Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
June 1, 2006
MEMBERS PRESENT
Billy Blanchard, Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman, Allen
Taber, Fernando Verdree
MEMBERS ABSENT
none
ALSO PRESENT
David Arrington, Richard Bishop, Mike Gaymon, Joe Johnson, Seiko Kabumoto, Bob
Poydasheff, Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse,
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 June
1, 2006 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Billy Blanchard, the Authority
unanimously approved the minutes of the May 4, 2006 meeting hereto attached as
Exhibit ?A?.
FINANCIAL REPORT
There were no questions about the report. The finances have been looked at
more closely by Bob Gilson, Fernando Verdree, Joe Sanders and Katherine Kelly
and an estimated cash flow chart for the rest of the year is being prepared.
Upon motion made by Allen Taber and seconded by Billy Blanchard, the Authority
unanimously approved the May 2006 Financial Report which is attached hereto as
Exhibit ?B?.
ECONOMIC DEVELOPMENT UPDATE - Becca Hardin is in Chicago at meeting of site
selection consultants. Dayton Preston reviewed her written report which is
attached as Exhibit ?C?. Governor Perdue will be presenting the ?big? check
for the Road America OneGeorgia Grant on June 13th. Billy Blanchard, an
individual from Road America and Dayton are going to Metter, Georgia to receive
it. Georgia Power is putting together a map of available sites and buildings
for Kia suppliers.
PROPERTY
Dayton reported that Valuation Services has given a verbal appraisal that land
prices in MTP and FLBC should be changed from $30,000/acre to $40,000/acre.
Brian Sillitto reported that Voice Link could not get permits since the road
cannot be deeded to the City until it meets specs. Cargo Court is in poor
condition and will cost about $70,000 to be accepted by the City. The road has
to end in a cul-de-sac not a driveway. Once the road has been improved and
accepted, the City would maintain the road. Discussion on this issue was
postponed until more information, a good cost estimate and possible talking
with the original owners can be obtained. David Arrington is processing the
request for City Council consideration of closing 9th Avenue, 6th Street and
9th Street around Vesta Bakery.
OLD BUSINESS
Dick Ellis reported that the Signage Subcommittee met with Ed Burdeshaw to
evaluate where signage is currently and where want to go. Consensus is to have
a standard signage package for all parks. There will be another meeting on
June 10th with a signage consultant.
NEW BUSINESS
Mayor Poydasheff reported that there is a line item in the new budget for
$600,000 to hire a multifaceted strategy planner for 5 years.
LEGAL ISSUES
1. Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority
unanimously approved the Inducement Resolution for the Covan Worldwide Moving
Project for up to $3,000,000 in the form attached hereto as Exhibit "D". The
project is retaining 30 jobs and creating 30 new jobs and purchasing the Warr
Spec Building.
2. Status of projects ? NSA is purchasing the 692 acres in Chattahoochee
County with $300,000 in cash going to the Consolidated Government of Columbus,
Georgia and with $650,000 in kind services to the City of Columbus. The
Johnston Mills Loft Project will be having a restructuring at a future date.
3. Ad valorem taxes ? Discussions are taking place so that the Authority can
have a predictable method it can use with a prospect. At present it appears
that with new real property the cost of the project is locked for 5 years and
in the 6th year the values will move as re-appraised but the 50% abatement will
be retained on the new amounts. Discussions are still underway for existing
properties. There is still a problem when have purchase of used property that
is already on the tax books. A number of the inducements done by the Authority
are on hold until a decision is made by the tax assessors.
Upon motion made by Billy Blanchard and seconded by Dick Ellis and unanimously
adopted, the Authority was called into Executive Session with only members
present to discuss litigation matters.
The Authority was called out of Executive Session with no actions to be
reported.
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.