Columbus, Georgia

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

April 2, 2003



MEMBERS PRESENT

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

Yancey



MEMBERS ABSENT

Debbie Lane



ALSO PRESENT

Billy Blanchard, Mike Gaymon, Biff Hadden, Becca Hardin, Bob Poydasheff, Dayton

Preston, Joe Sanders, Stella Shulman, Ed Sprouse; Janeen Tucker, Robert

Watkins, 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 April

2, 2003 meeting to order.



MINUTES

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

unanimously approved the minutes of the March 2, 2003 meeting hereto attached

as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed the financial report for March 2003 which is attached

hereto as Exhibit ?B?. Mike Gaymon explained the request for expenses for

newspaper ads. Upon motion made by Dick Ellis and seconded by Fernando

Verdree, the Authority unanimously approved the Request for Reimbursement of

Expenses in the amount of $3,914.12 hereto attached as Exhibit ?C?



ED UPDATE ? Attached hereto as Exhibit ?D?

1. Projects: Becca Hardin reported that there are 30 active projects. Since

last month 2 projects been removed from list. There have been 3 new projects

from GDIT&T and State Utilities. We have had 2 prospect visits and there will

be 2 more visiting this week. Eight existing companies are considering

expansions. Four expansion projects and one new company have been added to the

completion/announcement list.

2. Marketing: Infantry Industry Day is May 6th with over 100 defense

contractors expected to attend dinner at the Chamber. Twelve leads have been

received from the ad in Expansion Management Magazine. GDIT&T technology team

will meet here on Monday to target trade shows to attend during rest of 2003.

Dayton and Becca will visit individuals at GDIT&T and Georgia Power in Atlanta

on April 3. Craig Barrs, new Georgia Power ED Executive and the ED project

team will visit Columbus sometime during the first or second week in May.

Glenn Cornell, the new Commissioner of GDIT&T visited Columbus and was

impressed with what he heard and saw.

3. Other items: The Valley Partnership is working on regional land planning. A

request for federal funding in the amount of $25M was endorsed by the VPJDA and

forwarded to Representative Don Young via Phil Gingrey. The Aircraft Parts

Cluster group is meeting with Lloyd Tirey serving as chairperson. Peter Bowden

has agreed to chair the Tourism Cluster group. Biff reported that the request

for joint use of Lawson Field was denied; however, the Army will agree to an

Exception of Policy.



PROPERTIES

1. Stella Shulman, chairperson of the Regional Planning & Development

Committee, presented a brief overview of the process and objectives in

developing the draft covenants for MTP. These can be adapted to FLBC and other

parks in the Valley Partnership. Members were asked to review the attached

draft covenants for MTP which is attached hereto as Exhibit E before the May

meeting when it will be an agenda item for action.

2. Bob Gilson reported that City Council voted to purchase some land in FLBC

for greenspace. New application with applicable documents for rezoning

remaining portion (about 170 acres) of FLBC is being prepared. JJ&G has been

contacted to develop plans for FLBC. Discussions are underway with PCI about a

possible road on the west side of FLBC.

3. Dayton reported that there is now an official Reinterment Site with

documents approved by the Native American facilitators. Copy is attached

hereto as Exhibit F.

4. The new Valley Partnership marketing brochure referred to at the last

meeting is attached hereto as Exhibit G.

5. Dayton reported that a review of insurance has been done and land in MTP

will be covered only after deeded to the Authority by The City. There is Board

and Officers coverage as well for the Authority.



NEW BUSINESS

Upon motion made by Jimmy Yancey and seconded by Fernando Verdree, the

Authority unanimously approved the request from the Japanese Saturday School

for a contribution of $1000.00. The request is attached hereto as Exhibit ?H?.



LEGAL ISSUES

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

unanimously approved a resolution in the form hereto attached as Exhibit ?I?

granting variance from the Use-Occupancy Regulation for Columbus East

Industrial Park.

2. Upon motion made by Dick Ellis and seconded by Jimmy Yancey, the Authority

unanimously approved a Bond Resolution in the form attached hereto as Exhibit

?J? in the amount of $6,700,000 for Victory Crossing Project. This bond will

close before the end of April.

3. Upon motion made by Allen Taber and seconded by Steve Butler, the Authority

unanimously approved the Inducement Resolution in the form attached hereto as

Exhibit ?K? in the amount of $4,000,000 for the Rivertown Pediatrics Project.

4. Upon motion made by Jimmy Yancey and seconded by Allen Taber, the Authority

unanimously approved the Inducement Resolution in the form attached hereto as

Exhibit ?L? in the amount of $3,750,000 for the Sunbelt Hotels ? Fairfield Inn

Project.

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

unanimously approved the Inducement Resolution in the form attached hereto as

Exhibit ?M? in the amount of $5,100,000 for Sunbelt Hotels ? Residence Inn

Project.

6. Ed Sprouse reviewed the process in rezoning. Discussion took place

concerning conditions desired in the application (1) no access from FLBC to

Midland Road, (2) 200 ft buffer except along land The City purchases for

greenspace, (3) the buffer already existing in the M-1 zoned land would

disappear. A legal description of the land is being prepared by JJ&G for the

application. A clarification about utilities being able to cross buffer needs

to be obtained.



OTHER ISSUES:

Bob Gilson reported that Debbie Lane has resigned from the Authority and that

her resignation has been forwarded to the Clerk of Council. Her resignation

was noted with regret.





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

made by Steve Butler and seconded by Dick Ellis and unanimously adopted, the

meeting was adjourned.

By:_____________________________

J. Edward Sprouse, Secretary

Approved by:



____________________________________

Robert M. Gilson, Jr., Chair