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Agenda Packet
Thursday September 10, 2020
Conference Call
5:30 P.M.
1 IDA
Russell County, VA
Agenda Packet
Thursday September 10, 2020
Conference Call
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
September 10, 2020
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting September10, 2020 at 5:30PM via conference call, pursuant to
the Russell County Emergency Ordinance of April 6, 2020.
September Regular IDA Meeting
Thu, Sep 10, 2020 5:30 PM - 9:30 PM (EDT)
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/423508005
You can also dial in using your phone.
United States: +1 (571) 317-3112
Access Code: 423-508-005
Call to Order


Roll Call


Approval of Minutes


Approval of Financial and Treasurer’s Report


Guest Presentations


Attorney’s Report


Chairman’s Report


Old Business


New Business


Public Comment


Adjourn Meeting


https://global.gotomeeting.com/join/423508005
tel:+15713173112,423508005
1
IDA Russell County, VA
Industrial Development Authority of
Russell County, Virginia
September 10, 2020
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting September10, 2020 at 5:30PM via conference call, pursuant to
the Russell County Emergency Ordinance of April 6, 2020.
September Regular IDA Meeting
‘Thu, Sep 10, 2020 5:30 PM - 9:30 PM (EDT)
Please join my meeting from your computer, tablet or smartphone.
h 1 42:
You can also dial in using your phone.
United States: +1 (571) 317-3112
Access Code: 423-508-005
Call to Order
1, Roll Call
Approval of Minutes
Approval of Financial and Treasurer’s Report
Guest Presentations
Attorney’s Report
Chairman’s Report
Old Business
New Business
Public Comment
10. Adjourn Meeting
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August 13, 2020
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on August 13, 2020 at 5:30 P.M. at the Russell
County Conference Center and via conference call pursuant to the Russell County
Emergency Ordinance of April 6, 2020.
MEMBERS
PRESENT:    Ernie McFaddin, Chairman
Richard Lockridge, Vice Chairman  

