Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
December 7, 2006
MEMBERS PRESENT
Billy Blanchard, Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman, Allen
Taber Fernando Verdree
MEMBERS ABSENT: none
ALSO PRESENT
David Arrington, Richard Bishop, Averett Davis, Mike Gaymon, Becca Hardin, Joe
Johnson, Gary Jones, Dayton Preston, Joe Sanders, Brian Sillitto, Ed Sprouse,
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
December 7, 2006 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Fernando Verdree, the Authority
unanimously approved the minutes of the November 2, 2006 meeting hereto
attached as Exhibit ?A?.
FINANCIAL REPORT
The interest expense line item is for the Miami loan. Upon motion made by
Allen Taber and seconded by Billy Blanchard, the Authority unanimously approved
the November 2006 Financial Report which is attached hereto as Exhibit ?B?.
ECONOMIC DEVELOPMENT UPDATE ? Attached as Exhibit C
Becca Hardin gave a review of projects. NSA is scheduled to close tomorrow.
There have been many looks at the MTP lots. The entire Columbus region is
getting attention from prospects. It was suggested that a discussion take
place with City Council as to what it desires for the business park in the
Enterprise Zone so that the ED staff will know how and if to market the land.
PROPERTY
Dayton Preston showed a mail out from Batson-Cook showing construction of
Aflac. Mutec Drive construction continues.
OLD BUSINESS
Dick Ellis reported that the project is only looking at the following parks at
present: Blanchard, MTP, FLBC, CRIP and CEIP. Team has set a priority for
development of signage. A concept should be ready by the end of January.
NEW BUSINESS
None
LEGAL ISSUES
Upon motion made by Stella Shulman and seconded by Fernando Verdree, the
Authority unanimously approved the Inducement Resolution for the Masterbuilt
Project in the amount of $1,785,000 with 10 new jobs and retaining 44 jobs to
acquire the property at 7 Crown Circle in the form attached hereto as Exhibit
?D.?
Upon the motion made by Stella Shulman and seconded by Dick Ellis, the
Authority unanimously approved the Inducement Resolution for the DNA Project in
the amount of $3,843,000 for the purchase of equipment with a quit claim
interest in the existing looms and conveying them back to DNA with DNA
conveying the newly purchased equipment from Swift Galey Boland Plant to the
Authority in the form attached hereto as Exhibit ?E?. This new equipment will
fall under the 70% savings for 5 years category by the Board of Assessors.
Upon motion made by Dick Ellis and seconded by Fernando Verdree, the Authority
unanimously approved the Bond Resolution in the amount of $3,843,000 for the
DNA Project to purchase equipment in the form attached hereto as Exhibit ?F?.
Upon motion made by Fernando Verdree and seconded by Dick Ellis, the Authority
unanimously approved the resolution in the form attached hereto as Exhibit ?G?
and the execution and delivery of all necessary documents for the purchase of
15 acres behind Pace building to Columbus Baseline for $180,000 for the FedEx
Project in the form attached hereto as Exhibit ?G?.
Additional items as information:
Lance has decided to put project on hold.
Columbus Park Crossing South should close by end of year.
Aflac Phases I & II should close by end of year.
The Cougar Village Project will be rolled into 2007.
The Board of Tax Assessors has released letters for bond financing for some of
the projects.
Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority
authorized obtaining a survey of the property to be acquired from Willis
Property and proceed with the exchange of property with David Erickson.
The Authority acknowledged the efforts and support of Mayor Bob Poydasheff over
the past four years in the economic development of Columbus. Upon motion made
by Fernando Verdree and seconded by Stella Shulman, the Authority adopted a
resolution of appreciation for Mayor Bob Poydasheff in the form attached hereto
as Exhibit ?H?.
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.
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.