2022-02-10 IDA Agenda Packet

2022-02-10 IDA Agenda Packet

Document Date: February 10, 2022 Document: 2022-02-10_IDA_Agenda_Packet.pdf

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Agenda Packet

Thursday February 10, 2022 Russell County Conference Center

5:30 P.M.

1 IDA Russell County, VA

Agenda Packet Thursday February 10, 2022 Russell County Conference Center 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

February 10, 2022

AGENDA The Industrial Development Authority of Russell County Virginia has moved the

regular monthly meeting to the Russell County Conference Center on February 10, 2022

at 5:30 PM

Call to Order
Roll Call
Approval of Minutes
Approval of Financial and Treasurer’s Report
Guest Presentations
Attorney’s Report
Executive Director’s Report
Old Business
New Business
Closed Session as permitted by Virginia Code #2.2-3711
Adjourn Meeting

Attachments: Minutes Pages 1-5 Invoices Pages 6-9

Financials Pages 10-15

IDA Russell County, VA

Industrial Development Authority of Russell County, Virginia

February 10, 2022 AGENDA

The Industrial Development Authority of Russell County Virginia has moved the regular monthly meeting to the Russell County Conference Center on February 10, 2022 at 5:30 PM

Call to Order

Roll Call

Approval of Minutes

Approval of Financial and Treasurer’s Report

Guest Presentations
Attorney’s Report
Executive Director’s Report
Old Business
New Business
Closed Session as permitted by Virginia Code #2.2-3711
Adjourn Meeting

Attachments: Minutes Pages 1-5 Invoices Pages 6-9

Financials Pages 10-15

January 20, 2022

The Regular monthly meeting of the Industrial Development Authority of

Russell County, Virginia was held on January 20, 2022, at 5:30 P.M. at the Russell

County Conference Center.

MEMBERS

PRESENT: Richard Lockridge, Chairman

Tony Dodi, Vice Chairman

Carlton Elliott, Secretary

Harry Ferguson, Member

John Stamper, Member

Donnie Christian, Member

DeAnna Jackson, Member

Roger Sword, Member

Jarred Glass, Member

ABSENT: None

STAFF: Ernie McFaddin, Executive Director

Heather Musick, Administrative Assistant

Katie Patton, Attorney

GUESTS:

The Chairman called the meeting to order at 5:34 P.M.

Secretary called the roll and recorded the roll call.

Upon motion made by Tony Dodi, second by Donnie Christian, and duly

approved by the Industrial Development Authority of Russell County, Virginia to

allow Roger Sword and Jarred Glass to participate in the meeting electronically

pursuant to the electronic meeting policies.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

Nay: None

Abstained: J. Glass, R. Sword

January 20, 2022 The Regular monthly meeting of the Industrial Development Authority of Russell County, Virginia was held on January 20, 2022, at 5:30 P.M. at the Russell County Conference Center.

MEMBERS

PRESENT: Richard Lockridge, Chairman Tony Dodi, Vice Chairman Carlton Elliott, Secretary Harry Ferguson, Member John Stamper, Member Donnie Christian, Member DeAnna Jackson, Member Roger Sword, Member Jarred Glass, Member

ABSENT: None

STAFF: Emie McFaddin, Executive Director Heather Musick, Administrative Assistant Katie Patton, Attorney

GUESTS: The Chairman called the meeting to order at 5:34 P.M. Secretary called the roll and recorded the roll call.

Upon motion made by Tony Dodi, second by Donnie Christian, and duly approved by the Industrial Development Authority of Russell County, Virginia to allow Roger Sword and Jarred Glass to participate in the meeting electronically pursuant to the electronic meeting policies.

The Vote was: Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson Nay: None

Abstained: J. Glass, R. Sword

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 December 2, 2021 meeting.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

FINANCIAL REPORT

Upon motion made by Tony Dodi, second by DeAnna Jackson, and duly

approved by the Industrial Development Authority of Russell County, Virginia to

approving the December 2021 financial reports and approve paying invoices

presented with the addition of Kestner Locksmith $1201.38 and Carlton Elliott

$79.57

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

EXECUTIVE DIRECTOR’S REPORT

The Executive Director asked the board to consider applying for grants from

USDA for the Acme and Russell Place projects.

