2016-01-14 IDA Agenda Packet

2016-01-14 IDA Agenda Packet

Document Date: January 14, 2016 Document: 2016-01-14_IDA_Agenda_Packet.pdf

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The Industrial Development Authority of Russell County, Virginia

Agenda Packet Thursday, January 14, 2016

Bonanza Family Restaurant 5:00 P.M.

The Industrial Development Authority of Russell County, Virginia Agenda Packet Thursday, January 14, 2016 Bonanza Family Restaurant 5:00 P.M.

       Virginia Code

Closed Sessions 2.2-3711

Personnel
Acquisition/Sale of Property
Privacy of Individuals
Prospective Business
Legal

Virginia Code

Closed Sessions 2.2-3711

Personnel

Acquisition/Sale of Property Privacy of Individuals Prospective Business

Legal

JANUARY 14, 2016

AGENDA The Industrial Development Authority of Russell County Virginia will hold its regular monthly meeting on January 14, 2016, at Bonanza Family Restaurant, Main Street, Lebanon, Virginia, and beginning at 5:00 PM.

Call to Order
Roll Call
Welcome New Members
Welcome Guests
Recognitions of Board Members
Approval of December 10 and December 17 Minutes
Approval of Financial and Treasurer’s Report
Debt Service and Depreciable Assets Report
Discuss property request – Bee Stuart
Discuss Russell County Fitness & Activity Center – Kim Short
Discuss approval of Newmark Grubb Knight Frank Contract
Richmond Agenda
Pre-approve Richmond Expenses
Attorney’s Report
Committee Reports
Old Business
New Business
Closed Session as permitted by Virginia Code #2.2-3711
Adjourn Meeting

Attachments a. YMCA Lease (A1-A11) b. VCEDA draw for Shell Building (A12-A19) c. Holiday Inn Fire Suppression & Certificate of Occupancy (A20-A22)
d. Industrial Site DEQ Inspection (A23-A31) e. Bond Fees From AEP (A32) f. VSBFA Last Draw for Motel (A33) g. Newmark Grubb Knight Frank Contract (A34-A38) h. Russell County Fitness & Activity Center, Inc. (A39-A69)

JANUARY 14, 2016 AGENDA

The Industrial Development Authority of Russell County Virginia will hold its regular monthly meeting on January 14, 2016, at Bonanza Family Restaurant, Main Street, Lebanon, Virginia, and beginning at 5:00 PM.

Call to Order

Roll Call

Welcome New Members Welcome Guests

Approval of December 10 and December 17 Minutes Approval of Financial and Treasurer’s Report Debt Service and Depreciable Assets Report . Discuss property request — Bee Stuart 10. Discuss Russell County Fitness & Activity Center — Kim Short 11. Discuss approval of Newmark Grubb Knight Frank Contract 12. Richmond Agenda 13. Pre-approve Richmond Expenses 14. Attorney’s Report 15. Committee Reports 16. Old Business 17. New Business 18. Closed Session as permitted by Virginia Code #2.2-3711 19. Adjourn Meeting

1 2. 3, 4. 5. Recognitions of Board Members 6. 7. 8. 9.

Attachments

YMCA Lease (A1-A11)

VCEDA draw for Shell Building (A12-A19)

Holiday Inn Fire Suppression & Certificate of Occupancy (A20-A22) Industrial Site DEQ Inspection (A23-A31)

Bond Fees From AEP (A32)

\VSBFA Last Draw for Motel (A33)

Newmark Grubb Knight Frank Contract (A34-A38)

. Russell County Fitness & Activity Center, Inc. (A39-A69)

FR roan se

DECEMBER 10, 2015

The Regular monthly meeting of the Industrial Development Authority of Russell County, Virginia was held on December 10th, 2015, at the Bonanza Restaurant, Main Street, Lebanon, Virginia, and beginning at 5:00 p.m.

