Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
April 13, 2006
MEMBERS PRESENT
Billy Blanchard, Dick Ellis, Bob Gilson, Stella Shulman, Allen Taber, Jimmy
Yancey
MEMBERS ABSENT
Fernando Verdree
ALSO PRESENT
David Arrington, Averett Davis, Mike Gaymon, Becca Hardin, Isaiah Hugley, Joe
Johnson, Gary Jones, Seiko Kabumoto, Dayton Preston, Joe Sanders, Brian
Sillitto, Ed Sprouse, Rita Lusk
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 April
13, 2006 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority
unanimously approved the minutes of the March 2, 2006 meeting hereto attached
as Exhibit ?A?.
FINANCIAL REPORT
The report was reviewed. Upon motion made by Dick Ellis and seconded by Jimmy
Yancey, the Authority unanimously approved the March 2006 Financial Report
which is attached hereto as Exhibit ?B?.
ECONOMIC DEVELOPMENT UPDATE ? attached as Exhibit ?C?
Becca Hardin introduced Gary Jones who has been hired as Sr VP Military
Affairs/ED. Becca updated the members on the Kia project which is now focused
on suppliers. Our approach is proactive and visits have been made to Hyundai
in Montgomery and with the state lead project manager. The groundbreaking will
be rescheduled but construction plans are proceeding. Waggoners Trucking has
partnered with Glovis to do the last detailing (such as putting in manuals,
floor mats, etc.) on the Hyundai cars being produced in Montgomery here in
Columbus.
Brian Sillitto gave update on the following projects: 1) Suzukaku is a project
of $6M capital investment and 50 jobs over 5 years, looking at Parcel 13 in
MTP; considering 2 sites in Georgia; 2) Fed Ex Ground ? currently has 5 FT
employees, 30 PT and 26 FT contractors, by 2011 expect to have 14 FT, 104 PT
and 60 FT contractors; considering 13-acre site behind Pace building for a
60,000 sf building; also looking at a Phenix City site; CEDC is aware that Pace
bond ends in September; 3) Tom?s Food ? Lance purchased with real and personal
assets placed into Columbus Capital LLC, one issue is cost of utilities, can
boundaries of EZ be extended to include facility, could be expansion of $15M
and 100 jobs for 1 shift or more over 3 years, one option would cease
production of peanut butter items, asking for some roads to be closed;
Becca spoke about the OneGeorgia Grants ? had official awarding of the $500,000
grant for the Talbot County Industrial Park and received written approval for
the $336,000 grant for Road Amercia
PROPERTY
Dayton Preston reported that JJ&G has submitted an Agreement for Consulting
Services regarding the widening of Mutec Drive for consideration by the
Authority. Joe Johnson spoke to the details of the widening project with an
estimated cost of construction of $3.5M. Upon motion made by Jimmy Yancey and
seconded by Dick Ellis, the Authority unanimously approved signing the
Agreement for Consulting Services with Jordan Jones & Goulding for widening
Mutec Drive for the lump sum of $405,803 as attached hereto as Exhibit ?D?.
OLD BUSINESS
none
NEW BUSINESS
none
LEGAL ISSUES
1. Upon motion made by Dick Ellis and seconded by Jimmy Yancey, the Authority
unanimously approved the Inducement Resolution for the Vista Bakery Project for
up to $50,000,000 for the acquisition of property and new equipment in the form
attached hereto as Exhibit "E".
2. Upon motion made by Stella Shulman and seconded by Allen Taber, the
Authority unanimously approved the Refunding of the Cascade Hotel Bond Issue
for Hilton Garden Inn in the amount of $10,000,000 in the form attached hereto
as Exhibit "F".
3. Upon motion made by Billy Blanchard and seconded by Stella Shuman, the
Authority unanimously approved the Inducement Resolution in the amount of
$20,000,000 for Greystone Falls Project which is a proposed 214-unit apartment
complex off Williams Road in the form attached hereto as Exhibit "G".
4. Upon motion made by Jimmy Yancey and seconded by Stella Shulman, the
Authority unanimously approved the Inducement Resolution for Goldens? Foundry
Project in the amount of $3,500,000 in the form attached hereto as Exhibit "H".
5. Upon motion made by Jimmy Yancey and seconded by Stella Shulman, the
Authority unanimously agreed to acquire the Cauthern Family property of 3 acres
on Blanchard Boulevard and to lease to Waggoner's Trucking in the form attached
hereto as Exhibit "I".
6. Upon motion made by Dick Ellis and seconded by Jimmy Yancey and unanimously
approved by the members of the Authority, the Authority was called into
Executive Session to discuss an ongoing litigation matter and the acquisition
of property.
7. Upon motion made by Dick Ellis and seconded by Jimmy Yancey and unanimously
approved by the members of the Authority, the Authority was called out of
Executive Session.
8. Upon motion made by Dick Ellis and seconded by Stella Shulman, the Authority
(i) approved the execution of a Memorandum of Agreement (?MOA?) in the form
attached hereto as Exhibit ?J? with Panasonic Battery Corporation of America to
acquire 6.15 acres property owned by Panasonic in exchange for 5.5 acres of
property adjacent to the Panasonic property to be acquired by the Authority,
and if Panasonic expands within 5 years, then for the Authority to provide a
rough graded site, and (ii) authorized the execution and delivery of such other
documents and agreements as are necessary to consummate the transactions
contemplated by the MOA.
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.