Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
August 3, 2006
MEMBERS PRESENT
Billy Blanchard, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Fernando
Verdree
MEMBERS ABSENT
Carmen Cavezza
ALSO PRESENT
David Arrington, Averett Davis, Mike Gaymon, Becca Hardin, Isaiah Hugley, Joe
Johnson, Gary Jones, Dayton Preston, Joe Sanders, Brian Sillitto, Lee Snider,
Ed Sprouse, Clint Taylor
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
August 3, 2006 meeting to order.
MINUTES
Upon motion made by Allen Taber and seconded by Fernando Verdree, the Authority
unanimously approved the minutes of the July 6, 2006 meeting hereto attached as
Exhibit ?A?.
FINANCIAL REPORT
It was pointed out that the millage from the City will resume in October. Upon
motion made by Allen Taber and seconded by Dick Ellis, the Authority
unanimously approved the July 2006 Financial Report which is attached hereto as
Exhibit ?B?.
ECONOMIC DEVELOPMENT UPDATE ? Fed Ex has accepted the proposal. Cessna is
looking at MTP Lot 10. Kia supplier prospect activity is increasing. A local
company is looking at Pace Building which is a priority to get occupied. The
marketing portfolio is nearing completion. Lee Snider showed the members the
latest version and made comments. Becca referred to a letter from GEDA with
recommendations to the House Business Incentives Study Committee which is
attached as Exhibit ?D?. She spoke briefly about some of the items. The State
of Georgia is reinstating the REBA program. Becca made a presentation on the
summary of the CH2MHill Lockwood Greene Community Assessment. Mike Gaymon also
commented on results presented by the consultants. The report was very
positive and supportive of the direction of our economic development. It was
decided that a letter of appreciation be sent to Georgia Power for including
the Columbus region in the assessment. Clint Taylor passed around a sample of
the criteria document used to certify sites.
PROPERTY
Dayton Preston reported that next week Bill Bryant will meet with individuals
who will be involved in gathering data to be submitted for certification of MTP
as a certified site. When certified, this would be the first in the state.
The Pace building will be vacated by August 31st and the site is now 22 acres.
There have been several companies interested in the Pace building. Char-Broil
building has 200,000 sf available for marketing. Billy Blanchard reported that
the Signage Subcommittee discussed combining CRIP and CEIP into one park. Ed
Sprouse stated that if both associations agreed, one name could be used for
marketing purposes. The legal descriptions and covenants would not change for
the companies located in the parks. The Signage subcommittee will look further
into this.
OLD BUSINESS
Park Signage - There will be a presentation from the park signage consultants,
Whyte-Kerner Environmental Graphics & Design, at the September Authority
meeting. The landscaping at the entrances to the parks will be considered by
the group.
NEW BUSINESS
LEGAL ISSUES
Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority
unanimously approved an Inducement Resolution in the amount of $4,000,000 for
PCI in the form attached hereto as Exhibit ?E.?
Upon motion made by Fernando Verdree and seconded by Billy Blanchard, the
Authority approved with Stella Shulman abstaining an Inducement Resolution in
the amount of $32,000,000 for the Place Properties Project in the form attached
hereto as Exhibit ?F?.
There is a request by a family in Midland to purchase the property still owned
by the Authority along the greenspace for the City. The Authority will have
the City look at this request and will look further into the request.
Ed Sprouse reported that the analysis of the projects related to multifamily,
hotel/motel, and commercial projects needs to be followed up and get a closure
on the issue.
Upon motion made by Stella Shulman and seconded by Fernando Verdree 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.
Upon motion made by Billy Blanchard and seconded by Stella Shulman, the
Authority unanimously approved renewing the Cosmyl property purchase loan for
another six months with interest to be paid monthly instead of at end of six
months if possible.
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.