Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
June 20, 2006
MEMBERS PRESENT
Carmen Cavezza, Dick Ellis, Bob Gilson, Fernando Verdree
MEMBERS ABSENT
Billy Blanchard, Stella Shulman, Allen Taber
ALSO PRESENT
Ed Sprouse, Jerry Cutrer
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
20, 2006 meeting to order.
LEGAL ISSUES
Ed Sprouse explained the purpose of the meeting which relates to the Johnston
Mill Lofts Project. Jerry Cutrer explained the restructuring of the debt of
PRS. Upon motion made by Dick Ellis and seconded by Carmen Cavezza, the
Authority approved a resolution to adopt the supplemental indenture to
accommodate the pay down, the resizing of the debt and the recasting of the
interest rate from 6.75% to 6.25%.
There being no further business, the meeting was adjourned.
By:_____________________________
J. Edward Sprouse, Secretary
Approved by:
____________________________________
Robert M. Gilson, Jr., Chair
Attachments
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