MEMBERS
PRESENT: Harry T. Rutherford, Chairman Steve Banner, Co-Vice Chairman

Tony Dodi, Co-Vice Chairman Roger Sword, Co-Treasurer Mike Duty, Co-Treasurer
Sam Whited, Secretary
J. C. Boyd, Member Fred Meade, Member
Scott Gilmer, Member

STAFF: Carlton Elliott, Financial Officer
Katie Crabtree, Attorney

ABSENT: Jim Baldwin , Advisor
Joey Gillespie, Advisor

GUEST: None

The Chairman called the meeting to order at 5:01 p.m. and welcomed all.

The Secretary called the roll and recorded the roll call.

DECEMBER 10, 2015

The Regular monthly meeting of the Industrial Development Authority of Russell County, Virginia was held on December 10", 2015, at the Bonanza Restaurant, Main Street, Lebanon, Virginia, and beginning at 5:00 p.m.

MEMBERS PRESENT Harry T. Rutherford, Chairman Steve Banner, Co-Vice Chairman Tony Dodi, Co-Vice Chairman Roger Sword, Co-Treasurer Mike Duty, Co-Treasurer

Sam Whited, Secretary

J.C. Boyd, Member

Fred Meade, Member

Scott Gilmer, Member

STAFF: Carlton Elliott, Financial Officer Katie Crabtree, Attorney

ABSENT: Jim Baldwin, Advisor Joey Gillespie, Advisor

GUEST: None

The Chairman called the meeting to order at 5:01 p.m. and welcomed all.

The Secretary called the roll and recorded the roll call.

December 10, 2015 Page 2

APPROVAL OF MINUTES

Upon motion made by Steve Banner, second by Mike Duty and duly

approved by the Industrial Development Authority of Russell County, VA to approve the minutes of November 12th, 2015, and November 18th, 2015 as presented

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer. F. Meade, R. Sword,
S. Whited
Nay: None Absent: None

FINANCIAL REPORT

Financial report was presented by Carlton Elliott, Financial Agent.

Upon motion made by J. C. Boyd, second by Steve Banner, and duly approved by the Industrial Development Authority of Russell County, Virginia to approve the Financial Report of November 12th, 2015, as presented and to pay all bills as presented.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword,
S. Whited
Nay: None Absent: None

There were no Public Comments.

December 10, 2015 Page 2

APPROVAL OF MINUTES

Upon motion made by Steve Banner, second by Mike Duty and duly approved by the Industrial Development Authority of Russell County, VA to approve the minutes of November 12", 2015, and November 18", 2015 as presented

The vote was:

Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer. F. Meade, R. Sword, S. Whited

Nay: None

Absent: None

FINANCIAL REPORT Financial report was presented by Carlton Elliott, Financial Agent.

Upon motion made by J. C. Boyd, second by Steve Banner, and duly approved by the Industrial Development Authority of Russell County, Virginia to approve the Financial Report of November 12", 2015, as presented and to pay all bills as presented.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited

Nay: None Absent: None

There were no Public Comments.

December10, 2015
Page 3

COMMITTEE REPORTS

Upon motion made by Steve Banner, second by Fred Meade, and duly approved by the Industrial Development Authority of Russell County, VA to approve the purchase of a back flow system and supplies from H D Supplies in the amount of $5400.00 for the IDA Building in which Steel Fab resides and to contract with the Town of Lebanon to install.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword,
S. Whited
Nay: None Absent: None

HOLIDAY INN

Upon motion made by Tony Dodi, second by Mike Duty, and duly approved by the Industrial Development Authority of Russell County, VA to approve the signing of additional documents for VSBFA on the motel project.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword,
S. Whited
Nay: None Absent: None

December10, 2015 Page 3

COMMITTEE REPORTS

The vote was:

Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited

Nay: None

Absent: None

HOLIDAY INN

The vote was:

Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited

Nay: None

Absent: None

December 10, 2015
Page 4

SYSTEM INSTALLATION OF BACK FLOW

Upon motion made by Steve Banner, second by Fred Meade and duly approved by the Industrial Development Authority of Russell County, VA to allow the Town of Lebanon to install the back flow prevention system at Steel Fab for the cost of $3500.00.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword,
S. Whited
Nay: None Absent: None

ATTORNEY’S REPORT

There were no Attorney’s Reports.

