IDA meets at Southern Virginia Advanced Manufacturing Center

Halifax County Industrial Development Authority board members conduct their regular monthly meeting Friday in the newly renovated Southern Virginia Advanced Manufacturing Center at Greens Folly.

Halifax County Industrial Development Authority Board of Directors on Friday awarded a $101,475 contract for the design, bid and construction associated with the new Center for Coating Application, Research and Education (C-CARE) formulation lab.

During its regular monthly meeting held at the Southern Virginia Advanced Manufacturing Center (former Daystrom building), IDA directors authorized execution of the contract with Dewberry.

The Southside Economic Development Commission arm of the Virginia Tobacco Commission earlier this month gave a thumbs up to a $600,000 grant that will fund half the cost of the new formulation lab.

According to IDA Executive Director Matt Leonard, the full commission is expected to finalize actions on the grant funding at its Tuesday meeting.

The IDA also approved bond refinancing of existing debt and agreed to enter into a bond purchase agreement with Carter Bank and Trust to advance $616,721.94 in additional funds to pay for the C-CARE formulation lab outfits.

In other business Friday morning, IDA directors were updated on procurement of a custodial services contract that Leonard said may be acted on at the June meeting with the contract going into effect in July.

Finance Committee Chairperson Mattie Cowan reported on the IDA’s financials saying, “So far we are in really good shape and should end the year coming in under budget.”

A current draft of the proposed 2017 budget is ready for board review, and directors are expected to approve it at their June 17 meeting.

Leonard told board members he has been in discussions with Acadia Healthcare, Inc., purchaser of the former Carlbrook School property.

Carlbrook was headed for an absolute auction of the 191-acre campus, as well as all of its personal property, with Woltz and Associates hired to conduct the sale of the property. Woltz brokered the transaction of the sale.  

The new owner is New Boston, LLC, a subsidiary of Acadia Healthcare, Inc., Franklin Tennessee.

Leonard said he worked closely with Woltz and Associates of Roanoke, adding, “We appreciate Acadia’s interest in investing in the Carlbrook project, as well as Woltz’s work in connecting them to the Carlbrook property.  We look forward to continuing to develop the project with them to everyone’s benefit.

“We continue to be in discussions with Acadia to help them get the most out of that property,” he added.

In other business Friday morning, the following actions were taken:

w Board Chairman Butch Blanks appointed Operations and Personnel Committee Chairman W. W. “Ted” Bennett, Finance Committee Chairman Mattie Cowan and Properties and Prospects Committee Chairman Chris Lumsden to serve on the nominating committee to select a slate of officers for consideration at the June 17 meeting.

w Blanks also recommended the board conduct a retreat during their June meeting to review and update the IDA’s strategic plan.

Paula I. Bryant is the editor of The Gazette-Virginian. Contact her at pbryant@gazettevirginian.com.