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
Attachments
No attachments for this document.