Upon motion made by Tony Dodi, second by Donnie Christian, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to apply for $99,000.00 grant from USDA for

the Russell Place Project. The Executive Director, Chairman and Secretary are

authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

Upon motion made by Tony Dodi, second by Donnie Christian, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to apply for $99,000.00 grant from USDA for

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 December 2, 2021 meeting.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

FINANCIAL REPORT Upon motion made by Tony Dodi, second by DeAnna Jackson, and duly approved by the Industrial Development Authority of Russell County, Virginia to approving the December 2021 financial reports and approve paying invoices presented with the addition of Kestner Locksmith $1201.38 and Carlton Elliott $79.57

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

EXECUTIVE DIRECTOR’S REPORT The Executive Director asked the board to consider applying for grants from USDA for the Acme and Russell Place projects.

Upon motion made by Tony Dodi, second by Donnie Christian, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to apply for $99,000.00 grant from USDA for the Russell Place Project. The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

the Acme Project. The Executive Director, Chairman and Secretary are authorized

to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

The Executive Director asked the board to consider applying for a grant

from DHCD for future industrial site planning.

Upon motion made by Donnie Christian, second by Harry Ferguson, and

duly approved by the Industrial Development Authority of Russell County,

Virginia authorizing the Executive Director to apply for a $100,000 IRF planning

grant from DHCD for future industrial site development. The Executive Director,

Chairman and Secretary are authorized to sign all document pertaining to this

motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

CLOSED SESSION

Upon motion made by Donnie Christian, second by Harry Ferguson and

duly approved by the Industrial Development Authority of Russell County,

Virginia to enter Closed Session as permitted by, VA Code #2.2-3711 (3) Property

(7) & (8) Legal.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

RECONVENE TO PUBLIC SESSION

Upon motion made by Tony Dodi, second by John Stamper, 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:

the Acme Project. The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was: Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

The Executive Director asked the board to consider applying for a grant from DHCD for future industrial site planning.

Upon motion made by Donnie Christian, second by Harry Ferguson, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to apply for a $100,000 IRF planning grant from DHCD for future industrial site development. The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

CLOSED SESSION

Upon motion made by Donnie Christian, second by Harry Ferguson and duly approved by the Industrial Development Authority of Russell County, Virginia to enter Closed Session as permitted by, VA Code #2.2-3711 (3) Property (7) & (8) Legal.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

RECONVENE TO PUBLIC SESSION

Upon motion made by Tony Dodi, second by John Stamper, 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 wi

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

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

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 Call Vote Was:

Richard Lockridge Yes

Carlton Elliott Yes

Harry Ferguson Yes

Tony Dodi Yes

Roger Sword Yes

DeAnna Jackson Yes

Donnie Christian Yes

Jarred Glass Yes

John Stamper Yes

Upon motion made by Tony Dodi, second by John Stamper, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to secure funding from First Bank & Trust for

the VDH project not to exceed $800,000.00. The Executive Director, Chairman

and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

Upon motion made by Donnie Christian, second by Tony Dodi, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to establish a line of credit from First Bank &

Trust for $200,000. The Executive Director, Chairman and Secretary are

authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass 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 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 Call Vote Was:

Richard Lockridge Yes DeAnna Jackson Yes Carlton Elliott Yes Donnie Christian Yes Harry Ferguson Yes Jarred Glass Yes Tony Dodi Yes John Stamper Yes

Roger Sword Yes

Upon motion made by Tony Dodi, second by John Stamper, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to secure funding from First Bank & Trust for the VDH project not to exceed $800,000.00. The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

Upon motion made by Donnie Christian, second by Tony Dodi, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to establish a line of credit from First Bank & Trust for $200,000, The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

