Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
April 5, 2007
MEMBERS PRESENT
Carmen Cavezza, Dick Ellis, Bob Gilson, Allen Taber, Fernando Verdree
MEMBERS ABSENT: Billy Blanchard, Stella Shulman
ALSO PRESENT
Richard Bishop, Steve Coleman, Jim Comerford, Mike Gaymon, Becca Hardin, April
Hocutt, Gary Jones, Bob Poydasheff, Dayton Preston, Brian Sillitto, Ed Sprouse,
Clint Taylor, Patrick Taylor, 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 April
5, 2007 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
unanimously approved the minutes of the March 1, 2007 meeting hereto attached
as Exhibit ?A?.
FINANCIAL REPORT
Fernando Verdree reported that the OneGeorgia Grant for Aflac project has been
received. The placement of several items in the audit needs to be examined.
Upon motion made by Allen Taber and seconded by Dick Ellis, the Authority
unanimously approved the March 2007 Financial Report which is attached hereto
as Exhibit ?B?. The audits for the Authority and the CEDC have been combined
this year. The audit report was handed out to the members so that they could
review before the May meeting.
LEGAL ISSUES
1. Upon motion made by Dick Ellis and seconded Fernando Verdree, the Authority
unanimously approved amending and restating the Inducement Resolution adopted
in August 2006 for the Precision Components International project for expansion
of its manufacturing operation from $4,000,000 to $20,000,000 in the form
attached hereto as Exhibit "D".
2. Ed Sprouse reported that the Authority is being asked to contact with Ken
Bleakley Associates, Atlanta, Georgia, for education of the public regarding
Tax Allocation Districts (TAD'S). Upon motion made by Fernando Verdree and
seconded Allen Taber, the Authority approved executing a contract with Ken
Bleakley Associates for $10,000 for the education of the public and evaluation
of Tax Allocation Districts. The funds being provided by Knight Foundation
Grant.
3. Upon motion made by Allen Taber and seconded by Dick Ellis, the Authority
unanimously approved the Inducement Resolution in the form attached hereto as
Exhibit "E" in the amount of $22,000,000 for the Kellogg Project for the
acquisition of equipment with the retention of 348 jobs.
4. Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
unanimously approved the Inducement Resolution in the form attached hereto as
Exhibit "F" in the amount of $10,000,000 for the Lumpkin Park project for a 192
multi-family units.
5. Upon motion made by Allen Taber and seconded by Dick Ellis, the Authority
unanimously acknowledged receiving the letter of notification that the bonds
for Sunbelt Columbus Project in amount of $3,500,000 which closed in 2003 will
be redeemed on June 1, 2007 with the lease remaining in effect.
6. Upon motion may by Allen Taber and seconded by Fernando Verdree, the
Authority unanimously approved a resolution in the form attached hereto as
Exhibit "G" authorizing the execution of an Assignment and Assumption
Agreement, the Indemnity Agreement and the Security Deed to the permanent
lender and authorize the execution of a Scrivener's Affidavit.
7. Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
unanimously approved the execution of Quitclaim Bills of Sale dated as of
December 31, 2006 for the disposition of assets for each of the following
companies W.C. Bradley, Aflac, and TSYS.
8. Upon motion made by Allen Taber and seconded by Fernando Verdree, the
Authority unanimously approved the Bond Resolution in the form attached hereto
as Exhibit "H" in the amount of $20,000,000 for the Greystone Properties, LLC
project, a project that was previously induced in August 2002.
9. For information, there might be a need for a called meeting of the Authority
to adopt a Bond Resolution for $32,000,000 for the Lexington Heights project
which was induced in August 2006.
ECONOMIC DEVELOPMENT UPDATE
In the absence of Becca Hardin, Brian Sillitto recapped the 3 projects which
were announced in March ? AlaTrade Foods, Blaze Recycling, and FedEx Ground.
Dayton Preston covered the remainder of her report which is attached as Exhibit
?C?. The following items were reported ? expecting some more announcements,
updating news stories on the website,
PROPERTY
Litho-Krome will be leasing the Pace building for a small fee and paying all
utilities, grading further down the Eastern Connector is underway.
OLD BUSINESS
Dick Ellis gave an update on the signage. The committee anticipates making
some recommendations at the May meeting. JJ&G and Hecht, Burdeshaw have some
renderings for marketing pieces.
NEW BUSINESS
Bob Gilson reported that the Authority has received a request from Columbus
Technical College to financially support its efforts in building a Health
Science Complex. It was commented that the College is a great partner for the
Authority in economic development.
Upon motion made by Fernando Verdree seconded by Dick Ellis and unanimously
adopted, the Authority was called into Executive Session to discuss litigation
matters.
Upon motion made by Carmen Cavezza seconded by Fernando Verdree and unanimously
adopted, the Authority was called out of Executive Session.
There was nothing to report from the Executive Session. 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.