Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, November 4, 1995 TAG: 9511060028
SECTION: CURRENT PAGE: NRV-9 EDITION: NEW RIVER VALLEY
SOURCE: PAUL DELLINGER STAFF WRITER
DATELINE: DUBLIN LENGTH: Medium
At a special called meeting Thursday night at New River Community College the supervisors accepted County Administrator Joe Morgan's recommendation to offer two options for the expansion.
One involved donating a site in the industrial park with the company paying for utilities.
Water and sewer would be available by extending a 10-inch water line and eight-inch sewer line to the building site, with costs ranging from $80,000 to $180,000 depending on which available site the industry selects. The extension could be included in the company's construction contract or the company could be billed for the county's cost.
The other option would involve crediting the company for the cost of the lot at $2,000 per job for up to 50 new jobs over the next three years, with any balance after that being transferred to a 10-year note at 7 percent interest. Water and sewer would be made available at no cost to the company.
The special meeting was called after Motion Control Systems President William M. Harris notified the supervisors that his company wanted to expand but could not do so without the necessary utilities. The high-technology manufacturing company was able to hire 20 new employees by better utilization of the 8,300 square feet in its existing facility. The company now employs 45 people.
"We have not only exceeded our original projections for sales growth beyond the March 31, 1996, plan," Harris wrote, "we will actually achieve double our original projections by 1996."
by CNB