2023-04-12 IDA Agenda Packet

2023-04-12 IDA Agenda Packet

Document Date: April 12, 2023 Document: 2023-04-12_IDA_Agenda_Packet.pdf

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Agenda Packet

Wednesday April 12, 2023 Russell County BOS Overflow Room

5:30 P.M.

1 IDA Russell County, VA

Agenda Packet Wednesday April 12, 2023 Russell County BOS Overflow Room 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

April 12, 2023

AGENDA The Industrial Development Authority of Russell County Virginia will hold the

regular monthly meeting on Wednesday, April 12, 2023 at 5:30 PM at the Russell County

BOS Overflow Room.

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
Motions from Closed Session
Adjourn Meeting

Attachments:

Minutes Page 1 - 4

Financials Page 5 - 9

Invoices Page 10 - 15

IDA Russell County, VA

Industrial Development Authority of Russell County, Virginia

April 12, 2023

AGENDA

The Industrial Development Authority of Russell County Virginia will hold the regular monthly meeting on Wednesday, April 12, 2023 at 5:30 PM at the Russell County BOS Overflow Room

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
Motions from Closed Session
Adjourn Meeting

Attachments: Minutes Page 1-4 Financials Page 5-9 Invoices Page 10-15

March 9, 2023

The Regular monthly meeting of the Industrial Development Authority of

Russell County, Virginia was held on March 9, 2023 at 5:30 P.M. at the Russell

County Board of Supervisors overflow room.

MEMBERS

PRESENT: Richard Lockridge, Chairman

Tony Dodi, Vice Chairman

Carlton Elliott, Secretary

Harry Ferguson, Member

John Stamper, Member

Donnie Christian, Member

Jarred Glass, Member

DeAnna Jackson, Member

ABSENT: None

STAFF: Ernie McFaddin, Executive Director

Katie Patton, Attorney

The Chairman called the meeting to order at 5:30 P.M.

The secretary called the roll and recorded the roll call.

APPROVAL OF MINUTES

Upon motion made by DeAnna Jackson, second by Donnie Christian and

duly approved by the Industrial Development Authority of Russell County,

Virginia approving the minutes of the February 16, 2023 and the March 2, 2023

meetings.

The Vote was:

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

Stamper

Nay: None

Absent: None

FINANCIAL REPORT

Upon motion made by Tony Dodi, second by Harry Ferguson and duly

approved by the Industrial Development Authority of Russell County, Virginia

approving the February 2023 financial reports and approve paying invoices

presented with the following additions.

March 9, 2023 The Regular monthly meeting of the Industrial Development Authority of Russell County, Virginia was held on March 9, 2023 at 5:30 P.M. at the Russell County Board of Supervisors overflow room.

MEMBERS

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

ABSENT: None

STAFF: Erie McFaddin, Executive Director Katie Patton, Attorney

The Chairman called the meeting to order at 5:30 P.M. The secretary called the roll and recorded the roll call.

APPROVAL OF MINUTES Upon motion made by DeAnna Jackson, second by Donnie Christian and duly approved by the Industrial Development Authority of Russell County, Virginia approving the minutes of the February 16, 2023 and the March 2, 2023 meetings.

The Vote was:

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

Nay: None

Absent: None

FINANCIAL REPORT Upon motion made by Tony Dodi, second by Harry Ferguson and duly approved by the Industrial Development Authority of Russell County, Virginia approving the February 2023 financial reports and approve paying invoices presented with the following additions.

Hungate Business Services $11.62

Hungate Business Services $169.20

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

Stamper

Nay: None

Absent: None

ATTORNEY’S REPORT

No Report

EXECUTIVE DIRECTOR’S REPORT

AEP has asked for a letter of support to acquire funding through DOE.

Upon motion made by Donnie Christian, second by DeAnna Jackson and

duly approved by the Industrial Development Authority of Russell County,

Virginia authorizing the Executive Director to issue a letter of support for AEP’s

grant application to DOE. The Executive Director is authorized to sign all

documents relating to this motion.

