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Agenda Packet
Thursday October 8, 2020
Conference Call
5:30 P.M.
1 IDA
Russell County, VA
Agenda Packet
Thursday October 8, 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
October 8, 2020
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting October 8, 2020 at 5:30PM via conference call, pursuant to the
Russell County Emergency Ordinance of April 6, 2020.
October Regular IDA Meeting
Thu, Oct 8, 2020 5:30 PM - 9:30 PM (EDT)
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/962577069
You can also dial in using your phone.
United States: +1 (408) 650-3123
Access Code: 962-577-069
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


Attachments:
Minutes (Page 1 – 5)
Financial Report (Page 6-12)
Land Plat (Page 13)
https://global.gotomeeting.com/join/962577069
tel:+14086503123,962577069
1
IDA Russell County, VA
Industrial Development Authority of
Russell County, Virginia
October 8, 2020
AGENDA
The Industrial Development Authority of Russell County Virginia will hold its
regular monthly meeting October 8, 2020 at 5:30PM via conference call, pursuant to the
Russell County Emergency Ordinance of April 6, 2020.
October Regular IDA Meeting
‘Thu, Oct 8, 2020 5:30 PM - 9:30 PM (EDT)
Please join my meeting from your computer, tablet or smartphone.
h 1 2577
You can also dial in using your phone.
United States: +1 (408) 650-3123
Access Code: 962-577-069
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
peneweapwn
Attachments:
Minutes (Page 1-5)
Financial Report (Page 6-12)
Land Plat (Page 13)
September 10, 2020
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on September 10, 2020 at 5:30 P.M. via
conference call pursuant to the Russell County Emergency Ordinance of April 6,



MEMBERS
PRESENT:    Ernie McFaddin, Chairman
Richard Lockridge, Vice Chairman  

Carlton Elliott, Secretary
Roger Sword, Member
Tony Dodi, Member
John Stamper, Member
Donnie Christian, Member
Scott Gilmer, Member
Jarred Glass, Member
STAFF:  Ben Chafin, Attorney
The Chairman called the meeting to order at 5:32 P.M.
Secretary called the roll and recorded the roll call.
APPROVAL OF MINUTES
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 minutes of the August 13, 2020 Meeting with correction to
grammar in the chairman’s report.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Absent: J. Glass
Nay:  None
FINANCIAL REPORT
Upon motion made by Tony Dodi, second by Donnie Christian, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the financial report and pay invoices presented.
Page 1
September 10, 2020
The Regular monthly meeting of the Industrial Development Authority of
Russell County, Virginia was held on September 10, 2020 at 5:30 P.M. via
conference call pursuant to the Russell County Emergency Ordinance of April 6,



MEMBERS
PRESENT:
STAFF:
Emie McFaddin, Chairman
Richard Lockridge, Vice Chairman
Carlton Elliott, Secretary
Roger Sword, Member
Tony Dodi, Member
John Stamper, Member
Donnie Christian, Member
Scott Gilmer, Member
Jarred Glass, Member
Ben Chafin, Attorney
The Chairman called the meeting to order at 5:32 P.M.
Secretary called the roll and recorded the roll call.
APPROVAL OF MINUTES
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 minutes of the August 13, 2020 Meeting with correction to
grammar in the chairman’s report.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Absent: J. Glass
Nay: None
FINANCIAL REPORT
Upon motion made by Tony Dodi, second by Donnie Christian, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
approve the financial report and pay invoices presented.
Page 1
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Absent: J. Glass
Nay:  None
PUBLIC/GUEST COMMENTS
Preston Breeding spoke in favor of the Appalachian Youth Soccer League
using the field behind the Government Center for the fall soccer season. The
league will provide proof of liability insurance to the IDA.
Upon motion made by Scott Gilmer, second by Donnie Christian, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
authorize the chairman to prepare a short term use agreement with the Appalachian
Youth Soccer League for emergency use, due to the COVID-19 pandemic, of the
IDA property behind the Government Center. The chairman is authorized to sign
all documentation relating to this matter.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Absent: J. Glass
Nay:  None
ATTORNEY’S REPORT
The attorney reported the appraisal has been completed on Project
“Reclaim” of Two Million Dollars. This information will be provided to the
Tobacco Commission for the release of the allocated funds to acquire the property.
For this transaction to take place, the IDA needs to take title to an additional 67
acres of the property.