ADJOURNMENT

Upon motion made by J. C. Boyd, second by Steve Banner, and duly approved by the Industrial Development Authority of Russell County, Virginia, to adjourn this meeting at 5:18 p.m. to reconvene on December 17, 2015 at 12:00 noon in the Technology Center.

The vote was: Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer F. Meade R. Sword,
S. Whited
Nay: None Absent: None

December 10, 2015 Page 4

SYSTEM INSTALLATION OF BACK FLOW

The vote was:

Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited

Nay: None

Absent: None

IRNEY’S REPORT

There were no Attorney’s Reports.

ADJOURNMENT

The vote was:

Yea: S. Banner, J. Boyd, T. Dodi, M. Duty, S. Gilmer F. Meade R. Sword, S. Whited

Nay: None

Absent: None

DECEMBER 17, 2015

A reconvened meeting of the Industrial Development Authority of Russell County, Virginia was held on December 17, 2015, at the Russell County Technology Center, Lebanon, Virginia, and beginning at 12:00 noon

MEMBERS

PRESENT: Harry T. Rutherford, Chairman Tony Dodi, Co-Vice Chairman Roger Sword, Co-Treasurer

Mike Duty, Co-Treasurer
Sam Whited, Secretary
J. C. Boyd, Member Fred Meade, Member
Scott Gilmer, Member

STAFF: Carlton Elliott, Financial Officer
Ben Chafin, Attorney Lonzo Lester, County Administrator

ABSENT: Jim Baldwin , Advisor
Steve Banner, Co-Vice Chairman

Joey Gillespie

GUEST: Michael Hincher - New I D A Appointees Becki Jones

Mark Mitchell – New BOS Members 
LuAnn Wallace  
David R. Eaton 
Steven Breeding 
Carl H, Ray 
Rebecca Dye  
Tim Lovelace 
  
Vickie Porter – Assistant Co.  Administrator

DECEMBER 17, 2015

MEMBERS PRESENT:

STAFF:

ABSENT:

GUEST:

Harry T. Rutherford, Chairman Tony Dodi, Co-Vice Chairman Roger Sword, Co-Treasurer Mike Duty, Co-Treasurer

Sam Whited, Secretary

J.C. Boyd, Member

Fred Meade, Member

Scott Gilmer, Member

Carlton Elliott, Financial Officer Ben Chafin, Attorney Lonzo Lester, County Administrator

Jim Baldwin, Advisor Steve Banner, Co-Vice Chairman Joey Gillespie

Michael Hincher - New I D A Appointees Becki Jones

Mark Mitchell - New BOS Members LuAnn Wallace

David R. Eaton

Steven Breeding

Carl H, Ray

Rebecca Dye

Tim Lovelace

Vickie Porter — Assistant Co. Administrator

December 17, 2015
Page 2

The Chairman called the meeting to order at12:08 p.m. and welcomed all.

The Secretary called the roll and recorded the roll call.

The Chairman called a recess for the noon meal at 12:09 p.m.

Ben Chafin, Attorney, presented an explanation to the New BOS Members

and the new I D A members as to the role of the IDA and what it does and how it operates with a question and answer session after. Ben did an excellent job speaking to all in attendance.

The Chairman called the meeting back to order at 1:40 p.m. and called

for a break at this time.

The Chairman called the meeting back to order at 1:55 p.m.

December 17, 2015 Page 2

The Chairman called the meeting to order at12:08 p.m. and welcomed all.

The Secretary called the roll and recorded the roll call.

The Chairman called a recess for the noon meal at 12:09 p.m.

Ben Chafin, Attorney, presented an explanation to the New BOS Members and the new I D A members as to the role of the IDA and what it does and how it operates with a question and answer session after. Ben did an excellent job speaking to all in attendance.

The Chairman called the meeting back to order at 1:40 p.m. and called for a break at this time.

The Chairman called the meeting back to order at 1:55 p.m.

December17, 2015
Page 3

CLOSED SESSION

The Chairman gave the chair to Vice-Chairman Tony Dodi and left the meeting.

The new members of the BOS and the IDA were asked to stay for the meeting for discussion.

