Match: $73,435.00
Awarded:
Pending: $0.00
Local Match: $0.00
Awarded:
Pending: $0.00
Local Match: $318,887.85
Meeting Date
February 5, 2019
Department
Finance/Treasurer
Issue
Consider adoption of a Resolution allowing the Town Treasurer/Finance Director to remove
outstanding Personal Property delinquent taxes and Vehicle License Fees over five years old
from the active records to a permanent file.
Summary
According to State Code Section 58.1-3940, collection of local taxes is only enforceable for five
years following December 31 of the year for which such taxes were assessed. All efforts were
made by the Treasurer’s Office to collect the delinquent taxes, including reporting them to the
State Debt Set-Off Program.
Attachments
Resolution
Recommendations
Motion to adopt Resolution
Town Council
Agenda Summary
RESOLUTION NO
AT A REGULAR MEETING OF THE VINTON TOWN COUNCIL HELD ON TUESDAY,
FEBRUARY 5, 2019 AT 7:00 PM IN THE COUNCIL CHAMBERS OF THE VINTON
MUNICIPAL BUILDING, 311 SOUTH POLLARD STREET, VINTON, VIRGINIA
WHEREAS, the Town of Vinton is maintaining records of outstanding Personal Property
delinquent taxes for 2013 in the amount of $6,962.27; and
WHEREAS, the Town of Vinton is maintaining records of outstanding Vehicle License Fees for
2013 in the amount of $11,875.49; and
WHEREAS, the personal property taxes and vehicle license fees are over five years old and
collection is no longer enforceable by Section 58.1-3940, of the 1950 Code of
Virginia as amended; and
WHEREAS, the Treasurer’s Office/Finance Department has made all efforts to collect on these
balances and has turned them over to collections and the State of Virginia Debt Set-
Off Program.
NOW, THEREFORE, BE IT RESOLVED that the Vinton Town Council does hereby direct the
Treasurer/Finance Director to have the outstanding accounts removed from the active records and
placed in a permanent file where, if the opportunity arises, the accounts may be collected.
This Resolution adopted on motion made by ________________, seconded by ____________, with
the following votes recorded:
AYES:
NAYS:
APPROVED:
_____________________________
Bradley E. Grose, Mayor
ATTEST:
___________________________________________
Susan N. Johnson, CMC, Town Clerk
Meeting Date
February 5, 2019
Department
Finance/Treasurer
Issue
Consider adoption of a Resolution allowing the Town Treasurer/Finance Director to remove
outstanding water and sewer delinquent bills over five years old from the active records to a
permanent file.
Summary
As of December 31, 2018, the water and sewer accounts over five years old and inactive have
been deemed uncollectible in the amount of $11,553.50. All efforts have been made to collect the
delinquent water and sewer bills, including submitting them to debt set-off program for collection.
The delinquent listings are available in the Treasurer’s office and will be maintained in the event
that an opportunity should arise to collect one of these outstanding accounts.
Attachments
Resolution
Recommendations
Motion to adopt Resolution
Town Council
Agenda Summary
RESOLUTION NO
AT A REGULAR MEETING OF THE VINTON TOWN COUNCIL HELD ON TUESDAY,
FEBRUARY 5, 2019 AT 7:00 PM IN THE COUNCIL CHAMBERS OF THE VINTON
MUNICIPAL BUILDING, 311 SOUTH POLLARD STREET, VINTON, VIRGINIA
WHEREAS, the Town of Vinton is maintaining records of outstanding water and sewer accounts
from 2013; and
WHEREAS, as of December 31, 2018 the water and sewer accounts over five years old and
inactive have been deemed uncollectible in the amount of $11,553.50; and
WHEREAS, the Finance Department has made all possible efforts to collect on these outstanding
balances, including the submitting of these accounts to the debt set-off program.
NOW, THEREFORE, BE IT RESOLVED that the Vinton Town Council does hereby direct the
Treasurer/Finance Director to have the outstanding amounts removed from the active records and
placed in a permanent file where, if the opportunity arises, the accounts may be collected.
This Resolution adopted on motion made by ________________, seconded by ____________, with
the following votes recorded:
AYES:
NAYS:
APPROVED:
_____________________________
Bradley E. Grose, Mayor
ATTEST:
__________________________________________
Susan N. Johnson, CMC, Town Clerk
Meeting Date
February 5, 2019
Department
Treasurer’s Office/Finance Department
Issue
Consider adoption of a Resolution authorizing the Town Manager to execute an Engagement
Letter for Professional Services between the Town of Vinton and VML VACO Finance.
