HomeMy WebLinkAbout10/15/2019 - Economic Development (EDA) - Minutes - RegularMINUTES OF A SPECIAL MEETING
OF THE ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF SALEM, VIRGINIA
A special called meeting of the Economic Development Authority of the City of Salem,
Virginia, was held in the Council Chambers, 114 North Broad Street, on October 15, 2019, at
3:00 p.m. The following members of the Authority were present: William Q. Mongan, C.
Wayne Adkins, David Thornhill, Cindy Shelor, and Dave Robbins
There, also present was Stephen M. Yost, City Attorney, James E. Taliaferro, II, City
Manager, Melinda J. Payne, Director of Economic Development, Sadie Remington, Economic
Development Specialist, Rosemarie Jordan, Director of Finance, Justin Kuzmich, Director of
Real Estate and Crystal L. Williams, Assistant to the City Manager, Nicole Ingle, Woods Rogers,
PLC and David Mowen, Vice President of Business Affairs, Roanoke College.
Ms. Shelor called the meeting to order. The meeting was turned over to Mr. Yost. Mr.
Yost discussed the purpose of the public hearing. Mr. Yost stated the EDA received a request
from Roanoke College to assist in the refinancing of revenue bonds. David Mowen was present
to represent Roanoke College and present, Nicole Ingle of Woods Rogers, PLC. Ms. Shelor
opened the floor for anyone to speak to the public hearing. No one spoke to the matter and the
public hearing was closed. Ms. Ingle reviewed the details of the transaction with the EDA then
asked for questions. There was none. Ms. Shelor called for a vote for approval of the resolution.
Motion: Robbins
Second Adkins
All aye
The minutes from the July meeting were presented for approval. A motion was made to
approve as written.
Motion: Mongan
Second: Thornhill
All aye
Ms. Jordan presented the EDA with a financial report. Currently, the income from the
West Salem Body Shop project is going into the Electric Fund. Council has agreed to a 50/50
split. Mr. Mongan asked Ms. Jordan if the EDA account is separate from the City’s account. Ms.
Jordan confirmed that it is separate. A discussion was held on having a balance sheet showing
the different projects and fees. Ms. Jordan agreed to make some changes to the report. The EDA
Chair and Treasurer are the two signatures required for transactions. A proposal was made to
have a backup in case the Chair is not available.
A motion was made to elect Quinn Mongan as temporary Vice-Chair and to authorize the
Chair, Vice Chair & Treasurer’s signatures on the account and for wire transactions.
Motion: Robbins
Second: Thornhill
All aye
A motion was made for the committee to convene into closed session pursuant to
provision of Section 2.2-3711A (29) of the 1950 Code of Virginia, as amended, for the purpose
of discussions of the award of a public contract involving the expenditure of public funds,
including interviews of bidders or offerors, and discussion of the terms or scope of such contract,
where discussion in an open session would adversely affect the bargaining position or
negotiating strategy of the public body.
Motion: Mongan
Second: Adkins
All aye
The EDA reconvened 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: Adkins
Second: Mongan
All aye
A motion was made to waive miscellaneous permit fees for Tractor Supply and to
rebate 30% of the difference in the old and new tax valuation for the net increase of
improvement values for two years. A façade grant will be considered but is being delayed
until we have the appropriate documentation.
Motion: Quinn
Second: Robbins
All aye
There being no further business to come before the EDA, the meeting adjourned.
________________________ ________________________