Carlton Elliott, Secretary
Roger Sword, Member
Tony Dodi, Member
John Stamper, Member
Donnie Christian, Member
ABSENT:  Scott Gilmer, Member
Jared Glass, Member
STAFF:  Ben Chafin, Attorney
The Chairman called the meeting to order at 5:35 P.M.
Secretary called the roll and recorded the roll call.
APPROVAL OF MINUTES
Upon motion made by Donnie Christian, second by Tony Dodi and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the minutes of the July 9, 2020 meeting and the July 29, 2020 Meeting.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  None
FINANCIAL REPORT
Upon motion made by Donnie Christian, second by Richard Lockridge, and
duly approved by the Industrial Development Authority of Russell County,
Virginia to approve the financial report and pay invoices presented.
The Roll Call Vote was:
August 13, 2020
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on August 13, 2020 at 5:30 P.M. at the Russell
County Conference Center and via conference call pursuant to the Russell County
Emergency Ordinance of April 6, 2020.
MEMBERS
PRESEN
Erie McFaddin, Chairman
Richard Lockridge, Vice Chairman
Carlton Elliott, Secretary
Roger Sword, Member
Tony Dodi, Member
John Stamper, Member
Donnie Christian, Member
ABSENT: Scott Gilmer, Member
Jared Glass, Member
STAFF: Ben Chafin, Attorney
The Chairman called the meeting to order at 5:35 P.M.
Secretary called the roll and recorded the rolll call.
APPROVAL OF MINUTES
Upon motion made by Donnie Christian, second by Tony Dodi and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the minutes of the July 9, 2020 meeting and the July 29, 2020 Meeting.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay: None
FINANCIAL REPORT
Upon motion made by Donnie Christian, second by Richard Lockridge, and
duly approved by the Industrial Development Authority of Russell County,
Virginia to approve the financial report and pay invoices presented.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  None
ATTORNEY’S REPORT
The attorney reported VCEDA is unwilling to close on Project “Trout”
without all the requirements in place. VCEDA is asking for an extension to the
project deadline to allow all the requirements to be in place.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to request a six-month extension with VCEDA for the loan closing of
Project “Trout”. The chairman is authorized to sign any documentation relating to
this request.
Aye: R. Lockridge, C. Elliott, T. Dodi, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  R. Sword
Abstain: C. Elliott
The attorney has been in contact with Jeff Taylor from the Hemp project,
and he is asking for each owner to only guarantee 1/3 each of the $250,000.00
from the Tobacco Commission loan. The IDA board consensus is to remain with
the original agreement and each owner personally guarantee the entire amount of
the loan.
CHAIRMAN’S REPORT
Project “Brown” is moving forward, and the building purchase should be
completed soon.
The Roofing the government center should be Beginning by the end of the
month.
The project to construct the probation office has been approved and
construction should begin by September.
VDH has not finalized plans for their move to the government center, the
chairman will be meeting with them next week.
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay: None
ATTORNEY’S REPORT
The attorney reported VCEDA is unwilling to close on Project “Trout”
without all the requirements in place. VCEDA is asking for an extension to the
project deadline to allow all the requirements to be in place.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to request a six-month extension with VCEDA for the loan closing of
Project “Trout”. The chairman is authorized to sign any documentation relating to
this request.
Aye: R. Lockridge, C. Elliott, T. Dodi, D. Christian, J. Stamper
Absent: 8. Gilmer, J. Glass
Nay: R. Sword
Abstain: C. Elliott
The attorney has been in contact with Jeff Taylor from the Hemp project,
and he is asking for each owner to only guarantee 1/3 each of the $250,000.00
from the Tobacco Commission loan. The IDA board consensus is to remain with
the original agreement and each owner personally guarantee the entire amount of
the loan.
CHAIRMAN’S REPORT
Project “Brown” is moving forward, and the building purchase should be
completed soon.
The Roofing the government center should be Beginning by the end of the
month.
The project to construct the probation office has been approved and
construction should begin by September.
VDH has not finalized plans for their move to the government center, the
chairman will be meeting with them next week.
Cumberland Plateau Planning District is asking for a letter of support for a
broadband project grant.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, Virginia
authorizing the chairman to prepare a letter of support for the Cumberland Plateau
Planning District VATI application. The chairman is authorized to sign all
documentation relating to this request.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  None
The chairman discussed the need for a drone for marketing campaigns for
the IDA and the county. This purchase could be funded from the $5,000.00 per
year advertising fund at VCEDA.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, Virginia
authorizing the chairman to request funding from the VCEDA advertising budget
to purchase a drone. The chairman is authorized to sign all documents related to
this request.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  None
There has been no information from Tractor Supply.
The Russell Place has been teste for asbestos and led and the preliminary
estimate to remove the brick portion of the buildings is $250,000.00
Schwan’s Food Company is leaving Russell County to consolidate at
another location.
Project “Jonah” seems to be moving forward with a job estimate of 240.
Cumberland Plateau Planning District is asking for a letter of support for a
broadband project grant.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, Virginia
authorizing the chairman to prepare a letter of support for the Cumberland Plateau
Planning District VATI application. The chairman is authorized to sign all
documentation relating to this request.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay: None
The chairman discussed the need for a drone for marketing campaigns for
the IDA and the county. This purchase could be funded from the $5,000.00 per
year advertising fund at VCEDA.
Upon motion made by Donnie Christian, second by Tony Dodi, and duly
approved by the Industrial Development Authority of Russell County, Virginia
authorizing the chairman to request funding from the VCEDA advertising budget
to purchase a drone. The chairman is authorized to sign all documents related to
this request.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay: None
There has been no information from Tractor Supply.
The Russell Place has been teste for asbestos and led and the preliminary
estimate to remove the brick portion of the buildings is $250,000.00
Schwan’s Food Company is leaving Russell County to consolidate at
another location.
Project “Jonah” seems to be moving forward with a job estimate of 240.
PUBLIC COMMENT
No public comment
ADJOURNMENT
Upon motion made by Richard Lockridge, second by Donnie Christian, and
duly approved by the Industrial Development Authority of Russell County,
Virginia adjourning this meeting at 6:20 PM
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay:  None
PUBLIC COMMENT
No public comment
ADJOURNMENT
Upon motion made by Richard Lockridge, second by Donnie Christian, and
duly approved by the Industrial Development Authority of Russell County,
Virginia adjourning this meeting at 6:20 PM
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper
Absent: S. Gilmer, J. Glass
Nay: None