Columbus, Georgia

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

August 5, 2004



MEMBERS PRESENT

Billy Blanchard, Bob Gilson, Allen Taber, Fernando Verdree



MEMBERS ABSENT: Dick Ellis, Stella Shulman, Jimmy Yancey



ALSO PRESENT

Richard Bishop, Mike Gaymon, Biff Hadden, Becca Hardin, Joe Johnson, Buddy

Merrill, Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse, Brian Stone,

Robert Teem, 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

August 5, 2004 meeting to order.



MINUTES

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

unanimously approved the minutes of the July 1, 2004 meeting hereto attached as

Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree pointed out that this is the first month in a new fiscal

year. The audit starts today. Upon motion made by Allen Taber and seconded by

Billy Blanchard, the Authority unanimously approved the July 2004 Financial

Report which is attached hereto as Exhibit ?B?.



ECONOMIC DEVELOPMENT UPDATE ?Becca expressed thanks to Richard Bishop for all

his assistance on projects. Richard Bishop reported on a meeting he had with

the Commissioner of DOT, Harold Linnenkohl, Sam Wellborn and Becca relating to

the timing of the construction of the connector road at MTP. DOT will expedite

the environmental process. Katy Allen will do her review after report from

Fish and Wildlife. The public hearing on Talbotton Road construction will be

August 12th from 4-7pm at Hannah Academy. Commissioner Linnenkohl approved a

traffic signal at 25th Street and Victory Drive. Becca reviewed the status of

current projects. Her report is attached as Exhibit ?C?. She reported that

Katherine has taken the GA Tech LOCI course. Buddy Merrill reported that both

Georgia Power and Flint Energies have submitted proposals to H&K.



PROPERTY

Dayton Preston reported that construction on the MTP spec Building will begin

August 15th. All utilities companies met last week to provide updated

information on sites. At present progress is waiting on environment report and

determining right of way.

Joe Johnson reported that the road is being staked and right of way marked. He

also reported on the status of the DOT 10 acres of wetland on US 80. The

Authority will probably have to spend some money for mitigation credits on Fall

Line Business Centre. They will attempt to get a target date for completion of

issues with wetlands. A further update will be presented at the September

meeting with a cost estimate.



OLD BUSINESS

None



NEW BUSINESS

1. The Nominating Committee of Fernando Verdree and Billy Blanchard reported

the nominee for Vice Chair is Dick Ellis. There being no other nominations,

Dick Ellis was elected to be Vice Chair by acclamation.

2. The Fort Benning Futures Partnership is progressing with its study. Biff

reported he had just visited Ft. Carson to look at the housing being converted

into private ownership. He reported that Fort Benning is expecting 5,000 new

soldiers over next 18 months with 3,200 spouses going into workforce. He

distributed a packet of marketing materials for the Fort Benning Futures

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

the Authority approved the request of an additional $25,000 to Fort Benning

Futures Partnership for the 2004-2005 fiscal year as requested in Exhibit D.

3. Dayton reported that liability insurance on all properties of being

re-examined and updated.



LEGAL ISSUES

1. Becca introduced Brian Stone of ATL Industries. Upon motion made by Allen

Taber and seconded by Billy Blanchard, the Authority unanimously approved the

Inducement Resolution in the amount of $5,000,000 for ALT Industries in the

form hereto attached as Exhibit ?E? for acquisition of the Freeman Spec

Building and purchase of equipment and furnishings.

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

Authority unanimously approved the Inducement Resolution in the amount of

$3,500,000 for ECLA Family Properties, LLLP in the form attached hereto as

Exhibit ?F? for the acquisition of and modification of EconoLodge on Victory

Drive.

3. Upon motion made by Fernando Verdree and seconded by Billy Blanchard, the

Authority unanimously approved the QuitClaim Bills of Sale from the Authority

to the WC Bradley Company conveying certain items that were acquired pursuant

to the $20,000,000 1995 Bond Issue and the $ 26,000,000 1997 Bond Issue that

were no longer part of the Projects financed by those bond issues. Upon a

motion made by Billy Blanchard and seconded by Allen Taber, the Authority

unanimously authorized a letter from the Authority to the Board of Tax

Assessors stating that under the lease agreement of the 1995 Bond Issue WC

Bradley Company has the right of assignment to transfer the real estate to

Fifth Generation.

4. Upon motion made by Fernando Verdree and seconded by Billy Blanchard, the

Authority unanimously approved an Amended Bond Resolution for 1043 Partnership

to change the amount to $ 3,250,000.



OTHER ISSUES

A thank you note has been received from Richard Bishop for flowers sent for his

father.







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