Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

November 22, 2002



MEMBERS PRESENT

Steve Butler, Dick Ellis, Allen Taber, Fernando Verdree, Jimmy Yancey



MEMBERS ABSENT

Bob Gilson, Debbie Lane



ALSO PRESENT

Mike Gaymon, Becca Hardin, Bob Poydasheff, Dayton Preston, Jodi Saunders, Ed

Sprouse



Steve Butler, Vice Chairman, noting that a quorum was present and proper notice

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

November 22 2002 meeting to order.



MINUTES

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

unanimously approved the minutes of the November 6, 2002 meeting.



LEGAL ISSUES

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

unanimously approved the Bond Resolution in the form attached hereto as Exhibit

?A? in the amount of $7,500,000 for New Northgate Village Project.

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

unanimously approved the Tax Certification Resolution in the form attached as

Exhibit ?B? for the New Northgate Village Project.

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

unanimously approved the amendment to the Inducement Resolution in the form

attached hereto as Exhibit ?C? for the Ironwood Development Project indicating

project is in Enterprise Zone. A TEFRA Hearing will be held on Monday,

December 2, 2002 at 9:00am at the Columbus Chamber.

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

unanimously approved the Inducement Resolution in the form attached as Exhibit

?D? in the amount of $7,500,000 for the Weyerhaeuser Project.



PROPERTY ISSUES

1. In response to a request from Kysor/Warren, the Authority unanimously

authorized Dayton Preston to negotiate a selling price with Kysor/Warren for

the 8.9 acres in Columbus East Industrial Park. It was decided that an

appraisal was not needed.

2. Bids for waterline for Litho-Krome will be received from two companies.

3. Bob Gilson and Ed Sprouse met with the homeowners in Midland concerning the

Miller Property. The homeowners are requesting the 32 acres in the north

portion be considered greenspace. This matter will be on the agenda for the

December meeting with recommendations.



OTHER ISSUES:

1. The Cessna Bond Issue closed on November 21, 2002.

2. Development Authority Board Member Training will be offered at Columbus

State University on January 21?22, 2003. The Authority will cover cost of fee

for members who need to attend. Registration needs to be done early December.

3. Congratulations were extended to Becca Hardin on her selection as Executive

Vice President for Economic Development. Mike Gaymon made comments.



There being no further business to come before the Authority and upon motion

made by Fernando Verdree and seconded by Allen Taber and unanimously adopted,

the meeting was adjourned.





By:_____________________________

J. Edward Sprouse, Secretary

Approved by:



____________________________________

Robert M. Gilson, Jr., Chair