Columbus, Georgia

DEVELOPMENT AUTHORITY



AGENDA



March 6, 2002 ? 9:00a.m.



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ITEM 1: Call to Order Jim Buntin



ITEM 2: Minutes of FebruaryMeeting Jim Buntin



ITEM 3: Financial Report Fernando Verdree



ITEM 4: Economic Development Update Mike Gaymon



ITEM 5: Properties Dayton Preston

qMTP Update Jeff Mills

qPresentation on Properties Dayton

Preston

qCRIP19-acre site Becca Hardin

q M-1 Rezoning of Fall Line Business Centre? Jim Buntin

q Enterprise Zone Site

q Transfer of MTP Tract 1 to Development Authority Biff

Hadden



ITEM 6: Legal Issues Ed Sprouse

q

q

q



ITEM 7: Other Issues

q Any Other Matters



ITEM 8: Executive Session as Needed Jim Buntin



ITEM 9: Meeting Adjourned Jim Buntin















MINUTES OF THE MEETING

OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

March 6, 2002



MEMBERS PRESENT

Jim Buntin, Stephen Butler, Bob Gilson, Frank Etheridge, Fernando Verdree,

Jimmy Yancey



MEMBERS ABSENT

Deborah Lane



ALSO PRESENT

Billy Blanchard, Carmen Cavezza, Dick Ellis, Biff Hadden, Becca Hardin, Buddy

Merrill, Jeff Mills, Dayton Preston, Randy Rivinus, Jodi Saunders, Ed Sprouse;

Robert Teem, Chuck Williams, Katherine Kelly, Mike Gaymon



Jim Buntin, Chairman, noting that a quorum was present and proper notice had

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

6, 2002 meeting to order.



MINUTES

The minutes of the February 6, 2002 meeting of the Authority were presented.

Upon motion made by Bob Gilson and seconded by Jimmy Yancey, the Minutes of the

February 6, 2002 Authority meeting were unanimously approved.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for February 2002 attached

hereto as Exhibit ?A?. Upon motion made by Bob Gilson and seconded by Jimmy

Yancey, the Authority unanimously approved the February 2002 Financial Report.



ECONOMIC DEVELOPMENT UPDATE

Biff Hadden reported that he is working on several active projects and has meet

with Pillowtex. Becca Hardin is going to Chicago with people from GA DIT&T,

Macon, Savannah, and August to consult with Fantus group and others to get on

radar screen for prospects. There is a new multi-million dollar prospect,

which has been sent an information package. There are several existing

companies considering expansion. Two projects are considering MTP Tract 1.

Skip Teaster has resigned to become President and CEO of Paulding County

Chamber of Commerce. Bob Gilson is chairing the search committee for Sr. Vice

President of Economic Development. There will be a follow-up meeting for the

CHIP teams to close loose ends and get ready for next big project.



PROPERTIES

1. Jeff Mills of Jordan, Jones and Goulding presented an update on the

progress being made with Muscogee Technology Park (MTP). The initial phase is

to get some land ready as soon as possible for development. About 130-200

acres are available with water and sewer. Probably would be best to spend

money on developing a two-lane road as need land for projects. He explained

the planned process of developing the land.

2. CRIP 19-acre Site - The prospect considering this site has postponed

making a decision for at least 4 months; therefore, project has been placed on

hold.

3. M-1 Rezoning of Fall Line Business Centre' ? Jim Buntin reported

that the request to rezone the remaining acres of the Fall Line Business

Centre? to M-1 has generated calls from various groups. The Development

Authority will consult with the City as to when to proceed with request.

4. Transfer of MTP Tract 1 to Development Authority - Biff Hadden

reported the need to begin process to transfer MTP Tract 1 to the Authority for

development.

5. Enterprise Zone - The project that was going to build in the

Enterprise Zone has encountered some environmental problems. The company is

interested in the 32-acre in CEIP. More information will be available after

further discussions with the company.

6. In response to a question on what needs to be done to convey parcels

of MTP to the Authority, Ed Sprouse discussed the Intergovernmental Agreement

with the City. The conveyance of land can be done at any time very rapidly as

needed. Upon motion made by Jimmy Yancey and seconded by Frank Etheridge, the

Authority passed a resolution in the form attached hereto as Exhibit "B" to

request the transfer of MTP Tract 1 from the City to the Development Authority

subject to verification that such action would not interfere with any SPLOST

money being used on the MTP.



LEGAL ISSUES

Upon motion made by Steve Butler and seconded by Bob Gilson, the Authority

unanimously authorized the Bond Resolution in the form attached hereto as

Exhibit ?C? for up to $16.5M to finance a portion of the Johnston Mill Lofts

project. Upon motion made by Frank Etheridge and seconded by Bob Gilson, the

Authority unanimously adopted the resolution in the form attached hereto as

Exhibit "D" authorizing the execution of tax certification based upon

information from the developers and the Department of Community Affairs.



OTHER ISSUES

Biff Hadden reported that concerns about some issues in the tree ordinance have

been acknowledged.



Upon motion made by Frank Etheridge and seconded by Fernando Verdree, the

Authority authorized Jim Buntin to send a letter to Skip Teaster thanking him

for his service and to present him with a gift from the Authority.



Dayton Preston gave a powerpoint presentation on properties and how they are

being marketed.



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

made by Fernando Verdree and seconded by Jimmy Yancey, the meeting was

adjourned.





By:_____________________________

J. Edward Sprouse, Secretary

Approved by:



____________________________________

James E. Buntin, Chairman