Economic Development Authority - Finance Committee

AGENDA Economic Development Authority - Finance Committee Meeting 8:00 AM - Tuesday, August 4, 2026 EDA Office (2 N Cameron St., Ste. 100) Page 1. CALL TO ORDER AND DETERMINATION OF QUORUM 2. APPROVAL OF MINUTES 2.1. July 2026 EDA Finance Committee Minutes 2-4 Economic Development Authority - Finance Committee - Jul 07 2026 - Minutes - Pdf 3. PUBLIC COMMENTS 4. NEW BUSINESS 4.1. EIGP - 12-16 S Braddock St - Premier Tops LLC/Sojo Bistro 5 - 31 Presenter: Sam Iden, Economic Analyst 12-16 S Braddock St - Premier Tops LLC-Sojo Bistro - EIGP 4.2. Technology Zone Discussion 32 - 33 Presenter: Sam Iden, Economic Analyst Technology Zone v2 Overview 5. OLD OR OTHER BUSINESS 6. EXECUTIVE SESSION 6.1. Motion to convene into a Closed Session meeting of the Winchester Economic Development Authority to discuss or consider the acquisition of real property for a public purpose, or of the disposition of publicly held real property, where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy, in accordance with Sections 2.2-3711(A)(3) of the Code of Virginia (1950, as amended). The subject matter of the meeting is 3 Battaile Drive. 7. ADJOURNMENT Page 1 of 33 Agenda Item #2.1. City of Winchester Economic Development Authority - Finance Committee Minutes Tuesday, July 7, 2026 The Economic Development Authority - Finance Committee of the City of Winchester was held on Tuesday, July 7, 2026, in the EDA Office (2 N Cameron St., Ste., 100). 1. Call to Order and Determination of Quorum PRESENT: James Imoh Addie Lingle ABSENT: Cary Craig EX OFFICIO: STAFF: Jeff Buettner, Sam Iden, Amanda Greenacre 2. APPROVAL OF MINUTES 2.1 April 2026 Finance Committee Minutes Motion to approve the April 2026 Finance Committee Minutes RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig 3. PUBLIC COMMENTS No members of the public were present to comment. 4. New Business 4.1 Middle Road Park Transfer Discussion In 2025, the EDA purchased 2313, 2325, and 2333 Middle Road for the purpose of establishing a park in the Cedar Valley Neighborhood Design District. The next step on developing the land into parkland is to hand it over to the City of Winchester. Motion to forward the consideration of transferring 2313, 2325, and 2333 Middle Road to the Board for review with a recommendation of approval RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig 4.2 YDC Mold Abatement Quote Discussion The EDA received the former YDC building (3 Battaile Drive) from the City of Winchester in 2026 with the task of selling the property and placing it back on Page 1 of 3 Page 2 of 33 Agenda Item #2.1. the City's tax rolls. The building requires mold remediation prior to sale. Any costs furnished by the EDA to effectuate the sale of the property will be reimbursed from the property sale. EDA staff have requested mold abatement quotes from three providers for the Committee's review. Motion to forward YDC mold abatement discussion to Board with recommendation of approval for Gear Clean's bid RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig 4.3 Winchester Grove PUD Discussion EDA staff anticipate a BDGVP application from the developer of the Winchester Grove project (1955 Valley Ave et al.). Entitlements were not incorporated into the original PUD approval from 2022. EDA staff have requested the developer provide an updated economic analysis report before forwarding any entitlement materials for review by the EDA Board or Winchester City Council. 