Summary
On January 7, 2019 the Town contacted VML VACO Finance regarding desired changes in the
Utility Fund. The Finance Committee was briefed at the regularly scheduled meeting that day
regarding the estimated cost and benefit of installing new meters at the locations located on the
Town’s water line. Staff recommended performing a rate study to ensure that future needs and
current needs would be sustainable under the rate structure.
Council was briefed on the current method of reading and the engagement letter for a rate study
at the meeting on January 15, 2019. The cost to perform the rate study will be $12,500. Funds are
currently budgeted for this project, and will not require a mid-year appropriation.
Attachments
Engagement Letter
Resolution
Recommendations
Motion to adopt Resolution
Town Council
Agenda Summary
Virginia Local Government Finance Corporation Steven C. Mulroy
8 E. Canal Street Managing Director
Richmond, Virginia 23219
(804) 648-0635
January 7, 2019
Mr. Barry Thompson
Town Manager
Town of Vinton, Virginia
Email: bthompson@vintonva.gov
RE: Municipal Advisory Services Agreement
Dear Barry:
On behalf of the Virginia Local Government Finance Corporation (“VLGFC,” d/b/a VML/VACo
Finance), I am pleased to present this proposed agreement for Municipal Advisory Services for
the Town of Vinton, Virginia. The letter contains information about VML/VACo Finance’s
qualifications and describes the specific deliverables that we will develop pursuant to the
agreement.
Scope of the Engagement
Based on our discussions, I understand that the Town would like assistance in evaluating debt
affordability and financing options for various capital projects related to the Town’s water
system. It is my understanding that the Town intends to finance all, or a portion, of the projects,
depending on affordability. VML/VACo Finance will develop a Utility Enterprise Fund rate and
debt affordability analysis, including recommendations on how much project costs to cash fund,
how much to finance, and any changes needed to water rates in order to pay expenses and
additional debt service on the related projects.
VML/VACo Finance is registered as a municipal advisor with the Municipal Securities
Rulemaking Board (MSRB) and the Securities and Exchange Commission (SEC), and as such, is
ideally qualified to assist the Town.
Qualifications of VML/VACo Finance
VML/VACo Finance was founded by the Virginia Municipal League (VML) and Virginia
Association of Counties (VACo) in 2003 as a provider of financial services for Virginia local
governments and governmental entities. The program is administered by the Virginia Local
Government Finance Corporation, a non-profit 501(c)(4) organization. Members of the
Mr. Barry Thompson
January 7, 2019
Page 2
VLGFC’s Board of Directors are selected by VML and VACo. Our staff is headquartered in
Richmond.
Similar, recent engagements include:
▪ A Debt Affordability Analysis for the Town of Haymarket including reviewing its
projected revenue and expenditures, current debt outstanding, key financial ratios before
and after the issuance of new debt, and its comparative standing in relation to its peers in
the region and to issuers rated by the rating agencies.
▪ A Debt Affordability Analysis for the Town of Lawrenceville including revenue
projections based on the increased capacity of a wastewater plant expansion project.
Additionally, we developed and implemented a Plan of Finance to fund the project
detailing the appropriate mix of cash and debt financing.
Since inception, VML/VACo Finance has also assisted Virginia local governments and local
government entities in financing capital projects and equipment through various means,
including competitive and negotiated municipal bond issues, bank placements, equipment leases,
government loan programs, and commercial paper. To date, we have closed on approximately
200 financings totaling more than $1.0 billion. Our financing engagements commonly entail:
▪ Assisting localities in structuring their loans, scheduling debt service payments that meet
their specific requirements;
▪ Performing credit analysis and making recommendations in order to meet the
lending/investment criteria of banks, bond insurers, investors, and rating agencies;
▪ Leading the bond issuance team for major bond issues and coordinating the deliverables
of underwriters, bond counsel, rating agencies, credit enhancement providers, and trustee
banks;
▪ Issuing Requests for Proposals for bank placements and equipment leases, making
vendor selection recommendations, reviewing loan documents, and assisting in closing
activities;
▪ Identifying and executing refunding opportunities to generate debt service savings and/or
reduce the number of years remaining on outstanding debt.
Other engagements have included conducting rating agency presentations with the three
municipal bond rating agencies – including obtaining a first-time unpublished bond rating of
“AA” from Standard & Poor’s for a small Virginia locality – and performing ad hoc research and
making fiscal policy recommendations for governmental entities.
VML/VACo Finance is registered as a municipal advisor with the Securities and Exchange
Commission and the Municipal Securities Rulemaking Board (MSRB). MSRB rules establish a
Mr. Barry Thompson
January 7, 2019
Page 3
code of conduct and standards of professional qualification designed to protect the interests of
municipal entities that rely on the services of municipal advisors. Municipal advisory activities
we conduct on behalf of municipal clients are subject to a fiduciary duty, which means putting
the client’s interest first and providing thoughtful advice that considers all reasonably feasible
alternatives that may be in the client’s interest.
