MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
February 7, 2008
MEMBERS PRESENT
Carmen Cavezza, Bob Gilson, Stella Shulman, Allen Taber, Fernando Verdree
MEMBERS ABSENT: Billy Blanchard, Dick Ellis
ALSO PRESENT
Steve Adams, David Arrington, Richard Bishop, Steve Coleman, Shelley Dean, Karl
Douglass, Mike Gaymon, Steve Harber, Sue Hall, Becca Hardin, Joe Johnson, Gary
Jones, Bob Poydasheff, Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse,
Clint Taylor, 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 7, 2008 meeting to order.
MINUTES
Upon motion made by Stella Shulman and seconded by Carmen Cavezza, the
Authority unanimously approved the minutes of the January 3, 2008 meeting
hereto attached as Exhibit ?A?.
FINANCIAL REPORT
Fernando Verdree reviewed the report noting that there were no unusual
expenses. Upon motion made by Allen Taber and seconded by Carmen Cavezza, the
Authority unanimously approved the January 2008 Financial Report which is
attached hereto as Exhibit ?B?.
LEGAL ISSUES
1. Steve Harber and Sue Hall were present from Eastman Kodak and he spoke about
the planned expansion to have a new product line in place in 2009. Upon motion
made by Stella Shulman and seconded by Carmen Cavezza, the Authority
unanimously approved an Inducement Resolution in the form attached hereto as
Exhibit ?D in the amount of $16,400,000 for the Eastman Kodak Project?.
2. Upon motion made by Stella Shulman and seconded by Fernando Verdree, the
Authority unanimously approved the Bond Resolution in the form attached hereto
as Exhibit ?E? in the amount of $10,000,000 for the Lumpkin Place Project and
authorized the execution of all documents pertaining to the bond issue.
3. Ed Sprouse reported as information that the bond issue for Sunbelt SCG is
being redeemed.
4. Ed Sprouse reported as information that the Kodak warehouse is being
transferred to Ryder Integrated Logistics Inc.
ECONOMIC DEVELOPMENT
Becca Hardin reported that the final steps in the Letter of Intent for several
Tier 1 Kia suppliers are underway. It is anticipated that final negotiations
will be completed soon. The region is getting more interest from Tier 2
suppliers. She gave a presentation on the recent visit to Fort Knox. Becca
introduced Shelley Dean who will begin as the new Project Manager on February
18th. The written report is attached as Exhibit ?C?.
PROPERTY
Dayton Preston reported that the temporary sign for MTP to be located at Lynch
Road and Fall Line Freeway should be up soon. Joe Johnson reported that DOT
has approved the right of way plans for Phase II of the Technology Parkway and
that the construction on Mutec Drive is expected to begin in mid-spring.
Dayton reported that a turn lane will have to be constructed for every business
in MTP.
OLD BUSINESS
none
NEW BUSINESS
none
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.