4.4 EDA Purchase Resolution The attached purchase resolution mirrors the City's current design-build policy for contracted development projects. EDA staff recommend adopting a similar resolution to streamline and reduce inefficiencies in the design-build process for upcoming EDA development projects. Motion to forward the EDA Purchase Resolution to the Board with a recommendation of approval RESULT: Approved MOVER: Imoh SECONDER: ABSENT: Craig 5. Old or other Business 5.1 Laurel Ridge Grant Update In 2025, the EDA partnered with Laurel Ridge to provide grant funding for Winchester-based students seeking professional development certifications. There are funds remaining following the conclusion of the grant period. Laurel Ridge has forwarded a final accounting and thank you notes from students who received grant funding. Motion to forward continuation of the EDA/Laurel Ridge MOU until the expiration of the original support amount of $100,000 to the Board for review with a recommendation of approval RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig Page 2 of 3 Page 3 of 33 Agenda Item #2.1. 6. EXECUTIVE SESSION 6.1 Closed Session Motion to convene into a Closed Session meeting of the Winchester Economic Development Authority to discuss a prospective business or industry where no previous announcement has been made of the business' or industry's interest in locating its facilities in the community, in accordance with Sections 2.2-3711(A)(3) of the Code of Virginia (1950, as amended). The subject matters of the meeting are 3 Battaile Drive, 1850 Apple Blossom Drive, and 2410 Papermill Rd. RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig 6.2 Motion to reconvene Motion to reconvene into open session and to certify that only public business matters lawfully exempted from open meeting requirements of the Virginia Freedom of Information Act were discussed during the closed meeting, and that only those public business matters identified in the motion which convened during the closed meeting were heard, discussed, or considered during the closed meeting. RESULT: Approved MOVER: Imoh SECONDER: Lingle AYES: Imoh and Lingle ABSENT: Craig 7. ADJOURNMENT With no further business before the Commission, the meeting adjourned Motion to adjourn RESULT: Approved MOVER: Imoh SECONDER: Lingle ABSENT: Craig Page 3 of 3 Page 4 of 33 Agenda Item #4.1. Winchester Economic Development Authority 2 N Cameron St., Ste. 100 Winchester, VA 22601 (540) 532-5307 www.developwinchesterva.com Exterior Improvement Grant Program (EIGP) PURPOSE This incentive provides a matching grant to eligible businesses and property owners who complete qualifying exterior improvement projects to their building. The policies and procedures contained within this document set forth the criteria by which the EDA may determine which economic development activities may be supported with funds made available through the EDA’s Exterior Improvement Grant Program (EIGP). TERMS AND CONDITIONS The EIGP offers a matching grant equal to half of the project cost, or a maximum grant amount of $20,000 per project located within the Enterprise Zone (EZ) or $15,000 for non-EZ projects, whichever is less. Grant award amounts are at the discretion of the Economic Development Authority Board. Full grant award amounts are not guaranteed. Grants are possible if the property is being leased or purchased under contract if all parties to the lease or contract agree to the improvements in writing. Applicants shall submit a completed grant application form with invoices, proof of payment for each invoice, and detailed descriptions of the completed work. All work must be performed by a licensed contractor. All completed work must conform to the laws and ordinances of the Commonwealth of Virginia and City of Winchester as applicable to maintain eligibility. Details of the completed project, including specifications of material type and contractors bid, must be enclosed with the application. If an insurance claim is filed for the work requested in this application, supporting documentation including amount awarded is required at the time of the application. APPLICATION PROCESS EIGP rev. 2026 1 Page 5 of 33 Agenda Item #4.1. Applications must be submitted after the work is completed but no later than six (6) months after the completion of all eligible work. Qualifying work performed in the preceding eighteen (18) months from the date of the application is eligible for coverage. Applications with all required materials will be forwarded to the Finance Committee of the