County Overseen EDA Takes Care of Business at Last Meeting of 2023

The Front Royal-Warren County Economic Development Authority (FR-WC EDA) held its monthly meeting on Friday, December 8, 2023, at 8 a.m. All seven Board members and legal counsel were present.

The regular meeting began with Committee and Board Reports. Board Vice-Chair J.D. Walter and Treasurer Jim Wolfe announced that the Board will be having a Strategic Planning Meeting on Friday, January 12, 2024. The Asset Committee Chair, Jorie Martin, provided an update on the ongoing maintenance at the 400 Kendrick Lane building. Warren County Director of Economic Development Joe Petty discussed the FY-2025 budget schedule and an overview of the previous Open-Door Business Session in November. The Board then approved online banking access for the Chair, Treasurer, and a designated County staff member.

Maintenance work continues to clear up some facility issues in portions of the former EDA office site in the old Avtex Admin building at 400 Kendrick Lane. Royal Examiner file photo

During the new business portion of the agenda, Equus Capital Partners provided an update on their due diligence as part of a contract to purchase property within Stephens Industrial Park. In addition to typical findings from geotechnical work and preliminary engineering, they are working with the gas company on dedicating a defined width of the gas line easement, which dates back to 1949.

After the Equus presentation, a status update on the TransPortation Opportunity Fund (TPOF) was given. The Board then approved the 2024 Regular Meeting Schedule, the second term option in the current lease agreement with CCAP, and extended the Baldwin Grazing lease an additional year.

The Board concluded the meeting with a closed session to discuss the potential disposition of real property to business prospects and legal consultation on active litigation. Following the closed session, the Board authorized Joe Petty to dispose of two vehicles owned by the EDA; approved extending the contract on Stephens Industrial Park, Parcel 2, until December 31, 2024; and approved a resolution authorizing legal counsel to draft a lease for the Avtex Parking lot.

As noted above, the FR-WC EDA will be having its Strategic Planning meeting on Friday, January 12, 2024 (8 a.m.), and their next regular monthly Board meeting will be held on Friday, January 26, 2024, also at 8 a.m. at the Warren County Government Center.

(From a release by the Warren County-overseen FR-WC EDA)