Upon motion made by Tony Dodi, second by Richard Lockridge, and duly
approved by the Industrial Development Authority of Russell County, per legal
counsel recommendation, taking ownership of the additional 67 acres within
Project “Reclaim” with Russell County Reclamation LLC providing a performance
bond to guarantee the remaining reclamation of this tract.
Page 2
The Roll Call Vote wa:
Aye: R. Lockridge,
Gilmer
Absent: J. Glass
Nay: None
jott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
PUBLIC/GUEST COMMENTS,
Preston Breeding spoke in favor of the Appalachian Youth Soccer League
using the field behind the Government Center for the fall soccer season. The
league will provide proof of liability insurance to the IDA.
Upon motion made by Scott Gilmer, second by Donnie Christian, and duly
approved by the Industrial Development Authority of Russell County, Virginia to
authorize the chairman to prepare a short term use agreement with the Appalachian
Youth Soccer League for emergency use, due to the COVID-19 pandemic, of the
IDA property behind the Government Center. The chairman is authorized to sign
all documentation relating to this matter.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Absent: J. Glass
Nay: None
ATTORNEY’S REPORT
The attorney reported the appraisal has been completed on Project
“Reclaim” of Two Million Dollars. This information will be provided to the
Tobacco Commission for the release of the allocated funds to acquire the property.
For this transaction to take place, the IDA needs to take title to an additional 67
acres of the property.
Upon motion made by Tony Dodi, second by Richard Lockridge, and duly
approved by the Industrial Development Authority of Russell County, per legal
counsel recommendation, taking ownership of the additional 67 acres within
Project “Reclaim” with Russell County Reclamation LLC providing a performance
bond to guarantee the remaining reclamation of this tract.
Page 2
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer
Abstain: J. Glass
Nay:  None
CHAIRMAN’S REPORT
Copper Creek Metal Works has asked for a letter of support for their application to
VCEDA for a seed capital grant.
Upon motion made by Tony Dodi, second by Richard Lockridge, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to prepare a letter of support for Copper Creek Metal Works
application to VCEDA for a seed capital grant. The chairman is authorized to sign
all document pertaining to this matter.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay:  None
First Bank and Trust has asked the IDA to adopt a resolution for the tax-
exempt VDH project funding.
Upon motion made by Richard Lockridge, second by Donnie Christian, and
duly approved by the Industrial Development Authority of Russell County,
authorizing the chairman to execute a resolution authorizing the issuance of bonds
for the VDH project. The chairman is authorized to sign all document relating to
this project.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay:  None
The chairman reported a business is interested in the property located across
the road from Jen Mar, however the IDA has transferred the land to the Board of
Supervisors and needs to be transferred back.
Page 3
The Roll Call Vote wa:
Aye: R. Lockridge, C.
Gilmer
Abstain: J. Glass
Nay: None
jott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
CHAIRMAN’S REPORT
Copper Creek Metal Works has asked for a letter of support for their application to
VCEDA for a seed capital grant.
Upon motion made by Tony Dodi, second by Richard Lockridge, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to prepare a letter of support for Copper Creek Metal Works
application to VCEDA for a seed capital grant. The chairman is authorized to sign
all document pertaining to this matter.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay: None
First Bank and Trust has asked the IDA to adopt a resolution for the tax-
exempt VDH project funding.
Upon motion made by Richard Lockridge, second by Donnie Christian, and
duly approved by the Industrial Development Authority of Russell County,
authorizing the chairman to execute a resolution authorizing the issuance of bonds
for the VDH project. The chairman is authorized to sign all document relating to
this project.
The Roll Call Vote wa
Aye: R. Lockridge, C.
Gilmer, J. Glass
Nay: None
iott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
The chairman reported a business is interested in the property located across
the road from Jen Mar, however the IDA has transferred the land to the Board of
Supervisors and needs to be transferred back.
Page 3
Upon motion made by Donnie Christian, second by Jarred Glass, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to submit a request to the Board of Supervisors to transfer the
property located on Gray Farm Road (Tax Map 117R 2709) to the IDA for a
potential business prospect. The chairman is authorized to sign all documents
pertaining to this motion.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay:  None
The chairman reported there is a company looking at the old Acme building.
Project “Brown” is moving forward and the meeting with VCEDA is set for
September 23, 2020 to secure funding for the building purchase.
Lebanon Apparel is looking for property to expand their business.
The Government Center roofing project is about 1/3 complete.
Probation Building project has received bids on the building and will be
selecting a contractor soon.
