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HomeMy WebLinkAbout1/19/2021 - Economic Development (EDA) - Minutes - RegularMINUTES OF THE REGULAR MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SALEM, VIRGINIA A meeting of the Economic Development Authority of the City of Salem, Virginia, was held in the Community Room at the Salem Civic Center on January 19, 2021 at 3:00 p.m. The following members of the Authority were present: Cindy Shelor, Dave Robbins, Rob Robinson, and Macel Janoschka (remote) There, also present was Rob Light, Assistant City Manager, Rosie Jordan, Treasurer, Mike Lockaby, Guynn, Waddell, Carroll & Lockaby, P.C., and Crystal Williams, Secretary to EDA. The Chair called the meeting to order at 3:00 p.m. The Chair noted that Wayne Adkins has resigned from the board. The minutes were presented for approval. Ms. Williams noted a change was made in the December 15, 2020 minutes. The Chair called for a motion to approve the minutes from the December 10, December 15, 2020 meetings and January 12, 2021 minutes. Motion: Robbins; Second: Robbins All aye Ms. Jordan reviewed the financial report. A discussion was held, and the financial report was received and filed. Ms. Jordan gave and update on the small business assistance and non-profit grant programs. All checks have been written and mailed. A motion was made to convene in Closed Session pursuant to Section 2.2-3711A (39), to consider proprietary information provided by business applicants for grants under the COVID-19 Disaster Grants for Small Businesses Program in that such proprietary information was voluntarily provided by such applicants pursuant to a promise of confidentiality to be considered by the EDA in making monetary grants to foster business retention in the City of Salem. Motion: Mongan; Second: Robinson All aye The EDA reconvened at 3:22 p.m. in accordance with Section 2.2-3712D of the Code of Virginia, 1950 as amended to date, the EDA hereby certified that in Closed Session only items lawfully exempted from open meeting requirements under the Virginia Freedom of Information Act and only such items identified in the motion by which the Closed Session was convened were heard, discussed, or considered by the EDA. Motion: Mongan; Second: Robinson All aye The Chair stated the next item on the agenda was annual consideration of election/re-election of EDA officers. A motion was made to nominate Dave Robbins as Chairman, Quinn Mongan as Vice Chairman, Rosie Jordan as Treasurer and Crystal Williams as Secretary of the EDA. Motion: Robinson; Second: Janoschka All aye Mr. Robbins thanks the board for the nomination. He commended Ms. Shelor for doing a great job serving as Chair. We have some tough times ahead and encouraged the EDA to continue to look for ways to help our businesses. Ms. Shelor commented it has been a pleasure to serve as Chair and looks forward to Mr. Robbins leadership. Ms. Jordan gave an update the EDA on the issuer fee related to the Oak Park Apartments bond refinance. In 2008, $8,106.00 was received at closing and City staff has tried to locate which account this money was deposited. The assumption is it went into the City’s account because the IDA did not have a separate bank account at that time. A discussion was held. A motion was made for the $8,106.00 to remain in the city’s account. Motion: Mongan Second: Shelor All aye There being no further business the meeting adjourned at 3:55 p.m.