Upon motion made by John Stamper, second by Donnie Christian, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to apply for funding $200,000 from VCEDA to

complete the improvements for Project “Goat”. The Executive Director, Chairman

and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

Upon motion made by Tony Dodi, second by John Stamper, and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the attorney to send Mr. J.K. Musick notice of default on the rent for

the Project “Trout” property and have the notice delivered by private processor.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

ADJOURNMENT

Upon motion made by Donnie Christian, second by Harry Ferguson, and

duly approved by the Industrial Development Authority of Russell County,

Virginia adjourning this meeting at 7:10PM.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson

R. Sword, J. Glass

Nay: None

Upon motion made by John Stamper, second by Donnie Christian, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to apply for funding $200,000 from VCEDA to complete the improvements for Project “Goat”. The Executive Director, Chairman and Secretary are authorized to sign all document pertaining to this motion.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

Upon motion made by Tony Dodi, second by John Stamper, and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the attorney to send Mr. J.K. Musick notice of default on the rent for the Project “Trout” property and have the notice delivered by private processor.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

ADJOURNMENT

Upon motion made by Donnie Christian, second by Harry Ferguson, and duly approved by the Industrial Development Authority of Russell County, Virginia adjourning this meeting at 7:10PM.

The Vote was:

Aye: C. Elliott, J. Stamper, T. Dodi, D. Christian, H. Ferguson, D. Jackson R. Sword, J. Glass

Nay: None

Turner Cleaning Service LLC Invoice January 2022 120 David Martin LN Dante, VA 24237

Cleaning at: Lebanon Probation Cleaning days: 8 $50 per cleaning Total Due: $400.00

Turner Cleaning Service LLC Invoice January 2022 120 David Martin LN Dante, VA 24237

Cleaning at: Lebanon Probation Cleaning days: 8

$50 per cleaning

Total Due: $400.00

Alb - 701 = 6962

Ipsec. AMOUNT: -JAWURAG AEaB. Cleaning . Dersotp Be a 10g _— te : us. Lael n a 7 is ae : *k CEEvaE ‘ 1 ve P “ ’ 5) . “ 1

Member Name Carlton Elliott Phone No.

Member Add: PO Box 1396 Lebanon, VA

Email address [email protected] Date 1/31/2021

Date Description Time Worked Miles Mileage 0.54 Meals Fee $200.00

1/31/22 PO Box rental 0.00 0.00 -$ -$ -$

0.00 0.00 -$ -$ -$

0.00 0.00 -$ -$ -$ -$

0.00 0.00 -$ -$ -$

0.00 0.00 -$ -$ -$ -$

0.00 0.00 -$ -$ -$

0.00 0.00 -$ -$ -$ -$

0.00 0.00 -$ -$ -$

Totals 0.00 0.00 -$ -$ -$

MEMBER SIGN Carlton Elliott NOTES:

Finance Comm

Reimburse

65.00$

Russell County IDA Member Expense Voucher

(276) 608-4786

65.00$

Russell County IDA Member Expense Voucher

Member Name Carlton Eliott Phone No. (276) 608-8786 Member Add: PO Box 1396 Lebanon, VA [Email address [email protected] Date 312021 Date ‘Time Worked Miles Meals | Reimburse | Fe 1/31/22 |PO Box rental 0.00 0.00 gs - [s 65.00] ¢ 3 0.00) 0.00 sis -|s : 0.00) 0.00 os - is 2 [8 : 0.00) 0.00 s- [s -|s : 0.00) 0.00 s- [s -|s : 0.00) 0.00 sis - |s : 0.00) 0.00 s- [s -|s : 0.00 0.00 sis - |s : 0.00) 0.00 s- [s -|s : 0.00 0.00 3 - is ~ |s 7 0.00) 0.00 os - [s 2 [8 : 0.00 0.00 sis -|s 7 0.00) 0.00 s- [s -|s : [Totals 0.00 0.00 3 - [s s00[¢ 3 MEMBER SIGN Cotan Elitt NoTES:

