Doing Business in Nelson County: September 2006

September 2006

Economic Development Authority
September 7, 2006

Present:
Barbara Powell
Alphonso Taylor
Natt Hall
Greg Kelly
Stu Armstrong
Erwin Berry (non-voting)

Absent:
Steve Crandall

Margaret Clair, Rockfish Valley Community Center Board Member, told members that the Community Center needs to replace the heating system in the building. She noted that the cost will be $112,000 to install a nine-zone heating/air conditioning system with an estimated cost of $30,000 to upgrade the electrical system to handle the new system. Ms. Clair said that the group is hopeful that the new system will be in by the end of October and noted that without an adequate heating system, the Community Center could lose tenants and the
revenue generated from those rents. She noted that the group has asked the Board of Supervisors for help, is talking with major donors and is applying for grant funding and/or low-cost loans. She said that any help the EDA could provide would be appreciated.

Mr. Bo Delk, owner of two parcels in Callohill Industrial Park, reminded the members of a meeting Friday of property owners to discuss road maintenance issues. Ms. Powell noted that two members of the EDA plan to attend that meeting.

Chairperson Barbara Powell called the meeting to order.

Motion: To approve the August 3, 2006 meeting minutes. Hall-Armstrong (5-0)

Motion: To adopt a resolution requesting that the Board of Supervisors approve the issuance of up to $7.7 million in tax-exempt bonds to fund the Kappa Sigma Endowment Fund's planned museum and conference center on Route 20 in Albemarle County. Armstrong-Hall (5-0)
Barbara Powell noted that the Board of Supervisors has final authority and has
not yet reviewed or approved a resolution authorizing the bond issue.

The survey results were presented to members with a presentation to be made at the EDA's October meeting.

Motion: To recommend approval of the EDA member appointment terms as presented by the Board of Supervisors. The purpose of establishing new terms is to stagger the expiration dates.

Motion: To end regular session and move into closed session to discuss real estate matters under the Virginia Freedom of Information Act 2.2-3700. Armstrong-Kelly (5-0)
Roll Call Vote: Hall, aye; Armstrong, aye; Taylor, aye; Kelly, aye; Powell, aye

Motion: To end closed session. Armstrong-Kelly (5-0)
Roll Call Vote: Hall, aye; Armstrong, aye; Taylor, aye; Kelly, aye; Powell, aye

Motion: To return to regular session. Hall-Taylor (5-0)
Roll Call Vote: Hall, aye; Armstrong, aye; Taylor, aye; Kelly, aye; Powell, aye

Motion: To adopt the following resolution: Be it hereby resolved, the Economic Development Authority of Nelson County does hereby return to regular session having only discussed real estate matters. Hall-Kelley (5-0)
Roll Call Vote: Hall, aye; Armstrong, aye; Taylor, aye; Kelly, aye; Powell, aye

Motion: To accept a proposal and move forward to execute a real estate agreement to sell the 16.575-acre property at Callohill owned by the EDA to Madison-Monroe and Associates, LLC. The RFP included a minimum bid of the assessed value of $144,600 and the bid from Madison-Monroe was $160,000.Taylor-Kelly (5-0)
Roll Call Vote: Hall, aye; Armstrong, aye; Taylor, aye; Kelly, aye; Powell, aye

There being no further business the meeting was adjourned.

Report attributed to Rural Nelson, Inc.