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

Stamper

Nay: None

Absent: None

The Executive Director informed the IDA a term sheet has been received

from FB&T for the consolidation of loans of $6.255 million to a tax-exempt bond

issue.

Upon motion made by Tony Dodi, second by Jarred Glass and duly

approved by the Industrial Development Authority of Russell County, Virginia

authorizing the Executive Director to accept the proposed terms from First Bank &

Trust Company for the bond issue to consolidate existing debt.

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

Stamper

Nay: None

Absent: None

Hungate Business Services $11.62 Hungate Business Services $169.20

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

Nay: None

‘Absent: None

ATTORNEY’S REPORT No Report

EXECUTIVE DIRECTOR’S REPORT AEP has asked for a letter of support to acquire funding through DOE.

Upon motion made by Donnie Christian, second by DeAnna Jackson and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to issue a letter of support for AEP’s grant application to DOE. The Executive Director is authorized to sign all documents relating to this motion.

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

Nay: None

Absent: None

The Executive Director informed the IDA a term sheet has been received from FB&T for the consolidation of loans of $6.255 million to a tax-exempt bond issue.

Upon motion made by Tony Dodi, second by Jarred Glass and duly approved by the Industrial Development Authority of Russell County, Virginia authorizing the Executive Director to accept the proposed terms from First Bank & Trust Company for the bond issue to consolidate existing debt.

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

Nay: None

Absent: None

The IDA also needs to adopt a resolution to issue a tax-exempt bond.

Upon motion made by Donnie Christian, second by Jarred Glass and duly

approved by the Industrial Development Authority of Russell County, Virginia

adopting a resolution to issue a tax-exempt bond for the purpose of consolidating

existing debt. The Executive Director, Chairman, and Secretary are authorized to

sign all documents relating to this motion.

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

Stamper

Nay: None

Absent: None

Leonard Companies has been sent a letter requesting further information

regarding the water line repair at the Acme property. The IDA has received no

response.

Honaker Wholesale has been given final notice of their delinquency on the

USDA loan. The notice requires the loan to be paid in full.

Project “Whale” is moving forward, and some engineering is being

completed on the project.

The Bush building project is waiting on the buyers to provide tax returns to

the bank.

The Hotel is showing improvement, with a profit for the last fiscal year.

JM Conveyors is now up to 46 employees, with the possibility of new

projects in the future.

CLOSED SESSION

Upon motion made by John Stamper, second by Donnie Christian 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 for the

purpose of the Bush Building (5) Prospective Business for the purpose of Project

“Goat” (7) & (8) Legal.

The Vote was:

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

Stamper

The IDA also needs to adopt a resolution to issue a tax-exempt bond.

Upon motion made by Donnie Christian, second by Jarred Glass and duly approved by the Industrial Development Authority of Russell County, Virginia adopting a resolution to issue a tax-exempt bond for the purpose of consolidating existing debt. The Executive Director, Chairman, and Secretary are authorized to sign all documents relating to this motion.

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

Nay: None

Absent: None

Leonard Companies has been sent a letter requesting further information regarding the water line repair at the Acme property. The IDA has received no

response.

Honaker Wholesale has been given final notice of their delinquency on the USDA loan. The notice requires the loan to be paid in full.

Project “Whale” is moving forward, and some engineering is being completed on the project.

The Bush building project is waiting on the buyers to provide tax returns to the bank.

The Hotel is showing improvement, with a profit for the last fiscal year.

JM Conveyors is now up to 46 employees, with the possi projects in the future.

lity of new

CLOSED SESSION

Upon motion made by John Stamper, second by Donnie Christian 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 for the purpose of the Bush Building (5) Prospective Business for the purpose of Project “Goat” (7) & (8) Legal.

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

Nay: None

RECONVENE TO PUBLIC SESSION

Upon motion made by DeAnna Jackson, second by Donnie Christian, 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: C. Elliott, T. Dodi, H. Ferguson, J. Glass, D. Jackson, D. Christian, J.

