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Saltville IDA approves option to buy 28.18-acre parcel, authorizes Project Q proposal; council moves to transfer town land
Summary
At a Jan. 8, 2025 joint meeting, the Saltville Industrial Development Authority agreed to option a 28.18-acre parcel for $40,000 with $2,500 earnest money and authorized its chairman to sign a revised proposal from the Stump Corporation related to ‘Project Q’; the Town Council also authorized a quitclaim deed to transfer town-owned property to the IDA.
The Saltville Industrial Development Authority voted Jan. 8, 2025 to execute an option to purchase a 28.18-acre parcel owned by Don Robbins (Tax ID: 28A4-A-1B) for $40,000, with $2,500 provided as earnest money. The motion, made by Curtis Crawford and seconded by Jacky Colston, carried 6-0.
The IDA also authorized Chairman Ron Orr to sign a proposal from the Stump Corporation related to “Project Q,” subject to noted revisions discussed in closed session and after review by the IDA attorney. That motion, also moved by Crawford and seconded by Colston, carried 6-0. The council and IDA conducted the related deliberations in closed session under the Virginia Freedom of Information Act exemptions for real property acquisition and prospective business discussions; members later certified in open session that only permitted topics were discussed.
Separately, the Town Council authorized the town attorney to prepare a quitclaim deed conveying town-owned property referenced as Tax Map #28A4-A-1 to the Saltville IDA. The authorization was made on motion of Ryan Comer, seconded by R.B. Henderson, and carried by roll-call vote. The town record notes IDA member David Buchanan left the meeting at 6:15 p.m.
The meeting record does not include the substantive terms of the Stump Corporation proposal or the revisions discussed in closed session. The IDA vote to option the Robbins parcel and the council vote to enable a conveyance to the IDA together move the town closer to transferring and packaging land for economic development, though specific development commitments, funding sources and timelines were not disclosed in the public record.
What happens next: the IDA will proceed with the option and the chairman may execute the Project Q proposal after attorney review; the quitclaim deed will be drafted by the town attorney for a future closing or transfer process.
