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EDA/IDA Board Meeting
September 5, 2025
Page 8
Closed Session
At 10:24 a.m., Mr. Skinner moved for the Authority to go into a closed meeting pursuant to
VA Code Section 搂2.2-3711.A: Real Estate (3) and Prospective Business (5) for the
following purposes and subjects: (3) Discussion or consideration of the acquisition of real
property for a public purpose or of the disposition of publicly held real property where
discussion in an open meeting would adversely affect the bargaining position or negotiating
strategy of the public body, the subject of which is a proposed property acquisition in the
Central section of the City, and a proposed property disposition in the northern section of the
City; and (5) Discussion concerning a prospective business or industry or the expansion of
an existing business or industry where no previous announcement has been made of the
business or industry鈥檚 interest in locating or expanding its facilities in the community, the
subject of which is a prospective business considering a location in the northern section of
the City. Ms. Garguilo seconded the motion which passed unanimously on a roll call vote.
At 10:44 a.m., the EDA/IDA Board returned to open session following a certification motion
by Mr. Chenoweth, in accordance with VA Code Section 搂2.2-3712 (D) that to the best of
each member鈥檚 knowledge: (D) (i) only public business matters lawfully exempted from open
meeting requirements under this chapter; and (ii) only such public business matters as were
identified in the motion by which the closed meeting was convened were heard, discussed
or considered in the meeting by the public body. Mr. Skinner seconded the motion which
passed unanimously on a roll call vote.
Action(s) Coming Out of Closed Session
Ms. Williams introduced a Motion to authorize the acquisition of 11822 Canon Boulevard at
an agreed-upon purchase price of $700,000, from James M. Nichols, Jr. and Ginger M.
Nichols, as a strategic acquisition supporting City Center expansion and development,
subject to the review and approval of all documentation by EDA Legal Counsel. Mr.
Skinner so moved, and Ms. Garguilo seconded the motion which passed unanimously on a
roll call vote.
Committee Reports
Ms. Williams called for the Committee Reports. Dr. Guajardo presented the Design Review
Committee report, which passed unanimously on a roll call vote. Mr. Skinner presented the
Executive Committee report which did not require Board ratification. Mr. Miller presented
the Marketing Committee report which did not require Board ratification. Mr. Chenoweth
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