Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

February 4, 2003



MEMBERS PRESENT

Steve Butler, Dick Ellis, Bob Gilson, Allen Taber, Fernando Verdree



MEMBERS ABSENT

Debbie Lane, Jimmy Yancey



ALSO PRESENT

Billy Blanchard, Carmen Cavezza, Glenn Davis, Chuck Ford, Mike Gaymon, Robbie

Green, Biff Hadden, Becca Hardin, John Mills, Dhan Parekh, Amy Peavey, Dayton

Preston, Robert Watkins, Joe Sanders, Ed Sprouse; Chuck Williams, 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

February 4, 2003 meeting to order.



LEGAL ISSUES

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

Authority unanimously approved the Inducement Resolution in the form attached

hereto as Exhibit ?A? in the amount of $7,000,000 for the Cascade Hospitality

Group, LLLP. Authority member Steve Butler abstained from discussion and

voting due to possible conflict of interest.

2. Brown Trucking Company has signed a contract for purchasing the 32-acre site

in Columbus East Industrial Park with May 10th being the last date for closing.



MINUTES

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

unanimously approved the minutes of the January 8, 15, and 29, 2003 meetings.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for January 2003 which is

attached hereto as Exhibit ?B?. Upon motion made by Allen Taber and seconded

by Steve Butler, the January 2003 financial report was unanimously accepted.

Upon motion made by Dick Ellis and seconded by Steve Butler, the Authority

unanimously approved reimbursing Bob Gilson for the travel expenses incurred on

a prospect visit to Oregon.



ED UPDATE

Becca Hardin reported that there are 28 active projects including 9 new

projects. Six leads have been received to support IT cluster through Greater

Georgia. Two projects have been given on the Columbus Business Development

Center. There are some revisions being considered for the Development

Authority service contract. There are several marketing pieces at the printers

and separate marketing pieces will be prepared for each cluster industry.

Jimmy Blanchard will ?kick off? a networking event with consultants in New York

City. Biff Hadden and Lisa Collins are going to Washington, DC for a meeting

about transportation issues.



PROPERTIES

Dayton reported on the visit to MTP. Plans are to identify each parcel from

the road and to put up signage indicating the size, shape, and number of the

parcel. The cost to gravel the entire road may be too expensive. The property

needs to be secured at the south end with gates and cables. Data about

utilities for the MTP parcels are being gathered. Water and sewer lines are

under construction to Litho-Krome as approved. Bill Bryant is in the process

of a study of available 25-50 acre sites in Columbus and in the region. Dayton

has met with Goody about an easement issue. A report is being prepared on

exactly amount of wetland is in the Fall Line Business Centre.



NEW BUSINESS

None



OTHER ISSUES:

The revised draft of the Contract for Services with the Columbus Chamber has

been sent by Ed Sprouse to each member for review.



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

made by Dick Ellis and seconded by Fernando Verdree and unanimously adopted,

the meeting was adjourned.





By:_____________________________

J. Edward Sprouse, Secretary

Approved by:



____________________________________

Robert M. Gilson, Jr., Chair