BRUNSWICK AND GLYNN COUNTY
DEVELOPMENT AUTHORITY

MINUTES – August 19, 2015
Chamber Large Board Room
11:30 AM

BOARD MEMBERS PRESENT
BRUCE DIXON
SUSAN EASTIN
WAYNE JOHNSON
BOARD MEMBERS ABSENT
MISSY NEU
CEDRIC KING
OTHERS PRESENT
MEL BAXTER, STAFF
DAVE SMITH, STAFF
SHERRI PRUITT, STAFF
REES SUMERFORD, COUNSEL
BEN LEE, COASTAL CPA
ROB BURR, GCAC
TERRA WINSLETT, GCAC
MAYOR HARVEY, CITY OF BRUNSWICK
JULIE MARTIN, CITY COMMISSIONER
BILL BRUNSON, GLYNN COUNTY COMMISSIONER
DALE PROVENZANO, GLYNN COUNTY COMMISSIONER
ARTIE FORD, BANK OF THE OZARKS
WOODY WOODSIDE, CHAMBER
MONICA SMITH, S.L.E.A.T.
SHAUNTIA LEWIS, HABITAT FOR HUMANITY
TIM RICHARDSON
BILL AUSTIN
PAM SHIERLING, THE ISLANDER
LINDSEY ADKISON, BRUNSWICK NEWS
I. CALL TO ORDER –Chairman Bruce Dixon called the meeting to order at 11:30am.
II. INVOCATION & WELCOME GUESTS – Dave Smith gave the invocation and Chairman Bruce Dixon welcomed guests.
III. PLEDGE OF ALLEGIANCE
IV. PUBLIC COMMENT – Chairman Bruce Dixon invited public comments from the guests.

AMMEND AGENDA – A MOTION was made by Wayne Johnson, seconded by Susan Eastin and passed unanimously to amend the agenda to include Coastal CPA Audit review and SN #77 abatement of property taxes. The MOTION carried unanimously.
V. COASTAL CPA AUDIT PROCESS REVIEW AND SN 77- Ben Lee – Ben Lee reported that the audit is 90% complete and will be ready on schedule. Ben Lee reported that last Friday the governmental accounting standards board, in charge of developing and administering all off the financial reporting standards for all state and local governments, issued Rule SN 77 which deals with disclosure of property tax and all other tax abatements. Coastal CPA will review the Rule SN 77 and the Board the specific details.
VI. GCAC

A. Skylane Spaces Amendment – McKinnon St. Simons Island Airport– Rob Burr

A MOTION was made by Wayne Johnson, seconded by Susan Eastin and passed unanimously to approve the terms with Skylane Spaces for a lease extension as presented. The MOTION carried unanimously.

B. King Sims Lease – McKinnon Simons Island Airport – Rob Burr

A MOTION was made by Susan Eastin, seconded by Wayne Johnson and passed unanimously to approve lease extension terms with Mr. Sims as presented. The MOTION carried unanimously.

C. Parcel “C” Development Proposal from Brumbach Development, Inc. – McKinnon Simons Island Airport – Rob Burr

A MOTION was made by Susan Eastin, seconded by Wayne Johnson and passed unanimously to approve the lease terms with Brumbach Development, Inc. as presented. The MOTION carried unanimously.

D. Transportation Security Administration (TSA) Lease Renewal – Rob Burr

A MOTION was made by Wayne Johnson, seconded by Susan Eastin and passed unanimously to approve the TSA Lease terms as presented. The MOTION carried unanimously.

E. Car Wash Assignment – McKinnon Simons Island Airport – Rob Burr

A MOTION was made by Susan Eastin, seconded by Wayne Johnson and passed unanimously to approve the Lease Assignment from Earl d. Buckner to Kevin A. Pearce as presented. The MOTION carried unanimously.

F. Ernie Knight Sell Happy Hangar Unit A-1 to Mike Dunn – Rob Burr

A MOTION was made by Wayne Johnson, seconded by Susan Eastin and passed unanimously to approve the transfer of the lease of Happy Hangar Unit A-1 from Ernie Knight to Mike Dunn as submitted subject to legal review subject to legal review. The MOTION carried unanimously.