Upon motion made by J. C. Boyd, second by Mike Duty, and duly approved by the Industrial Development Authority of Russell County, Virginia to go into Closed Session as permitted by , VA Code#2.2-3711 (2) Acquisition/Sale of Property, VA Code 2.2-3711 (4) Prospective new business that has not been previously announced; VA Code 2.2-3711(7) Legal Counsel.

The new members of the BOS and the IDA were excused from the meeting after general discussions were concluded

RECONVENE TO PUBLIC SESSION

Upon motion made by J. C. Boyd, second by Mike Duty, and duly approved by The Industrial Development Authority of Russell County, Virginia, the Vice Chairman called the meeting back into regular session and requested the “Certification Motion after reconvening in Public Session”.

The vote was: Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited
Nay: None Absent: S. Banner, H. Rutherford

December17, 2015 Page 3

CLOSED

SSION

The Chairman gave the chair to Vice-Chairman Tony Dodi and left the meeting.

The new members of the BOS and the IDA were asked to stay for the meeting for discussion.

The new members of the BOS and the IDA were excused from the meeting after general discussions were concluded

RECONVENE TO PUBLIC SESSION

The vote was:

Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited Nay: None

Absent: S. Banner, H. Rutherford

December 17, 2015
Page 4

CERTIFICATION AFTER RECONVENING IN PUBLIC SESSION

The Industrial Development Authority of Russell County, Virginia hereby certifies that, in the closed session just concluded, nothing was discussed except the matter or matters (1) specifically indentified in the motion to convene in closed session and (2) lawfully permitted to be so discussed under the provision of the Virginia Freedom of Information Act cited in that motion.

The Roll Vote Was:

Steve Banner Absent Roger Sword Yes Sam Whited Yes Mike Duty Yes Fred Meade Yes Tony Dodi Yes Harry Rutherford Absent Scott Gilmer Yes J. C. Boyd Yes

Upon motion made by J. C. Boyd, second by Mike Duty and duly approved by the Industrial Development Authority of Russell County, VA to have acting Chairman prepare Retirement Ceremony recognizing the Chairman’s service to the community.

The vote was: Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited
Nay: None Absent: S. Banner, H. Rutherford

December 17, 2015 Page 4

CERTIFICATION AFTER RECONVENING IN PUBLIC SESSION

The Roll Vote Was:

Steve Banner Absent Roger Sword Yes Sam Whited Yes Mike Duty Yes Fred Meade Yes Tony Dodi Yes Harry Rutherford Absent Scott Gilmer Yes J.C. Boyd Yes

The vote was:

Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited Nay: None

Absent: S. Banner, H. Rutherford

December 17, 2015
Page 5

The acting Chairman returned the Chair to the Chairman.

MOTION TO ELECT

Upon motion made by Mike Duty, second by J. C. Boyd, and duly approved by the Industrial Development Authority of Russell County, VA to elect Tony Dodi, Chairman, and Roger Sword Vice-Chairman to serve effective 01-01-16 until the regular reorganization meeting due to the retirement of Chairman Harry Rutherford and Vice-Chairman Steve Banner.

The vote was: Yea, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited
Nay: None Absent: S. Banner

The Chairman returned the Chair to the Vice-Chairman in order to made the following motion.

ADJOURNMENT

Upon motion made by Harry Rutherford, second by J. C. Boyd, and duly approved by the Industrial Development Authority of Russell County, Virginia, to adjourn this meeting on December 15th, 2015 at 3:30 p.m.

The vote was: Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, H. Rutherford, R. Sword, S. Whited,
Nay: None Absent: S. Banner

December 17, 2015 Page 5

The acting Chairman returned the Chair to the Chairman.

MOTION TO ELECT

The vote was:

Yea, J. Boyd, T. Dodi, M. Duty, S. Gilmer, F. Meade, R. Sword, S. Whited Nay: None

Absent: S. Banner

The Chairman returned the Chair to the Vice-Chairman in order to made the following motion.