Stamper

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

DeAnna Jackson Yes Donnie Christian Yes

Jarred Glass Yes John Stamper Yes

ADJOURNMENT

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

approved by the Industrial Development Authority of Russell County, Virginia

adjourning this meeting at 7:20 PM.

The Vote was:

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

Stamper

Nay: None

RECONVENE TO PUBLIC SESSION Upon motion made by DeAnna Jackson, second by Donnie Christian, 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: C. Elliott, T. Dodi, H. Ferguson, J. Glass, D. Jackson, D. Christian, J. Stamper

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 DeAnna Jackson Yes Donnie Christian Yes Jarred Glass Yes John Stamper Yes ADJOURNMENT

Upon motion made by Tony Dodi, second by John Stamper, and duly approved by the Industrial Development Authority of Russell County, Virginia adjourning this meeting at 7:20 PM.

The Vote was:

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

Nay: None

f HEALTH Deer.

s[RAReey aOas- Cleaning _ ; . ee — . Nate . ’ we , | To po cs ‘ _ ee F tuo.

Turner Cleaning Service LLC Invoice March 2023 120 David Martin LN Dante, VA 24237

Cleaning at: Lebanon Probation Cleaning days: 9 $75 per cleaning Total Due: $675.00

Turner Cleaning Service LLC Invoice March 2023 120 David Martin LN Dante, VA 24237

Cleaning at: Lebanon Probation Cleaning days: 9

$75 per cleaning

Total Due: $675.00

From: Mark Mitchell [email protected] Date: 4/5/2023, 11:10 AM To: Carlton Ellio� [email protected]

Mowed Russell Place 3/15 and 3/29 $350.00

Thunderbird

1 of 1 4/5/2023, 4:52 PM 7

Thunderbird

From: Mark Mitchell [email protected] Date: 4/5/2023, 11:10 AM To: Carlton Elliott [email protected]

Mowed Russell Place

3/15 and 3/29 $350.00

Lofl 4/5/2023, 4:52 PM

Russell County IDA

P.O. Box 2378

Lebanon, VA 24266

219481

4/4/2023

CONTRACT INVOICE

Invoice Number:

Invoice Date:

Customer: Russell County IDA

135 Highland Dr.

Lebanon, VA 24266

Bill To:

Account Number:

Balance Due:

RC07

$45.73

Due DatePayment TermsAccount No Invoice Total Balance Due

RC07 30 Days from invoice 5/4/2023 $45.73 $45.73

Invoice Remarks

Contract Number Contact P.O. Number

2704-01 10/4/2022

Start Date Exp. DateContract Amount

$45.73 Treasurer (276) 971-0690 10/3/2023

Contract Remarks

Summary:

$0.00 Contract base rate charge for this billing period

Contract overage charge for the 3/4/2023 to 4/3/2023 overage period $42.73 **

Freight/Fuel/Materials Surcharge $3.00

Detail:

Equipment included under this contract

Xerox/C8045

Number LocationSerial Number Base Adj.

H3940 8TB549065 $0.00 Russell County IDA 135 Highland Dr.

Lebanon, VA 24266

Meter Type Begin Meter End Meter Total Billable RateMeter Group Covered Overage

B\W 84,265 84,569 304 B/W 0.013900 $4.23 0 304

Color 5,267 5,707 440 Color 0.087500 $38.50 0 440

$42.73

Invoice Subtotal: $45.73

Exempt $0.00

Total Tax:

Invoice Total: $45.73

$0.00

Effective June 1, 2012 a 1.5% finance charge per month will accrue after 30 days.