Staffing for this Engagement
Steve Mulroy will be the Principal assigned to the engagement. Steve currently serves as
Managing Director of VML/VACo Finance and has been with the program since 2006. In this
capacity, he has oversight responsibility for the Program’s financing and equipment leasing
programs. Prior to joining VML/VACo Finance, Steve had thirteen years of public finance and
financial advisory experience, including stints at Ferris, Baker Watts and Legg Mason Wood
Walker. As an investment banker, he successfully closed on bond issues totaling more than $800
million for a variety of tax-exempt borrowers, including municipalities, colleges, and health care
providers. Steve earned an M.B.A. from New York University and graduated with a B.S. in
Finance from Villanova University. He also successfully passed the Level 1 Chartered Financial
Analyst exam. Steve is registered as a Municipal Advisor representative, having passed the
Series 50 Municipal Advisor exam.
Kenneth Folk will be the day-to-day contact and provide analytical support for the engagement.
Kenneth joined VML/VACo Finance in 2013 and serves as principal interface to financial
institutions and governmental agencies with which our clients’ loans are placed. In this role, he
conducts credit analysis and represents clients in discussions with financing partners. Previously,
Kenneth has held operational management positions for several mid- to large-size banking and
investment companies in the Richmond area, most recently SunTrust and Wachovia
Securities. Kenneth graduated from Virginia Commonwealth University with a B.S. in Business
Administration. Kenneth is registered as a Municipal Advisor representative, having passed the
Series 50 Municipal Advisor exam.
Robert Lauterberg will collaborate with Mulroy and Folk on the engagement. Bob has served
as Managing Director of VML/VACo Finance since the program’s inception in
2003. Previously, he was Executive Director of the Virginia Resources Authority (VRA), during
which time he introduced VRA’s Pooled Loan Bond Program. He also is a former Director of the
Virginia Department of Planning and Budget. Bob is the immediate past chair of the National
League of Cities Public Finance Consortium and has served on the governing Boards of the
Council of Infrastructure Financing Authorities; the National Association of State Budget
Officers; Rural Economic Development Financial Services, Inc.; George Mason University;
Virginia College Building Authority; and Virginia Debt Capacity Advisory Committee. Bob
holds a B.S. in Economics from the University of Florida and an M.B.A. from The George
Washington University. Bob is registered as a Municipal Advisor representative, having passed
the Series 50 Municipal Advisor exam.
Mr. Barry Thompson
January 7, 2019
Page 4
We may substitute other, similarly qualified personnel during the course of the engagement with
the advance approval of the Town.
Deliverables and Fees
Utility Fund Debt Affordability and Rate Analysis. VML/VACo Finance will prepare a
written report and give a presentation to Town Council to assist staff and Town Council in
evaluating the financial position and debt affordability of the Town’s Utility Fund, including
revenues, expenses, revenue over expenses, reserves, and projected impacts of rate increases.
VML/VACo Finance will incorporate anticipated capital projects related to the water system,
taking into consideration the timing of various projects as well as the source of funding. The
report will include recommendations for increasing revenue to pay ongoing expenses and to
cover additional debt service related to new capital projects.
$12,500 due upon delivery of the Rate Study ($15,000 less $2,500 grant*)
* VLGFC’s Board authorized grants of $2,500 for municipal advisory clients. Grants are
limited to one per participant, per program, per 12-month period.
If the Town decides to pursue a financing for one or more of its capital projects, VML/VACo
Finance can assist the Town with financing(s), for an additional fee.
Additional Terms
VML/VACo Finance will continue to serve as the Town’s municipal advisor without additional
charge through June 30, 2020. During this period, we will be available to cover routine
questions and support. A separate fee schedule will apply for assistance with financings, and for
the delivery of additional reports such as for a plan of finance or a debt affordability analysis for
the General Fund. The agreement may be terminated sooner by written notice provided by either
party.
Should the Town wish to continue the Municipal Advisory agreement after the first year, a retainer
fee (currently $1,500) will be payable on July 1, 2020, and on July 1 of each subsequent year in
which the agreement remains in effect. The retainer fee will cover routine questions and support.
A separate fee schedule will apply to assistance with financings, and for the delivery of additional
reports. VML/VACo Finance will apply the retainer fee to any such billing incurred within the
same fiscal year ending June 30.
