043-02
BOARD OF SUPERVISORS
RESOLUTION
HP HOOD, INC.
\VHEREAS, HP Hood, Inc, currently operates in frederick Facility and has made known its intcnt
to expand its operations; and
WHEREAS, the company mects the policy guidclines of the Frederick County Economic
Developmcnt Incentives Fund as established by the Winchester-Frederick County Economic Dcvelopmcnt
Commission in 1995;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Supervisors for the County of
Frederick, Virginia does hereby appropriate $200,000 to bc dcsignated to the Frederick County Industrial
Development Authority, Funds will be disbursed to HP Hood, Ine. to implement a building and equipmcnt
expanSlOn,
BE IT FURTHER RESOLVED, that said funds are subject to an executed Memorandum of
Understanding outlining a performance criteria of the county,
BE IT FURTHER RESOLVED, that the Board of Supervisors for the County of Frederick,
Virginia does authorize the county administrator to execute this document on its behalf.
ADOPTED, this 8th day May, 2002,
Upon motion made by Robert M. Sager and seconded by
W. Harrington Smith, Jr. , the above resolution was approved by the following recorded vote:
Richard C. Shickle Aye Robert M, Sager
W. Harrington Smith, Ir, Aye Margaret B. Douglas
Lynda J, Tyler Aye Sidney A, Reyes
Gina A, Forrester Aye
Aye
Aye
Aye
A COPY TESTE:
~~#
J hn R, Riley, L
Clerk, Board of Supervisors
County of Frederick, Virginia
BaS Resolution No,: 043-02
ce: Cheryl B. Shiffler, Finance Director
C William Orndof1~ Jr., Treasurer
C: \T J P\rcso hui oOS'. FY 100 1- 2002\ II PI I oudE ~ pJlIsi DUOS Oil02. wpd
BOARD OF SUPERVISORS
MEMORANDUM OF UNDERSTANDING
THIS MEMORANDUM OF UNDERSTANDING, dated ,2002,
evidences the agreement among FREDERICK COUNTY, VIRGINIA, a political
subdivision of the Commonwealth of Virginia (the "County"), the INDUSTRIAL
DEVELOPMENT AUTHORITY OF THE COUNTY OF FREDERICK, VIRGINIA, a
political subdivision of the Commonwealth of Virginia (the "IDA"), the WINCHESTER -
FREDERICK COUNTY ECONOMIC DEVELOPMENT COMMISSION, a joint
commission of the City of Winchester and Frederick County, Virginia (the
"Commission"), and H. P. Hood, Inc. ("the Company"), regarding a building and an
equipment expansion in their Frederick County facility.
Inducement To Expand: To induce the Company to implement this building and
equipment expansion and, thereby invest $15,000,000.00 in machinery and tools and
$3,500,000.00 in a new building addition in Frederick County, Virginia and create thirty
(30) new jobs by December 31, 2002, (the "Project"), the County agrees to make a
cash grant to the IDA in the amount of Two Hundred Thousand Dollars ($200,000.00)
and the IDA, in turn, shall make a cash grant to the Company in an identical amount for
equipment expansion purposes within its Frederick County, Virginia facility (the
"Facility") as an incentive to implement this expansion in Frederick County. The IDA
hereby agrees to convey such funds to the Company no later than July 1, 2002 or the
date in which the new machine line becomes operational, whichever comes last. This
grant shall be used by the Company for the purpose of payment for or reimbursement
Page 1 of 4
of equipment purchases and related costs.
Conditions. The Company shall diligently pursue such application and procure
such approvals from various commercial lending interests to pursue adequate funds to
equip the Facility with the new equipment. All incentives described herein shall be
provided as and when indicated.
Cooperation. The County and the Commission agree to cooperate with the
Company, its equipment suppliers and its equipment contractor in connection with
helping the Company meet its equipment implementation deadline so that the Facility is
equipped by no later than December 31, 2002. Time is of the essence of this
Agreement. Nothing in this paragraph shall be interpreted to require the County to
issue any permits unless and until all conditions for such permits have been met.
Bindinq. This Memorandum of Understanding shall be binding upon and inure to
the benefit of the parties and their respective successors upon the date of the
acceptance of this Memorandum of Understanding.
Default. In the event the Company fails for any reason to 1) have fully
operational $15,000,000.00 in new machine and tool investments and invest
$3,500,000.00 in a new building addition and existing building modification by
December 31, 2002, 2) create thirty (30) net new jobs associated with this Project by
December 31, 2002, 3) maintain the level of investment and jobs create through the
Project for a period not to exceed two years, 4) remain located in Frederick County for a
full four (4) year period, beginning December 31,2002, and upon written demand of the
IDA, the Company shall refund to the IDA such portions of the $200,000.00 grant from
the County as is proportionate to the Company's shortfall in fulfilling the applicable
Page 2 of 4
requirement.
