Columbus, Georgia

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

March 3, 2005



MEMBERS PRESENT

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

Verdree, Jimmy Yancey



MEMBERS ABSENT





ALSO PRESENT

Richard Bishop, Chuck Ford, Becca Hardin, Isaiah Hugley, Joe Johnson, Lori

McRae, Dayton Preston, Joe Sanders, Ed Sprouse, Robert Teem, 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 March

3, 2005 meeting to order.



MINUTES

Upon motion made by Dick Ellis and seconded by Jimmy Yancey, the Authority

unanimously approved the minutes of the February 3, 2005 meeting hereto

attached as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed the financial information. He also reviewed the

section about unfunded commitments. Upon motion made by Jimmy Yancey and

seconded by Allen Taber, the Authority unanimously approved the February 2005

Financial Report which is attached hereto as Exhibit ?B.



ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin reviewed her report which is

attached as Exhibit ?C?. Four leads were received because of FTZ status which

is a great recruitment tool for us. Seiko Kabumoto is more involved with

international development. This is also increasing marketing plans with trips

to visit Germany in April and possibility Japan in the summer. He is to attend

the SAE Congress in Detroit. Plans are underway for a Developers Day in the

spring. The staff will be meeting with all existing industries with 100 or

more employees. The staff will also do needs assessment in the VPJDA member

areas. Biff Hadden reported that H&K is looking at the MTP spec building and

anticipate would be in building by September if all works out. They would be

looking at a 15-year lease with option to extend and purchase. Becca reported

that the ED team developed very tangible plans for its 2005 emphases.



PROPERTY

Dayton Preston reported the following:

1. There has been a lot of activity since we now have property.

2. The Eastern Connector Phase 1 area is almost completely cleared. Bids for

Osceola Way will be in by March 15th.

3. During the process of relocating the sign for Columbus East Industrial Park,

there will be some landscaping dome to improve the appearance of park.



OLD BUSINESS

none



NEW BUSINESS

Richard Bishop reported that it was asked at the hearing on Super Wal Mart

project if the Authority had any interest in the 5 acres of M-1 land behind the

mill. The Authority has no interest in that parcel of land.



LEGAL ISSUES

1. Upon motion made by Stella Shulman and seconded by Dick Ellis, The Authority

unanimously approved amending the Agreement for Economic Development Services

and reimbursing the Greater Columbus Georgia Chamber of Commerce for expenses

incurred under provision 1.d.vi of the Agreement for Economic Development

Services in an amount up to $75,000 per year for 2005 and 2006.

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

Authority unanimously approved the authorization of an agreement between the

Authority and the Columbus Economic Development Corporation that for projects

where the Authority requests the CEDC to enter into a sublease and the revenues

generated by the sublease are inadequate to cover lease payments and/or

purchase options, then the Authority would pay to the CEDC the amount of any

such shortfall. In such event, the CEDC would be obligated to reimburse the

Authority out of any excess funds from the project.

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

approved the Bond Resolution for Hilton Garden Inn in the amount up to

$10,2000,000 in the form hereto attached as Exhibit D noting that Jimmy Yancey

and Billy Blanchard abstained from voting.

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

Authority approved spending up to $1,700 for an Environmental Phase I on the

KPG property at 4551 Cargo Drive.



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