Winchester Economic Development Authority for preliminary review prior to a full board vote for approval. Grant approval and award amounts are at the discretion of the Economic Development Authority Board. Full grant amounts are not guaranteed. Any information submitted by the applicant that is intended to remain confidential shall be noted with specificity. The EDA shall determine (with advice from legal counsel if needed) whether any such information qualifies for confidential treatment under applicable Virginia law. Any questions regarding confidential treatment should be discussed with the EDA prior to the submission of any information requested by the applicant to remain confidential. Only one application may be approved per physical address, as determined by tax map ID, within a three-year period. Subsequent applications outside of the three-year interval may be considered if the work performed differs substantially from work previously approved. All plans for properties located within the Primary or Secondary Districts must be approved by the Board of Architectural Review to ensure consistency with the architectural theme. ELIGIBLE AREA The incentive is available citywide; however, priority will be given to businesses located within the EZ. ELIGIBLE APPLICANTS Any business or property owner of a commercial, mixed-use*, and/or industrial property within the City of Winchester is eligible to apply. Only one grant will be awarded per business and/or physical address. In order to receive incentives from the EDA, applicants must be in good standing with or otherwise recognized by the State Corporation Commission as eligible to transact business in Virginia, as well as recognized by the CoR and Treasurer for the City of Winchester as eligible to transact business in the City, in possession of a current business license to operate in the City (as applicable) and not be delinquent in paying any prior taxes. The EDA shall not discriminate on the basis of race, religion, sex, color, age, sexual orientation or national origin in reviewing and approving applications and administering the incentive program. EIGP rev. 2026 2 Page 6 of 33 Agenda Item #4.1. *Mixed-use is a designation for projects where the combined, usable floor space of all buildings included in the project meet either of the following criteria: i) Thirty percent (30%) of the floor space is devoted to commercial, office, or industrial purposes. ii)The development project results in a minimum of fifty-thousand (50,000) square feet of commercial, office, or industrial space. For the administration of this program, Commercial, Office, or Industrial space shall be defined as floor space occupied by for-profit entities that have not been granted a tax- exemption under Federal or State laws. To be eligible for assistance under this program, no more than twenty percent (20%) of the building may be occupied by not-for-profit entities that have been granted a tax- exemption under Federal or State laws. INELIGIBLE APPLICANTS Non-profits organizations, banks, savings and loan associations, non-independently owned gas stations, used car lots, adult entertainment establishments, check cashing outlets, and furniture and appliance rental shops are ineligible for EDA incentives. ELIGIBLE ACTIVITIES Eligible projects include rehabilitation and restoration, as well as painting, awnings, and a portion of business signage for the exterior façade of the building. The exterior façade is defined as the frontage of a building that faces a major roadway. Business signage is defined as a sign which directs attention to a product, service or commercial activity available on the premises. Business signs may be painted, printed, and/or fabricated. For all business signs, only the portion of the sign that includes the business’ name and/or logo will be eligible for reimbursement. Preparation of the façade (priming, base coat, etc.) for business signage is eligible under the program. Murals or exterior artwork outside of eligible business