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Agenda                        Board of Supervisors         December 17, 2019
Russell County Page 1
RUSSELL COUNTY
BOARD OF SUPERVISOR’S MEETING
AGENDA – DECEMBER 17, 2019
Board Room                   Reconvened Meeting                             5:00 PM
Russell County Governmental Center
Lebanon, Virginia 24266
CALL TO ORDER – Clerk of the Board
ROLL CALL – Clerk of the Board
EXECUTIVE SESSION (CLOSED) – Legal Matters

(SCHEDULED ONE HOUR BEFORE REGULAR BOS MEETING - - REGULAR BOS MEETING BEGINS AT 6 P.M.)
INVOCATION – Chairperson
PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA
APPROVAL OF AGENDA
NEW BUSINESS

Transfer of Castlewood Water & Sewer Assets to RC PSA
Transfer of RC Board of Supervisors’ Real Property to RC PSA
Comprehensive Transfer Agreement
Other County Business.

ADJOURNMENT
Agenda Board of Supervisors December 17, 2019
RUSSELL COUNTY
BOARD OF SUPERVISOR’S MEETING
AGENDA - DECEMBER 17, 2019
Board Room Reconvened Meeting 5:00 PM
Russell County Governmental Center
Lebanon, Virginia 24266
CALL TO ORDER - Clerk of the Board
ROLL CALL - Clerk of the Board
EXECUTIVE SESSION (CLOSED) — Legal Matters
(SCHEDULED ONE HOUR BEFORE REGULAR BOS MEETING – REGULAR BOS MEETING BEGINS AT 6 P.M)
INVOCATION - Chairperson
PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA
APPROVAL OF AGENDA
NEW BUSINESS


Transfer of Castlewood Water & Sewer Assets to RC PSA


Transfer of RC Board of Supervisors’ Real Property to RC PSA


Comprehensive Transfer Agreement


Other County Business.


ADJOURNMENT
Russell County Page 1
Russell County Virginia
“The Heart of Southwest Virginia”
Harry Ferguson  Carl Rhea
At-Large  District 3
Tim Lovelace  Rebecca Dye, Chairperson David Eaton
District 1 District 6 District 4
Lou Ann Wallace Steve Breeding, Vice-Chairman Lonzo Lester
District 2 District 5 County Administrator
Russell County Government Center
137 Highland Drive · Lebanon, Virginia 24266 · (276) 889-8000 · Fax (276) 889-8011
www.russellcountyva.us
NOTICE OF

RECONVENED MEETING
OF THE
RUSSELL COUNTY BOARD OF SUPERVISORS
TAKE NOTICE the Russell County Board of Supervisors’ Reconvened Meeting
to be held December 17th, 2019, at 5 p.m. for Executive Session and Reconvened
Meeting at 6 p.m. at the Russell County Government Center, Board of Supervisors
Board Room, located in Lebanon, Virginia, for the purposes as set forth below:
The Board shall consider the following:
Transfer of Castlewood Water & Sewer Assets to RC PSA
Transfer of RC Board of Supervisors’ Real Property to RC PSA
Comprehensive Transfer Agreement
Other County Business.
BY ORDER OF THE
                                                RUSSELL COUNTY 

                                                                                      BOARD OF SUPERVISORS 

Russell County Virginia
“The Heart of Southwest Virginia”
Harry Ferguson Carl Rhea
At-Large District 3
Tim Lovelace Rebecca Dye, Chairperson David Eaton
District 4 District 6 District 4
Lou Ann Wallace Steve Breeding, Vice-Chairman Lonzo Lester
District 2 District § Gounty Administrator
NOTICE OF
RECONVENED MEETING
OF THE
RUSSELL COUNTY BOARD OF SUPERVISORS
TAKE NOTICE the Russell County Board of Supervisors’ Reconvened Meeting
to be held December 17, 2019, at 5 p.m. for Executive Session and Reconvened
Meeting at 6 p.m. at the Russell County Government Center, Board of Supervisors
Board Room, located in Lebanon, Virginia, for the purposes as set forth below:
The Board shall consider the following:
Transfer of Castlewood Water & Sewer Assets to RC PSA
Transfer of RC Board of Supervisors’ Real Property to RC PSA
Comprehensive Transfer Agreement
Other County Business.
BY ORDER OF THE
RUSSELL COUNTY
BOARD OF SUPERVISORS
Russell County Government Center
137 Highland Drive - Lebanon, Virginia 24266 - (276) 889-8000 - Fax (276) 889-8011
www.russellcountyva.us
CLOSED SESSION
Motion made by _________________, second by ___________ and duly approved by the
Board of Supervisors enter into closed session to discuss Legal Matters pursuant to
Section 2.2-3711(A) (1), (3), (5), (7), (8).
The vote was:
Aye:  ________
Nay:  ________
CERTIFICATION OF CLOSED SESSION
Pursuant to §2.2-3712 (D) of the Code of Virginia 1950, as amended, each member of the
Board of Supervisors upon the Roll Call certifies that to the best of their knowledge (i) only
public business matters lawfully exempted from the open meeting requirements under the
Virginia Freedom of Information Act and (ii) only such public business matters that were
identified in the motion(s) by which the closed meeting was convened were heard,
discussed or considered in the meeting by the Board of Supervisors.
Any member of the Board of Supervisors who believes that there was a departure from the
requirements of clauses (i) and (ii) above shall so state prior to the vote, indicating the
substance of the departure that, in his or her judgment, has taken place.
Are there any Supervisors who believe a departure has taken place?
Seeing none, if you agree that the matters heard, discussed or considered during the
closed meeting were pursuant only to the motion(s) by which the closed meeting was
convened, please signify by saying aye or yes.
Tim Lovelace -
Lou Ann Wallace -
Carl Rhea -
Steve Breeding -
David Eaton -
Rebecca Dye -
Harry Ferguson -
APPROVAL TO RETURN TO REGULAR SESSION
Motion made by _______________, second by _________________ and duly approved by
the Board of Supervisors to return to regular session.
The vote was:
Aye:  _______
Nay:  _______
CLOSED SESSION
Motion made by , second by and duly approved by the
Board of Supervisors enter into closed session to discuss Legal Matters pursuant to
Section 2.2-3711(A) (1), (3), (5); (7); (8).
The vote was:
CERTIFICATION OF CLOSED SESSION
Pursuant to §2.2-3712 (D) of the Code of Virginia 1950, as amended, each member of the
Board of Supervisors upon the Roll Call certifies that to the best of their knowledge (1) only
public business matters lawfully exempted from the open meeting requirements under the
Virginia Freedom of Information Act and (ii) only such public business matters that were
identified in the motion(s) by which the closed meeting was convened were heard,
discussed or considered in the meeting by the Board of Supervisors.
‘Any member of the Board of Supervisors who believes that there was a departure from the
requirements of clauses (i) and (ji) above shall so state prior to the vote, indicating the
substance of the departure that, in his or her judgment, has taken place.
Are there any Supervisors who believe a departure has taken place?
Seeing none, if you agree that the matters heard, discussed or considered during the
closed meeting were pursuant only to the motion(s) by which the closed meeting was
convened, please signify by saying aye or yes.
Tim Lovelace -
Lou Ann Wallace -
Carl Rhea -
Steve Breeding -
David Eaton -
Rebecca Dye -
Harry Ferguson -
APPROVAL TO RETURN TO REGULAR SESSION
Motion made by , Second by and duly approved by
the Board of Supervisors to return to regular session.
The vote was:
Aye:
Nay:
Page 1 of 10
TRANSFER AGREEMENT
This Transfer Agreement is dated as of  the ___ day of December, 2019, by and
between THE CASTLEWOOD WATER AND SEWAGE AUTHORITY, a political
subdivision of the Commonwealth of Virginia (the CWSA), RUSSELL COUNTY,
VIRGINIA, a political subdivision of the Commonwealth of Virginia (the County), and THE
RUSSELL COUNTY PUBLIC SERVICE AUTHORITY, a political subdivision of the
Commonwealth of Virginia (the RCPSA).
The CWSA has been created pursuant to the Virginia Water and Waste Authorities
Act (the Act) for the purpose of acquiring, operating and maintaining a water and sewer
system in Russell County, Virginia.
The CWSA has owned and operated a water and sewer system in the County (the
CWSA System).
The CWSA has financed the cost of the System through the issuance by the CWSA of
its Bonds, see Exhibit A, to the United States of America (the Government) and to the
Virginia Resources Authority, as Administrator of the Virginia Water Supply Revolving
Fund (the VRA).
The County also currently owns and operates a water and sewer System in the County
(the County System).
The County has financed the cost of the County System through the issuance by the
County of its Bonds, see Exhibit AB, to the United States of America (the Government) and
to the Virginia Resources Authority, as Administrator of the Virginia Water Supply
Revolving Fund, and as Administrator of the Virginia Water Facilities Revolving Fund (the
VRA).
The RCPSA has been created pursuant to the Act for the purpose of acquiring,
operating and maintaining a water and sewer system in Russell County, Virginia.
The RCPSA currently owns and operates a water and sewer system in the County (the
RCPSA System).
The PSA has financed the cost of the System through the issuance by the RCPSA of
its Bonds, see Exhibit AC, to the United States of America (the Government) and to the
Virginia Resources Authority, as Administrator of the Virginia Water Supply Revolving
Fund (the VRA).
The CWSA joined the RCPSA by Certificate of Joinder issued June 24, 2019, under
which process it was agreed the CWSA System would be transferred to the RCPSA and the
CWSA Bonds would be assumed by the RCPSA.
‘TRANSFER AGREEMENT
‘This Transfer Agreement is dated as of the __ day of December, 2019, by and
between THE CASTLEWOOD WATER AND SEWAGE AUTHORITY, 2 political
subdivision of the Commonwealth of Virginia (the CWSA), RUSSELL COUNTY,
VIRGINIA, a political subdivision of the Commonwealth of Virginia (the County), and THE.
RUSSELL COUNTY PUBLIC SERVICE AUTHORITY, a political subdivision of the
‘Commonwealth of Virginia (the RCPSA),
‘The CWSA has been created pursuant to the Virginia Water and Waste Authorities
Act (the Act) for the purpose of acquiring, operating and maintaining a water and sewer
system in Russell County, Virginia,
‘The CWSA has owned and operated a water and sewer system in the County (the
CWSA System).
‘The CWSA has financed the cost of the System through the issuance by the CWSA of
its Bonds, see Exhibit A, to the United States of America (the Government) and to the
Virginia Resources Authority, as Administrator of the Virginia Water Supply Revolving
Fund (the VRA).
‘The County also currently owns and operates a water and sewer System in the County
(the County System),
‘The County has financed the cost of the County System through the issuance by the
County of its Bonds, see Exhibit AB, to the United States of America (the Government) and
to the Virginia Resources Authority, as Administrator of the Virginia Water Supply
Revolving Fund, and as Administrator of the Virginia Water Facilities Revolving Fund (the
VRA).
‘The RCPSA has been created pursuant to the Act for the purpose of acquiring,
‘operating and maintaining a water and sewer system in Russell County, Virginia,
‘The RCPSA currently owns and operates a water and sewer system in the County (the
RCPSA System).
‘The PSA has financed the cost of the System through the issuance by the RCPSA of
its Bonds, see Exhibit AC, to the United States of America (the Government) and to the
Virginia Resources Authority, as Administrator of the Virginia Water Supply Revolving
Fund (the VRA),
‘The CWSA joined the RCPSA by Certificate of Joinder issued June 24, 2019, under
‘which process it was agreed the CWSA System would be transferred to the RCPSA and the
CWSA Bonds would be assumed by the RCPSA.
Page 1 of 10
Page 2 of 10
In connection with the refinancing of the CWSA Bonds and the County Bonds by the
RCPSA’s assumption thereof, the CWSA and the County now wish to provide for the
transfer of the CSWA System and the County System to the RCPSA, the assumption by the
RCPSA of the payment and performance of obligations of the CWSA with respect to the
CSWA System, the assumption by the RCPSA of the payment and performance of
obligations of the County with respect to the County System, and the assumption by the
RCPSA of the obligations of the CWSA and the County under the CWSA Bonds and the
County Bonds, on the terms and conditions stated herein.
NOW, THEREFORE, in consideration of the premises and the mutual benefits to be
derived hereunder, the parties agree as follows:

