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Agenda Packet
Thursday, January 10, 2019
Bonanza Family Restaurant
5:30 P.M.
Agenda Packet
Thursday, January 10, 2019
Bonanza Family Restaurant
5:30 P.M.
Virginia Code
Closed Sessions 2.2-3711


Personnel


Acquisition/Sale of Property


Privacy of Individuals


Prospective Unannounced Business


7 & 8.  Legal
Virginia Code
Closed Sessions 2.2-3711




4,
5.
Personnel
Acquisition/Sale of Property
Privacy of Individuals
Prospective Unannounced Business
7 &8. Legal
January 10, 2019
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting on January 10, 2019 at Bonanza Family Restaurant Main Street,
Lebanon, Virginia, and beginning at 5:30 PM.


Call to Order


Roll Call


Guest Presentations


a. Sandy Ratliff, Virginia Community Capital, Inc.


Recess for Meal


Approval of Minutes


Approval of Financial and Treasurer’s Report


Attorney’s Report


Chairman’s Report


Old Business


New Business


Closed Session as permitted by Virginia Code #2.2-3711


Adjourn Meeting


Attachments
a. Accounts payable invoices (Page A1 -A4)
January 10, 2019
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting on January 10, 2019 at Bonanza Family Restaurant Main Street,
Lebanon, Virginia, and beginning at 5:30 PM.

Call to Order
Roll Call
Guest Presentations
a. Sandy Ratliff, Virginia Community Capital, Inc.
Recess for Meal
Approval of Minutes
Approval of Financial and Treasurer’s Report
Attorney’s Report
Chairman’s Report
Old Business
New Business
Closed Session as permitted by Virgi
Adjourn Meeting
Attachments

a. Accounts payable invoices (Page A1 -A4)
December 17, 2018
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on  December 17, 2018, at 5:30 P.M. at
Bonanza Family Restaurant, Main Street, Lebanon, Virginia.
MEMBERS

PRESENT:    Ernie McFaddin, Chairman
Richard Lockridge, Vice Chairman
Carlton Elliott, Secretary
Roger Sword, Member
Jarred Glass, Member
Mike Hincher, Member
Tony Dodi, Member 

