Summary – EDPC Decision Meeting 20250327
1 Virgin Islands Economic Development Park Corporation Decision Meeting of Thursday, March 27, 2025 Board Report Out During the Virgin Islands Economic Development Park Corporation (“EDPC”) Governing Board Decision Meeting on Thursday, March 27, 2025, the Governing Board heard an update on FEMA repairs to the EDPC facilities from the Director of Physical Plant and the CEO and one rent credit presentation and voted as follows: Regular Session: ➢ Discussion Item: • Update on FEMA Repairs at EDPC Properties The Director, Physical Plant, provided a status update on FEMA repairs to the EDPC facilities – William D. Roebuck Industrial Park (St. Croix), Fleming Building St. Croix Office Building) and Virgin Islands Industrial Park (St. Thomas) to the Governing Board. No Governing Board action was taken. ➢ Action Item: • Leatherback Brewing Company, LLC – Rent Credit Leatherback Brewing Company, LLC (“Leatherback”), a local craft brewery, executed its lease with the Economic Development Parck Corporation (“EDPC”) to rent approximately 20,000 square feet of space at the William D. …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://usvieda.org/wp-content/uploads/2025/04/Summary-EDPC-Decision-Meeting-20250327.pdf
SHA-256 970e9ab5380dd837d5cb86511a74e41989e926bdf21c0367506216696c282c80
Re-using this document
An instrumentality of the Government of the Virgin Islands. No rights are stated anywhere: the document carries no copyright notice and the body publishes no terms of use. 17 U.S.C. § 105 does not reach territorial government, so nothing makes it public domain by operation of federal law — it publishes as a territorial public record, and we say plainly that the position is unstated rather than settled.
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-970e9ab5380d
Document text
1 Virgin Islands Economic Development Park Corporation Decision Meeting of Thursday, March 27, 2025 Board Report Out During the Virgin Islands Economic Development Park Corporation (“EDPC”) Governing Board Decision Meeting on Thursday, March 27, 2025, the Governing Board heard an update on FEMA repairs to the EDPC facilities from the Director of Physical Plant and the CEO and one rent credit presentation and voted as follows: Regular Session: ➢ Discussion Item: • Update on FEMA Repairs at EDPC Properties The Director, Physical Plant, provided a status update on FEMA repairs to the EDPC facilities – William D. Roebuck Industrial Park (St. Croix), Fleming Building St. Croix Office Building) and Virgin Islands Industrial Park (St. Thomas) to the Governing Board. No Governing Board action was taken. ➢ Action Item: • Leatherback Brewing Company, LLC – Rent Credit Leatherback Brewing Company, LLC (“Leatherback”), a local craft brewery, executed its lease with the Economic Development Parck Corporation (“EDPC”) to rent approximately 20,000 square feet of space at the William D. Roebuck Industrial Park (“Park”), Building #2, on February 14, 2017. The original lease was for a period of five (5) years commencing January 1, 2017 and terminating on December 31, 2022. The lease was renewed for a term of 11 years commencing January 1, 2023 and terminating on December 31, 2033. EDPC has been unable to repair the roof at Building #2 since Hurricanes Irma and Maria in September 2027. In October 2020, Leatherback was granted approval by the EDPC Governing Boad to repair the roof and install a solar micro-grid. FEMA did not allow EDPC to authorize Leatherback to complete the roof repairs without jeopardizing the entire FEMA PA Repair Project for the entire William D. Roebuck Industrial Park. Leatherback has incurred losses to its equipment, materials & supplies, tools, and inventory incurred due to the roof and solar project contract failure and has requested a rent credit for their losses since they were not allowed to repair the roof. The Governing Board voted (5 – 0) to: o Approve a credit of $142,850.43 for losses to its equipment, materials & supplies, tools, and inventory incurred due to the roof and solar project contract failure against outstanding rent for Leatherback Brewing Company, LLC.