Notwithstanding the foregoing, if the Company has met 90 percent (90%) of the
investment and employment goals set forth in this agreement by December 31, 2002,
maintained the level of investment and jobs create through the Project for a period not
to exceed two years and remained located in Frederick County for a full four (4) year
period, beginning December 31,2002, then and thereafter, the Company is deemed to
have substantially complied with this Memorandum of Understanding and is no longer
obligated to repay any portion of the grants provided to it hereunder.
Assignment. This Agreement shall not be assigned by any party.
Expiration of Aqreement. If the Company has not executed this Memorandum of
Understanding by July 1, 2002, or has not begun the implementation process for this
project by July 1,2002, this Memorandum of Understanding shall be null and void.
THE COUNTY OF FREDERICK, VIRGINIA
By
This day John R. Riley, Jr., County Administrator of the County of Frederick, appeared
before me, a notary public for the State of Virginia, at large, and did acknowledge his
signature above fixed all in my state aforesaid.
My commission expires eJ lv, \ 0-31- de ():-5
Given under my hand this ~:3\ " day of (\ ,(~.)
,2002.
\ (~-': .
:1 I,. 1"C> \ \ \ 'I' 1 ~ (' I i. C,
( )
NotarYPublic
Page 3 of 4
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF FREDERICK,
VIRGINIA
BY:
1laA1f' ;Jm;e
~
TITLE:
DATE:
/fUM.l Z 5') Zao Z-
FREDERICK COUNTY, VIRGINIA
BY:
f)M<r
County Administrator
TITLE:
DATE: May 13, 2002
WINCHESTER/FREDERICK CO PMENT COMMISSION
BY:
DATE:
&,q/~N:J
J~ 28; 2.002-
TITLE:
H. P. HOOD, INC.
BY /~~
TIT(E~~ THERESA M. BRESTEN
Treasurer
DATE: 7 // /o~
,.
C:\TJP\reSO!UliollS\FY2UOI-2002\fIPl-loodExpansion:'vl0U05080:2.wpd Page 4 of 4
~~
~~ WINCHESTER I FREDERICK COUNTY
~ ~ F{'onomic Development Commission
HP Hood, Inc. Phase II
Expansion Project Summary
April 25, 2001
Proposal: add third bottling line
Acreage: no additional
Building addition: 15,000 sq.ft.
Investment:
Building
Machinery & Tools
Total
$ 3,500,000
$15,000,000
$11,250,000
Net Fiscal Impact (annual):
Year 1
Year 2
Year 3
Year 4
YearS
Total 1-5
$ 201,029
$ 171,029
$ 141,029
$ 111,029
$111,029
$ 735,145
Employment:
30, filler operators, 2-shift
Average wage:
$15.00/hr.
Current commitment to Hood (pre-treatment facility):
$150,000 per year for 2000-2001,2001-2002,2002-2003,2003-2004 and
$100,000 in 2004-2005 based on original tax return of $560,000 per year.
