Baugh Drive warehouse rental lease approved; EDA looks toward a ‘Strategically’ consistent future

The EDA Board of Directors met for their regular monthly board meeting, Friday, October 23. Following a one-and-a-half-hour Closed Meeting the Board approved the following motions:

1. Approved a 3-month lease agreement with Dollar Tree Distribution Inc. for parking lot space at 426 Baugh Dr. at $2,100/month;
2. Approved a $90,000 settlement agreement with the heirs of Daniel McEathron;
3. Approved giving board Secretary Greg Harold authority to review and award a contract for mold remediation of the Avtex Building, as Executive Director Doug Parsons is away on personal leave/vacation.

Two additional actions were bookkeeping items introduced in the report of the Finance Chair Jorie Martin. Both motions were unanimously approved: a/ to eliminate the EDA Rent account at Atlantic Union and transfer all monies to the EDA Cash-Operational account. b/ To recode specific payments made by the Northern Shenandoah Valley Regional Commission as Note Receivable payments, as they were previously recorded and deposited incorrectly to the EDA Rent account at Atlantic Union. These payments will be deposited in the EDA Cash/Operational account.

Jim Wolfe led the EDA Board through a game plan growing out of the recent two-day Strategic Planning session. Royal Examiner Photos by Roger Bianchini

The remaining portion of the meeting was devoted to Director Jim Wolfe and his review of the results of the Strategic Planning conference held October 9-10. He appreciated all of the conversations and involvement by all of the attendees which led to the development of draft goals for the EDA. He reported that he’ll be assigning specific topics for further research to the other Directors with the goal of having a draft Strategic Plan at the next regular board meeting on December 4.

Planning, direction and consistency will be crucial to the EDA’s future as the new board rebounds from past mistakes and financial scandal.