On the terms and conditions set forth in this Agreement, the CWSA transfers
to the RCPSA, and the RCPSA accepts from the CWSA, all the assets, funds and real and
personal properties of  the CWSA (the “CWSA Assets”) including but not limited to the
following:

a. All plants, facilities, pump stations, intakes, mains, laterals,
meters, valves and equipment constituting a part of, or used or
usable in connection with, the CWSA System;
b. The parcels of real estate or interests therein described in the
instruments listed on the attached Exhibit BD, and all
improvements thereon;
c. All real property rights, easements, and appurtenances;
d. All rights for money due or to become due in connection with
services provided by the CWSA System and all funds or
reserves, and all moneys therein, held by the CWSA in
connection with the CWSA Bonds or the CWSA System;
e. All inventory and supplies;
f. All rights under the CWSA’s contracts, commitments, orders,
agreements or other material arrangements existing in
connection with the ongoing operation of the CWSA System,
and all material manufacturer, supplier or contractor warranties
or guarantees respecting the CWSA System:
g. All licenses, permits and other governmental authorizations to
operate the CWSA System as presently operated (the
“Permits”);
In connection with the refinancing of the CWSA Bonds and the County Bonds by the
RCPSA’s assumption thereof, the CWSA and the County now wish to provide for the
transfer of the CSWA System and the County System to the RCPSA, the assumption by the
RCPSA of the payment and performance of obligations of the CWSA with respect to the
CSWA System, the assumption by the RCPSA of the payment and performance of
obligations of the County with respect to the County System, and the assumption by the
RCPSA of the obligations of the CWSA and the County under the CWSA Bonds and the
‘County Bonds, on the terms and conditions stated herein
NOW, THEREFORE, in consideration of the premises and the mutual benefits to be
derived hereunder, the parties agree as follows:

On the terms and conditions set forth in this Agreement, the CWSA transfers
to the RCPSA, and the RCPSA accepts from the CWSA, all the assets, funds and real and
personal properties of the CWSA (the “CWSA Assets”) including but not limited to the
following:

a. All plants, facilities, pump stations, intakes, mains, laterals,
meters, valves and equipment constituting a part of, or used or
usable in connection with, the CWSA System;
b, The parcels of real estate or interests therein described in the
instruments listed on the attached Exhibit BD, and all
‘improvements thereon;
©. All real property rights, easements, and appurtenances;

All rights for money due or to become due in connection with
services provided by the CWSA System and all funds or
reserves, and all moneys therein, held by the CWSA in
connection with the CWSA Bonds or the CWSA System;

All inventory and supplies;
f All rights under the CWSA’s contracts, commitments, orders,
agreements or other material arrangements existing in
connection with the ongoing operation of the CWSA System,
and all material manufacturer, supplier or contractor warranties,
of guarantees respecting the CWSA System:
& All licenses, permits and other governmental authorizations to
‘operate the CWSA System as presently operated (the
Permits");
Page 2 of 10
Page 3 of 10
h. All books and records; provided, however, that the CWSA
shall have the right and privilege to retain and use such books
and records until its final audit is completed;
i. All equipment, vehicles and trailers; and
j. All the CWSA’s right and interest to and in customer deposits,
if any.

