Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

February 5, 2004



MEMBERS PRESENT

Steve Butler, Dick Ellis,Bob Gilson, Stella Shulman,Fernando Verdree, Jimmy

Yancey



MEMBERS ABSENT

Allen Taber



ALSO PRESENT

Richard Bishop, Billy Blanchard, Carmen Cavezza, Mike Gaymon, Becca Hardin,

Biff Hadden, Jack Key, Buddy Merrill, Jay Pease, Bob Poydasheff, Dayton

Preston, Joe Sanders, Ed Sprouse, Gena Stone, Robert Teem, Janeen Tucker, 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

February 5, 2004 meeting to order.



Jack Key, 2004 Chair of the Greater Columbus Georgia Chamber of Commerce,

briefly commented to the Authority about his role and support as Chair of the

Chamber Board.



MINUTES

Upon motion made by Jimmy Yancey and seconded by Stella Shulman, the Authority

unanimously approved the minutes of theJanuary 8, 2004 and meeting hereto

attached as Exhibits ?A?.



FINANCIAL REPORT

1. Fernando Verdree reviewed the financial report for January 2004. He

reported that the Authority has received the funds from the City for the sale

of greenspace in the Fall Line Business Centr?. Upon motion made by Dick Ellis

and seconded by Steve Butler, the Authority unanimously approved the January

2004 Financial Report which is attached hereto as Exhibit ?B?.

2. Report on Audit ? Jay Pease presented the report from the auditors

on the Development Authority accounts. Upon motion made by Steve Butler and

seconded by Stella Shulman, the Authority accepted the Report on the Audit from

Robinson Grimes & Associates.

3. Finance Subcommittee Report ? The report from the subcommittee

entitles ?Regional Economic Development Budget Summary 1/04? is attached hereto

as Exhibit ?C?. The subcommittee recommended that the contract with the

Chamber be revised from $12,000 per month to $18,000 per month. Part of these

funds would be used to hire an additional project manager. Upon motion made by

Stella Shulman and seconded by Jimmy Yancey, the Authority unanimously approved

increasing the annual allocation to the Greater Columbus Georgia Chamber of

Commerce to $216,000 annually for providing economic development services.

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

unanimously approved amending the contract with the Greater Columbus Georgia

Chamber of Commerce effective January 1, 2004.



ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin and Billy Blanchard made a

presentation on ?2003 In Review 2004 In Preview.? Becca Hardin rapped up 2003

and Billy Blanchard reported on goals for 2004. There was good discussion

after the presentation. Upon motion made by Fernando Verdree and seconded by

Dick Ellis, the Authority unanimously authorized to send out RFP?s for a

100,000 sf speculative building on Parcel 2 of Muscogee Technology Park with no

cost to the Authority for the construction.



OLD BUSINESS

1. FTZ - Becca Hardin reported that since MTP would be an expansion of

the Atlanta Foreign Trade Zone that Corporate Ridge Industrial Park and

Columbus East Industrial Park can also be wrapped into the plan. Eight

responses were received to the RFP. Upon motion made by Jimmy Yancey and

seconded by Stella Shulman, the Authority unanimously approved hiring the

Rockefeller Group as consultants in the application process for being an

expansion of the Atlanta Foreign Trade Zone at a fee not to exceed $30,000.

2. BRAC ? Biff Hadden reported that the CG of Ft. Benning is presently

in Washington, DC sharing ideas. One of the points he will make is that Ft.

Benning has an unlimited capacity for housing so the community can support new

missions being added.



NEW BUSINESS

Kemira is getting ready to do an expansion. Richard Bishop will meet with the

parl association to discuss zoning.



LEGAL ISSUES

1. Upon motion made by Jimmy Yancey and seconded by Steve Butler, the

Authority unanimously approved the Inducement Resolution in the form attached

hereto as Exhibit ?D?for Columbus Hall Apartments, LP Project, which was for a

200 unit multi-family apartment complex. The proposed project would have a

capital investment of $15,700,000 and would create 30 new temporary jobs and 12

permanent new jobs and retain 6 jobs.

2. It was reported that the CRIP Lot 19 was sold to Masterbuilt over a

year agoand that no construction had commenced onthelot. Because of the

possible interest in Lot 19 from others, Dayton Preston was asked to follow up

with the company and determine its intentions.



PROPERTY

none



OTHER ISSUES

none



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

made by Dick Ellisand seconded by Fernando Verdree and unanimously adopted, the

meeting was adjourned.



By:_____________________________

J. Edward Sprouse, Secretary



Approved by:



____________________________________

Robert M. Gilson, Jr., Chair