Columbus, Georgia

Georgia's First Consolidated Government

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

Council Members

Exhibit A

MINUTES OF THE MEETING OF THE

DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA

February 1, 2007



MEMBERS PRESENT

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

Verdree



MEMBERS ABSENT: Billy Blanchard



ALSO PRESENT

Steve Adams, David Arrington, Richard Bishop, Mike Gaymon, Robbie Green, Becca

Hardin, Isaiah Hugley, Joe Johnson, Gary Jones, Seiko Kabumoto, Bob Poydasheff,

Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse, Clint Taylor, Jim

Wetherington, 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

February 1, 2007 meeting to order.



MINUTES

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

unanimously approved the minutes of the January 4, 2007 meeting hereto attached

as Exhibit ?A?.



FINANCIAL REPORT

Fernando Verdree noted that reclassified land acquisition of property. Upon

motion made by Stella Shulman and seconded by Allen Taber, the Authority

unanimously approved the January 2007 Financial Report which is attached hereto

as Exhibit ?B?.



ECONOMIC DEVELOPMENT UPDATE

Becca Hardin reported that there will be an announcement soon. There should be

two additional announcements during the first quarter of 2007. Currently there

are 20 active projects. Gary is working with defense contractor projects.

There are active projects for the region in Harris County, Muscogee County,

Talbot County, Taylor County and cities of Phenix City and West Point. There

have been 6 prospect visits and 8 initial inquiries. Work continues with Team

Georgia on Kia suppliers. It is expected that the Kia suppliers will be

identified by the end of February. There is a copy of the presentation

(Exhibit ?C?) that Becca made before the joint meeting of the Georgia House and

Senate economic development meeting in which she presented 3 scenarios of

projects. We will be more proactive with defense contractors. The Authority

members agreed that there is a need for a local task force of some Authority

members to look at recruiting defense contractors. Other items of interest are

the new website, Governor Perdue presented Aflac the ?big check? at the recent

OneGeorgia Authority Board meeting, Valley Partnership annual meeting, ED team

2007 strategy planning session.



PROPERTY

Dayton Preston reported that both the MTP spec and Pace buildings are clean.

Joe Johnson reported on the status of the Eastern Connector project. It is

expected that the rights of way will be purchased by summer.



NEW BUSINESS

None



LEGAL ISSUES

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

unanimously approved the Inducement Resolution in the amount of $24,000,000 for

the Place Properties project to develop 168 multi-family units at Oxbow Meadows

in the form attached hereto as Exhibit ?D?.

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

unanimously approved and authorized the execution and delivery of Agreements

pursuant t o which the Authority will lease the Depot from CARI and then

sublease a portion of the Depot back to CARI and sublease a portion of the

Depot to the Chamber of Commerce in the form attached hereto as Exhibit ?E?.

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

approved the Bond Resolution for Foundation Properties for the Art and Theatre

Project in the amount of $6,700,000 for repayment of expenses incurred in the

form attached hereto as Exhibit ?F? and designating J. Edward Sprouse on behalf

of the Authority as the hearing officer for the TEFRA Hearing. Carmen Cavezza

abstained.



OLD BUSINESS

Dick Ellis reported that four concepts have been designed and will be presented

by Robbie Whyte. She gave a presentation of the 4 concepts. One concept is to

be selected to be used at all parks. A question and answer period followed.

It was pointed out that Bill Duck needs to be kept informed of developments.

The selected concept also needs to be incorporated into the Mutec Drive

development. The subcommittee was charged with looking at the possibility of

using one name to refer to both CEIP and CRIP.



Joe Sanders introduced Steve Adams with CB&T who has replaced Averett Davis.



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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