On the terms and conditions set forth in this Agreement, the County transfers
to the RCPSA, and the RCPSA accepts from the County, all the assets, funds and real and
personal properties of  the County (the “County Assets”) including but not limited to the
following:

a. All plants, facilities, pump stations, intakes, mains, laterals,
meters, valves and equipment constituting a part of, or used or
usable in connection with, the County System;
b. The parcels of real estate or interests therein described in the
instruments listed on the attached Exhibit CB, and all
improvements thereon;
c. All real property rights, easements, and appurtenances;
d. All rights for money due or to become due in connection with
services provided by the County System and all funds or
reserves, and all moneys therein, held by the County in
connection with the County Bonds or the County System;
e. All inventory and supplies;
f. All rights under the County’s contracts, commitments, orders,
agreements or other material arrangements existing in
connection with the ongoing operation of the County System,
and all material manufacturer, supplier or contractor warranties
or guarantees respecting the County System:
g. All licenses, permits and other governmental authorizations to
operate the County System as presently operated (the
“Permits”);
h. All books and records; provided, however, that the County
shall have the right and privilege to retain and use such books
and records until its final audit is completed;
i. All equipment, vehicles and trailers; and
h, All books and records; provided, however, that the CWSA
shall have the right and privilege to retain and use such books
and records until its final audit is completed;
i, Allequipment, vehicles and trailers; and
i. All the CWSA’s right and interest to and in customer deposits,
ifany.
2. On the terms and conditions set forth in this Agreement, the County transfers
to the RCPSA, and the RCPSA accepts from the County, all the assets, funds and real and
personal properties of the County (the “County Assets") including but not limited to the
following:
a All plants, facilities, pump stations, intakes, mains, laterals,
‘meters, valves and equipment constituting a part of, or used or
usable in connection with, the County System;
b. The parcels of real estate or interests therein described in the
instruments listed on the attached Exhibit CB, and all
improvements thereon;
€—_Allrreal property rights, easements, and appurtenances;
d. All rights for money due or to become due in connection with
services provided by the County System and all funds or
reserves, and all moneys therein, held by the County in
connection with the County Bonds or the County System;
&Allinventory and supplies:
f All rights under the County’s contracts, commitments, orders,
agreements or other material arrangements existing in
connection with the ongoing operation of the County System,
and all material manufacturer, supplier or contractor warranties,
or guarantees respecting the County System:
& All licenses, permits and other governmental authorizations to
‘operate the County System as presently operated (the
Permits”);
h. All books and records; provided, however, that the County
shall have the right and privilege to retain and use such books
and records until its final audit is completed;
i, All equipment, vehicles and trailers; and
Page 3 of 10
Page 4 of 10
j. All the County’s right and interest to and in customer deposits, if any.

In consideration for the transfer of the CWSA Assets to it, the RCPSA shall

(a) assume obligations of the CWSA (including the obligations under the CWSA Bonds), all
pursuant to a Lenders’ Assumption and Parity Agreement, substantially in the form attached
hereto as Exhibit E (the “Lenders’ Agreement”).


In consideration for the transfer of the County Assets to it, the RCPSA shall
(a) assume obligations of the County (including the obligations under the County Bonds), all
pursuant to the Lenders’ Agreement


The transfer of the CWSA Assets and the County Assets shall take place on or
before December 17, 2019, in Virginia, or on such other date and at such other place as the
parties may designate by written agreement.  The parties recognize and agree that for a
reasonable period following the closing, the County may remain in control of the billing and
collection operations and facilities in order to complete its last billing cycle, apply customer
deposits to outstanding bills and then transfer the remaining funds to the County.


Except as specifically set forth in this Agreement, the CWSA and the County
each make no representation or warranty, express or implied, whether of merchantability,
fitness for a particular purpose or otherwise as to any item or document to be conveyed or
assigned hereunder, and the RCPSA will make and rely on its own inspection of the tangible
personal property and will accept it in “as is, where is” condition.


The CWSA represents and warrants to the RCPSA:


7.1  Organization of CWSA.  The CWSA is duly organized, validly existing
and in good standing under the laws of the Commonwealth of Virginia and has full corporate
power and CWSA to own and operate the Assets.
7.2  Authorization.  The CWSA has full corporate power and the CWSA to
enter into this Agreement, to consummate the contemplated transactions and to perform its
obligations hereunder.  The execution, delivery and performance of this Agreement and the
consummation of the contemplated transactions have been duly authorized by all requisite
corporate action.  This Agreement has been duly executed and delivered by the CWSA and is
a valid and binding obligation of the CWSA, enforceable against it in accordance with its
terms.
7.3  Title to Property.  Except as expressly disclosed in writing to the RCPSA,
the CWSA has done nothing to adversely affect good and marketable title to the Assets or to
impose on the Assets any security interest or other encumbrance, lien, charge or restriction of
any kind or character.
j- All the County’s right and interest to and in customer deposits, if any


In consideration for the transfer of the CWSA Assets to it, the RCPSA shall
(a) assume obligations of the CWSA (including the obligations under the CWSA Bonds), all
pursuant to a Lenders’ Assumption and Parity Agreement, substantially in the form attached
hereto as Exhibit E (the “Lenders’ Agreement”)


In consideration for the transfer of the County Assets (0 it, the RCPSA shall
(a) assume obligations of the County (including the obligations under the County Bonds), all
pursuant to the Lenders” Agreement


The transfer of the CWSA Assets and the County Assets shall take place on or
before December 17, 2019, in Virginia, or on such other date and at such other place as the
parties may designate by written agreement, The parties recognize and agree that for a
reasonable period following the closing, the County may remain in control ofthe billing and
collection operations and facilities in order to complete its last billing cycle, apply customer
deposits to outstanding bills and then transfer the remaining funds to the County.


Except as specifically set forth in this Agreement, the CWSA and the County
each make no representation or warranty, express or implied, whether of merchantability,
fitness for a particular purpose or otherwise as to any item or document to be conveyed or
assigned hereunder, and the RCPSA will make and rely on its own inspection of the tangible
personal property and will accept it in “as is, where is” condition


‘The CWSA represents and warrants to the RCPSA:


7.1 Organization of CWSA. The CWSA is duly organized, validly existing
and in good standing under the laws of the Commonwealth of Virginia and has full corporate
power and CWSA to own and operate the Assets,
7.2 Authorization, The CWSA has full corporate power and the CWSA to
center into this Agreement, to consummate the contemplated transactions and to perform its
obligations hereunder. The execution, delivery and performance of this Agreement and the
consummation of the contemplated transactions have been duly authorized by all requisite
corporate action. This Agreement has been duly executed and delivered by the CWSA and is
valid and binding obligation of the CWSA, enforceable against it in accordance with its
terms.
7.3 Title to Property. Except as expressly disclosed in writing to the RCPSA,
the CWSA has done nothing to adversely affect good and marketable title to the Assets or to
impose on the Assets any security interest or other encumbrance, lien, charge or restriction of
any kind or character.
Page 4 of 10
Page 5 of 10
7.4  No Conflict or Violation.  Neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby will result in (a) a
material violation of or a conflict with any provision of the Certificate of Incorporation or
Bylaws of the CWSA, or (b) a material violation by the CWSA of any statute, rule,
regulation, ordinance, code, order, judgment, writ, injunction, decree, or award, or any event
which with notice, lapse of time, or both, would result in any such material violation.
7.5  Audited Financial Statements; Books and Records.  The audited financial
statements for the period ending June 30, 2019, fairly present the financial condition of the
CWSA as of the date thereof and reflect all known claims against and all debts and liabilities
of the CWSA.  The books and records of the CWSA are in all material respects true,
complete, correct and up to date and have been maintained in accordance with reasonable
business practice.
7.6  Material Contracts.  Set forth on Schedule 6.6, is an accurate and
complete list of all outstanding leases, contracts, agreements and other undertakings relating
to the Sewer System, to which the CWSA is a party or to which any of the properties of the
CWSA is subject (the “Contracts”), each is in full force and effect, and there exists no event
of default or event, occurrence, condition or act which, with the giving of notice, the lapse of
time or the happening of any other event or condition, would become a default by the CWSA
thereunder.  The CWSA has not violated any of the terms or conditions thereof in any
material respect, and all of the covenants required to be performed to date by any other party
thereto have been fully performed.
7.7  Absence of Undisclosed Liabilities.  The CWSA has no material liability
or obligation, secured or unsecured, whether accrued, absolute, contingent or otherwise,
known or unknown, except as disclosed on Exhibit A.Schedule 4.7 to this Agreement.
7.8  Documents.  The CWSA is not subject to, or a party to, any existing
charter, bylaw, mortgage, lien, lease, license, permit, agreement, contract, instrument, order,
judgment or decree, or any other restriction of any kind or character which materially
adversely affects the CWSA System or the CWSA Assets, or which would prevent
consummation of the transactions contemplated by this Agreement, compliance by the
CWSA with the terms, conditions and provisions hereof.
7.9  Litigation and Compliance Matters.  The CWSA (a) is not engaged in or a
party to, or to the knowledge of the CWSA threatened with, any legal action or other
proceeding before any court, arbitration or other tribunal or administrative agency, (b) has
not been charged with and, to the knowledge of the CWSA, is not under investigation with
respect to any charge concerning, any violation of any law or administrative regulation in
respect of its System and © is not in default under or in violation of any judgment, order,
decree, regulation or rule of any court of governmental CWSA applicable to it.  The CWSA
is not subject to any existing judgment, order or decree entered in any lawsuit or proceeding
which may have an adverse effect on any of its operations, business practices or on its ability
to acquire any property or conduct business in any area.
Commented [KP1]: I spoke with Lonzo and he stated that there
are no outstanding leases or contracts related to the Sewer System.
Should we just state that There are no outstanding leases, contracts,
agreements or other undertakings related to the Sewer System, to
which the CWSA is a party or to which any of the properties of the
CWSA is subject to?