209 N. Chestnut St. Marion, VA 24354 276-783-5442

GST: 54-1375633 Page 1 of 1

HUNGATE BUSINESS SERVICES

imagine. improve. innovate

CONTRACT INVOICE

Invoice Number: 219481 Invoice Date: 4/4/2023 ‘Account Number: ROO? Balance Due: $45.73 Russell County IDA Customer: Russell County IDA P.O. Box 2378 135 Highland Dr. Lebanon, VA 24266 Lebanon, VA 24266 ‘Recount No Payment Terms Due Date Invoice Total Balance Due co? 30 Days fom invoice 5/2073 $65.73 $45.73 Tavoice Remarks Contract Number Contact Contract Amount P.O, Number Start Date Exp. Date 2704-01 “Treasurer (276) 971-0600 573 10/4/2022 10/3/2003 ‘Contract Remarks ‘Summary: Contract base rate charge fortis bing period 0.00 contract overage charge forthe 3/4/2023 to 4/3/2023 overage period wo" FreightFuelMaterials Surcharge $3.00 Detail: Equipment included under this contract Xerox/C8045 Number Serial Number Base Adj. Location 18890 ‘58599065 "90.00 Russel County TDA 135 Highland Dr. Lebanon, VA 24266 Meter Type Meter Group Begin Meter Ed Meter Total Covered ible ate overage Bw Bw 84,265, 84,569, 308 ° 30 0.013800 $423 Color Color 5207 5707 40 ° 440 0.087500 $38.50, $2.73 fective June 1, 2012 21.58% nance charge per month wil accrue ater 30 days, owe Suto wen Exempt $0.00 Total Tax $0.00 Invoice Total: $45.73 209 N. Chestnut St. Marion, VA 24354 276-783-5442 GST: $4-1375633 Page tof

Russell County IDA

P.O. Box 2378

Lebanon, VA 24266

219663

4/5/2023

CONTRACT INVOICE

Invoice Number:

Invoice Date:

Customer: Russell County IDA

135 Highland Dr.

Lebanon, VA 24266

Bill To:

Account Number:

Balance Due:

RC07

$174.32

Due DatePayment TermsAccount No Invoice Total Balance Due

RC07 30 Days from invoice 5/5/2023 $174.32 $174.32

Invoice Remarks

Contract Number Contact P.O. Number

1939-06 3/9/2023

Start Date Exp. DateContract Amount

$174.32 Treasurer (276) 971-0690 3/8/2024

Contract Remarks

Summary:

$0.00 Contract base rate charge for this billing period

Contract overage charge for the 3/9/2023 to 4/8/2023 overage period $171.32 **

Freight/Fuel/Materials Surcharge $3.00

Detail:

Equipment included under this contract

Xerox/7835

Number LocationSerial Number Base Adj.

H3100 MX1193363 $0.00 Russell County IDA 135 Highland Dr.

Lebanon, VA 24266

Meter Type Begin Meter End Meter Total Billable RateMeter Group Covered Overage

B\W 164,522 166,029 1,507 B/W 0.019000 $28.63 0 1,507

Color 46,133 47,261 1,128 Color 0.126500 $142.69 0 1,128

$171.32

Invoice Subtotal: $174.32

Exempt $0.00

Total Tax:

Invoice Total: $174.32

$0.00

Effective June 1, 2012 a 1.5% finance charge per month will accrue after 30 days.