So long as this agreement is in effect, VML/VACo Finance will serve as the Town’s exclusive
municipal advisor. VML/VACo Finance agrees to make its best efforts to be available to the
Town upon request, within requested timeframes, to assist with relevant financial matters. In its
role as municipal advisor, VML/VACo Finance agrees to review unsolicited proposals from
investment banking firms, pursuant to MSRB rules that otherwise prohibit investment banks
from presenting unsolicited proposals to governments not represented by a municipal advisor.
Mr. Barry Thompson
January 7, 2019
Page 5
Additional non-routine services may be provided with advance approval of both parties and will
be billed at a rate of $115.00 per hour unless other compensation arrangements are agreed to in
advance.
Pursuant to MSRB rules, VML/VACo Finance submits the following additional disclosure
information:
▪ MSRB has available on its website an informational brochure for municipal advisory
clients (Municipal Advisory Client Brochure). The MSRB website address is msrb.org.
▪ The MSRB collects information from each municipal advisor registrant regarding legal and
disciplinary events, including information about criminal actions, regulatory actions,
investigations, judgments, liens, civil judicial actions, customer complaints, arbitrations,
and civil litigation. None of these events apply to VML/VACo Finance, and there has been
no material change or additions to the event disclosures since our initial filing. The most
recent copies of our reports (Forms MA and MA-I) are available at the U.S. Securities and
Exchange Commission website: sec.gov/edgar/searchedgar/companysearch.html.
▪ VML/VACo Finance receives compensation from participants for each successful closing
in its Fixed Rate Loan Program (a bank loan program), Commercial Paper program, and
Equipment Leasing Program. To help ensure neutral financing recommendations,
whether an in-house or external financing source is selected, the Board of Directors has
established fee schedules that are based upon the actual staff resource requirements of the
particular financing vehicle selected.
To indicate your acceptance of this proposal, please sign below and return a copy of the letter by
U.S. Mail or electronic mail (smulroy@valocalfinance.org).
We look forward to having the opportunity to work with Town.
Sincerely,
Steven C. Mulroy
Cc: Kenneth Folk, VML/VACo Finance
Anne Cantrell, Town of Vinton, Virginia
Mr. Barry Thompson
January 7, 2019
Page 6
The Town of Vinton, Virginia, hereby engages VML/VACo Finance for the Municipal
Advisory Services as outlined herein:
________________________________________________
Barry Thompson Date
Town Manager
RESOLUTION NO.
AT A REGULAR MEETING OF THE VINTON TOWN COUNCIL, HELD ON TUESDAY,
FEBRUARY 5, 2019, AT 7:00 P.M., IN THE COUNCIL CHAMBERS OF THE VINTON
MUNICIPAL BUILDING, LOCATED AT 311 S. POLLARD STREET, VINTON,
VIRGINIA.
WHEREAS, on January 15, 2019, the Town of Vinton Council was briefed on the need for a rate
study to review rates, infrastructure, and other needs to update and sustain the Town
of Vinton Utility System; and
WHEREAS, the Town of Vinton has secured an engagement letter from VML VACO Finance to
perform a rate study on the Town of Vinton Utility System with an agreed upon cost
of $12,500.
NOW, THEREFORE, BE IT RESOLVED, BY THE COUNCIL OF THE TOWN OF
VINTON, VIRGINIA, AS FOLLOWS:
1. The engagement letter is hereby approved in a form presented to Council and approved by
the Town Attorney.
2. The Town Manager is hereby authorized, for and on behalf of the Town, to execute the
engagement letter and any other necessary documents in furtherance of the same.
This Resolution adopted on motion made by Council Member _________________, seconded by
Council Member __________________, with the following votes recorded:
AYES:
NAYS:
APPROVED:
___________________________________
Bradley E. Grose, Mayor
ATTEST:
______
Susan N. Johnson, CMC, Town Clerk
Meeting Date
February 5, 2019
Department
Public Works
Issue
Public Works Committee
Summary
The Public Works Committee met on Thursday, January 24, 2019. The following items were
discussed at the meeting:
• Refuse Ordinance Update
o Council Briefing Comments
o Information Notice
o Refuse Cart Update
Attachments
None
Recommendations
No action required
Town Council
Agenda Summary
Meeting Date
February 5, 2019
Department
Council
Issue
Appointments to Boards/Commissions/Committees
1. Planning Commission
Summary
The following appointment needs to be considered by Council:
Planning Commission
Dave Jones term on the Planning Commission will expire on February 28, 2019. Mr. Jones is
interested in being re-appointed to a new four-year term beginning March 1, 2019 and ending
February 28, 2023
Attachments
None
Recommendations
Motion to re-appoint Dave Jones to the Planning Commission to a new four-year term beginning
March 1, 2019 and ending February 28, 2023
Town Council
Agenda Summary