No Conflict or Violation. Neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby will esuit in (a) a
‘material violation of or a conflict with any provision of the Certificate of Incorporation or
Bylaws of the CWSA, or (b) a material violation by the CWSA of any statute, rule,
regulation, ordinance, code, order, judgment, wrt, injunction, decree, oF award, or any event
‘which with notice, lapse of time, or both, would result in any such material violation,

7.8. Audited Financial Statements; Books and Records. The audited financial
statements for the period ending June 30, 2019, fairly present the financial condition of the
CWSA as of the date thereof and reflect all known claims against and all debts and liabilities
of the CWSA. The books and records of the CWSA are in all material respects true,
complete, correct and up to date and have been maintained in accordance with reasonable
business practice,
7.6 Material Contracts. Set forth on Schedule 6.6, is an accurate and
7.7 Absence of Undisclosed Liabilities. The CWSA has no material liability
oo obligation, secured or unsecured, whether accrued, absolute, contingent or otherwise,
known or unknown, except as disclosed on
78 Documents. The CWSA is not subject to, oF a party to, any existing
charter, bylaw, mortgage, lien, lease, license, permit, agreement, contract, instrument, order,
judgment or decree, or any other restriction of any kind or character which materially
adversely affects the CWSA System or the CWSA Assets, or which would prevent
consummation of the transactions contemplated by this Agreement, compliance by the
CWSA with the terms, conditions and provisions hereof,
7.9 Litigation and Compliance Matters. The CWSA (a) is not engaged in or a
party to, or to the knowledge of the CWSA threatened with, any legal action or other
proceeding before any court, arbitration or other tribunal or administrative agency, (b) has
not been charged with and, fo the knowledge of the CWSA, is not under investigation with
respect to any charge concerning, any violation of any law or administrative regulation in
respect of its System and (¢) is not in default under or in violation of any judgment, order,
decree, regulation or rule of any court of governmental CWSA applicable to it. The CWSA.
is not subject to any existing judgment, order or decree entered in any lawsuit or proceeding
which may have an adverse effect on any of its operations, business practices or on its ability
to acquire any property or conduct business in any area,
Page 5 of 10
‘Commented (KP: spot wih Lonzo ade ted at ar
eno ott asso onc eat th See Sse,
"Memento her underlings ted oth Sewer Sem
‘he CWSA pry orto wih anya he apts be
EWS
Page 6 of 10
7.10  Environmental Conditions.  To the best of CWSA’s knowledge, the
CWSA is in compliance with all federal, state and local laws, regulations, ordinances,
decrees, rules, orders and notices relating to the environment and applicable in any way to
the CWSA and/or to the System.  To the best of CWSA’s knowledge, there are no adverse
environmental conditions or liabilities affecting the Assets, the System or the CWSA, or any
other property leased or used by CWSA, including, but not limited to, any related to the use,
treatment, storage, release, or disposal of petroleum products or hazardous or toxic
substances, materials, pollutants, wastes or contaminants.  To the knowledge of the CWSA,
there are no underground storage tanks located in any real property owned by the CWSA.
7.11  Governmental Regulations; Permits; Licenses; Franchises, Etc.  All
Permits are in full force and effect, valid and outstanding.  The CWSA has complied with all
of the terms and conditions under which each is held or has been granted a waiver or
variance and no event has occurred which permits or, upon the giving of notice or the lapse
of time or otherwise, would permit the revocation or termination of any of the foregoing or
would materially adversely affect the rights of the CWSA thereunder.  To the best knowledge
of the CWSA, there are no other permits required by the CWSA to conduct its System.  No
Permit has ever been revoked, canceled or suspended or the subject of any investigation or
proceeding for the suspension, revocation or cancellation thereof.

The County represents and warrants to the RCPSA:

87.1  Authorization.  The County has full corporate power and authority to
enter into this Agreement, to consummate the contemplated transactions and to perform its
obligations hereunder.  The execution, delivery and performance of this Agreement and the
consummation of the contemplated transactions have been duly authorized by all requisite
corporate action.  This Agreement has been duly executed and delivered by the County and is
a valid and binding obligation of the County, enforceable against it in accordance with its
terms.
87.2  Title to Property.  Except as expressly disclosed in writing to the
RCPSA, the County has done nothing to adversely affect good and marketable title to the
Assets or to impose on the Assets any security interest or other encumbrance, lien, charge or
restriction of any kind or character.
87.3  No Conflict or Violation.  Neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby will result in  a
material violation by the County of any statute, rule, regulation, ordinance, code, order,
judgment, writ, injunction, decree, or award, or any event which with notice, lapse of time, or
both, would result in any such material violation.
7.10 Environmental Conditions. To the best of CWSA’s knowledge, the
CWSA is in compliance with all federal, state and local laws, regulations, ordinances,
decrees, rules, orders and notices relating to the environment and applicable in any way to
the CWSA andior to the System, To the best of CWSA’s knowledge, there are no adverse
environmental conditions or liabilities affecting the Assets, the System or the CWSA, or any
other property leased or used by CWSA, including, but not limited to, any related to the use,
treatment, storage, release, or disposal of petroleum products or hazardous or toxie
substances, materials, pollutants, wastes or contaminants. To the knowledge of the CWSA,
there are no underground storage tanks located in any real property owned by the CWSA,
7.11 Governmental Regulations: Permits; Licenses; Franchises, Ete. All
Permits are in full force and effect, valid and outstanding. The CWSA has complied with all
Of the terms and conditions under which each is held or has been granted a waiver or
variance and no event has occurred which permits or, upon the giving of notice or the lapse
of time or otherwise, would permit the revocation or termination of any of the foregoing or
‘would materially adversely affect the rights of the CWSA thereunder. To the best knowledge
of the CWSA, there are no other permits required by the CWSA to conduct its System. No
Permit has ever been revoked, canceled or suspended or the subject of any investigation or
proceeding for the suspension, revocation or cancellation thereof.

