Columbus, Georgia

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

February 3, 2005



MEMBERS PRESENT

Billy Blanchard, Bob Gilson, Stella Shulman, Fernando Verdree



MEMBERS ABSENT

Dick Ellis, Allen Taber, Jimmy Yancey



ALSO PRESENT

Richard Bishop, Lisa Collins, Mike Gaymon, Becca Hardin, Isaiah Hugley, Joe

Johnson, Rita Lusk, Bob Poydasheff, Dayton Preston, Joe Sanders, Ed Sprouse,

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 3, 2005 meeting to order.



MINUTES

Upon motion made by Stella Shulman and seconded by Fernando Verdree, the

Authority unanimously approved the minutes of the January 6, 2005 meeting

hereto attached as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed the financial information and upon motion made by

Stella Shulman and seconded by Billy Blanchard, the Authority unanimously

approved the January 2005 Financial Report which is attached hereto as Exhibit

?B?. He reported that a check for $450,000 was given to Waggoners Project but

some of this probably will be returned for expenses which should be paid by the

company. He reported that the Miller Loan had been renewed. It was suggested

that unfunded commitments should be included in the financial reports.



ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin congratulated Isaiah Hugley upon his

appointment as City Manager. Becca updated the Authority on the status of the

H&K project. Discussion took place. Becca Hardin reviewed her report which is

attached as Exhibit ?C?. There are 16 active projects with 4 of them being

?hot? and 3 of the 4 being international. First Data/Remitco held grand

opening on January 21st. We received some substantial leads from an Austin

consultant. Wayne Waggoner was awarded the OneGeorgia Grant by Governor

Perdue. We have submitted an application to host the GEDA Spring 2006

Conference. Richard Bishop reported on a project on Gateway Blvd which will

require rezoning.



PROPERTY

Dayton Preston reported the following:

1. The MTP Spec Building is progressing well.

2. Ed Sprouse updated the Authority on Cosmyl bankruptcy. Janeen Tucker will

be working with the 41 employees being displaced. The Authority may want to

investigate further the possibilities for the building.



OLD BUSINESS

none



NEW BUSINESS

none



LEGAL ISSUES

1. The Waggoners Trucking - Ed Sprouse reported that the Authority has taken

title to Lummus property and will be leased back to Waggoners Trucking until

bond financing can be obtained. The monthly charge by the Authority to

Waggoners Trucking for the lease has not yet been determined. Waggoners

Trucking has closed on the Mitchell property. The City is going to convey the

property on Blanchard Blvd to the Authority. It was decided that Becca Hardin

and Ed Sprouse will compile a list of the monies spent and what Wayne Waggoner

is expecting from the City. A document of expectations needs to be discussed

with Wayne Waggoner for clarification. It would be ideal to have Tim Filz

present if possible.

2. Project Poly ? The lease between KPG and CEDC is bond financed and the

existing sublease will terminate. The CEDC will acquire the entire project and

lease back in a $2M bond finance and CEDC enters into a 20-year lease with

Project Poly. This would return to the Authority $1.4M. Project Poly has

signed a letter of intent for agreement with CEDC and the Authority. Upon

motion made by Stella Shulman and seconded by Fernando Verdree, the Authority

approved the terms of agreement for Project Poly which includes a commitment of

$25,000 for road improvement. There was a concern about air quality. The

company might need to install a catalytic converter. Richard Bishop reported

that new data might provide a challenge to non-attainment status.



OTHER ISSUES

On behalf of the Authority, Bob Gilson expressed congratulations to Isaiah

Hugley and recognized Richard Bishop as a tremendous asset.



Becca Hardin introduced Rita Lusk who is a new member of the ED team.



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