Columbus, Georgia

Georgia's First Consolidated Government

Post Office Box 1340
Columbus, Georgia, 31902-1340
(706) 653-4013
fax (706) 653-4016

Council Members

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

January 3, 2008



MEMBERS PRESENT

Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Fernando

Verdree



MEMBERS ABSENT: Billy Blanchard



ALSO PRESENT

David Arrington, Mike Gaymon, Becca Hardin, Joe Johnson, Gary Jones, Brian

Sillitto, Ed Sprouse, Clint Taylor, Mike Webb, 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 3, 2008 meeting to order.



MINUTES

Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority

unanimously approved the minutes of the December 6, 2007 meeting hereto

attached as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree reviewed the report noting that there were no unusual

expenses. Upon motion made by Dick Ellis and seconded by Stella Shulman, the

Authority unanimously approved the December 2007 Financial Report which is

attached hereto as Exhibit ?B?.



Mike Gaymon reported to the members that Becca Hardin has been chosen by

Georgia Trend as one of the Top 100 Georgians and appears in the January 2008

issue.



LEGAL ISSUES

1. Mike Webb from Synovus spoke about the spin off from TSYS and the company

moving forward with a large data center project which will retain 1725 jobs,

have 600 new jobs over 5 years and a capital investment of $40,000,000. Upon

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

unanimously approved an Inducement Resolution in the amount of $40,000,000 for

the Synovus Project in the form attached hereto as Exhibit ?D.?

2. Ed Sprouse reported that PCI Bond Resolution has closed in the amount of

$10,000,000.

3. Ed Sprouse reported that the Kellogg Bond Resolution has closed in the

amount of $20,000,000. Mike Gaymon suggested that a representative from

Kellogg be present at the Authority presentation to the City Council as a

testimonial of importance in companies deciding to expand in the community.

4. Upon motion made by Stella Shulman and seconded by Dick Ellis, the Authority

unanimously approved the execution of easement to Columbus Water Works for

sanitary sewer line subject to prior execution of easement by Precision

Components International in the form attached hereto as Exhibit ?E?.

5. Upon motion made by Dick Ellis and seconded by Carmen Cavezza, the Authority

unanimously approved the execution of the deed to the City for FedEx Court in

the form attached hereto as Exhibit ?F?.



ECONOMIC DEVELOPMENT

Becca Hardin presented her report which contained a 2007 Year End Projects

Review, current activities, and 2008 Strategic Initiatives. A number of

projects will be carried over to 2008. There are 22 active projects with 8

projects being Kia related. Yesterday we received notification that MTP is

again in the less developed census tracts. Corporate Ridge portion of the

newly designated Corporate Ridge Business Park but not the Columbus East

portion is also in the less developed census tracts. The Panasonic building is

in this designated area.





PROPERTY

Items already covered.



OLD BUSINESS

none



NEW BUSINESS

Mike Gaymon reported on the involvement of Columbus in the 2008 Red Carpet

Tour. The participants will be staying at Callaway Gardens but will come to

Columbus for dinner on Friday.



The trip to Fort Knox is scheduled for January 27-29.



There being no further business, the meeting was adjourned.





By:_____________________________

Rebecca Brown Hardin, Secretary



Approved by:



____________________________________

Robert M. Gilson, Jr., Chair

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