Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, June 29, 1995 TAG: 9506290046
SECTION: CURRENT PAGE: NRV-2 EDITION: NEW RIVER VALLEY
SOURCE: NEW RIVER VALLEY BUREAU
DATELINE: PULASKI LENGTH: Medium
"We're still in the selection process on that," Town Manager Tom Combiths told executive committee members on the town's economic development board Wednesday. He said Town Council could make the appointment at its July 18 meeting.
Sybil Atkinson and Wayne Carpenter, chairwoman and vice chairman of the board, will be involved in the selection process, Combiths said.
The next meeting of the full 30-member board is scheduled for July 12.
Combiths told committee members that council has approved its full $186,000 budget which had been proposed for 1995-96, with one change. The estimated $15,000 cost of new entrance signs to the town has been shifted from capital improvements to economic development. That means the board will have to find money for those signs in its budget.
The funding will come largely from interest on the town's Urban Development Action Grant fund, earmarked for economic development. "Of course, that's all subject to loans that might or might not be made during the course of the year," Combiths said.
The town got the UDAG money as a one-time federal grant for an industrial expansion, and was able to keep it when the industry that had borrowed the money repaid it. The fund has been used to make loans to new or expanding businesses and is a resource the town wants to protect, Combiths said.
Renewals on highway billboards and magazine advertising for Pulaski are due in July. The committee decided to renew as many as possible on a short-term basis, until a permanent decision on advertising plans could be made.
by CNB