ADJOURNMENT

The vote was:

Yea, J. Boyd, M. Duty, S. Gilmer, F. Meade, H. Rutherford, R. Sword, S. Whited, Nay: None

Absent: S. Banner

Government Center Rents Collected

Date Description Amount 12/23/2015 VA Coal 1407.52

1/6/2015 DMME 5104.50 12/23/2015 WIB 740.00

1/6/2015 WIB 740.00

7992.02

Government Center Rents Collected

Date Description [Amount

12/23/2015|VA Coal 1407.52 1/6/2015|DMME 5104.50]

12/23/2015|WIB 740.00| 1/6/2015|WiB. 740.00|

7992.02|

CHAFIN LAW FIRM, P.C.

44 East Main Street A, Benton Chafin, Jr. Post Office Box 1210 M. Katherine Crabtree Attorney at Law Lebanon, Virginia 24266 Attorney at Law (276) 889-0143 Fax: (276) 889-1121

Website: fittp://www.chafinlaw.com

November 4, 2015

Russell County Industrial Development Authority

c/o Harry Rutherford

P.O. Box 1150

Honaker, VA 24260

RE: _ Billing from November 5, 2015 through December 22, 2015 Dear Harry:

Enclosed please find a statement for services rendered through December 22, 2015, in the amount of $1,344.60.

*Note: Billing may not be complete through the date listed above.

PLEASE PAY THIS AMOUNT:

L$ 1,344.60 |

If you have any questions, please do not hesitate to contact me.

Very truly yours, CHAFIN LAW FIRM, P.C.

\ ; AOL Chad bs A. BENTON CHAFIN, J]

Encl. (As noted)

Word/DA/Cover Letter for 114

15 — 12-22-15 Bil

Billing for Russell County IDA

(November 5, 2015 - December 22, 2015)

File Amount General File 7 $ 919.60 Lebanon Inn $ 337.50 Samuel Pressure Vessell Group $ 87.50 TOTAL |$ 1,344.60

Word/IDA/Breakdown for November 5, 2015 through December 22, 2015 Billing

TOWN OF LEBANON

INVOICE

To: Russell County IDA Attn: Carlton Elliott, Secretary PO Box 1150 Lebanon, VA 24266 Date: January 6, 2016

Installation of an 8-inch backflow preventer at Steel Fab: $3,500.00

Payment Terms: Due within thirty (30) days

TOWN OF LEBANON INVOICE

To:

Russell County IDA

Attn: Carlton Elliott, Secretary PO Box 1150

Lebanon, VA 24266 Date: January 6, 2016

Installation of an 8-inch backflow preventer at Stee! Fab: $3,500.00

Payment Terms: Due within thirty (30) days

Carlton Elliott PO Box 1396

Lebanon, VA 24266

Invoice December 31, 2015

Russell County IDA PO Box 2378 Lebanon, VA 24266

Bookkeeping Service $350.00
Extra Audit Work 10hrs @ $35.00/hr $350.00

Total $700.00

Carlton Elliott

Invoice December 31, 2015

Russell County IDA PO Box 2378 Lebanon, VA 24266

Bookkeeping Service Extra Audit Work 10hrs @ $35.00/hr

Total

Carlton Elliott

Carlton Elliott PO Box 1396 Lebanon, VA 24266

$350.00 $350.00

$700.00

1,812.04 Motel Pymnt 692.60 P/R Tax

28,185.63 Trnsfer 1,812.04 Pymnt fro HIX

235.66 Meeting 209.00 Expenses

128,500.00 Shell Building 23,818.60 Rent

740.00 Rent 20.63 Int

2,256.00 Rent 23,129.50 Rent

1,344.60 Legal 41.29 Supplies

700.00 Bookkeeping 5,685.68 Backflow 7,992.02 Rents

368.06 Expenses 1,750.00 Cleaning DMME

50.00 Membership 3,500.00 Backflow Ending

124,516.52 124,516.52

1/7/2016 Check 005350 Town of Lebanon VA

128,066.52 1/7/2016 Check 005349 SVAM 128,016.52 1/7/2016 Check 005348 Susan’s Cleaning Service

130,184.58 1/7/2016 Check 005347 Harry Rutherford 129,816.52 1/7/2016 Check 005346 Russell County Board

143,862.28 1/7/2016 Check 005345 HD Supply 138,176.60 1/7/2016 Check 005344 Carlton Elliott