Finance Comm

Feedback

POBOL Find & Reserve https://poboxes.usps.com/paynowSuccess.html?boxId=105997485&ord…

1 of 2 1/31/2022, 12:19 PM

Reimburse Carlton Elliott

POBOL Find & Reserve https://poboxes.usps.com/paynowSuccess.html?boxld=105997485&ord. Reimburse Carlton Elliott

Manage PO Box <Manage PO Box ()

Payment Successful

Your payment was successful. Payment Received - PO Box™ 2378

DATE 01.31.2022

AMOUNT $65.00

PAYMENT PERIOD 6 Months z TRANSACTION# 91002192831527 CARD VISA 77777 1987

PO Box Details

PO BOX LOCATION

Lebanon — Post Office™

304 W Main St, Lebanon, VA 24266 Phone: (276) 889-1451

PO BOX SIZE

Size 3-M 5.5"x 11"

lof2

Bank Code:

Comment/ Check Payee Name

139,114.69

1/3/2022 Check Ernest McFaddin 4,525.52 134,589.17

1/3/2022 Check Heather W. Musick 2,043.20 132,545.97

1/3/2022 Check First Bank & Trust Company 5,764.59 126,781.38

1/4/2022 Deposit CASH RECEIPT DEPOSIT 27,207.00 153,988.38

1/4/2022 Check American Electric Power 297.78 153,690.60

1/4/2022 Check American Electric Power 1,050.62 152,639.98

1/5/2022 Deposit Deposit - Loan Proceeds #4820 6,943.62 159,583.60

1/5/2022 Check Chad Newberry Construction 47,985.67 111,597.93

1/5/2022 Check First Bank & Trust Company 6,943.62 104,654.31

1/7/2022 Deposit CASH RECEIPT DEPOSIT 1,705.00 106,359.31

1/11/2022 Deposit Transfer For Chad Newberry Invoice 47,985.67 154,344.98

1/12/2022 Check Internal Revenue Service 591.90 153,753.08

1/18/2022 Deposit 62,645.80 216,398.88

1/19/2022 Deposit Deposit - Polycap Lease Payment 9,910.00 226,308.88

1/19/2022 Deposit CASH RECEIPT DEPOSIT 23,711.75 250,020.63

1/19/2022 Check Chad Newberry Construction 4,719.18 245,301.45

1/20/2022 Withdrawal Transfer General to Project 62,645.80 182,655.65

1/20/2022 Check Dominion Office Products 143.00 182,512.65

1/20/2022 Check East Tennessee Sprinkler Co. 191.25 182,321.40

1/20/2022 Check Hungate Business Services 649.18 181,672.22

1/20/2022 Check Innovative Technology Solutions 37.50 181,634.72

1/20/2022 Check Kestner Locksmith 1,201.38 180,433.34

1/20/2022 Check Ernest McFaddin 531.28 179,902.06

1/20/2022 Check Russell County Conference Center 60.00 179,842.06

1/20/2022 Check Susan’s Cleaning Service Inc 350.00 179,492.06

1/20/2022 Check Virginia Coalfield Economic 12,441.66 167,050.40

1/20/2022 Check Hungate Business Services 49.66 167,000.74

1/20/2022 Check Carlton Elliott 79.57 166,921.17

1/20/2022 Check Virginia Coalfield Economic 9,910.00 157,011.17

1/21/2022 Deposit Deposit - Tobacco Grant “Reclaim” 383,432.15 540,443.32

1/28/2022 Deposit 17,070.32 557,513.64

1/28/2022 Deposit CASH RECEIPT DEPOSIT 950.00 558,463.64

1/28/2022 Check 0.00 558,463.64

1/28/2022 Check Roger D. Sword 184.70 558,278.94

1/28/2022 Check William C. Elliott 688.38 557,590.56

1/28/2022 Check Richard Lockridge 184.70 557,405.86

1/28/2022 Check Jarred Glass 184.70 557,221.16

1/28/2022 Check Donnie Christian 184.70 557,036.46

1/28/2022 Check John M. Stamper 184.70 556,851.76

1/28/2022 Check DeAnna C. Jackson 184.70 556,667.06

1/28/2022 Check Harry Ferguson 184.70 556,482.36

1/28/2022 Check Ernest McFaddin 4,525.52 551,956.84

1/28/2022 Check Heather W. Musick 2,043.20 549,913.64

1/28/2022 Check VCC Bank 32,960.20 516,953.44

1/31/2022 Interest Bank Stmnt 8.46 516,961.90

1/31/2022 Check Baker’s Construction Services, Inc. 383,432.15 133,529.75

1/31/2022 Check Treasurer of Virginia 10,750.00 122,779.75

1/31/2022 Check First Bank & Trust Company 1,934.06 120,845.69

Ending 120,845.69

0000006228

W000000100

0000000072

0000006226

0000006227

0000000069

0000000070

0000000071

0000000066

0000000067

0000000068

0000000062

0000000063

0000000064

0000000065

0000006225

Transfer for payments covered by IDA

for Holiday Inn

0000006222

