Columbus, Georgia

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

November 4, 2004



MEMBERS PRESENT

Billy Blanchard, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Fernando

Verdree



MEMBERS ABSENT

Jimmy Yancey



ALSO PRESENT

Richard Bishop, Carmen Cavezza, Chuck Ford, Mike Gaymon, Biff Hadden, Becca

Hardin, Joe Johnson, Seiko Kabumoto, Lori McRae, Buddy Merrill, Dayton Preston,

Joe Sanders, Brian Sillitto, Ed Sprouse, Janeen Tucker, Katherine Kelly



Bob Gilson, Chairman, noting that a quorum was present and proper notice had

been given in accordance with the requirements of Georgia law, called the

November 4, 2004 meeting to order.



MINUTES

Upon motion made by Stella Shulman and seconded by Dick Ellis, the Authority

unanimously approved the minutes of the October 7, 2004 meeting hereto attached

as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed a few items. This year?s Millage money is being

deposited. Upon motion made by Dick Ellis and seconded by Allen Taber, the

Authority unanimously approved the October 2004 Financial Report which is

attached hereto as Exhibit ?B?. He reported that the subcommittee advises

revisiting the Miller loan again in April. Exhibit C entitled ?Moneys to be

used from Millage Account? is for information to members of moneys which are

allocated but not spent yet. In members? folders is a document entitled

?Management Discussion and Analysis?. New auditing procedures (GASB No. 34)

require that there be a meaningful discussion finances so that Authority

members have an understanding. The Authority also reviewed the draft of

comparative financial statements for 2003 and 2004 from the auditors, Robinson

Grimes. It was noted that several future impact factors are development of MTP

and sale of property, sale of property in FLBC, continuation of Millage money,

possible payments on Miller loan principal. Upon further discussion, it was

decided to accept the document as information to be studied and then discussed

at the next meeting.



ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin reviewed the status of current

projects: 15 active projects of which 3 are ?hot?, an upcoming announcement on

November 18th, Project Stone has been announced, 3 prospect visits, and 8

suspect leads by phone and 7 leads from Southern Auto Corridor. Her report is

attached as Exhibit ?D?. We received a great response from Craig Barrs and his

team when they visited. Economic development approach from Governor Perdue

will be different. Local financial incentives will be important. Brian

Sillitto gave a live demonstration of two websites being used as electronic

marketing tools ? Southern Auto Corridor and Economic Developers Directory.

Seiko Kabumoto commented that Columbus, Georgia is not a known city. He

proposed several ideas of how we can sell Columbus which included face-to-face

visits. Upon motion made by Dick Ellis and seconded by Fernando Verdree, the

Authority approved the expense of $4,800 annual fee from the Millage Account

for marketing through Southern Auto Corridor. Mike Gaymon reported that the ED

staff is developing a short and long term marketing strategies to be presented

to the Authority.



PROPERTY

1. Dayton Preston reported that the footings for the MTP spec building are

being poured and panels have been ordered. Panels should be installed by

December 15th.

2. The road markings for FLBC have been completed. Sam Wellborn needs to be

involved. The wetlands and the road should be approached as one item. Richard

Bishop reported that DOT funding for county projects has decreased from $70M to

$6M per year.



OLD BUSINESS

H&K Project ? The issue of the 3 variances were discussed. (1) Upon motion

made by Stella Shulman and seconded by Dick Ellis, the Authority authorized the

variance to the MTP Covenants for H&K building to use a temporary back wall

construction of metal in anticipation of expansion. (2) Upon motion made by

Dick Ellis and seconded by Fernando Verdree, the Authority authorized the

variance to the MTP Covenants for H&K building of the ammonia shed as presented

with the expectation of the building being redone upon expansion. (3) Upon

motion made by Fernando Verdree and seconded by Allen Taber, the Authority

decided that no variance was needed for the location of the AC as long as it is

not visible from ground level. After discussion, it was decided that a process

for review of architectural drawings for projects will be brought to a future

meeting.



NEW BUSINESS

None



LEGAL ISSUES

1. Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority

authorized the execution of the deed for the temporary construction of a right

of entry to H&K construction site.

2. Upon motion made by Allen Taber and seconded by Stella Shulman, the

Authority approved the Bond Issue in the amount of $12,750,000 in the form

attached hereto as Exhibit ?E? for the Woodmont Properties for Greystone

Apartments Project.

3. Upon motion made by Allen Taber and seconded by Fernando Verdree, the

Authority approved the Inducement Resolution in the amount of $1,400,000 in the

form attached hereto as Exhibit ?F? for McCarley Storage.



OTHER ISSUES





There being no further business to come before the Authority, the meeting was

adjourned by Bob Gilson, the chair.



By:_____________________________

J. Edward Sprouse, Secretary



Approved by:



____________________________________

Robert M. Gilson, Jr., Chair