The VDH project has now gone through revision number 3 of the plans and
we are waiting for a response.
The Board of Supervisors and the Town of Lebanon have converted the
Covid Small Business Loans to grants.
Project “Jonah” has made steps forward. Property has been acquired by the
project and bids will be going out for the building. Due to land issues the building
will have to be moved to Russell County. This is a regional revenue sharing
project.
The Hemp project is going into harvest time, and the Covid crisis has
damaged the market. The company is working to get production back on schedule.
The Motel payments with VSBFA will restart in October. The project will
have to be reevaluated if the payments cannot be made.
Page 4
Upon motion made by Donnie Christian, second by Jarred Glass, and duly
approved by the Industrial Development Authority of Russell County, authorizing
the chairman to submit a request to the Board of Supervisors to transfer the
property located on Gray Farm Road (Tax Map 117R 2709) to the IDA for a
potential business prospect. The chairman is authorized to sign all documents
pertaining to this motion.
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay: None
The chairman reported there is a company looking at the old Acme building.
Project “Brown” is moving forward and the meeting with VCEDA is set for
September 23, 2020 to secure funding for the building purchase.
Lebanon Apparel is looking for property to expand their business.
The Government Center roofing project is about 1/3 complete.
Probation Building project has received bids on the building and will be
selecting a contractor soon.
The VDH project has now gone through revision number 3 of the plans and
we are waiting for a response.
The Board of Supervisors and the Town of Lebanon have converted the
Covid Small Business Loans to grants.
Project “Jonah” has made steps forward. Property has been acquired by the
project and bids will be going out for the building. Due to land issues the building
will have to be moved to Russell County. This is a regional revenue sharing
project.
The Hemp project is going into harvest time, and the Covid crisis has
damaged the market. The company is working to get production back on schedule.
The Motel payments with VSBFA will restart in October. The project will
have to be reevaluated if the payments cannot be made.
Page 4
The Carriage House project is still looking for funding in order to move
forward.
The new estimate on the road project in Hansonville with Mr. David
Leonard is $200,000.00 over the original estimate. This overage will have to
worked out with the landowner before the project can begin.
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 6:51 PM
The Roll Call Vote was:
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay:  None
Page 5
The Carriage House project is still looking for funding in order to move
forward.
The new estimate on the road project in Hansonville with Mr. David
Leonard is $200,000.00 over the original estimate. This overage will have to
worked out with the landowner before the project can begin.
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 6:51 PM
The Roll Call Vote wa
Aye: R. Lockridge, C. Elliott, T. Dodi, R. Sword, D. Christian, J. Stamper, S.
Gilmer, J. Glass
Nay: None
Page 5
9042MO - Russell County Industrial Development Authority
Bank Account Register
operating Account
September 1, 2020 - September 30, 2020
Checks/
Payments
Deposits/
Additions BalanceDate Reference Payee ID Description
10,807.79
5,043.20
5,243.20
Beginning Balance
First Bank & Trust
CPR Waste Management - September -
12960
3B Consulting Services -1319 - Sept
Polycap LLC - VCC - August -1132
Sword, Roger D
Gilmer, Scott J
Elliott, Carlton
McFaddin, Ernest
Lockridge, Richard
Glass, Jarred
Christian, Donnie
Stamper, John Michael
Internal Revenue Service
VCC Bank - 2 Intrest Payment - Polycap
First Bank & Trust Co
Southern Refrigeration Corporation
Thompson & Litton, Inc.
Virginia Coalfield Economic Development
Authority
Virginia Coalfield Economic Development
Authority
Russell County Board of Supervisors
Chafin Law Firm, P.C.
VA Coalfield EDA - 9351 - drone
VA Coal & Energy Alliance Inc - 2091 -
August
H & H Log Yard Inc, -16190 -
The Data Entry Co -18716 - Sept
RC Dept of Social Services - 152807 -
August
3B Consulting Services - 1344 - Sept.
Commonwealth of VA - SWVCC - 7-1-20
thru 9-30-20 - 23188776
JM Conveyors - 767555 - Sept.
Commonwealth of VA - DMME - July
Polycap LLC - VECDA
Hungate Business Services
Lab 20
Susan’s Cleaning Seivice
Thompson 8i Litton, Inc.