The County represents and warrants to the RCPSA:

87.1 Authorization. The County has full corporate power and authority 10
center into this Agreement, to consummate the contemplated transactions and to perform its
obligations hereunder. The execution, delivery and performance of this Agreement and the
consummation of the contemplated transactions have been duly authorized by all requisite
corporate action. This Agreement has been duly executed and delivered by the County and
4 valid and binding obligation of the County, enforceable against it in accordance with its
terms.
87.2. Title to Property. Except as expressly disclosed in writing to the
RCPSA, the County has done nothing to adversely affect good and marketable title to the
‘Assets or to impose on the Assets any security interest or other encumbrance, lien, charge or
restriction of any kind or character.
87.3 No Conflict or Violation, Neither the execution and delivery of this,
‘Agreement nor the consummation of the transactions contemplated hereby will result in a
‘material violation by the County of any statute, rule, regulation, ordinance, code, order,
judgment, wrt, injunction, decree, or award, or any event which with notice, lapse of time, oF
both, would result in any such material violation,
Page 6 of 10
Page 7 of 10
87.4  Audited Financial Statements; Books and Records.  The audited
financial statements for the period ending June 30, 2019, fairly present the financial
condition of the County as of the date thereof and reflect all known claims against and all
debts and liabilities of the County.  The books and records of the County are in all material
respects true, complete, correct and up to date and have been maintained in accordance with
reasonable business practice.
87.5  Material Contracts.  Set forth on Schedule 7.5 is an accurate and
complete list of all outstanding leases, contracts, agreements and other undertakings relating
to the Sewer System, to which the County is a party or to which any of the properties of the
County is subject (the “Contracts”), each is in full force and effect, and there exists no event
of default or event, occurrence, condition or act which, with the giving of notice, the lapse of
time or the happening of any other event or condition, would become a default by the County
thereunder.  The County has not violated any of the terms or conditions thereof in any
material respect, and all of the covenants required to be performed to date by any other party
thereto have been fully performed.
87.6  Absence of Undisclosed Liabilities.  The County has no material liability
or obligation, secured or unsecured, whether accrued, absolute, contingent or otherwise,
known or unknown, except as disclosed on Schedule 7.6 to this Agreement.
87.7  Documents.  The County is not subject to, or a party to, any existing
charter, bylaw, mortgage, lien, lease, license, permit, agreement, contract, instrument, order,
judgment or decree, or any other restriction of any kind or character which materially
adversely affects the County System or the County Assets, or which would prevent
consummation of the transactions contemplated by this Agreement, compliance by the
County with the terms, conditions and provisions hereof.
87.8  Litigation and Compliance Matters.  The County (a) is not engaged in or
a party to, or to the knowledge of the County threatened with, any legal action or other
proceeding before any court, arbitration or other tribunal or administrative agency, (b) has
not been charged with and, to the knowledge of the County, is not under investigation with
respect to any charge concerning, any violation of any law or administrative regulation in
respect of its System and © is not in default under or in violation of any judgment, order,
decree, regulation or rule of any court of governmental authority applicable to it.  The
County is not subject to any existing judgment, order or decree entered in any lawsuit or
proceeding which may have an adverse effect on any of its operations, business practices or
on its ability to acquire any property or conduct business in any area.
Formatted: Highlight
Commented [KP2]: The same as the above comment.
Formatted: Highlight
Formatted: Highlight
Formatted: Highlight
874 Audited Financial Statements; Books and Records. ‘The audited
financial statements for the period ending June 30, 2019, fairly present the financial
condition of the County as of the date thereof and reflect all known claims against and all
debts and liabilities of the County. The books and records of the County are in all material
respects true, complete, correct and up to date and have been maintained in accordance with
reasonable business practice.
87.6 Absence of Undisclosed Liabilities. The County has no material lability
or obligation, secured or unsecured, whether accrued, absolute, contingent or otherwise,
‘known or unknown, except as disclosed on Schedule 6 to tis Agreement.
87.7 Documents. The County is not subject to, or a party to, any existing
charter, bylaw, mortgage, lien, lease, license, permit, agreement, contract, instrument, order,
judgment or decree, or any other restriction of any kind or character which materially
adversely affects the County System or the County Assets, or which would prevent
consummation of the transactions contemplated by this Agreement, compliance by the
County with the terms, conditions and provisions hereof.
87.8 1» andl Compliance Matters.
(b) has
not been charged with and, to the knowledge of the County, is not under investigation with
respect to any charge concerning, any violation of any law or administrative regulation in
respect of its System and (¢) is not in default under or in violation of any judgment, order,
decree, regulation or rule of any court of governmental authority applicable to it. The
County is not subject to any existing judgment, order or decree entered in any lawsuit or
proceeding which may have an adverse effect on any of its operations, business practices or
‘on its ability to acquire any property or conduct business in any area.
Page 7 of 10
(Formatted: Wahight
Page 8 of 10
87.9  Environmental Conditions.  To the best of County’s knowledge, the
County is in compliance with all federal, state and local laws, regulations, ordinances,
decrees, rules, orders and notices relating to the environment and applicable in any way to
the County and/or to the County System.  To the best of the County’s knowledge, there are
no adverse environmental conditions or liabilities affecting the County Assets, the County
System or any other property leased or used by the County in connection with the County
Assets. To the knowledge of the County, there are no underground storage tanks located in
any real property owned by the County.
87.10  Governmental Regulations; Permits; Licenses; Franchises, Etc.  All
Permits are in full force and effect, valid and outstanding.  The County has complied with all
of the terms and conditions under which each is held or has been granted a waiver or
variance and no event has occurred which permits or, upon the giving of notice or the lapse
of time or otherwise, would permit the revocation or termination of any of the foregoing or
would materially adversely affect the rights of the County thereunder.  To the best
knowledge of the County, there are no other permits required by the County to conduct the
County System.  No Permit has ever been revoked, canceled or suspended or the subject of
any investigation or proceeding for the suspension, revocation or cancellation thereof.

At the closing, the parties shall perform the following actions:

a. The CWSA shall sell, convey and transfer to the RCPSA the
CWSA Assets by delivering to the RCPSA such bills of sale,
special warranty deeds and assignments as may be necessary or
desirable to transfer them to the RCPSA, free and clear of all
liens and encumbrances created by the CWSA.
b. The County shall sell, convey and transfer to the RCPSA the
County Assets by delivering to the RCPSA such bills of sale,
special warranty deeds and assignments as may be necessary or
desirable to transfer them to the RCPSA, free and clear of all
liens and encumbrances created by the County.
c. The CWSA, the County, the RCPSA, the Government and the
VRA shall execute and deliver the Lenders’ Agreement.
d. Title Opinion
e. Counsel Closing Opinions
f. Each instrument of conveyance will contain the following covenant:
The property described herein was obtained or improved with Federal
financial assistance and is subject to the nondiscrimination provisions of Title
VI of the Civil Rights Act of 1964, Title 9 of the Education Amendments of
1972, Section 504 of the Rehabilitation Act of 1973, and other similarly
87.9 Environmental Conditions. To the best of County’s knowledge, the
County is in compliance with all federal, state and local laws, regulations, ordinances,
decrees, rules, orders and notices relating to the environment and applicable in any way to
the County and/or to the County System, To the best of the County’s knowledge, there are
no adverse environmental conditions or liabilities affecting the County Assets, the County
‘System or any other property leased or used by the County in connection with the County
Assets. To the knowledge of the County, there are no underground storage tanks located in
ny real property owned by the County.
87.10 Governmental Regulations: Permits: Licenses: Franchises, Ete. All
Permits are in full force and effect, valid and outstanding. The County has complied with all
of the terms and conditions under which each is held or has been granted a waiver or
variance and no event has occurred which permits or, upon the giving of notice or the lapse
of time or otherwise, would permit the revocation or termination of any of the foregoing or
‘would materially adversely affect the rights of the County thereunder. To the best
knowledge of the County, there are no other permits required by the County to conduet the
County System. No Permit has ever been revoked, canceled or suspended or the subject of
any investigation or proceeding for the suspension, revocation or cancellation thereof.