0000006223

0000006224

0000006219

0000006220

0000006221

0000006216

0000006217

0000006218

0000006213

0000006214

0000006215

W000000099

Deposit - Tobacco grant for Russell

Place

0000006212

W000000098

W000000096

W000000097

0000000060

0000000061

W000000093

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T Operating Account

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA) Bank Code: FEST Operating Account

Document? Document Check ‘Comment! Document Bank ‘Check Type Number ‘Check Payee Name ‘Amount Balance Beginning 139,114.69 11372022 Check ~—-0000000060 Ernest McFaddin 452552 134,589.17 1372022 Check —- 0000000081, Heather W. Musick 2043.20 182,545.97 1372022 © Check ©—-ww000000093 First Bank & Trust Company 5,764.59 126,781.38 11412022 Deposit CASH RECEIPT DEPOSIT 27,207.00 153,988.38, 1472022 Check =» ww000000096 ‘American Electric Power ‘297.78 153,690.60 1472022 Check ~—»-w000000097 ‘American Electric Power 1,050.62 152,639.98, 1512022 Deposit Deposit - Loan Proceeds #4820 6943.62 159,583.60 1512022 Check 0000006212 ‘Chad Newberry Construction 4798567 111,597.93 52022 Check ©» ww000000098 First Bank & Trust Company 6,943.62 104,654.31 11712022 Deposit CASH RECEIPT DEPOSIT 1,705.00 106,359.31 11112022 Deposit ‘Transfer For Chad Newberry Invoice 4798567 154,344.98, 12/2022 Check —–wwo00000099 Internal Revenue Service 591.90 183,753.08 1118/2022 Deposit Deposit - Tobacco grant for Russell 62,645.80 216,398.88, Place 1119/2022 Deposit Deposit - Polycap Lease Payment 9.91000 226,308.88 19/2022 Deposit ‘CASH RECEIPT DEPOSIT 23,711.75 250,020.63, 9/2022 Check 0000006213 (Chad Newberry Construction 4,719.18 245,301.45 1120/2022 Withdrawal Transfer General to Project 62,645.80 182,855.65, 20/2022 Check 0000006214 Dominion Office Products 143.00 (182,512.65 20/2022 Check 0000006215 East Tennessee Sprinkler Co. 191.25 182,321.40 20/2022 Check 0000006216 Hungate Business Services 64918 181,672.22 20/2022 Check 0000006217 Innovative Technology Solutions 3750 181,634.72 20/2022 Check 0000006218 Kestner Locksmith 1.20138 180,433.34 20/2022 Check 0000006218 Ernest McFaddin 531.28 179,902.06 1202022 Check 0000006220 Russell County Conference Center 60.00 179,842.06 1202022 Check —- 0000006221 ‘Susan’s Cleaning Service Inc 350.00 179,492.06 20/2022 Check 0000006222 Virginia Coatfield Economic 12,441.66 167,050.40 20/2022 Check 0000006223 Hungate Business Services 49.66 167,000.74 20/2022 Check 0000006224 CCariton Etiott 7987 166,921.17 20/2022 Check 0000006225 Virginia Coatfield Economic 991000 157,011.17 112112022 Deposit Deposit - Tobacco Grant “Rectaim” 383,432.15 540,443.32 1128/2022 Deposit ‘Transfer for payments covered by IDA 1707032 557,513.64 for Holiday Inn. 1/28/2022 Deposit ‘CASH RECEIPT DEPOSIT 950.00 558,463.64 28/2022 Check 0000000062 0.00 558,463.64 28/2022 Check 0000000063 Roger D. Sword 184.70 558,278.94 28/2022 Check 0000000064 Wiliam C. Eliott 688.38 557,590.56 28/2022 Check 0000000065 Richard Lockridge 18470 557,405.86, 28/2022 Check 0000000066 Jarred Glass 184.70 57,221.16 28/2022 Check 0000000067 Donnie Christian 18470 557,036.46, 28/2022 Check 0000000068 John M. Stamper 18470 556,851.76, 28/2022 Check 0000000069 Deanna C. Jackson 184.70 556,667.06, 28/2022 Check 0000000070 Hany Ferguson 18470 556,482.36, 28/2022 Check 0000000071, Ernest McFaddin 452552 551,956.84 1282022 Check 0000000072 Heather W. Musick 2,043.20 549,913.64 1282022 Check 0000006226 VCC Bank 3296020 516,953.44 31/2022 Interest Bank Stmnt 846 516,961.90, 31/2022 Check 0000006227 Baker’s Construction Services, Inc. 383,432.15 133,529.75 31/2022 Check 0000006228 Treasurer of Virginia 10,75000 122,779.75 31/2022 Check wo00000100 First Bank & Trust Company 1,934.06 120,845.69, Ending 120,845.69,