CPR Waste Management
Transfer from Projects
Compuchecks
Virginia Community Capital
Polycap Interest Payment -1169
Health Department Rent - 32316
DMME Rent - 23227639
09/01/20
09/03/20
5,764.59TG
200.00
09/03/20
09/03/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/08/20
09/09/20
09/09/20
09/09/20
09/09/20
3,500.00
11,399.89
8,743.20
20,143.09
19,958.39
19,773.69
19,588.99
14,404.29
14,219.59
14,034.89
13,850.19
13,665.49
12,775.89
(10,416.99)
(10,486.39)
(11,358.15)
(13,536.20)
(25,977.86)
1463 184.70
184.70
184.70
5,184.70
184.70
184.70
184.70
184.70
889.60
23,192.88
69.40
871.76
2,178.05
12,441.66
1464
1466
1467
1468
1469
1470
1471
TG 941
TG
5961 FirstBank
5962 Southern Re
5963 Thompson LI
5964 VCEDA
09/09/20 5965 VCEDA 9,909.91 (35,887.77)
09/10/20
09/15/20
09/17/20
09/17/20
5966 RCBOS
5967 Chafin Law
6,149.38
4,049.00
(42,037.15)
(46,086.15)
(43,340.17)
(42,049.76)
2,745.98
1,290.41
09/17/20
09/17/20
09/17/20
(40,049.76)
(39,049.76)
(25,467.76)
2,000.00
1,000.00
13,582.00
09/17/20
09/17/20
3,500.00
11,713.50
(21,967.76)
(10,254.26)
09/17/20
09/17/20
09/22/20
09/22/20
09/22/20
09/22/20
09/23/20
09/24/20
09/24/20
09/25/20
09/29/20
09/29/20
09/29/20
09/30/20
09/30/20
09/30/20
14,233.00
6,149.38
9,910.00
3,978.74
10,128.12
20,038.12
19,856.29
19,456.29
17,824.29
17,667.29
17,867.29
47,867.29
47,763.71
35,754.52
47,763.71
57,888.71
64,038.09
65,348.82
65.350.99L
5968 Hungate
5969 Lab20
5970 SUSANCL
5971 Thompson Li
181.83
400.00
1,632.00
157.00
200.00
30,000.00TG
TG 103.58
12,009.195972 Virginia Co
TG 12,009.19
10,125.00
6,149.38
1,310.73
TG
TG
TG Virginia Coal 8i Energy Alliance Rent - 2101
September InterestTG 2.17
Totals 86,477.43 141,020.63 65,350.99
Transaction count = 44
Printed by 13 Page 1
Page 6
9042M0 - Russell County Industrial Development Authority
Bank Account Register
Operating Account
September 1, 2020 - September 30, 2020
‘Checks Deposits/
Date Reference PayeeID Description Payments Additions Balance
Beginning Balance 10,807.79
09/01/20 1 First Bank & Trust 5,764.59 5,043.20
09/03/20 (CPR Waste Management - September - 200.00 5,243.20
12960
09/03/20 38 Consulting Services - 1319 - Sept 3,500.00 8,743.20
09/03/20 Polycap LLC = VCC - August - 1132 11,399.89 20,143.09
(09/08/20 1463 Sword, Roger D 184.70 19,958.39
09/08/20 1464 Giimer, Scott 3 184.70 19,773.69
09/08/20 1466 Eliott, Carton 184.70 19,588.99
09/08/20 1467 McFaddin, Emest 5,184.70 14,404.29
09/08/20 1468 Lockridge, Richard 184.70 14,219.59
(09/08/20 1469 Glass, Jarred 184.70 14,034.89
09/08/20 1470 Christian, Donnie 184.70 13,850.19
09/08/20, 1471 Stamper, John Michael 184.70 13,665.49
9/08/20 TS on Intermal Revenue Service 889.60 12,775.89
09/08/20 ad VCC Bank - 2 Intrest Payment - Polycap 23,192.88 (10,416.99)
09/09/20 5961 FirstBank First Bank & Trust Co 69.40 (10,486.39)
09/09/20 5962 Southem Re Southern Refigeration Corporation 871.76 (11,358.15)
03/09/20 ‘5963 Thompson Li _Thompson & Litton, nc. 2,178.05 (13,536.20)
09/09/20 5964 VCEDA Virginia Coatfetd Economic Development 12,441.66 (25,977.86)
Auth
wwe sas vernon asm
Auth
09/10/20 5966 RCBOS Ruel County Board of Supervisors 6,149.38 (42,037.15)
09/15/20 5967. Chain aw Chain Law Fim, P.C. 4,049.00 (46,086.15)
09/17/20 A Coalfield EDA - 9351 - drone 2,745.98 (43,340.17)
09/17/20 VA Coal & Energy Allance Inc - 2091 - 129041 (42,049.76)
09/17/20 H 8H Log Yard Ine, - 16190 - 2,000.00 (40,049.76)
