Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

January 8, 2003



MEMBERS PRESENT

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



MEMBERS ABSENT

Debbie Lane, Jimmy Yancey



ALSO PRESENT

Billy Blanchard, Mike Gaymon, Biff Hadden, Becca Hardin, Marvin Harvey, Buddy

Merrill, John Mills, Bob Poydasheff, Dayton Preston, Joe Sanders, Jodi

Saunders, 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

January 8, 2003 meeting to order.



MINUTES

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

unanimously approved the minutes of the December 4 and 13, 2002 meetings.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for December 2002 which is

attached hereto as Exhibit ?A?. Only the Valley Partnership dues have been

transferred from the Millage Account. Upon motion made by Steve Butler and

seconded by Allen Taber, the December financial report was unanimously accepted.



ED UPDATE

Becca Hardin reported that there are 22 active projects which include both new

and expansions. A marketing proposal should be ready for the January 15 work

session. Bill Bryant was down and toured the Valley Partnership region for

available land. He will be making a report later. The Economic Department is

being re-designed. The Valley Partnership JDA was awarded a OneGeorgia Grant

of about $500,000 towards the incubator.



PROPERTIES

1. Dayton reported on the bids received on the Litho-Krome water line.

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

unanimously approved the bid of $28,186 from Gordy Construction for the 10?

water line for the Litho-Krome project.



LEGAL ISSUES

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

Authority unanimously approved the resolution in the form attached hereto as

Exhibit ?B? accepting request from Masterbuilt to set date and time for closing

on the purchase of 19.4-acre site in Corporate Ridge Industrial Park as

notification to exercise their option.





NEW BUSINESS

None



OTHER ISSUES:

1. The registrations for the Development Authority Board Training have

been made.

2. The Authority will hold a planning session on January 15, 2003 from

8am-11am with a report on the MTP status from Jeff Mills and discussion on a

budget for the Millage Account as agenda items.

3. Buddy Merrill reported that George Allen was retiring. Georgia

Power will do an extensive search for this position. Becky Blalock is now Sr

VP of Southern Company.

4. Mike Gaymon reported that Mayor Poydasheff will be the speaker at

the VPJDA Annual Meeting on January 16th. Chamber staff have been working on

the workforce and cluster industries of the ED Strategy.

5. There are deeds which need to be signed for the exchange of ground

leased and fee simple land which is the subject of the Bond Issue with the Ben

Carter Properties.







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

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

the meeting was adjourned.





By:_____________________________

J. Edward Sprouse, Secretary

Approved by:



____________________________________

Robert M. Gilson, Jr., Chair