144,603.57 1/7/2016 Check 005343 Dominion Office Products 144,562.28 1/7/2016 Check 005342 Chafin Law Firm, PC 1/6/2016 Deposit Deposit 145,948.17 1/6/2016 Deposit CASH RECEIPT 122,818.67 12/31/2015 Interest Bank Stmnt 120,562.67 12/23/2015 Deposit CASH RECEIPT 120,542.04

95,983.44 12/23/2015 Deposit Deposit 119,802.04 12/17/2015 Check 005341 C.L. Dale Construction

224,692.44 12/17/2015 Check 002443 Sam Whited 224,483.44 12/17/2015 Check 002442 Stone Cellar 12/16/2015 Deposit Cover Check#5340 224,928.10

251,301.69 12/16/2015 Withdraw Transfer to Motel 223,116.06 12/15/2015 Check W00031 Internal Revenue Service

Beginning 253,806.33 12/11/2015 Check 005340 Virginia Small Business 251,994.29

Comment/ Document Amount

Bank BalanceCheck Payee Name

Document/ Check

Docume nt

Chec k

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

IDA of Russell County VA (IDA)

Bank Code: FB&T Operating Account

Bank Recap Report For All Document Types Document Date Range: From: 121118 To: 010816

Bank Code: FB&T Operating Account

Document?) Docume Chec Camment/ Check nt k Check Payee Name

12/11/2015 Check 005340 —_ Virginia Small Business 12/15/2015 Check 00031 _Internal Revenue Service 12/16/2015 Withdraw Transfer to Motel 12/16/2015 Deposit Cover Check#t5340 12/17/2015 Check 002442 Stone Cellar

12/17/2015 Check 002443. Sam Whited

12/17/2015 Check 005341 C.L. Dale Construction

12/23/2015 Deposit Deposit 12/23/2015 Deposit. CASH RECEIPT 1231/2015 Interest Bank Stmnt

1/6/2016 Deposit CASH RECEIPT 1/6/2016 Deposit Deposit

11712016 Check 005342 —Chafin Law Firm, PC 11712016 Check 005343 Dominion Office Products 11712016 Check 005344 Carlton Elliott

11712016 Check 005345 HD Supply

11712016 Check 005346 Russell County Board 11712016 Check 005347 Harry Rutherford 11712016 Check 005348 Susan’s Cleaning Service 11712016 Check 005349 SVAM

11712016 Check 005350 Town of Lebanon VA

IDA of Russell County VA (IDA)

Document Amount

Beginning 1,812.04 692.60 28,185.63, 1,812.04 235.66 209.00 128,500.00 23,818.60 740.00 20.63 2,256.00 23,129.50 1,944.60 41.29 700.00 5,685.68, 7,992.02 368.06 1,780.00 50.00 3,500.00 Endina

Bank Balance 253,806.33, 251,994.29 Motel Pymnt 251,301.69 PIR Tax 223,116.06 Tmsfer 224,928.10 Pymnt fro HIX 224,692.44 Meeting 224,483.44 Expenses 95,983.44 Shell Building 119,802.04 Rent 120,542.04 Rent 120,562.67 Int 122,818.67 Rent 145,948.17 Rent 144,603.57 Leaal 144,562.28 Supplies 143,862.28 Bookkeeping 138,176.60 Backflow 130,184.58 Rents 129,816.52 Expenses 128,066.52 Cleaning DMME 128,016.52 Membership 124,516.52 Backflow 124,516.52

28,185.63 Payment from HIX 83,465.24 Payments from HIX

1,812.04 Transfer for pymnt check 98,546.59 VSBFA Draw 10,751.40 Motel Payment 20,808.49

3,247.30 Payment from HIX 10,064.29 Motel Payment

5,287.86 Motel Payment 2,209.04 Refund for Ferguson

2,491.78 1/8/2016 Check 002433 Highlander 282.74 1/7/2016 Check 002432 Virginia Small Business

17,843.93 1/7/2016 Check 002431 Virginia Coalfield 7,779.64 1/7/2016 Check 002430 Cumberland Plateau 1/7/2016 Deposit Deposit 21,091.23