At the elosing, the parties shall perform the following actions:

a, The CWSA shall sell, convey and transfer to the RCPSA the
CWSA Assets by delivering to the RCPSA such bills of sale,
special warranty deeds and assignments as may be necessary or
desirable to transfer them to the RCPSA, free and clear of all
liens and encumbrances created by the CWSA.
b, The County shall sell, convey and transfer to the RCPSA the
County Assets by delivering to the RCPSA such bills of sale,
special warranty deeds and assignments as may be necessary or
desirable to transfer them to the RCPSA, free and clear of all
liens and encumbrances created by the County.
The CWSA, the County, the RCPSA, the Goverment and the
\VRA shall execute and deliver the Lenders’ Agreement.
Title Opinion
€. Counsel Closing Opinions
£ Bach instrument of conveyance will contain the following covenant:
‘The property described herein was obtained or improved with Federal
financial assistance and is subject to the nondiscrimination provisions of Title
V1 of the Civil Rights Act of 1964, Title 9 of the Education Amendments of
1972, Section 504 of the Rehabilitation Act of 1973, and other similarly
Page 8 of 10
Page 9 of 10
worded Federal statutes, and the regulations issued pursuant thereto that
prohibit discrimination on the basis of race, color, national origin, handicap,
religion, age, or sex in programs or activities receiving Federal financial
assistance.  Such provisions apply for as long as the property continues to be
used for the same or similar purposes for which the Federal assistance was
extended, or for so long as the purchaser owns it, whichever is later.

For a reasonable time following the closing hereunder until the CWSA is

dissolved, the CWSA will assist the RCPSA in connection with the orderly transfer of the
operation of the CWSA System and the billing and collecting for the services of the CWSA
System. The County will also continue to assist the RCPSA   in connection with the orderly
transfer of the operation of any County Systems and the billing and collecting for the services
of the County.


Each party agrees that it shall, upon the request of the other, execute and
deliver such further documents (in the form and substance reasonably acceptable to the
requesting party) and do such other acts and things as are reasonably necessary and
appropriate to effectuate the terms and conditions of this Agreement.


This Agreement shall be construed and governed in accordance with the laws
of the Commonwealth of Virginia.


worded Federal statutes, and the regulations issued pursuant thereto that
prohibit discrimination on the basis of race, color, national origin, handicap,
religion, age, or sex in programs or activities receiving Federal financial
assistance. Such provisions apply for as long as the property continues to be
used for the same or similar purposes for which the Federal assistance was
extended, or for so long as the purchaser owns it, whichever is later.


For a reasonable time following the closing hereunder until the CWSA is
dissolved, the CWSA will assist the RCPSA in connection with the orderly transfer of the
‘operation of the CWSA System and the billing and collecting for the services of the CWSA.
‘System. The County will also continue to assist the RCPSA —in connection with the orderly
transfer of the operation of any County Systems and the billing and collecting for the services
of the County,


Each party agrees that it shall, upon the request of the other, execute and
deliver such further documents (in the form and substance reasonably acceptable t0 the
requesting party) and do such other acts and things as are reasonably necessary and
appropriate to effectuate the terms and conditions of this Agreement.


This Agreement shall be construed and governed in accordance with the laws
of the Commonwealth of Virginia,


Page 9 of 10
Page 10 of 10
Page 10 of 10
WITNESS the following signatures and seals:
CWSA
(SEAL)
By:  ______________________________________
Name:

Title:  Chairman
Attest:

Secretary
Russell County
(SEAL)
By:  ______________________________________
Name:

Title:    Chairman, Board of Supervisors
Attest:

Clerk
RCPSA
(SEAL)
By:  ______________________________________
Name:

Title:  Chairman
Attest:

WITNESS the following signatures and seals:
cWSA
(SEAL)
By:
Name:
Title: Chairman
Attest
Secretary
Russell County
(SEAL)
By:
‘Name:
Title: Chairman, Board of Supervisors
Attest:
Clerk
RCPSA
(SEAL)
By:
Name:
Title: Chairman
Attest:
Secretary
List of Attachments:
Exhibit A  -  Outstanding Obligations of CWSA, RCPSA and the CountyCWSA Real
Estate
Exhibit B  -  CWSA Real EstateCounty Real Estate
Exhibit C -   County Real EstateForm of Lenders’ Agreement
Schedules
Secretary,
List of Attachments:
Exhibit A - Outstanding Obligations of CWSA, RCPSA and the CountyEWSA Real
Exhibit B - CWSA Real EstateCounty RealEstate
Exhibit C- County Real EstateFormof Lenders” Agreement
Schedules
Estate
USDA
Form RD 1927-9
(Rev. 9-99)
FORM APPROVED
‘OMB NO. 0575-0147
Position 5
PRELIMINARY TITLE OPINION
Loan Applicant
The Russell County Public Service
Authority, a Political Subdivision of the
Commonwealth of Virginia
Address of Property
Various, all in the Castlewood area of
Russell County, Virginia
Applicant for Title Examination
The Russell County Public Service
Authority, a Political Subdivision of the
Commonwealth of Virginia
County pusse11 Statevirginia

At the request of the above-named applicant(s) for title examination, [have examined litle to the real property deseribed

in attached Schedule A and, ifthe security includes
‘a water right, to the water right described in attached Schedule B
(such real property or water right, or both, herein referred to as “the property”), offered as security in connection with a
Toan to be made or insured by the United States of America, acting through the United States Department of Agriculture
(USDA).
0.
filed for record on : sat
My examination covered the period commencing with period in excess of 30 years
M. o’clock, to November 15, 2019
30 at A M. o’clock.
Mm.
Based on said examination and any additional information concerning the title which has come to my attention, it is my
opinion that title to the property, subject only to the encumbrances, reservations, exceptions, and defects, and the
provisions of any security instrument authorizing future advances which would have priority over the proposed USDA
security instrument, all of which are set forth at the
end of the description, is vested in the following party or parties:
The Russell County Water and Sewage Authority, now known as the Castlewood Water
and Sewage Authority
Vv.
In order to vest good and marketable title in fact to the property in the loan applicant or in the loan applicant and
co-applicant as required or permitted by the respective USDA Agency, subject only to the encumbrances, exceptions ,
and reservations which under written authorization
from the respective USDA Agency may remain outstanding, the
following satisfactions, releases, payments, quitclaim deeds, warranty deeds, or affidavits or other conveyances or
‘curative instruments, must be obtained and, unless otherwise indicated, recorded:
Warranty Deed from the Russell County Water and Sewage Authority, now known as
the Castlewood Water and Sewage Authority, vesting title in The Russell County
Public Service Authority
V. ‘The names of the parties, in addition to the loan applicant(s), who must execute the security instrument in order to give
the respective USDA Agency a lien free and clear of dower, curtesy and homestead rights, are:
N/A
Vi.
| will assist in closing the loan and promptly render a supplemental opinion covering the interval from the terminal date
of the search covered by this Opinion to the time when the real estate security instrument and any other necessary
instruments executed in connection with the loan are filed for record
Vil
Thave made the title examination, and issue this Opi
ion. This Opinion is issued expressly for the benefit ofthe above-
named applicant for title examination and the United States-of Amprica, agting through the United yartment of
‘Agate and asm lib to each hereunder LA
TCA i
11-15-2019
(Date)
(ttorney’spignature)
A. Benton Chafin, dr. )\chafin Lay
P.C., P.0.Box 1210, LeDanon,
Firm,
va/24266
(Address)
According the Papervrk Reduction Act of 1995, an gency may not conde or ponsr ad person i not requird to respon to, collection of afin uns
‘splays valid OMB con amber. The vad OME ctl mune fr
his information colton s 057-014. The tine require compte thi nfomaton|
éallection sexta oaverge I-12 hours per esons, incl he te or reviewing isons, seastingensing dts sue, pang ad nating he ta
edad and completing and evewing the callostion of norton
EXCEPTIONS TO TITLE
Castlewood Water and Sewer Authority/Russell County Public Service Authority


Tracts No. 1, 12 and 15 ~ Deed of Trust dated June 16, 2009, from The Castlewood
Water and Sewage Authority, formerly Russell County Water and Sewage Authority, to
Jonathan Mullins and Joyce Kilgore, Trustees, in the principal amount of $500,000.00. Said
Deed of Trust is in favor of New Peoples Bank, Inc., and may be found of record in Deed Book
707, at page 342, and re-recorded in Deed Book 841, at page 767.


All matters set forth in the property description for the various properties.


Such state of facts as are shown by the plats of subject properties.


