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Tuesday, August 16, 2011

Economic Development Authority Discusses Banking Issues, Bylaw Changes

The EDA also swore in a new member

Right before the Economic Development Authority (EDA) meeting Monday night,  Manassas Park City Clerk Lana Conner swore in the board's newest member, Mark Schuefler. After a round of applause and congratulations from the other members, the meeting began. The first order of business was to discuss the authority's banking situation. Conner told the authority that as of July 21, its balance was $2,165. With the type of account the board currently has, they are losing $12 to bank fees every month, she said. Manassas Park city attorney Dean Crowhurst suggested that the authority transfer the account to Alliance Bank, the bank that takes care of the city's accounts. He explained to the authority, that while it doesn't qualify to have the same …

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