signage, landscaping, interior rehabilitation, purchase of inventory, promotions or business venture expansions does not qualify. EIGP APPLICATION Legal Name of Business: Premier Tops Inc Tax ID#: 54-1990707 Property Address: Telephone #: 12,14 and 16 S Braddock St 540-336-8974 EIGP rev. 2026 3 Page 7 of 33 Agenda Item #4.1. Website: Date Established: 11-1-2005 Applicant: Telephone #: Premier Tops Inc, Tyler Timberlake 540 336-8974 Address: Email: 540 N Braddock St, Winchester VA 22601 tyler@mypcs.biz Co-Applicant: Telephone #: SoJo Bistro, Felix Addison 703-981-7785 Address: Email: 12 South Braddock st, winchester VA 22601 felix@3firesoven.com Property Owner: Telephone #: Premier Tops Inc, Tyler Timberlake 540-336-8974 Property Owner Address: Email: 540 N Braddock St, Winchester VA tyler@mypcs.biz Is this business new or existing? Is this business in the Enterprise Zone (EZ)? New: Yes: Existing: No: Amount Requested: (half of project cost not to exceed $15,000 - $20,000 depending on project location) $11,769.77 PROJECT Describe the overall project that was completed. If more space is needed, please continue on a separate sheet. SEE ATTACHED SOPE OF WORK PROJECT TIMELINE EIGP rev. 2026 4 Page 8 of 33 Agenda Item #4.1. When did the project begin? When was the project completed? If the project was carried out in stages, please list the approximate completion date of each stage. 12 South Braddock st (restaurant) - Started 5/1/2025 - Completed 9/30/2025 14 and 16 S Braddock St - Started 1/25/26 - 7/17/26 FINANCIAL COMMITMENT Please attach detailed invoices relating to the amount of capital investment that you leveraged for the project. CERTIFICATION I certify the above information and statements contained in the attachments are true and accurate as of the stated date(s). These statements are made for the purpose of receiving a grant. I authorize the Economic Development Authority of the City of Winchester to make inquiries as necessary to verify the accuracy of the statements made and to determine grant worthiness. I give my consent for the Commissioner of the Revenue to divulge and the City Manager and his/her designee(s) to receive any and all information pertaining to the assessment, payment and/or collection of taxes paid by the applicant, such information to be used for the sole purpose of administering this incentive. I authorize the EDA to investigate the applicant’s and affiliated companies’ credit and financial records including bank records. As part of the investigation, I authorize the EDA to request and obtain consumer credit reports on the applicant and affiliated companies’ in connection with the opening, monitoring, renewal, and extension of this other grant requests with the EDA. I understand that the EDA may ask for additional information not listed as they deem necessary to complete my application. Funds will not be disbursed if improvements do not comply with the project as approved. Applicant agrees to terms as set forth above and agrees to abide by grant policies. Signed: ________________________ Owner/VP - Premier Tops Inc Title: ________________________ Date: 7/17/2026 ________________ Applications can be submitted in person, by mail, or electronically to the Economic Development Authority located at 2 N Cameron St., Ste. 100, Winchester, VA 22601. EIGP rev. 2026 5 Page 9 of 33 Agenda Item #4.1. Applications may also be emailed to econ.dev@winchesterva.gov. REQUIRED DOCUMENTS Application Checklist Check Off For Office- When Use Only Completed Completed EIGP Application. X Dated invoices and proofs of payment for all work included in the grant request. If the property is under lease, a copy of the lease with that shows permission to perform exterior improvements or a letter from the owner agreeing to the scope of the work performed. Financial Commitment. (A document detailing how much capital investment you will be leveraging personal equity and lending for the project.) Before/After photos of work completed. If applicable, details if you, or your business, is