Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
May 4, 2006
MEMBERS PRESENT
Billy Blanchard, Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman,
Fernando Verdree
MEMBERS ABSENT
Allen Taber
ALSO PRESENT
Newt Aaron, Averett Davis, Mike Gaymon, Robbie Green, Becca Hardin, Joe
Johnson, Gary Jones, Seiko Kabumoto, Bob Poydasheff, Dayton Preston, Joe
Sanders, Brian Sillitto, Lee Snider, Ed Sprouse, Janeen Tucker, Ben Williams,
another person with NIM
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 May
4, 2006 meeting to order.
Bob Gilson welcomed Carmen Cavezza as new member of the Authority and announced
that the April meeting was the last one for Jimmy Yancey.
MINUTES
Upon motion made by Fernando Verdree and seconded by Dick Ellis, the Authority
unanimously approved the minutes of the April 13, 2006 meeting hereto attached
as Exhibit ?A?.
FINANCIAL REPORT
The report was reviewed. Upon motion made by Stella Shulman and seconded by
Dick Ellis, the Authority unanimously approved the April 2006 Financial Report
which is attached hereto as Exhibit ?B?.
LEGAL ISSUES
1. Upon motion made by Dick Ellis and seconded by Fernando Verdree, the
Authority unanimously approved the Inducement Resolution for the National
Infantry Museum Project for up to $50,000,000 toward construction in the form
attached hereto as Exhibit "D" and authorizing a TEFRA Hearing with Ed Sprouse
being the hearing officer. Carmen Cavezza and Billy Blanchard abstained. CSU
Business School did economic impact which resulted in estimate of 500 jobs in
area and $50.4M annually. It is expected that the museum will have
380,000-400,000 visitors annually.
2. Upon motion made by Stella Shulman and seconded by Dick Ellis, the Authority
unanimously approved the Bond Issue for Foundation Properties Project in the
amount of $12,500,000 of which $ 8,700,000 is a refunding of an earlier issue
in the form attached hereto as Exhibit "E" and authorizing a TEFRA Hearing with
Ed Sprouse being the hearing officer.
3. Upon motion made by Fernando Verdree and seconded by Stella Shuman, the
Authority unanimously approved the TEFRA Hearing for Goldens? Foundry
Inducement Resolution approved at the April meeting with Ed Sprouse being the
hearing officer.
4. Upon motion made by Dick Ellis and seconded by Fernando Verdree, the
Authority unanimously approved the Inducement Resolution for Ironwood Group
Brennan Point Project in the amount of $12,500,000 in the form attached hereto
as Exhibit "F".
5. The Authority will be implementing a Declaration of Protective Covenants for
MTP relevant to the preservation and mitigation of the wetlands. This will not
affect any developable land since most in the floodplains. The greenspace and
flood lands in MTP will remain titled to the City. This will be on the agenda
at a future meeting for a vote.
ECONOMIC DEVELOPMENT UPDATE ? no report attached
Mike Gaymon and Seiko Kabumoto updated the members on the upcoming visit to
Taiwan and Japan.
Becca introduced Lee Snider who has been hired as Economic Analysis who has
been updating our data.
Becca gave a PowerPoint presentation on what happens after a project is
announced. ICForm now has 20 employees and Waggoners Trucking has 100
employees. Janeen Tucker gave an update on the job fair for Road America.
About 700 people came to the job fair and 80 plus have been hired.
Seiko invited the members to visit with the Consul General of Japan at the
Chamber on May 10th from 2:00-3:00pm.
PROPERTY
Already covered
OLD BUSINESS
Letter of thanks has been sent to Harold Linnenkohl with a copy to Sam Wellborn.
NEW BUSINESS
Dick Ellis asked about the status on signage for parks. Dick Ellis, Billy
Blanchard and Fernando Verdree were appointed to a task force to work on a plan
for a signage package for all the industrial parks.
Bob Gilson reviewed commitments with Road America - $336,000 from OneGeorgia
and $75,000 from the Authority. During site preparation some bad soil was
encountered which cost $52,000 to replace. Road America is requesting the
Authority to share in this extra expense. Upon motion made by Stella Shulman
and seconded by Dick Ellis, the Authority unanimously approved sharing in the
extra cost for bad soil in the amount of $35,964.00 with the understanding that
Road America will pay for any further change orders originating from the
company.
Upon motion made by Dick Ellis seconded by Billy Blanchard and unanimously
adopted, the Authority was called into Executive Session to discuss litigation
matters.
Upon motion made by Dick Ellis seconded by Fernando Verdree and unanimously
adopted, the Authority was called out of Executive Session.
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.