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Halifax County IDA okays budget, re-elects officers
SoVaNow.com / July 22, 2013
Directors of the Halifax County Industrial Development Authority gathered Friday at the Clover Power Station for their monthly meeting and, afterwards, a tour of the facility.
As their main item of business, IDA directors approved the annual budget and elected officers to serve for the coming year.
The leadership will remain unchanged as John Cannon was re-elected chairman, Butch Blanks, vice-chairman, and Garland Ricketts, secretary/treasurer.
The budget, described by members as “a work in progress,” calls for spending $2,459,505 over the fiscal year. Revenue comes from payments tied to the ABB expansion ($1,192,320), Riverstone Building One ($451,334) and the Green View/Daystrom property ($141,333). Other rental revenues include $71,913 from Riverstone Building Two, $30,850 from the 58 Industrial Park, $38,400 from FlexTec and $13,370 from the IDA’s Broad Street property.
That, combined with other income of $519,986 — much of that provided by the Halifax County Board of Supervisors — rounds out the revenue side of the budget.
The IDA’s largest expense is payments for the ABB expansion, totaling $1.198,800. Its expenses for Building One are projected to run $571,121, while payroll and fringe benefits will cost $345,678.
IDA directors also approved changes to the Employee Manual, reducing designated holidays from 12 to 8 and eliminating any additional holidays that might be declared by the Governor. Changes also were made to reduce compensable leave from a maximum of 42 days to 30 days, and to reduce accurable leave from 54 days to 30 days and medical leave from an unlimited maximum to 12 days.
Board members (with two absent, Chris Lumsden and Mattie Cowan) approved a $427,500 grant application to the U.S. Community Adjustment and Investment Program, which targets localities that have suffered significant job losses due to NAFTA. Awards will be announced in December of this year with funding made available in January 2014. If received, the money would be used to speed up the rehabilitation of the Green View property.
Cristie Neller, manager of the Clover Power Station, gave a brief overview of the history of the plant, which is co-owned by Dominion Electric and Old Dominion Electric Cooperative. While ODEC built the facility, it is operated by Dominion, supplying electricity to 2.4 million customers. Built in 1994 and 1995, the plant came on-line in 1995-96.
The Clover Power Station employs between 130 and 150 people.
Dominion engineer Jamie Lane, who led a tour for IDA members, explained how power is generated at the coal fired plant, He pointed out that some $3 million was spent to reduce emissions, by including a scrubber and a bag house to remove fly ash, nitrogen oxide, mercury and sulfur dioxide.
Lane said the plant receives 60 rail cars of coal per day and its electrical generation is more efficient than that of a natural gas-fired facility.
IDA member Ted Bennett praised the operation by saying it has been “a true corporate citizen” that has helped Halifax County in many ways. John Cannon presented Neller with a framed resolution of appreciation for the work that is done at the station.
The resolution notes that the Clover Power Station was recognized by its peers as the best power station of its kind in the nation in 2013. It “commends the Clover Power Station, Dominion Power and Old Dominion Electric Cooperative for being vital economic and community partners whose consistent high quality business operations and service to the community help set Halifax County apart from and above others and without whom Halifax County would not be the success it is today in attracting and retaining strong industries and a ready, willing and able skilled workforce.”
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