N/A involved in any lawsuits, pending or otherwise. If applicable, details regarding any insurance claims N/A for the work performed. If applicable, letters from all interested parties (if the N/A building is under lease or contract) agreeing to the scope of the work. INTERNAL USE ONLY EIGP rev. 2026 6 Page 10 of 33 Agenda Item #4.1. Amount requested: $11,769.77 Amount suggested after review: $11,784.82 - SAI Approval by EDA (Y/N, amount, date): Check issued (date): Comments: EIGP rev. 2026 7 Page 11 of 33  Agenda Item #4.1. Property address: 12, 14, & 16 S Braddock St Date Completed: July 17, 2026 Item Company Cost Date Awning replacement (12 S Braddock St) EW Armstrong Company Inc $4,272.07 2/3/2025 Supply/Install Custom Door (12 S Braddock St) Premier Contracting Services $2,560.00 5/6/2025 Wall Mounted Menu Box (12 S Braddock St) Etsy - Adroniki $287.92 6/26/2025 Antique Door Handle (12 S Braddock St) Etsy - ABVIN $72.72 5/19/2025 Remove Old Glass and and Install Glass Store Front (12 S Braddock St) Custom Hammer Inc $3,890.10 6/10/2025 Exterior Paint/Install Attached Planters (12 S Braddock St) Mark's Home Improvement $1,230.00 8/6/2025 Casement/Window Installation (14 & 16 S Braddock St) Premier Contracting Services $2,146.82 5/29/2026 Exterior Paint/Touchup (14 & 16 S Braddock St) Premier Contracting Services $2,670.00 7/17/2026 Gutter Installation/Minor Roof Replacement (14 & 16 S Braddock St) Premier Contracting Services $2,590.00 4/20/2026 Materials/Siding/Trim Labor (14 & 16 S Braddock St) Premier Contracting Services $3,850.00 6/29/2026 Gross Total: $23,569.63 Adjusted Total: N/A 50% of Project Cost: $11,784.82 Maximum Eligible (EZ) $11,784.82 Page 12 of 33 Agenda Item #4.1. SCOPE OF WORK 12 South Braddock s - Sojo Bistro ($12,312.71): - Install new awning ($4,272.07) -Install front door and hardware ($2,560+$72.72) - Install new glass store front ($3,890) - Renovate Exterior, prep and paint restaurant store front, hang menu board ($1,230+287.92) Hair Salon and Airbnbs -16 and 14 S braddock st: ($11,226.8) - Repair and rebuild double hung windows and casement windows on 3rd floor ($2,146.82) - Install new gutter and metal roof above Hair Salon ($2,560) - Install lap siding and trim on 3rd floor dormer per BAR ($3,850) - Prep and paint front of building per BAR ($2,670) - Page 13 of 33 AgendaLicensed Item #4.1. in PROPOSAL Virginia 2705014816 West Virginia WV007712 E.W. ARMSTRONG COMPANY, INC. 318 N. Braddock Street ~ Winchester, Virginia 22601 540/667-1525 ~ 540/662-8168 fax ewarmstrong@ewarmstrong.comcastbiz.net www.ewarmstrongco.com BUILDING SPECIALTIES PROPOSAL TO: (OWNER) FROM E.W. ARMSTRONG COMPANY, INC. (CONTRACTOR) NAME: JOB NAME: DATE Kyle Hopkins/ Four Square Architects SOJO Bistro/Addison 2/3/25 STREET: Street 12 S. Braddock Street CITY: Winchester CITY: STATE STATE: ZIP: TO BE INSTALLED: VA 22601 Contractor hereby submits specifications and estimate as follows 1 complete shed roof style awning 27ft 6in wide (new frame and cover) $7,838.53 1 convex awning recover 27ft 6in wide (using existing frame with new cover) $4,272.07 Pattern to be Yellow/white stripe (4inch bar stripe) Furnished and installed If agreeable: sign & return a copy ________________________________________________________________________________________ FOR THE SUM OF: DOLLARS ($) with payment to be made as follows: All materials shall be as specified, and all work shall be performed in a workmanlike manner according to standard practices. Any modifications or additions to this proposal shall not be binding unless in writing signed by both parties. Performance by the Contractor is subject to strikes, acts of God and delays which are beyond Contractor’s control. Owner shall carry hazard insurance on the job premises. Contractor shall carry workers compensation insurance on its employees. Payment of amounts due shall be made by owner within thirty (30) days of the billing date, subject to a service charge of 1-1/2% per month on any balance not so paid. In the event of default in payment