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July 5, 2001 <br /> <br />Resolution; the motion was duly seconded and carried by the following vote, with all <br /> <br />members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Ferrill, Roop, Teague; Nays <br /> <br />(0) - None: <br /> <br />WHEREAS, Martinsville-Henry County Economic Development <br />Corporation, doing business under the style of Patrick Henry <br />Development Council, is a non-stock corporation formed by the City <br />of Martinsville, Virginia and County of Henry, Virginia to promote <br />economic development in this region; and <br />WHEREAS, in its Charter, the management of said Corporation is <br />vested in its Board of Directors; and <br />WHEREAS, irreconcilable differences have arisen between the City <br />of Martinsville and the County of Henry pertaining to the <br />management of said Corporation leading to the necessity of <br />dissolving said Corporation; and <br />WHEREAS, Section 1 under Article IX of the By-Laws of said <br />Corporation provide that dissolution shall be initiated by concurring <br />Resolutions of both Martinsville City Council and Henry County <br />Board of Supervisors calling for said dissolution; and <br />WHEREAS, the Henry County Board of Supervisors has voted to <br />adopt such a Resolution but has not as yet actually done so; now, <br />therefore. <br />BE IT RESOLVED by the Council of the City of Martinsville, <br />Virginia, in special session held on July 5, 2001, that it is both <br />desirable and necessary that said Corporation be dissolved; and <br />BE IT FURTHER RESOLVED that the Henry County Board of <br />Supervisors be, and they hereby are, requested to concur in the <br />dissolution of the Corporation by the adoption of their own <br />Dissolution Resolution so that the actual dissolution of said <br />Corporation may be commenced and completed within 90 days <br />from the date of the adoption of a Dissolution Resolution by the <br />Henry County Board of Supervisors; and <br />BE IT FURTHER RESOLVED that the Clerk of Council shall <br />forthwith send a certified copy of this Resolution to the Henry <br />County Administrator and to the Executive Director of the Patrick <br />Henry Development Council. <br /> <br />Council considered making two appointments to an Interim Board of Directors for <br /> <br />the Patrick Henry Development Council to work with the four appointees by Henry <br />Count~;' in-~l~e disSo'luti~)n~ o~PHDC's assets and liabilities. COuncil Member Roop <br />moved to appoint Earl B. Reynolds, Jr., City Manager, and Wade Bartlett, Interim <br /> <br /> <br />