Competition: HP Hood facility in Oneida, NY (which does nol have machinery and lools lax)
Date of operation of Phase II: June, 2002
Decision time: June, 2001 (lead time for equipment delivery)
45 E. Boscawen Street. Winchester, VA 22601
phone: 540-665-0973 . fax 540-722-0604 . e-mail info@wininva.com
web: http://www.wininva.com
E~
NET FISCAL IMPACT
PROPOSAL: HP HOOD EXPANSION - PHASE 1/
1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
NET DIRECT FISCAL IMPACT
Annual Return $204,712 $174,712 $144,712 $114,712 $114,712
Cumulative Return $204,712 $379,424 $524,137 $638,849 $753,561
NET INDIRECT RESIDENTIAL FISCAL IMPACT
Annual Return ($3,683) ($3,683) ($3,683) ($3,683) ($3,683)
Cumulative Return ($3,683) ($7,366) ($11,050) ($14,733) ($18,416)
NET IMPACT
Annual Return $201,029 $171,029 $141,029 $111,029 $111,029
Cumulative Return $201,029 $372,058 $513,087 $624,116 $735,145
$513,087 l
$735,145l
_. IThree (3) Year Return
IFive (5) Year Return
ASSUMPTIONS
Demographics
Persons per Residential Unit
School Children per Residential Unit
2.60
0.70
Investment and Employee Plan
(totals - 5 Year)
Real Estate
Machinery & Tools
Personal Property
Business License
$3,500,000
$15,000.000
$0
$0
Employees
"""erage Houl1y Wage Employee
30
$15.00
Per Capita Fiscal Impact Model for Frederick County, the Joint Planning Team in October 2001
Revised April 2002 - Budqetarv & Allocation Values
=rJlmrl!]l~~r:J
ASSUMPTIONS
PROPOSAL: HP HOOD EXPANSION - PHASE II
"SSUMPTIONS
Item
Persons per Residential Unit
School Children per Residential Unit
School Children per Residential Unit (Elementary)
School Children per Residential Unit (Middle)
School Children per Residential Unit (High School)
Value
2.60
0.70
0.39
014
0.17
Source
us Census 2000
Capital Facilities Impact Model: Frederick County Planning and Development
Capital Facilities Impact Model: Frederick County Planning and Development
Capital Fadl\lie'S Impact Model: FredericK County Planning and Development
Capital Facilities Impact Model: Frederick County Planning and Development
NOTE: ALL VALUES ARE ANNUAL TOTALS
Residential
Per Residential Unit Real Estate Tax Revenue
Per Residential Unit Other General Fund Revenue
Per Residential Unit General Fund Service
$922
$1,724
$3,278
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Per Capita Fiscal Impact Analysis Model. Frederick County 2001
Capital Facilities Cost per Pupil (Elementary)
Capital Facilities Cost per Pupil (Middle)
Capital Facilities Cost per Pupil (High)
Capital Facilities Costs: Fire & Rescue - Per Residential Un
Capital Facilities Costs: Public Safety - Per Residential Unil
Capital Facilities Costs: Parkland - Per Residential Unit
$2,333
$3,837
$4,591
$60
$9
$263
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Per Capita Fiscal Impact Analysis Madel, Frederick County 2001
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Per Capita Fiscai Impact Analysis Model. Frederick County 2001
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
"'on-Residential
'"'Real Estate Tax Return
M&T, BPOL, BE, PP'Tax
Per Employee Other General Fund Revenue
See Investment and Employee Plan Sheet
See Investment and Employee Plan Sheet
$192 Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Per Employee General Fund Service
Capital Facilities Costs: Public Safety - Per Employee
$145
$2
Per Capita Fiscal Impact Analysis Model, Frederick County 2001
Average Hourly Wage Employee
Resldential-Non-Residential Linkage
',"" ".,
$15.00
10%
Virginia Employment Commission, ES-202 Files, 2001
Winchester-Frederick County Economic Development: Survey Research
",,~),
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Taxes
Real Estate
Machinery and Tools
Year 1 (60%)
Year 2 (50%)
Year 3 (40%)
Year 4 (30%)
$0.61
$2.00
$1.20
$1.00
$0.80
$0.60
Weldon Cooper Center, University of Virginia
Weldon Cooper Center, University of Virginia
Weldon Cooper Center, University of Virginia
Waldon Cooper Center, University of Virginia
Weldon Cooper Center, University of Virginia
Weldon Cooper Center, University of Virginia
Personal Property
property taxed at 30% of original value
$4.20
$1.26
Weldon Cooper Center, University of Virginia
Weldon Cooper Center, University of Virginia
1%
54.5%
Weldon Cooper Center, University of Virginia
American Chamber of Commerce and Research Association
other Assumptions
Revenue and Expenditure (Operating & Capital) Levels will remain al1999 - 2000 levels
No changes in any tax rates
No slack capacity in any general fund revenues and operating expenditures
No changes in number of persons per residential unit Of school children per residential unit
'r~.'
