Economic Development Authority

Minutes City of Radford Economic Development Authority Regular Meeting July 19, 2018 Sal’s Restaurant, West Main St. Members Present: Mr. Abram Williams, Mr. Jeff Cumberland, Dr. Flo Graham, Mr. Steve Harvey, Mr. Paul Pallante, Mr. Richie Davis Staff & Visitors: Mr. Basil Edwards, Ms. Blair Hoke Dr. Graham called the meeting to order at 12:04 pm. A quorum was established. 1) Approval of the Minutes of June 21, 2018. i) Motion: Mr. Harvey moved that the EDA approve the Minutes from June 21, 2018. Mr. Williams seconded the motion. ii) Action: The motion carried. 2) Review of April Financials Ms. Hoke presented the June financial data noting a cash balance of $299,209 and land holdings valued at $760,094. 3) Old Business  Review and discussion on appraisal of ~0.4 acres located at corner of West Main Street and Memorial Bridge.  Approval of deed, plat of survey, and update on sale of property to L&M Properties, LLC. Chairman authorized and signed the deed and secretary attested. 4) Other Business  Update on progress from Economic Development Director o Property vacancy update (former CVS space & former VEC building) o Potential fast-food prospect conversation o High Meadows update o Discussion of Economic Development Director’s appointments to boards/commissions Meeting Adjourn Being no further business the meeting was adjourned at 1:15pm. Blair Hoke Director, Economic Development