ABSENT:  Scott Gilmer, Member

David Mullins, Member
STAFF:  Katie Patton, Attorney
GUESTS:  Jonathan Belcher, VCEDA
The Chairman called the meeting to order at 5:49 P.M.
Secretary called the roll and recorded the roll call.
APPROVAL OF MINUTES
Upon motion made by Roger Sword, second by Richard Lockridge and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the minutes of the November 8, 2018.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
FINANCIAL REPORT
Upon motion made by Tony Dodi, second by Mike Hincher, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the Financial Report of December 17, 2018.
December 17, 2018
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on December 17, 2018, at 5:30 P.M. at
Bonanza Family Restaurant, Main Street, Lebanon, Virginia.
MEMBERS
PRESEN
ABSENT:
STAFF:
GUESTS:
Ernie McFaddin, Chairman
Richard Lockridge, Vice Chairman
Carlton Elliott, Secretary
Roger Sword, Member
Jarred Glass, Member
Mike Hincher, Member
Tony Dodi, Member
Scott Gilmer, Member
David Mullins, Member
Katie Patton, Attorney
Jonathan Belcher, VCEDA
The Chairman called the meeting to order at 5:49 P.M.
Secretary called the roll and recorded the roll call.
APPROVAL OF MINUTES
Upon motion made by Roger Sword, second by Richard Lockridge and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the minutes of the November 8, 2018.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
FINANCIAL REPORT
Upon motion made by Tony Dodi, second by Mike Hincher, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the Financial Report of December 17, 2018.
December 17, 2018
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
PUBLIC COMMENT
No Comments
ATTORNEY’S REPORT
The attorney and the chairman presented preliminary terms for the
Revolving Loan Program.
CHAIRMAN’S REPORT
The chairman reported VCEDA negotiated a facilities lease agreement with
Lebanon Inn LLC.
Upon motion made by Tony Dodi, second by Roger Sword and duly
approved by the Industrial Development Authority of Russell County, Virginia
approving the 6th amendment to the facilities lease agreement between VCEDA
and Lebanon Inn, LLC.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
The chairman advised the IDA the Russell county Health Department did
not wish to relocate to the 911 Center. They would possibly consider a move to the
Government Center in the future.
The Regional IDA discussed completing a feasibility study for a regional
events center.
Upon motion made by Tony Dodi, second by Richard Lockridge and duly
authorizing a letter of support for a feasibility study pertaining to a regional event
center.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
December 17, 2018
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
PUBLIC COMMENT
No Comments
ATTORNEY’S REPORT
The attorney and the chairman presented preliminary terms for the
Revolving Loan Program.
CHAIRMAN’S REPORT
The chairman reported VCEDA negotiated a facilities lease agreement with
Lebanon Inn LLC.
Upon motion made by Tony Dodi, second by Roger Sword and duly
approved by the Industrial Development Authority of Russell County, Virginia
approving the 6" amendment to the facilities lease agreement between VCEDA
and Lebanon Inn, LLC.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
The chairman advised the IDA the Russell county Health Department did
not wish to relocate to the 911 Center. They would possibly consider a move to the
Government Center in the future.
The Regional IDA discussed completing a feasibility study for a regional
events center.
Upon motion made by Tony Dodi, second by Richard Lockridge and duly
authorizing a letter of support for a feasibility study pertaining to a regional event
center.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
December 17, 2018
Absent: S. Gilmer, D. Mullins
Nay:  None
Upon motion made by Tony Dodi, second by Roger Sword and duly
approved by the Industrial Development Authority of Russell County, Virginia
directing the attorney to draft an agreement between the IDA and Darrell Stoots
granting 1 +/- acre lot in the Russell County Industrial Park to Mr. Stoots.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
CLOSED SESSION
Upon motion made by Carlton Elliott, second by Mike Hincher and duly
approved by the Industrial Development Authority of Russell County, Virginia to
enter Closed Session as permitted by, VA Code #2.2-3711 (5) Prospective
unannounced industry (7) & (8) Legal Counsel.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
RECONVENE TO PUBLIC SESSION
Upon motion made by Carlton Elliott, second by Tony Dodi, and duly
approved by The Industrial Development Authority of Russell County, Virginia,
the Chairman called the meeting back into regular session and requested the
“Certification Motion after reconvening in Public Session”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
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 identified in the motion to convene in closed
December 17, 2018
Absent: S. Gilmer, D. Mullins
Nay: None
Upon motion made by Tony Dodi, second by Roger Sword and duly
approved by the Industrial Development Authority of Russell County, Virginia
directing the attorney to draft an agreement between the IDA and Darrell Stoots
granting 1 +/- acre lot in the Russell County Industrial Park to Mr. Stoots.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
CLOSED SESSION
Upon motion made by Carlton Elliott, second by Mike Hincher and duly
approved by the Industrial Development Authority of Russell County, Virginia to
enter Closed Session as permitted by, VA Code #2.2-371 (5) Prospective
unannounced industry (7) & (8) Legal Counsel.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
RECONVENE TO PUBLIC SESSION
Upon motion made by Carlton Elliott, second by Tony Dodi, and duly
approved by The Industrial Development Authority of Russell County, Virginia,
the Chairman called the meeting back into regular session and requested the
“Certification Motion after reconvening in Public Session”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
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 identified in the motion to convene in closed
December 17, 2018
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:
Ernie McFaddin Yes
Carlton Elliott Yes

Scott Gilmer Absent
Tony Dodi  Yes
      Roger Sword Yes 

Mike Hincher Yes

Jarred Glass  Yes
David Mullins Absent
Richard Lockridge Yes
MOTIONS FROM CLOSED SESSION
Upon motion made by Carlton Elliott, second by Richard Lockridge and
duly approved by the Industrial Development Authority of Russell County,
Virginia authorizing the chairman to apply for VCEDA funds for project “Blue
Jay”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
Upon motion made by Carlton Elliott, second by Richard Lockridge and
duly approved by the Industrial Development Authority of Russell County,
Virginia authorizing the chairman to apply for any and all necessary funds through
the Commonwealth of Virginia in reference to project “Blue Jay”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
ADJOURNMENT
Upon motion made by Carlton Elliott, second by Richard Lockridge, and
duly approved by the Industrial Development Authority of Russell County,
Virginia adjourning this meeting at 9:03 PM.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay:  None
December 17, 2018
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:
Ernie McFaddin Yes Roger Sword Yes
Carlton Elliott Yes Mike Hincher Yes
Scott Gilmer Absent Jarred Glass Yes
Tony Dodi Yes David Mullins Absent
Richard Lockridge Yes
MOTIONS FROM CLOSED SESSION
Upon motion made by Carlton Elliott, second by Richard Lockridge and
duly approved by the Industrial Development Authority of Russell County,
Virginia authorizing the chairman to apply for VCEDA funds for project “Blue
Jay”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
Upon motion made by Carlton Elliott, second by Richard Lockridge and
duly approved by the Industrial Development Authority of Russell County,
Virginia authorizing the chairman to apply for any and all necessary funds through
the Commonwealth of Virginia in reference to project “Blue Jay”.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
ADJOURNMENT
Upon motion made by Carlton Elliott, second by Richard Lockridge, and
duly approved by the Industrial Development Authority of Russell County,
Virginia adjourning this meeting at 9:03 PM.
The Vote was:
Aye: R. Lockridge, R. Sword, C. Elliott, M. Hincher, T. Dodi, J. Glass
Absent: S. Gilmer, D. Mullins
Nay: None
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