HomeMy WebLinkAbout10/18/2022 - Economic Development (EDA) - Minutes - Regular MINUTES OF THE OF THE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF SALEM, VIRGINIA
On October 18, 2022, at 3:00 p.m., a meeting of the Economic Development Authority of
the City of Salem, Virginia was held in the Council Chambers of City Hall, 114 North Broad
Street, Salem, Virginia. The following members of the Authority were present: Dave Robbins,
Macel Janoschka, Sean Kosmann, Paul Kuhnel, Quinn Mongan, Cindy Shelor and Rob
Robinson.
There, also present was James E. Taliaferro, II, City Manager, Rob Light, Assistant City
Manager, Rosie Jordan, Treasurer, Mike Lockaby, Waddell, Carroll & Lockaby, P.C., Wayne
Adkins, Business Outreach Coordinator, Tommy Miller, Director of Economic Development and
Crystal Williams, Secretary.
The meeting was called to order at 3:00 p.m. and the minutes from the September 20,
2022, meeting were approved as written.
Ms. Jordan reviewed the financial report as of September 30, 2022. The report was
received as presented.
The Chair called for a vote to change the agenda, moving to Item 5, first which was to
hold a Closed Session.
A motion was made to hold a closed session in accordance with Section 2.2-3711 A (5)
concerning a prospective business or industry or the expansion of an existing business or
industry where no previous announcement has been made of the business’ or industry’s interest
in locating or expanding its facilities in the community, relating to available space at the former
GE building and (29) for the discussion of the award for a public contract involving the
expenditure of public funds, and discussion of the terms of such contract, where discussion in an
open session would adversely affect the bargaining position of the negotiating strategy of the
City.
Motion: Mongan; Second: Shelor; All Aye
Upon reconvening a motion was made in accordance with Section 2.2-3712 D of the
Code of Virginia, 1950 as amended to date, and the EDA 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: Janoschka; All Aye
A motion was made to approve the Memorandum of Understanding on the Valleydale
property, as presented, with the amendments that no funds are to be provided to the developers
with no funds being provided to Ed Walker and Joe Thompson until the building permit
approval, that there is a requirement for a performance bond, and a 1% origination fee is to be
paid to the EDA.
Motion: Kuhnel, Second: Mongan; All aye
Mr. Adkins shared other updates related to existing businesses, stakeholder engagement,
and workforce development.
There being no further business the meeting adjourned at 4:34 p.m.