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INVESTMENT AND EMPLOYEE PLAN
PROPOSAL: HP HOOD EXPANSION - PHASE II
Projected Plans
1 ST YEAR
2N D YEAR
3RD YEAR
4 TH YEAR
5TH YEAR
Value of New Construction
Phase 1
Phase 2
Phase 3
Phase 4
3,500,000
Annual Value
Cumulative Value
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
Value of Machinery & Tools
Phase 1
Phase 2
Phase 3
Phase 4
15,000,000
Annual Value
Cumulative Value
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
15,000,000
Value of taxable personal property
Phase 1
Phase 2
Phase 3
Phase 4
Business License
Phase 1
Phase 2
Phase 3
Phase 4
Annual Value
Sales Tax Return from Employses
Phase 1 1,992 1,992 1,992 1,992 1,992
Phase 2
Phase 3
Phase 4
Annual Value 1,992 1,992 1,992 1,992 1,992
Cumulative Value . ...1,992 3,985 5,977 7,970 9,962
"''',
Projected Employment 1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Phase 1 30
Phase 2
Phase 3
Phase 4
Annual Value 30
Cumulative Value 30 30 30 30 30
Projected Wages 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Phase 1 936,000
Phase 2
Phase 3
Phase 4
Annual Value 936,000
Cumulative Value 936,000 936,000 936,000 936,000 936,000
f7'''''I'(''i'^''~i$l'j
'....!\l..../t',"i:ij"""\li...~..;.;;;,.,.;l',';~
Annual Revenues
Cumulative Revenues
DIRECT FISCAL IMPACT
PROPOSAL: HP HOOD EXPANSION - PHASE II
1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$21,350 $21,350 $21,350 $21,350 $21,350
$21,350 $42,700 $64,050 $85,400 $106,750
18T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$180,000 $150,000 $120,000 $90,000 $90,000
$180,000 $330,000 $450,000 $540,000 $630,000
18T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
DIRECT REVENUES
Real Estate Tax Return
Annual Revenues
Cumulative Revenues
M&T, BPOL, BE, PP*Tax
Sales Tax
Annual Revenues $1,992 $1,992 $1,992 $1,992 $1,992
Cumulative Revenues $1,992 $3,985 $5,977 $7,970 $9,962
Local sales tax receipts reffect portion of purchases by new workers
(Based on 54.5% of annual payroll spent on taxable purchasas - US Chamber 2000) (New taxable sales based on proportion of total taxable
sales between Winchester and Frederick County for 1999 - Virginia Department of Taxation)
18T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$5,769 $5,769 $5,769 $5,769 $5,769
$5,769 $11,538 $17,307 $23,077 $28,846
1 8T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$209,112 $179,112 $149,112 $119,112 $119,112
$209,112 $388,223 $537,335 $656,446 $775,558
Other General Fund Revenue
Annual Revenues
Cumulative Revenues
DIRECT REVENUES
Annual Revenues
Cumulative Revenues
DIRECT EXPENDITURES
18TYEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$4,340 $4,340 $4,340 $4,340 $4,340
$4,340 $8,679 $13,019 $17,359 $21,699
15T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$60 $60 $60 $60 $60
$60 $119 $179 $239 $298
18T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
$4,399 $4,399 $4,399 $4,399
General Fund: Operating Costs
Annual Costs
Cumulative Costs
Capital Facilities Costs
Annual Costs
Cumulative Costs
DIRECT EXPENDITURES
Annual Costs
Annual Return
Cumulative Return
$204,712
$204,712
$174,712
$379,424
$144,712
$524,137
$114,712
$638,849
$114,712
$753,561
, . __.. _ ~~" '.~-l....l &_~ r-~_ ...l_~;_I_ ,..._..~... I...;.... nl~~~;...... T'.....,...... ;.... "..........h,...,. 'in""
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RESIDENTIAL FISCAL IMPACT
PROPOSAL: HP HOOD EXPANSION - PHASE II
INDIRECT REVENUES
Potential New Residential Units 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Units
Cumulative Units
Real Estate Tax Return 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Revenues $1,063 $1,063 $1,063 $1,063 $1,063
Cumulative Revenues $1,063 $2,127 $3,190 $4,253 $5,317
General Fund Revenue (Other) 1 8T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Revenues $1,990 $1,990 $1,990 $1,990 $1,990
Cumulative Revenues $1,990 $3,979 $5,969 $7,958 $9,948
INDIRECT REVENUES 1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Revenues $3,053 $3,053 $3,053 $3,053 $3,053
Cumulative Revenues $3,053 $6,106 $9,159 $12,212 $15,265
INDIRECT EXPENDITURES
General Fund: Operating Costs 18TYEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Costs $3,782 $3,782 $3,782 $3,782 $3,782
Cumulative Costs $3,782 $7,565 $11,347 $15,130 $18,912
Capital Facilities Costs 1 8T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annuel Costs $2,954 $2,954 $2,954 $2,954 $2,954
Cumulative Costs $2,954 $5,907 $8,861 $11,815 $14,768
INDIRECT EXPENDITURES 1 8T YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Costs $6,736 $6,736 $6,736 $6,736 $6,736
($3,683)
($3,683)
($3,683)
($3,683)
($14,733)
($3,683)
($18,416)
_ _ . _'" ~ . ~ -1_ I c_, r- ~_ ,.J _ _: _L ro _. _ _> 1_; _, .,. __...:_ _ T_ _ -'" :... 1""0...._1.-...... ~ ,...,n('H