Bank Code:

Comment/ Check Payee Name

30,906.10-

1/4/2022 Deposit Deposit 5,000.00 25,906.10-

1/4/2022 Check C & S Construction & Excavating Inc. 3,500.00 29,406.10-

1/5/2022 Deposit Draw on Loan #4820 47,985.67 18,579.57

1/7/2022 Check Microsoft 30.00 18,549.57

1/11/2022 Withdrawal Transfer Project to General 47,985.67 29,436.10-

1/19/2022 Deposit 24,655.89 4,780.21-

1/20/2022 Deposit Transfer Tobacco Grant Funding 62,645.80 57,865.59

1/31/2022 Interest Bank Stmnt 1.56 57,867.15

Ending 57,867.15

72 Deposit VCEDA loan proceeds for Acme

and Russell Place

INTEREST

0000001160 00C&S

W000000103 00MS

Reference

Number

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T - Projects

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types

Document Date Range: Fro

Bank Code: Document! ‘Check

v4i2022 412022 512022 72022 aii2022 aig2022

20/2022 1312022

FBBT - Projects

Document Type

Deposit Check Deposit Check Withdrawal Deposit

Deposit Interest

check Number

0000001 160

‘woo0000103

Reference Number

n o0cas m4 coms: 1

5 INTEREST

Industrial Development Authority of Russell County (IDA)

Comment! Check Payee Name

Microsoft

Transfer Project to General

Deposit VCEDA loan proceeds for Acme and Russell Place

Transfer Tobacco Grant Funding

Bank Stmnt

Document ‘Amount

47,985.67

30.00 47,985.67 24,655.89

62,645.80 1.58

Enc

Bank Balance 30,906.10-

25,906.10- 29,406.10- 18,579.57 18,549.57 29,436.10- 4,780.21-

57,865.59 57,867.15, 57,867.15

Bank Code:

Comment/

Check Payee Name

11,242.01

1/28/2022 Deposit Deposit 180.00 11,422.01

1/31/2022 Interest Bank Stmnt 0.29 11,422.30

Ending 11,422.30

INTEREST

Reference

Number

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T - USDA RLF

Document/

Check

Docume

Type

Check

Number

Bank Recap Report For All Document Types Document Date Range: From: 010122 To: 013122