11,034.14 12/16/2015 Check 002429 Virginia Coalfield 282.74 12/16/2015 Check 002428 Highlander 12/16/2015 Withdrawal Motel to General 109,580.73 12/16/2015 Deposit Deposit VSBFA & 111,392.77

Beginning Balance:

258.10-

12/16/2015 Deposit Motel payments from 27,927.53

Comment/ Document Amount

Bank BalanceCheck Payee Name

Document/ Check

Document Type

Check Number

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

IDA of Russell County VA (IDA)

Bank Code: FB&T Motel Account

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

Bank Code:

Document! ‘Check

12/16/2015 12/16/2015 12/16/2015 12/16/2015 12/16/2015 11712016 11712016 11712016 11712016 1/8/2016

FB&T Motel Account

Document Check

Type

Deposit Deposit Withdrawal Check Check Deposit Check Check Check Check

Number

002428 002429

002430 002431 002432 002433,

Comment! Check Payee Name

Motel payments from Deposit VSBFA & Motel to General Highlander

Virginia Coalfield Deposit

Cumberland Plateau Virginia Coalfield Virginia Small Business Highlander

IDA of Russell County VA (IDA)

Document ‘Amount

Beginning

Balance: 28,185.63, 83,465.24 1,812.04 98,546.59 10.751.40 20,808.49 3.24730 10,064.29 5,287.86 2,209.04

Bank Balance

258.10-

27,927.53 Payment from HIX 111,392.77 Payments from HIX 109,580.73 Transfer for pymnt check 11,034.14 VSBFA Draw 282.74 Motel Payment 21,091.23 17,843.93 Payment from HIX 7,779.64 Motel Payment 2,491.78 Motel Payment 282.74 Refund for Ferauson

4.05 Interest 3,100.00 Donations 1,263.75 Christmas Expense

Ending

49,341.17

1/6/2016 Check 003064 Carlton Elliott 1/6/2016 Deposit Deposit 50,604.92

Beginning Balance:

47,500.87

12/31/2015 Interest Bank Stmnt 47,504.92

Comment/ Document Amount

Bank BalanceCheck Payee Name

Document/ Check

Document Type

Check Number

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

IDA of Russell County VA (IDA)

Bank Code:

FB&T Contribution Fund

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

IDA of Russell County VA (IDA)

FB8T Contribution Fund

Document! Document Check Comment Document Bank Check Type Number Check Payee Name Amount Balance

47,500.87 12/31/2015 Interest Bank Strat 4.05 47,504.92 Interest 11612016 Deposit Deposit 3,100.00 50,604.92 Donations 1162016 Check (003064 Carlton Eliott 1,263.75 49,341.17 Christmas Expense

Ending 49,341.17

3.55 Interest 35,145.98 Payment from SF 22,099.16 Payment 12,217.39 Payment

Ending Balance:

37,947.70

50,165.09 1/5/2016 Check 002638 Virginia Coalfield 37,947.70 1/5/2016 Check 002637 Town of Lebanon VA 1/5/2016 Deposit Deposit 72,264.25

Beginning Balance:

37,114.72

12/31/2015 Interest Bank Stmnt 37,118.27

Comment/ Document Amount

Bank Balance

Check Payee Name

Document/ Check

Document Type

Check Number

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

IDA of Russell County VA (IDA)

Bank Code: FB&T - Steel Fab

Bank Recap Report For All Document Types Document Date Range: From: 121115 To: 010816

Bank Code:

Document! Check

1231/2015 1/5/2016 1/5/2016 1/5/2016

FB&q - Steel Fab

Document Check

Type Number Interest Deposit Check 002637 Check 002638

Comment!

Check Payee Name

Bank Stmnt Deposit

Town of Lebanon VA Virginia Coalfield

IDA of Russell County VA (IDA)

Document Amount

Beginning

Balance: 3.55 35,145.98 22,099.16 12,217.39 Ending Balance:

Bank Balance

37,114.72

37,118.27 Interest 72,264.25 Payment from SF 50,165.09 Payment 37,947.70 Payment 37,947.70

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