Exhibit A
MINUTES OF THE MEETING OF THE
DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA
June 7, 2007
MEMBERS PRESENT
Billy Blanchard, Carmen Cavezza, Dick Ellis, Bob Gilson, Stella Shulman,
Fernando Verdree
MEMBERS ABSENT: Allen Taber
ALSO PRESENT
David Arrington, Richard Bishop, Mike Gaymon, Becca Hardin, Joe Johnson, Gary
Jones, Lindsay Levine, Dayton Preston, Brian Sillitto, Ed Sprouse, Clint
Taylor, Jim Wetherington, Chuck Williams, 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 June
7, 2007 meeting to order.
MINUTES
Upon motion made by Dick Ellis and seconded by Fernando Verdree, the Authority
unanimously approved the minutes of the May 3 and 15, 2007 meetings hereto
attached as Exhibit ?A?.
FINANCIAL REPORT
Fernando Verdree reported that the reports were prepared before receiving
monthly bank statements. Upon motion made by Stella Shulman and seconded by
Billy Blanchard, the Authority unanimously approved the May 2007 Financial
Report which is attached hereto as Exhibit ?B?.
PROPERTY
Dayton Preston reported that the State has selected MTP to put on the list of
certified parks. Joe Johnson reported on the status of the Eastern Connector.
The City should begin to purchase property soon for the phase from Chattsworth
Road to Hwy 80 (Macon Road). It is anticipated that construction will begin
about June 2008. The plans for Mutec Drive widening have changed. At present,
there will be divided intersections at 3 sites along the road ? Woodruff Farms
Rd and Mutec Drive, Aflac Way and Mutec Drive, and Cargo Drive and Transport
Blvd. It is anticipated that work will begin by end of summer. Both
associations of CRIP and CEIP have been contacted about possibility of
combining parks. One issue is that of association dues which are different for
the parks. Discussion took place on what would be required to combine the
parks. It was suggested that the name be business park rather than industrial
park. Both associations will meet to discuss this. The new signage proposal
refers to Corporate Ridge only. Upon motion made by Dick Ellis and seconded by
Carmen Cavezza, the Authority unanimously authorized the consolidation of
Corporate Ridge Industrial Park and Columbus East Industrial Park into one park
to be named Corporate Ridge Business Park.
OLD BUSINESS
Dick Ellis gave an update on the signage. It appears that there will be better
pricing. The project will be proposed as a 5-year project. The subcommittee
will make some recommendations at the next meeting.
NSA project ? Upon motion made by Dick Ellis and seconded by Stella Shulman,
the Authority unanimously approved the note so National Security Association
can get its SBA package.
NEW BUSINESS
none
LEGAL ISSUES
1. Upon motion made by Fernando Verdree and seconded by Dick Ellis, the
Authority approved with Stella Shulman abstaining the Bond Resolution for AFCO
Lodges-Columbus LLC in the total amount of $8,800,000 with one bond of up to
$6,600,000 secured by letter of credit and one bond of $2,200,000 non-secured
in the form attached hereto as Exhibit ?D?
2. Upon motion made by Stella Shulman and seconded byDick Ellis, the Authority
unanimously approved the Bond Resolution for Grove Park Apartments in the
amount of $17,000,000 in the form attached hereto as Exhibit "E".
3. Upon motion made by Dick Ellis and seconded by Billy Blanchard, the
Authority unanimously authorized the lease agreement and all documents in
connection to the MAC Properties project (bond resolution in the amount of
$1,785,000 previously approved) in the form attached hereto as Exhibit ?F?.
4. Upon motion made by Dick Ellis and seconded by Fernando Verdree, the
Authority approved with Stella Shulman abstaining agrees to the transfer of the
leasehold interest by Columbus Park Crossing (Delaware) LLC to another entity
in the form attached hereto as Exhibit ?G?.
5. Upon motion made by Stella Shulman and seconded by Billy Blanchard, the
Authority unanimously amended the Inducement Resolution for the Cessna Aircraft
Company to increase the amount from $14,000,000 to $24,000,000 in the form
attached to hereto as Exhibit ?H?.
6. Upon motion made by Stella Shulman and seconded by Fernando Verdree, the
Authority unanimously authorized the Intergovernmental Agreement between the
Development Authority of Columbus, Georgia and the Consolidated Government of
Columbus, Georgia to receive funds from the Georgia Department of
Transportation for the Mutec Drive project in the form attached hereto as
Exhibit ?I?.
ECONOMIC DEVELOPMENT UPDATE
Becca Hardin reviewed some items in her report which is attached as Exhibit
?C?. Dates to remember are June 19th at 2:00pm is the Aflac ribbon cutting,
and July 25th at 10:00am. There are 32 active projects. Recently, Janeen
Tucker, Gary Jones and Becca went to Huntsville to visit some defense industry
companies. Becca gave a presentation on this visit. Discussion took place.
Sam Wellborn has been extremely supportive with the Mutec Drive project. The
Authority expressed its sincere thanks for his continuing support.
Since the next regular meeting date is July 5th, a survey will be done to
determine a meeting date for July. Stella Shulman commented that the article
in the recent issue of Georgia Trend on Columbus was a great marketing tool for
Columbus.
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.