209 N. Chestnut St. Marion, VA 24354 276-783-5442

GST: 54-1375633 Page 1 of 1

HUNGATE BUSINESS SERVICES

imagine. improve. innovate

CONTRACT INVOICE

Invoice Number: 219663 Invoice Date: 4/5/2023 ‘Account Number: ROO? Balance Due: $174.32 Russell County IDA Customer: Russell County IDA P.O. Box 2378 135 Highland Dr. Lebanon, VA 24266 Lebanon, VA 24266 ‘Recount No Payment Terms Due Date Invoice Total Balance Due co? 30 Days fom invoice 5/5/2023, siz $174.32 Tavoice Remarks Contract Number Contact Contract Amount P.O, Number Start Date Exp. Date 1939-06, “Treasurer (276) 971-0600 317432 3972003 75/2024 ‘Contract Remarks ‘Summary: Contract base rate charge fortis bing period 0.00 contract overage charge forte 3/9/2023 to 4/8/2023 overage period sumia2" FreightFuelMaterials Surcharge $3.00 Detail: Equipment included under this contract Xerox/7835 Number Serial Number Base Adj. Location 8100 ‘MXL195363 "90.00 Russel County TDA 135 Highland Dr. Lebanon, VA 24266 Meter Type Meter Group Begin Meter Ed Meter Total Covered ible ate overage Bw Bw 164522 166,028 1,507 ° 1507 0.018000 5238 Color Color 46.38 7268 1228 ° 428 0.126500 s1269 sim fective June 1, 2012 21.58% nance charge per month wil accrue ater 30 days, owe Suto jana Exempt $0.00 Total Tax $0.00 Invoice Total: 17432 209 N. Chestnut St. Marion, VA 24354 276-783-5442 GST: $4-1375633 Page tof

Bank Code:

Comment/ Check Payee Name

76,195.91

3/1/2023 Deposit CASH RECEIPT DEPOSIT 1,705.00 77,900.91

3/1/2023 Check First Bank & Trust Company Note DSS 5,764.59 72,136.32

3/1/2023 Check VCC Bank Polycap 34,608.21 37,528.11

3/3/2023 Deposit CASH RECEIPT DEPOSIT 4,683.33 42,211.44

3/3/2023 Deposit Deposit - VCEDA Marketing 700.00 42,911.44

3/7/2023 Deposit CASH RECEIPT DEPOSIT 13,732.00 56,643.44

3/7/2023 Check Appalachian Power Company Russell Place 1,197.57 55,445.87

3/7/2023 Check Appalachian Power Company Probation 1,544.97 53,900.90

3/7/2023 Check Appalachian Power Company Acme 2,455.30 51,445.60

3/7/2023 Check Appalachian Power Company VDH 2,905.28 48,540.32

3/9/2023 Deposit Deposit - Tobacco I-Go 122,457.32 170,997.64

3/9/2023 Check Campbell Chafin, PC Legal 926.00 170,071.64

3/9/2023 Check Dominion Office Products Office Supplies 187.64 169,884.00

3/9/2023 Check Gilbert Property 1,455.00 168,429.00

3/9/2023 Check Hungate Business Services Copier 180.82 168,248.18

3/9/2023 Check Lindsay Kilgore Photography Marketing 700.00 167,548.18

3/9/2023 Check Sure Drain DSS 454.60 167,093.58

3/9/2023 Check Susan’s Cleaning Service Inc VDH 1,600.00 165,493.58

3/9/2023 Check Old Dominion Power Bush Building 603.70 164,889.88

3/14/2023 Check Turner Cleaning Service LLC Probation 600.00 164,289.88

3/14/2023 Check First Bank & Trust Company Roof 6,943.62 157,346.26

3/15/2023 Check Fresh Start Mowing and Bush Building 152.54 157,193.72

3/15/2023 Check I-Go Technology Grant 122,457.32 34,736.40

3/15/2023 Check Internal Revenue Service P/R Tax 3,044.23 31,692.17

3/15/2023 Check Internal Revenue Service P/R Tax 3,044.23 28,647.94

3/16/2023 Check William C. Elliott 696.13 27,951.81

3/16/2023 Check Richard Lockridge 184.70 27,767.11

3/16/2023 Check Jarred Glass 184.70 27,582.41

3/16/2023 Check Donnie Christian 184.70 27,397.71

3/16/2023 Check John M. Stamper 184.70 27,213.01

3/16/2023 Check DeAnna C. Jackson 184.70 27,028.31

3/16/2023 Check Harry Ferguson 184.70 26,843.61

3/20/2023 Deposit CASH RECEIPT DEPOSIT 14,233.00 41,076.61

3/20/2023 Check Virginia Coalfield Economic JM Conveyor 14,233.00 26,843.61

3/21/2023 Deposit CASH RECEIPT DEPOSIT 325.00 27,168.61

3/21/2023 Check First Bank & Trust Company Probation 7,378.66 19,789.95

3/21/2023 Check First Bank & Trust Company VDH 10,553.57 9,236.38

3/23/2023 Check Town of Lebanon VA Water Probation 39.00 9,197.38

3/24/2023 Deposit CASH RECEIPT DEPOSIT 17,668.34 26,865.72

3/24/2023 Deposit CASH RECEIPT DEPOSIT 8,808.33 35,674.05

3/31/2023 Adjustment Posting Error 0.05- 35,674.10

3/31/2023 Interest Bank Stmnt 11.48 35,685.58

3/31/2023 Check Ernest McFaddin 4,584.58 31,101.00

3/31/2023 Check Heather W. Musick 2,070.18 29,030.82

Ending 29,030.82

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

Industrial Development Authority of Russell County (IDA)

FB&T Operating Account

Document/

Check

Document

Type

Check

Number

Document

Amount

Bank

Balance

Beginning

Balance:

W000000301

W000000325

W000000302

W000000303

W000000304

W000000305

0000006444

0000006445

0000006446 DR Price Engineering & Land

Surveying, Inc PC

0000006447

0000006448

0000006449

0000006450

W000000306

0000006451

W000000307

0000006452

0000006453

W000000308

W000000309

0000000210

0000000211

0000000212

0000000213

0000000214

0000000215

0000000216

0000006454

W000000315

W000000316

W000000317

0000000218

0000000217

Bank Recap Report For All Document Types Document Date Range: Fro

130123 T

Industrial Development Authority of Russell County (IDA)

Bank Code: FB&T Operating Account

Document! Document Check ‘Comment Document Bank Check Type Number ‘Check Payee Name ‘Amount Balance Beginning 76,195.91 3/1/2023 Deposit ‘CASH RECEIPT DEPOSIT 1,705.00 77,900.91 3/1/2023 Check \wo000000301 First Bank & Trust Company Note DSS 576459 72,136.32 3/1/2023 Check wo00000325 VCC Bank Polycap 34,608.21 37/528.11 31312023 Deposit ‘CASH RECEIPT DEPOSIT 468333 42,211.44 3/3/2023 Deposit Deposit - VCEDA Marketing 70000 42,911.44 31712023 Deposit ‘CASH RECEIPT DEPOSIT 1373200 56,643.44 3/7/2023 Check \w000000302 Appalachian Power Company Russell Place 119757 55,445.87 37712023 Check \w000000303 Appalachian Power Company Probation 1154497 53,900.90, 3/7/2023 Check \w000000304 Appalachian Power Company Acme 2.45530 51,445.60 37712023 Check \w000000305 Appalachian Power Company _VDH 2905.28 48,540.32 31912023 Deposit Deposit - Tobacco I-Go 122,457.32 170,997.64 31912023 Check (0000006444 Campbell Chafin, PC Legal 92600 170,071.64 31912023 Check (0000006445 Dominion Office Products Office Supplies, 187.64 169,884.00 31912023 Check (0000006446 DR Price Engineering & Land Gilbert Property 1,455.00 168,429.00, Surveying, inc PC ‘3/9/2023 Check (0000006447 Hungate Business Services Copier 190.82 168,248.18 ‘3/9/2023 Check (0000006448 Lindsay Kilgore Photography Marketing 700.00 167,548.18 ‘3/9/2023 Check ‘0000006449 Sure Drain Dss 454.60 167,093.58 ‘3/9/2023 Check (0000006450 Susan’s Cleaning Service Inc VDH 1,800.00 165,493.58 ‘3/9/2023 Check \w000000306 Old Dominion Power Bush Building 603.70 164,889.88 ‘3/14/2023 Check (0000006451 — Tumer Cleaning Service LLC Probation 600.00 164,289.88 ‘3/14/2023 Check \w000000307 First Bank & Trust Company Roof 6943.62 187,346.26 311512023 Check (0000006452 Fresh Start Mowing and Bush Building 18254 187,193.72 311512023 Check (0000006453 _|-Go Technology Grant 12245732 34,736.40 311512023 Check \w000000308 Internal Revenue Service PIR Tax 3,044.23 31,692.17 311512023 Check \w000000308 Internal Revenue Service PIR Tax 304423 28,647.94 ‘371612023 Check (0000000210 Willa C. Eliott 696.13 27,951.81 371612023 Check (0000000211 Richard Lockridge 18470 27,767.11 ‘311612023 Check (0000000212 Jarred Glass 184702758241 ‘371612023 Check (0000000213 Donnie Christian 18470 27397.71 371612023 Check (0000000214 John M. Stamper 18470 © 27,21301 371612023 Check (0000000215 DeAnna. Jackson 18470 27,028.31 '3/1612023 Check (0000000216 Harry Ferguson 18470 26,843.61 13/20/2023 Deposit ‘CASH RECEIPT DEPOSIT 1423300 41,076.61 372012023 Check (0000006454 Virginia Coalfield Economic JM Conveyor 1423300 (26,843.61 1312112023 Deposit ‘CASH RECEIPT DEPOSIT 32500 27,168.61 312112023 Check wo00000315 First Bank & Trust Company Probation 7,378.66 19,789.95, 312112023 Check wo000000316 First Bank & Trust Company VDH 10,553.57 9,236.38 312312023 Check w000000317 Town of Lebanon VA, Water Probation 39.00 9,197.38 ‘3/24/2023 Deposit ‘CASH RECEIPT DEPOSIT 17,668:34 26,865.72 ‘3/24/2023 Deposit CASH RECEIPT DEPOSIT 8808.33 35,674.05 1/31/2023 Adjustment Posting Error 0.05- 35,674.10, 3/31/2023 Interest Bank Stmnt 1148 35,685.58 ‘3/31/2023 Check (0000000217 Emest McFaddin 4.58458 31,101.00 ‘3/31/2023 Check (0000000218 Heather W. Musick 2070.18 28,030.82 Ending 29,030.82