of any amount when due, Owner shall pay Contractor’s cost of collection, including attorney’s fees of not less than thirty-three percent (33%) of the proposal amount. E.W. ARMSTRONG COMPANY, INC. BY: James Parrill THIS PROPOSAL SHALL BE WITHDRAWN IF NOT ACCEPTED BY OWNER IN WRITING WITHIN 30 DAYS FROM THE DATE HEREOF. ACCEPTANCE OF PROPOSAL The undersigned, hereby identified as Owner, accepts the above proposal and agrees to all of the conditions therein contained, including the payments as set forth above, authorizing Contractor to do the work as specified. ________________________________________________________ ____________________ ________________________________________________________ DATE Page 14 of 33 AgendaCloth Item #4.1. Awnings Retractable Awnings E. W. ARMSTRONG COMPANY, INC. Vinyl Replacement Windows Aluminum Storm Windows and Doors Building Specialties Custom Screens 535 Fort Collier Road Ste 5 Winchester, VA 22603 Telephone 540-667-1525 Licensed in Virginia – 2705 014816 & West Virginia – WV007712 E-mail – ewarmstrong@ewarmstrong.comcastbiz.net www.ewarmstrongco.com SOLD: Felix Addison/Bistro SoJo 9/26/2026 12 S. Braddock Street Winchester, VA 22601 Terms: balance 1 convex style awning recover Pattern to be yellow/white stripe $4,272 .07 Thank you A 1 1/2% service charge will be made each month on all balances after 30 days. This is equivalent to an annual rate of 18% per annum. E.W. ARMSTRONG CO. Page 15 of 33 Agenda Item #4.1. Premier Tops Inc 540 N Braddock Street Winchester, VA 22601 US +18779287767 tyler@mypcs.biz BILL TO INVOICE 187 Felix Addison Sojo 12 S Braddock DATE 05/06/2025 TERMS Net 30 Winchester, VA 22601 United States DUE DATE 06/10/2025 DATE DESCRIPTION AMOUNT 04/25/2025 Cumberland Valley 2,560.00 Doors: -Supply and install custom front door - Install customer supplied hardware Thank you for your business! We take ACH payment and PAYMENT 2,560.00 checks can be sent to 540N braddock street, winchester VA 22601 TOTAL DUE $0.00 Page 16 of 33 2/16/26, 1:05 PM Order #3727106857 on Jun 26, 2025 Agenda Item #4.1. Order #3727106857 Purchased from Adroniki on Jun 26, 2025 Wall Mounted Menu Box - Restaurant Menu Display Price $273.42 Case - Wall Menu Holder - Magnetic Letters Menu Board - Wall Mounted Price List Color: Gold Personalization: Not requested on this item. Transaction #4631600300 Quantity: 1 No returns or exchanges accepted Payment Method Item Total $273.42 VISA •••• 4663 Shipping $0.00 Paid on Jun 26, 2025 Sales Tax $14.50 Your credit card information was not shared with this shop. Order Total $287.92 * Additional duties and taxes may apply Order Notes Note from Sertan Thank you for your nice order Your note to Sertan You did not add a note Shop policies Shop policiesLast updated on Oct 1, 2020 ShippingSee item details for estimated arrival times. Customs and import taxes Buyers are responsible for any customs and import taxes that may apply. I'm not responsible for delays due to customs. Payment options Secure options Accepts Etsy Gift Cards and Etsy Credits Etsy keeps your payment information secure. Etsy shops never receive your credit card information. Returns & exchanges Contact the seller if you have any problems with your order. CancellationsCancellations: accepted https://www.etsy.com/your/purchases/3727106857?ref=yr_purchases Page 17 of 1/2 33 2/16/26, 1:09 PM Order #3691620741 on May 19, 2025 Agenda Item #4.1. Order #3691620741 Purchased from ABVIN on May 19, 2025 Antique Door Handle, Door Handles for Main Door, Price $98.00 Handle Head Design - 1 Pcs Size: 18 inches Transaction #4586072188 Quantity: 1 Returns accepted within 14 days of delivery Payment Method Item Total $98.00 VISA •••• 4663 Shop Discount -$29.40 Paid on May 19, 2025 Your credit card information was not shared with this shop. Subtotal $68.60 Shipping $0.00 Applied Discounts Sales Tax $4.12 30USALIMITED: 30% off Order Total $72.72 * Additional duties and taxes may apply You chose to round up and donate ($0.28) from your order to the Uplift Fund. See our terms