09/17/20 ‘The Data Entry Co - 18716 - Sept 1000.09 (39,049.76)
09/17/20 RC Dept of Social Services - 152807 - 13,582.00 (25,467.76)
A
wie Saag anen- tut amano 79
09/17/20 ‘Commonwealth of VA - SWVCC - 7-1-20 11,71350 (10,254.26)
thru 9-30-20 - 23188776
09/17/20 JM Conveyors - 767555 - Sept. 14,233.00 3,978.74
09/17/20 ‘Commonwealth of VA - DMME - July 6,149.38 10,128.12
09/22/20 Polycap LLC - VECDA 9,910.00 20,038.12
09/22/20 5968 Hungate Hungate Business Services 181.83 19,856.29
09/22/20 5969 L2bz0 Lab 20 400.00 19,456.29
09/22/20 5970 SUSANCL Susan’s Cleaning Service 1,632.00 17,824.29
09/23/20 5971 Thompson LL Thompson & Litton, Inc. 187.00 17,667.29
09/24/20 (CPR Waste Management 200.00 17,867.29
09/24/20 16 ‘Transfer from Projects 30,000.00 47,867.23
09/25/20 6 CCompuchecks 103.58 47,763.71
09/29/20 5972 Virginia Co Virginia Community Capital 12,009.19 35,754.52
09/29/20 6 Polycap Interest Payment - 1169 12,009.19 47,763.71
09/29/20 16 Health Department Rent - 32316 10,125.00 57,888.71
09/30/20 6 DMME Rent - 23227639 6,149.38 64,038.09
03/30/20 6 Virginia Coal & Energy Allance Rent - 2101 1,310.73 65,348.82
09/30/20 6 September Interest 247 65,350.99
Transaction count = 44
Totals
Page 6
86,477.43 141,020.63 65,350.99
Printed by 13
9042MO - Russell County Industrial Development Authority
Bank Account Register
Projects Account
September 1, 2020 - September 30, 2020
Checks/
Payments
Deposits/
AdditionsDate Reference Payee ID BalanceDescription
30,521.47
230,521.47
51,421.47
21,421.47
21,376.47
21,379.74
21,379.74
Beginning Balance
Trinsfer from Line of Credit
Baker Roofing of Roanoke
Transfer from Projects
Dropbox
September Interest
09/03/20
09/09/20
09/24/20
09/25/20
09/30/20
200,000.00TG
1099 Baker Roof 179,100.00
30,000.00
45.00
TG
TG
3.27TG
Totals 209,145.00 200,003.27
Transaction count = 5
Page 1Printed by 13
Page 7
9042MO - Russell County Industrial Development Authority
Bank Account Register
Projects Account
‘September 1, 2020 - September 30, 2020
‘Checks/ Deposits/
Date Reference Payee ID __Description Payments Additions Batance
Beginning Balance 30,521.47
09/03/20 1G ‘Trinsfer from Line of Credit 200,000.00 230,521.47
09/09/20 1099 Baker Roof Baker Roofing of Roanoke: 179,100.00 91,421.47
09/24/20 uc ‘Transfer from Projects 30,000.00 21,421.47
09/25/20 uo Dropbox 45,00 21,376.47
09/30/20 aid ‘September Interest 3.27 21,379.74
Transaction count = §
Totals
Page 7
209,145. 200,003. 213
Printed by 13
9042MO - Russell County Industrial Development Authority
Bank Account Register
steel Fab
September 1, 2020 - September 30, 2020
Checks/
Payments
Deposits/
AdditionsDate Reference Payee ID Description Baiance
Beginning Balance
Town of Lebanon
Virginia Coalfield Economic Development
Authority
Samuel - 162737 - September
September Interest
89,366.87
67,267.71
54,579.29
09/09/20
09/09/20
2758 Town of Leb
VCEDA
22,099.16
12,688.422759
09/17/20
09/30/20
89,725.27
89,727.55
35,145.98
TG 2.28
Totals 34,787.58 35,148.26 89,727.55’
Transaction count= 4
Printed by 13 Page 1
Page 8
9042M0 - Russell County Industrial Development Authority
Bank Account Register
Steel Fab
September 1, 2020 - September 30, 2020
‘Checks/ Deposits/
Date Reference Payee ID Description Payments Additions Balance
Beginning Balance 89,366.87
09/09/20 2758 Tonofled —Townof Lebanon 22,099.16 6726771
09/09/20 2759 VCEDA Ps baal Economic Development 12,688.42 $4,579.29
