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Halifax County IDA meets Thursday

The Halifax County Industrial Development Authority (IDA) will hold its January meeting tomorrow at 8 a.m. at Riverstone immediately going into closed session to discuss a prospective business, real estate matters, the award of a public contract and to receive legal advice. After members emerge from executive session, they are expected to discuss old business including updates on the Energy Center/Modeling and Simulation Center, Center for Coatings Application Research and Education (C-CARE) and the ready sites project, all located in the Riverstone Technology Park.

In addition, members are expected to be updated on construction at the NOVI Energy wood-fired power plant to be located off Plywood Road in South Boston.

J. E. Burton Construction Co. has been awarded the contract for Phase I site work and foundation construction at the power plant after the IDA closed on the NOVI property Dec. 19.

NOVI Energy announced plans to spend approximately $150 million to construct the plant that is expected to go on-line in 2013 creating 40 full-time jobs and $700,000 in new taxes annually.

An additional 75 jobs are expected to be created in the agribusiness sector to fill the needs for fueling the power plant, IDA officials said.

IDA members also are slated to receive an update on the Green View Advanced Manufacturing Center (former Daystrom building).

Last week, IDA officials met in a special called meeting to ratify a construction contract awarding the contract for renovations to the building to low bidder J. E. Burton Construction Company.

The contract award for demolition projects totaled $166,541 and did not include roof replacement or installation of a fire suppression and alarm system, according to IDA Development Director Patsy Vaughan.

Those projects are expected to be bid out to subcontractors, she added.

Although Burton was the low bidder, Vaughan explained the contract came in combination with McDannald Construction Company who will be working jointly with Burton Construction Company on the Green View project.

Bids were opened on Dec. 22.

The contract was awarded for lump sums for demolition of areas B and B1 at the manufacturing center and site demolition and contractor fees for six months, all totaling $166,541.

A breakdown of costs includes the following:

Area B and B1 demolition - $34,569

Area B roof demolition - $19,940

Site demolition - $35,722

Contractor fee (six months duration) - $76,310

According to Vaughan, the contractor fee was stipulated for six months at a monthly rate of $12,718.33.

“It is understood the total contract amount will be adjusted by the monthly amount as the contract duration changes from six months, more or less,” she said.

Vaughan said it is anticipated the work to be accomplished within the contract for the Green View Advanced Manufacturing Center will take approximately six months.

The IDA closed on the Sinai property Dec. 28 purchasing the former Daystrom building from Fred D. Godley using $900,000 in tobacco commission funding.

The Daystrom project was awarded a $900,000 tobacco commission grant to purchase the building and a $1.8 million grant to up-fit the building by taking the roof completely off, IDA officials said.

Vaughan said total renovations are expected to cost less than $2 million and will not exceed the money the IDA has been awarded for the project.

At the conclusion of tomorrow morning’s meeting, IDA members will hear the director’s report.