Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

December 4, 2003



MEMBERS PRESENT

Steve Butler, Dick Ellis,Bob Gilson, Stella Shulman,Allen Taber, Fernando

Verdree



MEMBERS ABSENT

Jimmy Yancey



ALSO PRESENT

Richard Bishop, Mike Gaymon, Becca Hardin, Laura Lenander, Dayton Preston,

Rufus Riggs, Joe Sanders, Ed Sprouse; 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

December 4, 2003 meeting to order.



MINUTES

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

unanimously approved the minutes of the November 6, 2003 meeting hereto

attached as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for November 2003. The Miller

Property Loan will be paid down when the Authority receives the money from the

City for the greenspace in FLBC. Upon motion made by Stella Shulman and

seconded by Dick Ellis, the Authority unanimously accepted the November 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 17 active projects

with 7 of them being ?hot?. Lynx Chemical Group announced retention of 35 jobs

with $2.5M capital investment. There have been 2 inquiries via ED website; 4

suspects. One very hot prospect is in South Columbus and another is in Valley

Partnership. She reported that to date announcements have totaled 676 jobs and

$62,250,000 in capital investment.

2. Marketing: Becca Hardin participated in the Fabtech Trade Show in

Chicago in November with members of GDIT&T which has generated 2 substantial

leads.

3. Other:Julie Brown is identifying some possible consultants to assist

with applying for Foreign Trade Zone. It has been determined that not only MTP

but also Columbus East Industrial Park and Corporate Ridge Industrial Park can

be included in the application This process will probably take about 1 year.

At January meeting, the Authority will be presented with a letter of intent to

work with one of the consultants. Estimated cost for this consultation will be

$2500 - $3000. Becca Harden and Billy Blanchard have met to do 2004 strategic

planning. A planning meeting of utility companies was held and was well

received by the companies and they were very interested in continuing to meet.



NEW BUSINESS

In appreciation of his team work with the Development Authority, Bob Gilson and

Dayton Preston expressed the Authority?s appreciation for Rufus Riggs. A

Certificate of Appreciation was presented to him. Rufus Riggs thanked the

Authority and gave credit to the City employees for endeavors.





PROPERTY

1. Dayton Preston reported that representatives from Heckler & Koch

have indicted that their building on MTP will probably go from planned 55,000

sf to 215,000 sf.

2. Richard Bishop reported that the DOT Environmental Public Hearing on

Eastern Connector was held on November 18, 2003 and comments are being

responded to. Expect a turn around on response from Federal Highway personnel

by February or early March. At the earliest the road would be started by early

summer. Sam Wellborn has been involved with planning.

3. Dayton Preston reported that the selective cutting is being

completed. There are 7 acres next to the Youth Detention Center site on

Chattsworth Road which could be used for a 30,000 ? 40,000 sf spec building.

The fire station on Cargo Drive is under construction.



OLD BUSINESS

none



LEGAL ISSUES

1. Ed Sprouse presented the application of Heckler & Koch for

Inducement Resolution for the construction of a small arms manufacturing

facility and acquisition of equipment. The project would employ 200 people and

involve approximately $25,000,000 in capital expenditure. Upon motion made by

Steve Butler and seconded by Dick Ellis, the Authority approved the Inducement

Resolution in the amount of $25,000,000 for Heckler & Koch in the form attached

hereto as Exhibit ?D?.



2. Ed Sprouse presented the application of Four JS Family LLLP for

Inducement Resolution for the construction of a limited service hotel projected

to employ 16-20 people in the amount of $4,000,000. Upon motion made by Dick

Ellis and seconded by Allen Taber, the Authority unanimously approved the

Inducement Resolution for Four JS Family, LLLPin the amount of up to $4,000,000

in the form attached hereto as Exhibit ?E?.



EXECUTIVE SESSION:

Upon motion made by Fernando Verdree and seconded by Steve Butler, the

Authority went in to Executive Session to discuss the acquisition of real

property. Upon motion made by Fernando Verdree and seconded by Steve Butler,

the Authority went back into regular session.



OTHER ISSUES

1. The following was reported from the Executive Session: upon motion

made by Dick Ellis and seconded by Fernando Verdree, the Authority authorized

up to $450,000 toward the purchase of property and some incentives for Project

Wagon. The Affidavit of the Chairman required by O.C.G.A.?50-14-4(b) is

attached to these minutes.

2. Correspondance ? The Authority received a thank you card from Cathy

Gilson

3. The Master Plan for Fall Line Business Centre calls for a second

access to the land. Upon motion made by Fernando Verdree and seconded by Dick

Ellis, the Authority authorized proceeding with the rezoning application for

Fall Line Business Centre as presently designed.



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

made by Steve Butlerand seconded by Stella Shulman and unanimously adopted, the

meeting was adjourned.



By:_____________________________

J. Edward Sprouse, Secretary



Approved by:



____________________________________

Robert M. Gilson, Jr., Chair







STATE OF GEORGIA

COUNTY OF MUSCOGEE



AFFIDAVIT OF ROBERT M. GILSON, JR., CHAIRMAN, DEVELOPMENT AUTHORITY OF

COLUMBUS, GEORGIA REGARDING EXECUTIVE SESSION OF DEVELOPMENT AUTHORITY OF

COLUMBUS, GEORGIA ON DECEMBER 4, 2003





Personally appeared before me, the undersigned attesting officer, duly

authorized to administer oaths, Robert M. Gilson, Jr. (?Deponent?), who, first

being duly sworn, deposes and on oath says as follows:



1. Deponent is Chairman of the Development Authority of Columbus,

Georgia, and, as such, Deponent is authorized and fully qualified to execute

this Affidavit.

2. The subject matter of that portion of the December 4, 2003, meeting

of the Development Authority of Columbus, Georgia, which was closed to the

public was the acquisition of property by the Development Authority.

Discussion of the acquisition of property is exempt from the requirements of

the Open Meetings Law in accordance with O.C.G.A. ? 50-14-3(4), and the matters

discussed related to the acquisition of property by the Development Authority.

3. This Affidavit is given pursuant to the requirements of O.C.G.A. ?

50-14-4(b).



__________________________

Robert M. Gilson, Jr.





Sworn to and subscribed before me

this _______ day of January 2004.



______________________________

Notary Public

State of Georgia, County of Muscogee

My Commission Expires: ____________





[Notary Seal]