4, Easements in favor of Appalachian Power Company dated June 22, 1992, of record
in Deed Book 399, at page 441, February 24, 1997, of record in Deed Book 464, at page 309,
and September 13, 2006, of record in Deed Book 679, at page 541
5, Easement in favor of Verizon Virginia, Inc., dated April 19, 2001, of record in Deed
Book 529, at page 405,

Easement in favor of Virginia Electric and Power Company dated December 3, 2008,
of record in Deed Book 701, at page 68.

VRA Loans to The Castlewood Water & Sewage Authority, Russell County, and The Russell County Public Service Authority (as of July 8, 2019)
Borrower Project Dated
Original Loan
Amount
7/8/19
Outstanding Revenues Lien County MO? Rate Covenant
Interest
rate Term
Castlewood WSA WSL-07-99 1-May-01 640,000.00$ 317,418.11$ Water and wastewater Senior Yes None 2.0% 30
Castlewood WSA WSL-07-02 1-Mar-02 653,250.00$ 272,756.62$ Water and wastewater Senior Yes None 2.5% 25
Castlewood WSA C-515284-02 1-Aug-02 142,481.00$ 31,970.24$ Water and wastewater Senior Yes None 3.0% 20
Castlewood WSA WSL-23-03 1-Aug-04 661,019.00$ 353,620.32$ Water and wastewater Senior Yes None 0.0% 30
Castlewood WSA WSL-08-06 1-Jun-06 299,409.00$ 174,655.25$ Water and wastewater Senior Yes None 0.0% 30
Castlewood WSA WSL-10-07 1-Dec-08 359,813.00$ 233,878.52$ Water and wastewater Senior Yes None 0.0% 30
Castlewood WSA WSL-13-07 1-Dec-08 200,400.00$ 118,812.01$ Water and wastewater Senior Yes None 0.0% 30
Castlewood WSA WSL-10-08 1-Jun-10 167,012.00$ 116,908.46$ Water and wastewater Senior Yes None 0.0% 30
Castlewood WSA WSL-16-09 1-Jun-11 100,000.00$ 71,591.32$ Water and wastewater Senior Yes 100% 0.0% 30
Castlewood WSA WSL-33-10 1-Apr-12 325,473.00$ 264,512.45$ Water and wastewater Senior Yes 100% 3.0% 30
Castlewood WSA WSL-14-13 1-Jan-15 166,965.00$ 87,536.25$ Water and wastewater Senior Yes 100% 2.5% 30
Castlewood WSA WSL-28-14E 1-Jul-15 317,151.00$ 300,027.69$ Water and wastewater Senior Yes 100% 2.0% 30
County of Russell WSL-11-98 1-Nov-01 935,690.00$ 405,465.71$ Water Senior No 115% 0.0% 30
County of Russell WSL-16-97 1-Nov-01 1,678,400.00$ 747,850.25$ Water Junior Yes None 0.0% 30
County of Russell WSL-12-97 1-Nov-01 344,477.00$ 143,532.13$ Water Senior No 115% 0.0% 30
County of Russell WSL-06-02 1-Nov-02 822,366.00$ 370,064.54$ Water Junior Yes None 0.0% 30
County of Russell WSL-04-04 1-Mar-05 556,538.00$ 306,095.95$ Water Junior Yes None 0.0% 30
County of Russell WSL-10-04 1-Oct-05 91,439.00$ 51,815.49$ Water Junior Yes None 0.0% 30
County of Russell WSL-17-05 1-Oct-05 1,906,717.00$ 1,112,251.52$ Water Junior Yes None 0.0% 30
County of Russell WSL-14-05 1-Apr-06 415,518.00$ 242,382.18$ Water Junior Yes None 0.0% 30
County of Russell WSL-16-05 1-Mar-07 197,179.00$ 116,869.21$ Water Junior Yes None 0.0% 30
Russell County PSA WSL-30-05 1-Dec-05 99,775.00$ 42,619.91$ Water Senior Yes None 3.0% 20
Russell County PSA WSL-19-06 1-Jun-08 1,534,941.00$ 997,612.00$ Water Junior Yes None 0.0% 30
Russell County PSA WSL-02-09 1-Dec-10 325,227.00$ 204,109.84$ Water Senior Yes 100% 0.0% 30
Russell County PSA WSL-08-09 1-Jan-11 1,059,765.00$ 777,161.00$ Water Senior Yes 100% 0.0% 30
Russell County PSA WSL-02-11 1-Jul-11 103,783.00$ 87,680.46$ Water Senior Yes 100% 3.0% 30
Russell County PSA WSL-04-10E 1-Dec-12 700,843.00$ 627,334.36$ Water Senior Yes 100% 3.0% 30
Russell County PSA WSL-40-13E 1-Jun-14 3,537,000.00$ 2,838,098.79$ Water Senior Yes 100% 2.0% 20
Russell County PSA WSL-27-14E 1-Jul-15 93,071.00$ 84,814.51$ Water Senior Yes 100% 2.0% 30
Russell County PSA WSL-21-15 1-Aug-16 294,202.00$ 221,148.55$ Water Senior Yes 100% 2.25% 30
Russell County PSA WSL-23-15E 1-Aug-16 445,925.00$ 427,138.73$ Water Senior Yes 100% 2.3% 30
Russell County PSA WSL-20-15E 1-Aug-17 197,027.00$ 152,095.66$ Water Senior Yes 100% 2.25% 30
Russell County PSA WSL-22-15E 1-Aug-17 512,053.00$ 503,149.27$ Water Senior Yes 100% 2.25% 30
Castlewood No. of Loans: 12 4,032,973.00$ 2,343,687.24$
County of Russell 9 6,948,324.00$ 3,496,326.98$
Russell County PSA 12 8,903,612.00$ 6,962,963.08$
Total 33 19,884,909.00$ 12,802,977.30$
Senior Lien No. of Loans: 25 12,681,811.00$ 8,858,036.16$
Junior Lien 8 7,203,098.00$ 3,944,941.14$
Total 33 19,884,909.00$ 12,802,977.30$
\VRA Loans to The Castlewood Water & Sewage Authority, Russell County, and The Russell County Public Service Authority (as of July 8, 2019)
718/19 Interest
Borrower Project Dated Outstanding Revenues Lien CountyMO? Rate Covenant rate. Term
[Castlewood WSA|WSL-07-99 1-May-01 $ 640,000.00 $ 317,418.11 Water and wastewater Senior Yes None 2.0% 30
[Castiewood WSA|WSL-07-02 1-Mar-02 § 653,250.00 $ 272,756.62 Water and wastewater Senior Yes None. 25% 26
[Castlewood WSA_|C-515284-02 1-Aug-02 $ 142,481.00 $§ 31,970.24 Water and wastewater Senior Yes None. 3.0% 20
[Castlewood WSA|WSL-23-03 1-Aug-04 $ 661,019.00 $ 353,620.32 Water and wastewater Senior Yes None. 0.0% 30
[Castlewood WSA|WSL-08-06 1-Jun-06 $ 299,409.00 $ 174,856.25 Water and wastewater Senior Yes None 0.0% 30
[Castlewood WSA|WSL-10-07 1-Dec-08 § 359,813.00 $§ 233,878.52 Water and wastewater Senior Yes None 0.0% 30
[Castlewood SA |WSL-13-07 1-Dec-08 $ 200,400.00 $§ 118,812.01 Water and wastewater Senior Yes None. 0.0% 30
[Castlewood SA |WSL-10-08  tJun-10 $ 167,012.00 $§ 116,908.46 Water and wastewater Senior Yes None. 0.0% 30
[Castlewood WSA|WSL-16-09  tJun-11 $ 100,000.00 $ 71,591.32 Water and wastewater Senior Yes 100% 0.0% 30
[Castiewood SA |WSL-33-10  1-Apr-12 $ 325,473.00 $ 264,512.45 Water and wastewater Senior Yes 100% 3.0% 30
[Castlewood SA |WSL-14-13 tan-15 $ 166,965.00 $§ 87,536.25 Water and wastewater Senior Yes 100% 25% 30
[Castiewood SA |WSL-26-14E tJub1S § 317,151.00 $§ 300,027.69 Water and wastewater Senior Yes 100% 2.0% 30