Order Notes Note from Sahil Specialist hardware designed and produced to effortlessly enhance your home. Each product is carefully considered, every collection specifically curated. With a wide variety of selection of color's, finishes and textures, ABVIN can tailor to all interior needs. All Order above 200 USD are sent by fast courier service Your note to Sahil You did not add a note Shop policies Shop policiesLast updated on May 3, 2022 ShippingSee item details for estimated arrival times. Customs and import taxes Buyers are responsible for any customs and import taxes that may apply. I'm not responsible for delays due to customs. Payment options Secure options https://www.etsy.com/your/purchases/3691620741?ref=yr_purchases Page 18 of 1/2 33 Agenda Item #4.1. Page 19 of 33 Agenda Item #4.1. Page 20 of 33 Agenda Item #4.1. Mark’s Home Improvement INVOICE EMAIL: spencemark1163@yahoo.com INVOICE NO: 9963 Winchester, VA 22602 8/6/25 Phone 540-323-6135 INVOICE TO Martha 12 South Braddock Street Winchester Va 22601 Description Amount Outside work front – Installed new mailbox – Painted outside windows twice – Painted upper small roof twice – Installed menu board – Built box at bottom of entry door and painted box – Stained front door - Materials – 437.00 Labor – 793.00 Total Invoice Balance Due - $ 1,230.00 Paid In Full – 8/7/25 CK - 127 Make all checks payable to Mark’s Home Improvement Mailing address: 245 Nestlewood Drive Winchester, VA 22602 Please submit payment within 15 days of receiving invoice. Page 21 of 33 Agenda Item #4.1. Description Amount THANK YOU FOR YOUR BUSINESS Page 2 of 2 Page 22 of 33 Agenda Item #4.1. INVOICE Premier Contracting Services invest@mypcs.biz LLC +1 (877) 928-7767 540 N Braddock St Winchester, VA 226013924 Bill to Ship to Tyler Timberlake Greg McFarland Premier Tops Inc Premier Tops Inc 540 N BRADDOCK ST 540 N BRADDOCK ST WINCHESTER, VA 22601-3924 WINCHESTER, VA 22601-3924 United States United States Invoice details Invoice no.: 1067 Terms: Net 30 Invoice date: 05/29/2026 Due date: 06/28/2026 # Date Product or service Description Qty Rate Amount 1. 03/16/2026 General Residential Service Casement over hair salon: 40 $45.00 $1,800.00 1) Strip old paint from window frames and sashes. 2) Rebuild frames and refit and hang windows to open outward. 3) Install new trim Double Hung Windows: 1) Rebuild frames and repair sills 2) Repair rotten wood on window sashes 3) Install new trim 2. 03/16/2026 Material/Supplies Material/Supplies: 1 $346.82 $346.82 - Bondo/wood stabilizer - Trim and Casing Total $2,146.82 Ways to pay Payment -$2,146.82 Thank you for your business! We take ACH and check payments. Balance due $0.00 Paid in Full Page 23 of 33 Agenda Item #4.1. INVOICE Premier Contracting Services invest@mypcs.biz LLC +1 (877) 928-7767 540 N Braddock St Winchester, VA 226013924 Bill to Ship to Tyler Timberlake Greg McFarland Premier Tops Inc Premier Tops Inc 540 N BRADDOCK ST 540 N BRADDOCK ST 225 Sister Chipmunk Lane WINCHESTER, VA 22601-3924 WINCHESTER, VA 22601-3924 United States United States Invoice details Invoice no.: 1072 Terms: Net 30 Invoice date: 07/17/2026 Due date: 08/16/2026 # Date Product or service Description Qty Rate Amount 1. 03/16/2026 General Residential Service Painting: 28 $75.00 $2,100.00 1) Touch up Paint on 1st and 2nd floor window and doors. 2) Prime and Paint 3rd floor windows and trim 3) Prime and Paint front Dormer 2. 03/16/2026 Material/Supplies Painting Supplies: 1 $570.00 $570.00 1) Paint (2 gallons trim paint, 2 gallons of lap siding paint, 2 gallons primer) 2) Rollers, brushes, liners Total $2,670.00 Ways to pay Payment -$2,670.00 Thank you for your business! We take ACH and check payments. Balance due $0.00 Paid in Full Page 24 of 33 Agenda Item #4.1. INVOICE Premier Contracting Services invest@mypcs.biz LLC +1 (877) 928-7767 540 N Braddock St Winchester, VA 226013924 Bill to Ship to Tyler Timberlake Greg McFarland Premier Tops Inc Premier Tops Inc 540 N BRADDOCK ST 540 N BRADDOCK ST WINCHESTER, VA 22601-3924 WINCHESTER, VA 22601-3924 United States United States Invoice details Invoice no.: 1062 Terms: Net 30 Invoice date: 04/20/2026 Due date: 05/20/2026 # Date Product or service Description Qty Rate Amount 1. 