Columbus, Georgia

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

May 6, 2004



MEMBERS PRESENT

Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Fernando Verdree, Jimmy

Yancey



MEMBERS ABSENT

Steve Butler



ALSO PRESENT

Odessa Archibald, Richard Bishop, Becca Hardin, Biff Hadden, Joe Johnson,

Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse, Janeen Tucker,

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 May

6, 2004 meeting to order.



MINUTES

Upon motion made by Jimmy Yancey and seconded by Allen Taber, the Authority

unanimously approved the minutes of the April 1, 2004 meeting hereto attached

as Exhibit ?A?.



FINANCIAL REPORT

1. Fernando Verdree reviewed the financial report for March 2004. Upon motion

made by Allen Taber and seconded by Stella Shulman, the Authority unanimously

approved the April 2004 Financial Report which is attached hereto as Exhibit

?B?.



ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin introduced Brian Sillitto, the new

Project Manager in ED. She also reported that Seiko Kabumoto will assist with

international efforts and that Kathy Steverson has moved back to ED. She

reviewed the status of current projects. Her report is attached as Exhibit

?C?. Since the last meeting, Krispy Kreme has announced construction of a

store ion Veterans Parkway. There are 17 active projects with 5 of them being

?hot?. There has been three prospect visits. The Economic Development

Advisory Board is scheduled to meet on May 26, 2004. Data is being collected

for the FTZ application.





OLD BUSINESS

None



NEW BUSINESS

none



LEGAL ISSUES

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

Authority unanimously approved the Inducement Resolution in the form attached

hereto as Exhibit ?D? for The Waggoners Trucking for $5,000,000 bond issue and

150 jobs. Becca Hardin and Janeen Tucker gave an update on the job fair

process for the project. There will be 2 more recruiting efforts in mid June.

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

Authority unanimously approved to transfer the leasehold interest and the

Quitclaiming any interest that Columbus Park Crossing has in Outparcel 10 of

the project.

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

Authority unanimously approved the Bond Resolution for 1043 Partnership, LLLP

in the amount of up to $3,200,000 in the form attached hereto as Exhibit ?E?

for the acquisition of a condominium unit along with some personal property.

Jimmy Yancey abstained. There will be a special counsel for the Development

Authority since Page, Scrantom, Sprouse, Tucker and Ford are involved with the

1043 Partnership.



PROPERTY

1. Dayton Preston reported that May 7, 2004 is the deadline for receiving bids

for the MTP spec building. It appears that 3 bids will be received. After

reviewing, Sam Andras will give a recommendation to the ED staff next week.

2. The rezoning of FLBC will come before the City Council next Tuesday.

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

unanimously approved the resolution in the form hereto attached as Exhibit ?F?

to repurchase Lot 13B in Corporate Ridge Industrial Park at the price conveyed

to Masterbuilt and to work with the company to acquire property suitable to a

proposed project when appropriate.



OTHER ISSUES

Biff Hadden reported that Dr. Jay Carter is to survey MTP every six months to

prepare a forging habitat analysis. At this time, JJ&G (Atlanta) has not

contracted to have a survey done. Upon motion made by Jimmy Yancey and

seconded by Stella Shulman, the Authority unanimously approved to contract with

Dr. Jay Carter to do a forging habitat analysis on MTP.



Bob Gilson asked Authority members to attend the City Council meeting at 9am on

May 11th when the rezoning of FLBC will be presented.



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





DEVELOPMENT AUTHORITY



AGENDA



May 6, 2004 ? 8:30a.m.

======================================================



ITEM 1: Call to Order Bob Gilson, Chair



ITEM 2: Minutes of April 2004 Meetings (Ex A) Bob Gilson



ITEM 3: Financial Report (Ex B) Fernando Verdree



ITEM 4: Economic Development (Ex C) Becca Hardin





ITEM 5: Old Business Bob Gilson





ITEM 6: New Business Bob Gilson





ITEM 7: Legal Issues Ed Sprouse

Inducement Resolution for The Waggoners Trucking

Transfer Outparcel 10 at Columbus Park Crossing



ITEM 8: Property Dayton Preston

Update MTP Spec Building Bidding

Update on FLBC Zoning ? before City Council 9am May 11th

Masterbuilt



ITEM 9: Other Issues Bob Gilson



ITEM 10: Executive Session (if needed) Bob Gilson



ITEM 11: Meeting Adjourned Bob Gilson