[County of Russell |WSL-11-98 1-Nov-01 $ 996,690.00 § 405,466.71 [Water Senior No 115%. 0.0% 30
[County of Russell |WSL-16-97 1-Nov-01 $ 1,678,400.00 § 747,850.25 |Water anion Yes None. 0.0% 30
[County of Russell |WSL-12-97 t-Nov-01 $§ 344,477.00 § 143,592.13 |Water ‘Senior No 115%. 0.0% 30
[County of Russell |WSL-06-02 1-Nov-02 § 822,366.00 $§ 370,064.54 |Water anion Yes None. 0.0% 30
[County of Russell |WSL-04-04 1-Mar-05 $ $56,538.00 $ 306,096.95 |Water Junior Yes None. 0.0% 30
[County of Russell |WSL-10-04 1-Oct05_ $ 91,439.00 § 51,816.49 Water Junior Yes None. 0.0% 30
[County of Russell |WSL-17-05  1-Oct05$ 1,906,717.00 $ _1,112,251.52 |Water Junior Yes None. 0.0% 30
[County of Russell |WSL-14-051-Apr-06 § 415,518.00 $§ 242,382.18 |Water Junior Yes None. 0.0% 30
[County of Russell |WSL-16-05  1-Mar-07 $ 197,179.00 $ 116,869.21 |Water Junior Yes None 0.0% 30
Russell County PSA WSL-30-05 1-Dec-05 § 99,775.00 $§ 42,619.91 |Water ‘Senior Yes None 3.0% 20
Russell County PSA WSL-19-06 t-Jun-08 $ 1,534,941,00 § 997,612.00 |Water Junior] Yes None. 0.0% 30
Russell County PSA WSL-02-09  1-Dec-10 § 325,227.00 $§ 204,109.84 |Water ‘Senior Yes 100% 0.0% 30
Russell County PSA WSL-08.09 tan-11§ 1,059,765.00 $§ 777,167.00 |Water Senior Yes 100% 0.0% 30
Russell County PSA WSL-02-11 tuk? § 103,783.00 $§ 87,680.46 |Water Senior Yes 100% 3.0% 30
Russell County PSA WSL-04-10E 1-Dec-12 $§ 700,843.00 $§ _ 627,334.36 |Water Senior Yes 100% 3.0% 30
Russell County PSA WSL-40-13E tJun-14 § 3,597,000.00 $ — 2,838,098.79 |Water Senior Yes 100% 2.0% 20
Russell County PSA WSL-27-14E tvJub1S $ 93,071.00 § 84,814.51 [Water Senior Yes 100% 2.0% 30
Russell County PSA WSL-21-15  t-Aug-16 § 294,202.00 § 221,148.55 |Water Senior Yes 100% 2.25% 30
Russell County PSA WSL-23-15E t-Aug-16 $ 445,925.00 § 427,198.73 |Water Senior Yes 100% 2.3% 30
Russell County PSA WSL-20-45E t-Aug-17 $ 197,027.00 $ 152,096.66 |Water Senior Yes 100% 2.25% 30
Russell County PSA WSL-22-15E t-Aug-17 $§ 512,053.00 $§ 503,149.27 |Water Senior Yes 100% 2.25% 30
[castewood 403297800 $ _2,843,687.24
ICounty of Russell 6,948,324.00 $  3,496,26.98
Russell County PSA 8,903,612.00
[Fotal
Board Appointments for 2019
[Community Policy Managemant Team.
lLonzo Lester Four Year November 4, 2019
lieffrey Brintle Three Year November 7, 2019
[Cumberland Mountain Community Service Board
Donald Ramey Four Year December 31, 2019
Department of Social Services
Rebecca Dye Four Year December 31, 2019
Laurel Rasnick (Fill unexpired term) Four Year June 30, 2022
Finney Community Center.
Edward Tiller Two Year December 4, 2019
ighway and Safety
Linda Cross Two Year December 31, 2019
IDA
Mike Hincher Four Year December 31, 2019
[Tony Dodi Four Year December 34, 2019
Richard Lockridge Four Year December 31, 2019
[Southwest VA EMS Council
Maxie Skeen, Four Year December 31, 2019
COMMITTEE APPLICATION ate Rene
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HOME ADDRESS: BO24 hth, barn BL
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‘TELEPHONENUMBERS: 276 P73 - 6067. 276- 70l-2929 —
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PROFESSION/VOCATION: eae Chemer, pouching businets)
BOARDS/COMMISSIONS ON WHICE YOU WISH TO SERVE: . Serurce 2/.
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OTHER INTERESTS: .
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ARE YOU CURRENTLY A MEMBER OF A RUSSELL COUNTY BOARD OR COMMISSION? 7P/ of? Ap | oca foo ”
IF YES, PLEASE NAME:
HAVE YOU PREVIOUSLY SERVED AS A MEMBER OF A RUSSELL COUNTY BOARD OR COMMISSION? —_Ygag
IPYES, PLEASENAME: S00.) Sorycee Bel.
ARE YOU A REGISTERED VOTER? 25 pisrricrnumper:
COUNTY OF RUSSELL, VIRGINIA
COMMITTEE APPLICATION
(Middle Initial) (Mr, Mrs., Miss, Rank)
(Last) irs)
noweappesss:  QVAT\ TIAN Road
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PROFESSION/VOCATION: Qoboin Oticer
BOARDSICOMMISSIONS ON WHICH YOU WISH TO SERVE: GBoadk of Bectal Qowices
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CIVICOR SERVICE ORGANIZATION EXPERIENCE: Please coke +e ack Page.
ARBYOU CURRENTLY A MEMBER OFA RUSSELL, COUNTY BoaKD ox commission? _\ ty
IF YES, PLEASE NAME;
HAVE YOU PREVIOUSLY SERVED AS A MEMBER OF A RUSSELL COUNTY BOARD oR Commission? — No.
IF YES, PLEASE NAME:
ARE YOU AREGISTERED VOTER? Ues DISTRICT NUMBER:
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RUSSELL COUNTY BOARD OF SUPERVISORS
BOARD / COMMITTEE APPLICATION
pareorareuicaTion: _|]- "1-1
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Heshiond Lalo Coidinaboe @C NC Kean Qusiness Coordinator 2Cme Gd)
CIVIC OR SERVICE ORGANIZATION EXPERIENCE:
ARE YOU CURRENTLY A MEMBER OF A RUSSELL COUNTY BOARD ORCOMMITTEE? J ,
vas reasenane: _ Sungok Mia, Counter Bursar
HAVE YOU PREVIOUSLY SERVED AS A MEMBER OF A RUSSELL COUNTY BOARD OR COMMITTEE? Op Dd
IF YES, PLEASE NAMB: gi Ame
RUSSELL COUNTY BOARD OF SUPERVISORS
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ommemrennsts:  Upbeertireny el Sravelerd
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ARE YOU CURRENTLY A MEMBER OF A RUSSELL COUNTY BOARD OR COMMITTEE? Toa
irves,rinaspnams; JPL and Cf yf 4
HAVE YOU PREVIOUSLY SERVED AS A MEMBER OF A RUSSELL COUNTY BOARD OR COMMITTEE? Ye ys
reves rueasename: Soyer al poarbe v pemntiex on ust Od Ahn.
JOB EXPERIENCE (Continued)
CIVIC OR SERVICE ORGANIZATION EXPERIENCE (Continued): ~-P) ee Dy  tunenteog
Srerin’ Bd. exrbrow Tht Spr, Charryrraod ob
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Public Notice .pdf
NOTICE OF
RECONVENED MEETING
OF THE
RUSSELL COUNTY BOARD OF SUPERVISORS

Board Appointments.pdf
SUGGESTED MOTION(s):  Motion to appoint Board Members.

Board Appointments.pdf
SUGGESTED MOTION(s):  Motion to appoint Board Members.