03/30/2026 Estimate 1007: Install metal roof and $2,590.00 gutter above hair salon Total $2,590.00 Ways to pay Payment -$2,590.00 Thank you for your business! We take ACH and check payments. Balance due $0.00 Paid in Full Page 25 of 33 Agenda Item #4.1. INVOICE Premier Contracting Services invest@mypcs.biz LLC +1 (877) 928-7767 540 N Braddock St Winchester, VA 226013924 Bill to Ship to Tyler Timberlake Greg McFarland Premier Tops Inc Premier Tops Inc 540 N BRADDOCK ST 540 N BRADDOCK ST WINCHESTER, VA 22601-3924 WINCHESTER, VA 22601-3924 United States United States Invoice details Invoice no.: 1069 Terms: Due on receipt Invoice date: 06/29/2026 Due date: 06/29/2026 # Date Product or service Description Qty Rate Amount 1. 03/16/2026 General Residential Service Labor: 300 $5.00 $1,500.00 Install Trim and Lap Siding 2. 03/13/2026 Material/Supplies Material/Supplies: 1 $2,350.00 $2,350.00 1) Lap siding and Trim 2) Nails, flashing and caulk Total $3,850.00 Ways to pay Payment -$3,850.00 Thank you for your business! We take ACH and check payments. Balance due $0.00 Paid in Full Page 26 of 33 Agenda Item #4.1. Page 27 of 33 Agenda Item #4.1. Page 28 of 33 Agenda Item #4.1. Page 29 of 33 Agenda Item #4.1. Page 30 of 33 Agenda Item #4.1. Page 31 of 33 Agenda Item #4.2. Economic Development Authority Developwinchesterva.gov (540) 313-3030 Technology Zone v2 Overview • Enabling legislation: o § 58.1-3850. Creation of local technology zones. • What is a Technology Zone? o Similar underlying mechanics to a Tourism Zone, but lacks a centralized State incentive like Tourism Zone/Enterprise Zone. Allows jurisdictions to create tax incentives and regulatory flexibility within a given area for qualifying businesses within a zone for up to ten-years. • Winchester’s Current Technology Zone Ordinance o https://library.municode.com/va/winchester/codes/code_of_ordinances?nodeId=C O_CH8.1TEZO o Offers partial BPOL exemption and/or utility tax rebate for qualifying businesses within the zone over a ten-year period. Each successive year, the percentage value of the exemption and/or utility tax decreases. • Key policy levers o Location of zone(s) ▪ Currently downtown Winchester and Southwest business corridors along Jubal Early Dr and Valley Ave. ▪ Borders can be viewed here. o Nature of incentive ▪ Exemption of tax vs. Rebate of utility ▪ Regulatory flexibility ▪ Definitions of qualification ▪ Length of incentive • Example Localities (not exhaustive) o Arlington County ▪ Limited qualifying areas. Pro-rated BPOL exemption rate determined by number of employees employed by qualifying business. Ten-year incentive. o City of Charlottesville ▪ Citywide qualification. Pro-rated BPOL exemption o City of Fairfax ▪ Citywide qualification. Pro-rated BPOL exemption. Tied to performance agreement. Five-year incentive. o City of Falls Church ▪ Citywide qualification. Pro-rated BPOL exemption. Three-year incentive. o City of Harrisonburg ▪ Limited qualifying areas. Specializes in IT Health and Security companies. Full BPOL exemption. Three-year incentive. o City of Lynchburg ▪ Citywide qualification. Incremental BPOL or Machinery/Tools exemption based on performance metrics. Five-year incentive. “To provide a safe, vibrant, sustainable community while striving to constantly improve the quality of life for our citizens and economic partners.” Page 32 of 33 Agenda Item #4.2. o City of Norfolk ▪ Limited qualifying areas. Pro-rated BPOL exemption. Diverging qualifying definitions. Performance-based five-year value incentive not to exceed ten-year period. o City of Richmond ▪ Citywide qualification. Pro-rated BPOL exemption. Performance-based five-year value incentive not to exceed ten-year period. o Frederick County ▪ Limited qualifying areas. Pro-rated BPOL exemption or utility tax rebate. Five-year incentive. Page 33 of 33