~~
INDIRECT RESIDENTIAL CAPITAL FACILITIES COSTS
PROPOSAL: HP HOOD EXPANSION - PHASE II
POTENTIAL NEW STUDENTS
Elementary 1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual New Public School Students 0
Cumulative New Public School Student 0 0 0 0 0
Middle 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual New Public School Students 0
Cumulative New Public School Student 0 0 0 0 0
High 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual New Public School Students 0
Cumulative New Public School Student 0 0 0 0 0
POTENTIAL CAPITAL FACILITIES COSTS
Elementary 1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Capital Facilities Costs 1,050 1,050 1,050 1,050 1,050
Cumulative Capital Facilities Costs 1,050 2,100 3,150 4,200 5,250
Middle 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Capital Facilities Costs 620 620 620 620 620
Cumulative Capital Facilities Costs 620 1,240 1,860 2,479 3,099
High iSTYEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Capital Facilities Costs 901 901 901 901 901
Cumulative Capital Facilities Costs 901 1,801 2,702 3,602 4,503
POTENTIAL OTHER CAPITAL FACILITIES COSTS
1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Capital Facilities Costs 383 383 383 383 383
Cumulative Capital Facilities Costs 383 767 1,150 1,533 1,916
TOTAL RESIDENTIAL CAPITAL FACILITIES COSTS
1 ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR
Annual Capital Facilities Costs 2,954 2,954 2,954 2,954 2,954
Cumulative Capital Facilities Costs 2,954 5,907 8,861 11,815 14,768
Pa.r r,~nit~ J=iq('~llmn~r:t MnriAI for FrAr.lmick Countv Joint Plannina Team in October 2001
DRAFT
RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF
THE COUNTY OF FREDERICK, VIRGINIA
WHEREAS, HP Hood, Inc., has made known its intent to construct a 15,000 sq.ft
expansion to its accompany an additional bottling line and creating 30 new jobs to its
Frederick 11-81 Industrial Park facility; and
WHEREAS, the Frederick County Board of Supervisors has met and certifies that the
Company meets the policy guidelines of the Frederick County Economic Development
Incentives Fund as developed by the Winchester-Frederick County Economic
Development Commission in 1995 and has authorized the payment of $200,000 from
the Fund to the Industrial Development Authority of Frederick County; and
WHEREAS, there has been developed a Memorandum of Understanding (the
Agreement) between the parties which details the levels of investment and employment
by the Company, and an agreement for repayment in the event of non-performance by
the Company; and
WHEREAS, the Directors of the Industrial Development Authority of the County of
Frederick find that the expansion of this Company's operation in the Frederick/l-81
Industrial Park, and in consideration of the above commitments, is appropriate and in
furtherance of the purposes for which the Authority was created, and
WHEREAS, an Agreement was prepared by the County Attorney was presented to the
Directors, by which the Authority agrees to convey to the Company, $200,000 to be
applied to building and equipment costs;
NOW, THEREFORE, BE IT RESOLVED that the Agreement between the Industrial
Development Authority of the County of Frederick, Virginia, and HP Hood, Inc. is
hereby confirmed and that said Agreement be, and it hereby is, approved as to form
and content, and that the Chairman of the Board of the Industrial Development
Authority and the Secretary be, and they hereby are, authorized and empowered to
execute the Agreement on behalf of the Industrial Development Authority of the County
of Frederick, Virginia.
This will certify that this is a true copy of a Resolution adopted by a majority of the
Directors of the Industrial Development Authority of the County of Frederick, Virginia,
onXXXXXXXXXXX
Secretary,
John R Riley, Jr
~~
~~ WINCHESTER IFREDERICK COUNTY
"''' "''' Economic Development (,'ommission
DATE:
April 29,2002
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/.~' RECEIVE!) ::;,
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, APR 2002 ,)
" frederici< CCLlnt'{ .-~'
. , Administrator's Office "
\J~/) . .='
}_~ ~.:r
TO:
John R Riley, Jr.
FROM:
Patrick Barker
RE:
MOU and IDA resolution for HP Hood Expansion
Attached for your review and comments are the revised MOU, IDA and BOS resolutions for
the HP Hood Expansion. As you recall, BaS seemed favorable in closed session to provide
$200,000 to secure the expansion of a third bottling line to HP Hood's Frederick County
location in April 2001.
Thanks for your help. I am available if you have any questions or comments on these
materials or the project.
45 E. Boscawen Street. Winchester, VA 22601
phone: 540-665-0973 . fax 540-722-0604 . e-mail info@wininva.com
web: http://www.wininva.com