¢
09/17/20 Samuel - 162737 - September 35,145.98 9972527
09/30/20 16 September Interest 23 99,727.55
‘Transaction count = 4
Totals
Page &
34,767.58 35,148.26 89,727.55
Printed by 13
Paget
9042MO - Russell County Industrial Development Authority
Bank Account Register
Motel Construction
September 1, 2020 - September 30, 2020
Checks/
Payments
Deposits/
AdditionsDate Reference Payee ID Description Balance
Beginning Balance 20,268.89
20,268.89Totals 0.00 0.00
Transaction count = 0
Page 1Printed by 13
Page 9
9042M0 - Russell County Industrial Development Authority
Bank Account Register
Motel Construction
September 1, 2020 - September 30, 2020
‘Transaction count = 0
Checks? Deposits/
Date Reference Payee 1D __Description Payments Additions Balance
Beginning Balance 20,268.89
Totals 0.00
0.00 20,268.89
Page 9
Printed by 13
Page 1
9042MO - Russell County Industrial Development Authority
Bank Account Register
X Money Market Account
September 1, 2020 - September 30, 2020
Checks/
Payments
Deposits/
AdditionsDate Reference Payee ID Description Balance
Beginning Balance
September Interest
100,868,65
100,889.38’09/30/20 TG 20.73
Totals 0.00 20.73 100,889.38
Transaction count = 1
Page 1Printed by 13
Page 10
9042MO - Russell County Industrial Development Authority
Printed by 13,
Bank Account Register
X Money Market Account
September 1, 2020 - September 30, 2020
Checks/ Deposits/
Date Reference PayeeID Description Payments ‘Additions Balance
Beginning Balance 100,868.65
09/30/20 16 September Interest 20.73 100,989.38
Totals 20.73, 100,889.38
Transaction count = 1
Page 10
Paget
20-Jul Auq-20 20-Sep 20-Oct19-Mav 19-Jun 19-Jul 19-Auq 19-SeD 19-Oct 19-Nov 19-Dec 20-Jan 20-Feb 20-Mar 20-Apr 20-Mav 20-JunMonthly Checks
VSBFA
VCEDA
v/V’✓ s/ w’ v/
Motel Loan 1
Motel Loan 1VCEDA
VCEDA
CPPD
VCEDA
VCEDA
Tobacco Commission - Semi-Annually JennChem
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Town of Lebanon
Board Member Expenses
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Town of Lebanon / Polycap
Virginia Community Capital
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February and August I
Susans Cleaning Service
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Lebanon Inn check for $8535.16 is for
$5287.86 - VSBFA & $3247.30 - CPPDC
3-24-20 - hold payment for 60 days
Page 11
Monthly Checks 19May 19.un 19.Jul_ 19:tug 1982p 19-0ct 19Nov 19-02 20Feb 20Mer 20-Aor 20May 20shin__20-J Aun-20 20-Sep 20-0ct
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Town of Lebanon /Plycap 5
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Fag -DSS-EFT ODES a
VA Tobacco Commission -ser-annusty Polean| %
February and August i
Susans Cleaning Senice
VCC-ACH- pay when Poca pays us. Polyeap ze a
Lebanon nn check fr $8535.16 for
‘$5287.86 - VSBFA & $3247.30-CPPOC
3.24.20 hld payment fo 60 days
Page 11
Russell County Board of Supervisors
September-20
DMME
DMME
2318008
23227639
6,149,38
6,149.38
1,290.41
1,310.73
3,500.00
3,500.00
200.00
200.00
VCEA 2091
VCEA
3B Consulting
3B Consulting
CPRW
CPRW
2101
1319
1344
12960
12994
Total 22,299.90
Page 12
Russell County Board of Supervisors
September-20
DMME 2318008 6,149.38
MME 23227639 6,149.38
VCEA 2091 1,290.41
VCEA 2101 1,310.73
38 Consulting 1319 3,500.00
3B Consulting 1344 3,500.00
cPRW 12960 200.00
CPRW 12994 200.00
Total 22,299.90
Page 12
Page 13
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