Bank Code:

Comment/ Check Payee Name

5,326.80

3/3/2023 Check Virginia Small Business 5,287.86 38.94

Ending 38.94

0000002658

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

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: 030123 To: 033123

Industrial Development Authority of Russell County (IDA)

Bank Code: FB&T Motel Account

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

Beginning 5,326.80

31372023 Check —-0000002658—_Virginia Small Business 5,287.86 38.94

Ending 38.94

Bank Code:

Comment/ Check Payee Name

140,679.72

3/3/2023 Check Town of Lebanon VA 44,198.32 96,481.40

3/3/2023 Check Virginia Coalfield Economic 25,909.09 70,572.31

3/31/2023 Interest Bank Stmnt 7.75 70,580.06

Ending 70,580.06

0000002815

0000002816

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

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: 030123 To: 033123

Industrial Development Authority of Russell County (IDA)

Bank Code: FB&T- Stee! Fab

Document! Document Check Comment! Document Bank

Check Type. Number Check Payee Name ‘Amount Balance Beginning 140,679.72 Balance:

3/9/2023 Check 0000002815 ‘Town of Lebanon VA, 44,198.32 96,481.40

3732023 Check 0000002816 Virginia Coatfield Economic 25,909.09 7057231

3731/2023 Interest Bank Strant 778 70,580.08, Ending 70,580.05,

Bank Code:

Comment/ Check Payee Name

11,494.56

3/6/2023 Deposit Deposit Old Mill 404.98 11,899.54

3/27/2023 Deposit Deposit - J&J Trash 175.28 12,074.82

3/31/2023 Interest Bank Stmnt 1.07 12,075.89

Ending 12,075.89

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

Industrial Development Authority of Russell County (IDA)

FB&T - USDA RLF

Document/

Check

Document

Type

Check

Number

Bank Recap Report For All Document Types Document Date Range: From: 030123 To: 033123

Bank Code:

Document! ‘Check

31612023 3727/2023 3731/2023,

FB&T- USDA RLF

Document Type

Deposit Deposit Interest

‘Check Number

Industrial Development Authority of Russell County (IDA)

Comment! Document Bank Check Payee Name ‘Amount Balance

Beginning 11,494.56

Deposit Ord Mil 40498 11,899.54

Deposit - J&J Trash 17528 12,074.82

Bank Strant 1.07 12,075.89

Ending 12,075.89,

Bank Code:

Comment/ Check Payee Name

26,046.31

3/1/2023 Check Debit Card Purchase Meeting 4.99 26,041.32

3/6/2023 Check Food City Meeting 33.78 26,007.54

3/7/2023 Check Chad Newberry Construction Acme 4,353.83 21,653.71

3/10/2023 Check Walmart Office 17.97 21,635.74

3/10/2023 Check Curklins of Lebanon Meeting 198.50 21,437.24

3/13/2023 Check Food City Meeting 34.90 21,402.34

3/20/2023 Deposit Deposit VCEDA Loans Acme Acme 36,595.66 57,998.00

3/20/2023 Check Chad Newberry Construction Acme 36,595.66 21,402.34

3/20/2023 Check Chad Newberry Construction VDH 6,000.00 15,402.34 3/21/2023 Check Walmart Office 22.22 15,380.12

3/21/2023 Check Debit Card Purchase Meeting 85.98 15,294.14

3/28/2023 Check United States Postal Service Postage 6.09 15,288.05

3/31/2023 Interest Bank Stmnt 1.95 15,290.00

Ending 15,290.00

W000000323

W000000324

0000001177

0000001178 W000000322

W000000312

W000000313

W000000314

W000000310

W000000311

0000001176

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

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

Industrial Development Authority of Russell County (IDA) Bank Code: FB&T Projects

Document) Document Check ‘Comment Document Bank ‘Check Type Number ‘Check Payee Name Amount Balance Beginning 26,046.31 37172023 Check W000000310 Debit Card Purchase Meeting 499° 26,081.32 31612023 Check» WO00000311 Food City Meeting 3378 © 26,007.54 3772023 Check «0000001178 Chad Newberry Construction Acme 435383 21,653.71 3710/2023 Check W000000312 Walmart Office 1797 21,638.74 3710/2023 Check W000000313 Curklins of Lebanon Meeting 19850 21,437.24 3/13/2023 Check» W000000314 Food City Meeting 3490 21,402.34 3/20/2023 Deposit Deposit VCEDA Loans Acme Acme 36,595.66 57,998.00 3/20/2023 Check (0000001177. Chad Newberry Construction Acme 36,595.66 21,402.34 3/20/2023 Check «0000001178 Chad Newberry Construction VDH 6,000.00, 15,402.34 3/21/2023 Check © W000000322- Walmart Office 22.22 45,380.12 3721/2023 Check W000000323_—Debit Card Purchase Meeting 85.98 15,204.14 3/28/2023 Check W000000324 United States Postal Service Postage 6.09 15,288.05, 3/31/2023 Interest Bank Simnt 1.95 15,290.00 Ending 15,290.00,

Bank Code: K

Comment/ Check Payee Name

103,287.48

3/6/2023 GLDeposit Deposit - Option Payment 35,000.00 138,287.48

3/31/2023 BRInterest Bank Stmnt 502.61 138,790.09

Ending 138,790.09

Document

Amount

Bank

Balance

Beginning

Balance:

Bank Recap Report

For All Document Types

Document Date Range: From: 030123 To: 033123

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: 030123 To: 033123 Industrial Development Authority of Russell County (IDA) Bank Code: FBT - Savings

Document! Document Check Comment Document Bank ‘Check Type Number Check Payee Name ‘Amount Balance Boginning 103,287.48 31612023 Deposit Deposit - Option Payment 35,000.00 138,287.48, 3731/2023 Interest Bank Stmnt 502.61 138,790.09 Ending 138,790.09,

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