Bank Code: FB&T-USDARLF Document! Docume Check Reference ‘Check nt Number Number 1128/2022 Deposit 7 1731/2022 Interest, INTEREST

Industrial Development Authority of Russell County (IDA)

Comment! Document Bank Check Payee Name ‘Amount Balance

Beginning 11,242.01

Deposit 180.00 11,422.01

Bank Stmnt 0.29 11,422.30

Ending 11,422.30

Bank Code:

Comment/ Check Payee Name

101,296.16

1/31/2022 Interest Bank Stmnt 17.21 101,313.37

Ending 101,313.37

INTEREST

Reference

Number

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T - Savings

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types Document Date Range: From: 010122 To: 013122

Bank Code: FB&T Savings

Document! Document Check Reference. ‘Check Type Number Number 1131/2022 Interest, INTEREST

Industrial Development Authority of Russell County (IDA)

Comment!

Check Payee Name

Bank Stmant

Document ‘Amount

Beginning

Balance: 17.21 Ending

Bank Balance

101,296.16

101,313.37 101,313.37

Bank Code:

Comment/ Check Payee Name

81,232.37

1/19/2022 Deposit Deposit 35,145.98 116,378.35

1/20/2022 Check Town of Lebanon VA 22,099.16 94,279.19

1/20/2022 Check Virginia Coalfield Economic 12,835.87 81,443.32

1/31/2022 Interest Bank Stmnt 2.31 81,445.63

Ending 81,445.63

0000002790 00TOL

0000002791 00VCEDA

INTEREST

Reference

Number

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T - Steel Fab

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types Document Date Range: From: 010122 To: 013122

Bank Code: Document! ‘Check

snig2022 1720/2022 1120/2022 1731/2022

FB&T- Steel Fab Document Check Type Number

Deposit Check 0000002780 Check 0000002791, Interest

Roference Number

R ooTOL, ‘O0VCEDA INTEREST

Industrial Development Authority of Russell County (IDA)

Comment! Document Bank Check Payee Name ‘Amount Balance Beginning 81,232.37 Balance: Deposit 3514598 116,378.35, Town of Lebanon VA 2099.16 94,279.19 Virginia Coalfield Economic 1283587 81,443.32 Bank Stmant 231 81,445.63, Ending 81,445.63,

Bank Code:

Comment/ Check Payee Name

17,109.26

1/4/2022 Deposit CASH RECEIPT DEPOSIT 8,535.16 25,644.42

1/11/2022 Check Cumberland Plateau 3,247.30 22,397.12

1/11/2022 Check Virginia Small Business 5,287.86 17,109.26

1/28/2022 Withdrawal Transfer Motel to General 17,070.32 38.94

1/28/2022 Check Virginia Small Business 5,287.86 5,248.92-

Ending 5,248.92-

$8500.00 deposit made 2/1

000000262200VSBFA

DEPOSIT

000000262000CPPD

000000262100VSBFA

Reference

Number

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 010122 To: 013122

Industrial Development Authority of Russell County (IDA)

FB&T Motel Account

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types

Document Date Range: From: 010122 To: 013122

Bank Code: FB8T Motel Account Document! Document Check Reference

‘Check Type Number Number 11412022 Deposit DePosiT 1i/2022 Check =» 00000026. 00CPPD. 11112022 Check «00000026. 00VSBFA 1128/2022 Withdrawal 2

1128/2022 Check 00000026. O0VSBFA

Industrial Development Authority of Russell County (IDA)

Comment! Check Payee Name

CASH RECEIPT DEPOSIT Cumberland Plateau Virginia Small Business Transfer Motel to General Virginia Small Business

$8500.00 deposit made 2/1

Document Amount

Beginning

Balance: 8,535.16 3,247.30 5,287.86 17,070.32 5,287.86 Ending

Bank

Balance

17,109.26

25,644.42 22,397.12 47,109.26 38.94 5,248.92 5,248.92

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