Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
November 2, 2006
MEMBERS PRESENT
Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber Fernando
Verdree
MEMBERS ABSENT: Billy Blanchard
ALSO PRESENT
David Arrington, Averett Davis, Mike Gaymon, Becca Hardin, Joe Johnson, Gary
Jones, Seiko Kabumoto, Bob Poydasheff, Dayton Preston, Joe Sanders, Brian
Sillitto, Ed Sprouse, Clint Taylor, 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
November 2, 2006 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Fernando Verdree, the Authority
unanimously approved the minutes of the October 5, 2006 meeting hereto attached
as Exhibit ?A?.
FINANCIAL REPORT
The monthly millage amount is just over $100,000. The initial payment of the
Pace insurance has been reimbursed to Authority from CEDC Pace account. Upon
motion made by Allen Taber and seconded by Dick Ellis, the Authority
unanimously approved the October 2006 Financial Report which is attached hereto
as Exhibit ?B?.
ECONOMIC DEVELOPMENT UPDATE ? Attached as Exhibit C
Becca Hardin thanked Katherine for her assistance with the Road America Grand
Opening. The Road America celebration began with a dinner the evening before
the October 18th Ribbon Cutting ceremony. The executives from Madrid, Spain
were here for the events. The official groundbreaking ceremony for Kia took
place in West Point. There are two projects which are expected to be announced
by end of year. One of the projects we were working announced in Opelika. The
State is increasing the amount toward the Aflac project by $375,000. Gary gave
an update on the status of JLUS proposal. The RFI has been posted on the
website and it is expected that a contractor will begin by December 1st. The
grant is almost $500,000. Seiko reported that the president of JETRO will
visit Columbus for the first time and will be at the November EOB.
Becca reviewed a project looking at the Business Center in Columbus South EZ
with $4M capital investment and 20 jobs. Upon motion made by Carmen Cavezza
and seconded by Stella Shulman, the Authority authorized an intergovernmental
agreement with the City of Columbus for the Authority to take title to the
approximately 11 acres in the Business Center Park in Columbus South for
economic development with the net revenue to be returned to the City as
proceeds come in.
Mike Gaymon commented that the JETRO visit and the visit to Taichung have
long-term economic development investment.
PROPERTY
Pace building is secured, cleaned and insured. This building shows well.
The work on Mutec Drive and Eastern Connector are on schedule.
OLD BUSINESS
Dick Ellis reported that he is working with Robbie Whyte in gathering
information. A timeline should be available by the December meeting.
NEW BUSINESS
None
LEGAL ISSUES
Upon motion made by Stella Shulman and seconded by Dick Ellis, the Authority
unanimously approved the Resolution authorizing the substitute of Johnston RST,
LLC as the General Partner for the Johnston Mill Lofts Apartment Project in the
form attached hereto as Exhibit ?D.?
The Cessna project has been delayed until next year.
Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
unanimously approved Bond Resolution in the amount of $80,000,000 for Aflac
Project Phases I and II in the form attached hereto as Exhibit ?E.
Upon motion made by Stella Shulman and seconded by Fernando Verdree, the
Authority unanimously approved the Resolution in the form attached hereto as
Exhibit ?F? authorizing an amendment to the lease agreement to transfer the
real estate to DNA Holdings, LLC with the personal property remaining with the
operating entity.
Ed Sprouse reported that a letter has been sent to Road America setting the
commencement date as October 1, 2006 for the 10-year lease term.
Upon motion made by Dick Ellis and seconded by Allen Taber, the Authority
authorized an enabling resolution with the details to be worked out to receive
the for repairs to the Depot and some federal funds for a military memorial.
Carmen Cavezza was in the featured article of the first issue of the new
Ledger-Enquirer publication.
Upon motion made by Dick Ellis and seconded by Fernando Verdree and unanimously
adopted, the Authority was called into Executive Session to discuss litigation
matters.
Upon motion made by Stella Shulman and seconded by Dick Ellis, the Authority
was called out of Executive Session.
Upon motion made by Allen Taber and seconded by Stella Shulman, the Authority
authorized a loan of $1.35M for the payment of a debt.
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.