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EDAMinutes2024August1 MINUTES ECONOMIC DEVELOPMENT AUTHORITY | THURSDAY, AUGUST 1, 2024 | A meeting of the Frederick County Economic Development Authority was held on Thursday, August 1, 2024, at 8:00 a.m. in the County Administration Building, First Floor Conference Room, 107 North Kent Street, Winchester, Virginia. PRESENT: Bryan Fairbanks, Judy McCann-Slaughter, Diane Kearns, Stan Crockett, and Gary Lofton. Due to a medical reason, Rick Till participated by phone which was approved by Board members present. STAFF: Patrick Barker, Shayla Rickard, Wendy May, and Donna McIlwee, Frederick County Economic Development Authority; Jay Tibbs, Deputy County Administrator; and Michael Bryan, EDA Attorney. MEETING CALLED TO ORDER: Vice Chairman Crockett called the meeting to order at 8:00 a.m. PARTNER SHOWCASE – ELECTRIC COOPERATIVES Mr. Barker introduced Mr. Lucas Cade, Economic Development Manager, Shenandoah Valley Electric Cooperative, who was present in person, and Ms. Kayla Coleman, Economic Development Specialist, Rappahannock Electric Cooperative, who joined the meeting virtually. Both presented an overview of their entity’s operations and activities and how they interact with the EDA. APPROVAL OF MINUTES The minutes from the May 2, 2024, meeting were presented. On motion duly made by Ms. Kearns and seconded by Mr. Fairbanks, the minutes were approved by the following recorded vote: J. Stanley Crockett Aye Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Aye Karen Swecker Absent Rick Till Aye Page 2 of 3 Frederick County EDA Meeting Minutes | August 1, 2024 TREASURER'S REPORTS Mr. Barker submitted the following reports: Checking Account - Bank of Clarke as of April 30, 2024 - $24,600.72 Intrafi Account – Bank of Clarke as of April 30, 2024 - $2,915,435.21 Checking Account - Bank of Clarke as of May 31, 2024 - $24,600.72 Intrafi Account – Bank of Clarke as of April 30, 2024 - $2,926,175.82 Checking Account - Bank of Clarke as of June 30, 2024 - $28,404.57 Intrafi Account – Bank of Clarke as of June 30, 2024 - $2,936,607.62 On motion of Mr. Fairbanks, seconded by Ms. Kearns, the Treasurer’s Reports were approved collectively by the following recorded vote: J. Stanley Crockett Aye Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Aye Karen Swecker Absent Rick Till Aye INCENTIVE POLICY Mr. Barker stated that, at the May meeting, the EDA Board reviewed and approved the Incentive Policy. Some discussion at that meeting centered around earlier engagement by the EDA Board in the process. Staff suggests the addition of the EDA Chair, or their designee, to the Project Review and Audit Committee. This committee reviews requesting discretionary incentives from Frederick County and determines whether to proceed to an executive session with the Board of Supervisors. He reported that staff is seeking approval of adding this suggestion to the Policy. Given the time since the initial approval of the Policy, his recommendation also included forwarding the approved Policy to the Board of Supervisors for their information. Mr. Lofton again questioned why this responsibility is passed off to a committee instead of the EDA Board assuming that responsibility. Mr. Tibbs stated he felt the BOS established this step as a way to streamline the process. Mr. Crockett stated this will not get resolved by the EDA Board—it will have to come before the Board of Supervisors. Mr. Barker suggested that Mr. Lofton broach the subject wit the Board of Supervisors at our joint meeting. Page 3 of 3 Frederick County EDA Meeting Minutes | August 1, 2024 Ms. McCann-Slaughter made a motion to accept staff’s suggestion as presented. This was seconded by Ms. Kearns and approved by the following recorded vote: J. Stanley Crockett Aye Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Nay Judy McCann-Slaughter Aye Karen Swecker Absent Rick Till Aye JOINT MEETING WITH SUPERVISORS PREPARATION Mr. Barker stated the 2014 MOU between the EDA and Board of Supervisors calls for an annual discussion and review of the Board of Supervisors’ expectation for economic development. The last such meeting was held on July 12, 2023, and he distributed a list of planned activities for the year that were presented and discussed at that time. His recommendation is to structure the agenda like previous joint meetings. An overview of core EDA functions would kick off the discussion with highlights of recent projects. Then, the agenda would move into planned activities from last year. He stated that staff is seeking EDA Board feedback to the agenda and possible planned activities for the next 12 months, as well as any additional suggestions. Ms. Kearns suggested giving current project progress reports. Ms. McCann-Slaughter suggested an update on contacts with grocery stores. Mr. Crockett suggested adding Mr. Lofton’s concern regarding the Incentive Policy. SUCH OTHER BUSINESS AS MAY COME BEFORE THIS AUTHORITY Ms. Rickard, Business Retention Manager, stated there will be a smaller scale Employer Expo at Laurel Ridge Community College on September 12. Employer participation will be limited to 50. The next Board meeting will be held on Thursday, September 5. ADJOURN There being no further business to come before this Authority, the meeting was adjourned at 8:57 a.m. ________________________________ ____________________________ Richard Till Jay Tibbs Chairman Secretary