The Franklin News-Post|
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
Wednesday, September 12, 2012
By KEN BRADLEY - Staff Writer
Rocky Mount Town Council voted Monday night to approve an ordinance to create an Economic Development Authority (EDA) as a way to help fund a music venue in the old Lynch Hardware Building.
The vote was 4-2 with council members Bobby Cundiff and Bobby Moyer casting the dissenting votes.
Funding through the setting up of an EDA is estimated to be about $67,000 that would go towards the cost of the music venue, said Town Manager James Ervin. That money would come from selling Historic property tax credits.
The establishment of an EDA is necessary because a municipality cannot directly recoup the tax credits, said Assistant Town Manager Matt Hankins.
An EDA would be a seven-member body, Hankins said. The members of the EDA could not include town council members or town employees, but council's staff could serve the EDA.
Cundiff, who voted against creating an EDA, said earlier he was opposed to the renovation of the old Lynch Hardware Building for a music venue.
"We don't know if the community will support it (music venue)," he said. "I don't think the town should be in the music business."
In other matters, council:
•Approved the writing off of uncollectible utility billing balances totaling $6,550.
•Approved the writing off of uncollectible real estate tax tickets totaling $927.
•Approved the writing off of uncollectible personal property taxes totaling $5,268.
•Approved updates to the zoning and land use ordinance.
•Approved a special use permit to allow Mary Wray to move a sign from one side of her business on Franklin Street to the other side of the building.
•Approved a funding request of $900 to the Franklin County Historical Society to help with the cost of two events -- Ghosts and More and the Moonshine Express.