Doing Business in Nelson County: May 2004

May 2004

Nelson County Industrial Development Authority
May 6, 2004

Present:
Allen Hale
Natt Hall
Stu Armstrong

Guest:
Heather Goodwin

Chairperson Allen Hale called the meeting to order.

Nelson County Chamber of Commerce Board President, Heather Goodwin updated the IDA on the status of the gateway signs and reviewed some of the VDOT requirements for sign installment. If the IDA elects to locate new gateway signs at the existing locations, the Chamber will assist in the process, including the removal of the existing signs if necessary. Maureen Corum will work on a plan and budget for the gateway sign project for the IDA to consider.

The minutes of the April 1, 2004 meeting will be approved at the next meeting.

There was no public comment.

The Rutherford vs. IDA case has been settled, in favor of the IDA. The judge still has to write the final decree; the plaintiff has a period of time to appeal the decision.

Motion: To allocate $13,700 to fund the target industry study project by 310 Marketing Ltd., with the County Economic Development Office funding the remainder of the study.
Armstrong-Hall (4-1) Wheaton voted by proxy and Hale voted nay.

Maureen Corum presented the draft process for handling business prospects, a list of the incentives offered by the region and the state and the checklist for the financial review process. The Board of Supervisors will review the draft process, with the final product to be a report for each prospect file.

Closed Session
Motion: To end regular session and move into closed session to discuss a business prospect under the Virginia Freedom of Information Act 2.2-3711-A5 Hall-Armstrong. Roll Call Vote (3-0)

Motion: To end closed session. Hall-Armstrong. Roll Call Vote. (3-0)

Motion: To return to regular session. Hall-Armstrong. Roll Call Vote. (3-0)

Motion: To adopt the following resolution: Be it hereby resolved, the Industrial Development Authority of Nelson County does hereby return to regular session having only discussed a business prospect. Hall-Armstrong. Roll Call Vote. (3-0)

There being no further business, the meeting was adjourned.