VII. APPROVAL OF MINUTES
Approve Minutes for July 29, 2015

A MOTION was made by Susan Eastin and seconded by Wayne Johnson to approve the July 29, 2015 Meeting Minutes. The MOTION carried unanimously.
VIII. FINANCIALS

Approve Financials – July 2015 – Dave Smith reviewed the July 2015 financial statements. The balance sheet reflects a drawdown of $93,000 of total funds as the result of continuing construction of the new MRO hangar. Dave Smith reported the Audit report is scheduled to be complete and ready for presentation at the October board meeting. The Share-the-Future fund balance is at the end of July was approximately $447,000.

A MOTION was made by Susan Eastin, seconded by Wayne Johnson to approve the July 2015 financials. The MOTION carried unanimously.
IX. DIRECTOR’S REPORT

New Business Recruitment – Mel Baxter reported on the following:

• Upcoming Glynn County Community Presentation event in Atlanta at the Georgia Resource Center. More to come.
• Mel Baxter reported that Congressman Carter down last week to tour new airport area.
• Mel Baxter and Woody Woodside attended the wetland meeting coordinated by Trip Tollison from Savannah EDA in Midway Georgia More to come.
• Mel Baxter, Jay Roberts – Project Manager of Georgia DOT, Ann Purcell – Board Member for Georgia DOT and Alan Ours, met to discuss current transportation projects scheduled for Glynn County. More to come.
• Energiya closing on August 22nd and work will begin.
• Mel Baxter will be meeting with Bart Gobeil, COO Economic Development Director/ State of Government Affairs for the Port of Georgia on Thursday. More to come.
X. CHAIRMAN’S ITEMS

Chairman Bruce Dixon reported that Glynn County Airport Commission is forming an audit committee of three people consisting of two GCAC board members and one EDA board member. Chairman Bruce Dixon asked Wayne Johnson to represent the EDA and he has accepted.

Mayor Harvey reported that the new City Manager, James “Jim” Drumm started this week and will be introducing himself to the community in the weeks to follow.

Mel Baxter reported on the wetlands issues facing Glynn County and the funding of $15,000 month for Georgia. The Authority will consider contributing from the Share-the-Future fund.

Mel Baxter reported on a meeting he attended in Richmond Hill where representatives from all the Coastal Counties of Georgia and South Carolina met to discuss the current wetland issues facing coastal properties. As a result of the meeting, a coalition has been formed to bring these issues to the attention of our federal elected officials in an effort to modify some of the wetland rules that are adversely affecting economic development efforts. Funding will be needed to support this effort. The Authority will consider supporting this effort by contributing $15,000.

In order to facilitate the renewal of Gulfstream’s existing facilities lease and make approximately $1,400,000 of improvements, a new loan from SunTrust Bank is needed. To insure a low, fixed rate interest rate for this loan, the Authority needs to enter into a SWAP agreement with SunTrust Bank.

A MOTION was made by Susan Eastin, seconded by Wayne Johnson and passed unanimously to approve the authorization of a Resolution authorizing the Authority to enter into a SWAP loan agreement with SunTrust for the Gulfstream lease renewal for additional improvements. The MOTION carried unanimously.
XI. IMPORTANT DATES

Development Authority Board Meeting – 11:30, Monday, September 28th, 2015
XII. LEGAL

Closed Session – Real Estate
A MOTION was made by Wayne Johnson, seconded by Susan Eastin and passed unanimously to enter Closed Session to discuss Real Estate items pursuant to OCGA Section 50-14-3(b)(1)(B).

A MOTION to return to Open Session was made by Wayne Johnson, seconded by Susan Eastin. The MOTION carried unanimously.
XIII. ADJOURN

A MOTION to adjourn was made by Wayne Johnson, seconded by Susan Eastin. The MOTION carried unanimously. The meeting adjourned at 1:00.
__________________ _____________
Approved Board Meeting
Chairman Bruce Dixon

Attest:
_______________________________ _____________
Sherri Pruitt
Office Coordinator
Brunswick and Glynn County Development Authority

Attachments may be viewed in the Minutes Book at the Brunswick and Glynn County Development Authority office at 1505 Richmond Street.