Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
March 2, 2006
MEMBERS PRESENT
Billy Blanchard, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Fernando
Verdree, Jimmy Yancey
MEMBERS ABSENT
none
ALSO PRESENT
David Arrington, Rob Brand, Averett Davis, Mike Gaymon, Becca Hardin, Seiko
Kabumoto, Bob Poydasheff, Dayton Preston, Joe Sanders, Brian Sillitto, Ed
Sprouse, 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 March
2, 2006 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
unanimously approved the minutes of the February 2 and 9, 2006 meetings hereto
attached as Exhibit ?A?.
FINANCIAL REPORT
Fernando Verdree reviewed the report. Upon motion made by Dick Ellis and
seconded by Jimmy Yancey, the Authority unanimously approved the February 2006
Financial Report which is attached hereto as Exhibit ?B?. Upon motion made by
Dick Ellis and seconded by Stella Shulman, the Authority unanimously approved
to reimburse the Greater Columbus Georgia Chamber of Commerce for the trip of
Bob Gilson, Becca Hardin, Ed Sprouse and Rob Brand to Miami estimated to be
about $2,000 from the Money Market account.
ECONOMIC DEVELOPMENT UPDATE ? Becca Hardin commented on the great volunteers we
have for economic development. Bob Gilson has put in many hours over the last
several months. Lockwood Greene is doing a community assessment and will have
interviews on March 1st. There are 12 active projects including the mega
project. Mike Gaymon and she met with Craig Lesser and Chris Clark to discuss
protocol for including Phenix City in regional economic development. There is
a contract pending on the Taylor County spec building. The purchase of the
Warr spec building is almost complete. The following are marketing efforts:
visit with GDEcD project managers; Developers? Day on March 8th; trips to
Memphis/Dallas in March, to Japan/Korea/Taiwan in May, and to Chicago in
May/June. Linda Hadley of CSU is doing an economic impact study on commercial
projects (hotels, multi-family).
Brian Sillitto reported that FedEx Ground is looking for a site for a 64,000 sf
building expanding to 83,000 sf on minimum 10 acres. They are considering MTP
Parcel 13 or on Fortson Rd between Williams and Hubbard Roads. The company is
aware of the park covenants. Number of jobs and capital investment not know at
present. Discussion summary encourages company to pursue Fortson Road site.
PROPERTY
Dayton Preston reported that there is a problem with wild hogs in MTP. Upon
motion made by Jimmy Yancey and seconded by Dick Ellis, the Authority
unanimously approved a contract to trap the hogs with the stipulation that the
Authority and the City of Columbus be relieved of any liability.
About 100 acres will be burned in March as required and State has waived cost
to the Authority and the City.
Professional pictures have been taken of MTP and the MTP spec building for
brochures.
There will be a meeting on March 16 with DOT and JJ&G on Phase 2 of the Eastern
Connector.
The widening of Mutec Drive has been approved. Sam Wellborn has been a great
help with this. The signage at both ends of the road needs to be enhanced.
OLD BUSINESS
none
NEW BUSINESS
Upon motion made by Stella Shulman and seconded by Allen Taber, the Authority
unanimously approved splitting 50/50 the salary package for Seiko Kabumoto to
be brought on as a consultant in international development.
LEGAL ISSUES
The Authority is still working with the Board of Assessors to finalize what
taxation will be on for personal property especially when used and for new real
estate. A suggestion is to have taxed at 50% cost of property for 5 years then
years 6-20 at 50% fair market value.
Upon motion made by Jimmy Yancey and seconded by Allen Taber, the Authority
unanimously approved advancing $149,000 to CEDC for payment to CB Richard Ellis
with amount to be reimbursed to Authority upon receiving OneGeorgia funds from
State.
As information, Ed Sprouse reported the Foundation Properties Campus Parking
Bond has closed.
Upon motion made by Dick Ellis and seconded by Jimmy Yancey, the Authority was
called into Executive Session to discuss a matter of litigation.
Upon motion made by Dick Ellis and seconded by Jimmy Yancey, the Authority was
called out of Executive Session.
There were no official actions from the Executive Session that need to be taken.
There being no further business, the meeting was adjourned.
By:_____________________________
J. Edward Sprouse, Secretary
Approved by:
____________________________________
Robert M. Gilson, Jr., Chair
Attachments
No attachments for this document.