Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

January 8, 2004



MEMBERS PRESENT

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



MEMBERS ABSENT

Steve Butler, Jimmy Yancey



ALSO PRESENT

Billy Blanchard, Linda Dam, Mike Gaymon, Becca Hardin, Biff Hadden, Robbie

Green, Rob McKenna, Bob Poydasheff, Dayton Preston, Joe Sanders, 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 Stella Shulman and seconded by Fernando Verdree, the

Authority unanimously approved the minutes of the December 4, 2003 and December

15, 2003 meetings hereto attached as Exhibits ?A-1 and A-2?.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for December 2003. Upon motion

made by Dick Ellis and seconded by Allen Taber, the Authority unanimously

approved the December 2003 Financial Report which is attached hereto as Exhibit

?B?.



ECONOMIC DEVELOPMENT UPDATE ? Attached hereto as Exhibit ?C?.

1. Projects: Becca Hardin reported that there are 23 active projects with 10 of

them being ?hot?. CIS will be having a groundbreaking on February 11th. There

have been 6 suspects and 4 website requests. There are 3 active prospects in

South Columbus. In 2003, 1,246 new jobs were created and capital investments

were $109,250,000.

2. Marketing: Participation with Greater Georgia continues. Billy Blanchard is

working with Becca to develop goals and strategies for 2004.

3. Other: Becca will attend ?Boot Camp? on Foreign Trade Zone this weekend.

Six proposals have been received from possible consultants to assist with our

FTZ application. Biff Hadden is heavily involved with the BRAC consultant

contract, the Fort Benning residential communities project and the Infantry

Museum project. Biff reported that the residential communities initiative will

change 4,100 sets of family housing from government control to private

ownership. About 1,000 of these will be demolished and replaced with the rest

being refurbished. The Infantry Museum Project is moving along. On Tuesday,

twenty architectural firms which are interested in bidding on the project will

be visiting the city.





OLD BUSINESS

None



NEW BUSINESS

none



LEGAL ISSUES

1. Rob McKenna reported that the Victory Crossing Project is ready for

signatures and the documents have been re-dated.

2. The MBI Bond Issue has been paid and the execution of documents necessary to

terminate all of the Bond Documents was approved.

PROPERTY

1. Dayton Preston reported that problems still remain with dumping of trash on

10th Armored Division Road and Chattsworth Road. It will be necessary to post

signs advising people about the law. It would probably be helpful if offenders

had to appear in Environmental Court.

2. Individuals from DOT will be in town today. Everything is progressing with

Eastern Connector and no problems have arisen. Discussion will take place

regarding the failed wetlands on Fall Line Business Centr?. The contract for

new settling ponds is being let.



OTHER ISSUES

Ed Sprouse will need to be consulted about status of rezoning part of FLBC.



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