BRUNSWICK AND GLYNN COUNTY
DEVELOPMENT AUTHORITY

MINUTES – June 22, 2015
Chamber Large Board Room
11:30 AM

BOARD MEMBERS PRESENT
BRUCE DIXON
CEDRIC KING
MISSY NEU
SUSAN EASTIN
WAYNE JOHNSON

BOARD MEMBERS ABSENT

OTHERS PRESENT
MEL BAXTER, STAFF
DAVE SMITH, STAFF
JOHN SCOTT, STAFF
SHERRI PRUITT, STAFF
REES SUMERFORD, COUNSEL
ROB BURR, GCAC
TERRA WINSLETT, GCAC
ALAN OURS, GLYNN COUNTY ADMINISTRATOR
WOODY WOODSIDE, BRUNSWICK-GLYNN COC
ROD SAWALL, GICA
JASON HODGES, GILBERT HARRELL
KEITH CRUSAN, ST. SIMONS BANK AND TRUST
SUE CANSLER, GLYNN VISUAL ARTS
JOHN BAUSER, GLYNN VISUAL ARTS
CONSTANCE RIGGINS, GLYNN ENVIRONMENTAL COALITION
DAVID MANNING, MANNING AVIATION
ROOSEVELT HARRIS, BRUNSWICK JOB CORP
MEL GAINES, BRUNSWICK JOB CORP
JULIE MARTIN, CITY COMMISSIONER
BILL BRUNSON, GLYNN COUNTY COMMISSINER
RICHARD STRICKLAND, GLYNN COUNTY COMMISSIONER
DALE PROVENZANO, GLYNN COUNTY COMMISSIONER
MONICA SMITH, SIDNEY LANIER ENVIRONMENTAL ADVOCACY TEAM
MEGAN DESROSIERS, ONE HUNDRED MILES
KELLY PATTON, ONE HUNDRED MILES
PETE SNELL, COASTAL PINES TECHNICAL COLLEGE
PAM SHIERLING, THE ISLANDER
DONNA STILLINGER, BRUNSWICK NEWS

I. CALL TO ORDER –Chairman Bruce Dixon called the meeting to order at 11:30am.

II. INVOCATION & WELCOME GUESTS – Alan Ours gave the invocation and Chairman Bruce Dixon welcomed guests.

AMMEND AGENDA – A MOTION was made by Wayne Johnson, seconded by Missy Neu and passed unanimously to amend the agenda to include selection of auditor for the Brunswick and Glynn County Development Authority. The MOTION carried unanimously.

III. PLEDGE OF ALLEGIANCE

IV. PUBLIC COMMENT – Monica Smith spoke to the Board and guests regarding property records and deeds not recorded in our County. The total deeds unrecorded were at 190 and are currently at 70. Monica Smith reported that the Development Authority and the DOT jointly own the Andrews Island property and the Authority may want to look into this.

V. ONE HUNDRED MILE – Megan Desrosiers and Commissioner Julie Martin gave a presentation along with handouts to give details as to the mission and goals are for their organization.

VI. BRUNSWICK JOB CORP CENTER – Roosevelt Harris and Mel Gaines gave a presentation along with handout to educate the community on the benefits and accomplishments of the job corp for our community.

VII. GCAC

A. Award Contract for Glynn County Airport Commission Audit Services – Robb Burr reported that Commissioner Houseman and staff met to review and evaluate the responses for the advertised request for qualifications for audit services. Responses were received from three firms: Coastal CPAs, LLC, Karp Ronning & Tindol and Mauldin & Jenkins. Each response was evaluated and rated based on the criteria set forth in the request. The most responsive proposal was determined to be Karp Ronning & Tindol. However, all firms are determined to be qualified. The Glynn County Airport Commission approved to award the audit services to Coastal CPA’s.

A MOTION was made by Wayne Johnson, seconded by Cedric King and passed unanimously to approve audit services proposal from Coastal CPA’s to provide audit services to the Glynn County Airport Commission for Fiscal Year 14/15 and optionally for Fiscal Years 15/16 and 16/17 for a total amount not to exceed $43,295. Additionally, authorize the Executive Director to execute the engagement letter for FY 14/15 and request approval from the Brunswick and Glynn County Development Authority. The MOTION carried unanimously.

B. Glynn County Airport Commission Proposed Budget for FY 15/16 – Rob Burr reported that the FY 15/16 Airport Commission Budget reflects a conservative, balanced budget of revenues, operating expenses and capital expenses. Total Revenues of $2,895,105 for FY 15/16 are projected to increase 16% over the previous revenue budget approved for FY 14/15. Total operating expenses of $2,643,437 are projected to increase by 11% over the previous operating budget approved for FY 14/15. Local contributions for capital projects and lease purchases total $251,668.

A MOTION was made by Cedric King, seconded by Wayne Johnson and passed unanimously to approve the Glynn County Airport Commission 15/16 Fiscal Year Budget including the updated Rates & Fees Schedule and Staff organizational chart (Provided Separately). The MOTION carried unanimously.

C. Approve Capital Budget Amendment No. 1 for FY 14/15 – Rob Burr reported that the process for updating capital project costs is initially based on estimates from the Airport Commission CIP plan. This amendment includes updated cost allocations based on estimates received from engineers, and reallocation of funds from the County and the Development Authority for East and North expansion projects. The original budget included $3,458,840 of expenses, of which $103,711 was funded by the Airport Commission. This amendment includes $1,097,249 dollars of spending, of which $61,494 is funded by the Airport Commission. The amendment returns $42,217 of previously appropriated capital funds to reserves.

A MOTION was made by Missy Neu, seconded by Susan Eastin and passed unanimously to approve the capital budget Amendment No. 1 to update approved capital expenses for FY 14/15. The MOTION carried unanimously.

D. Fifth Amendment to the Original Gulfstream Aerospace Corporation Lease – Rob Burr reported that Gulfstream Aerospace Corporation executed a lease document in 2000 which contained extension options. Gulfstream timely informed the Glynn County Airport Commission as well as the Development Authority that is intended to renew its current lease for another five-year term and that they desired to amend the document so as to provide for additional capital improvements to the premises. The capital improvements are financed by the Development Authority and repaid by Gulfstream by way of additional rent. The 2015 amendment will (1) proved for CPI and other rent adjustments (2) add tract 6 and (3) add additional extension options.

A MOTION was made by Wayne Johnson, seconded by Cedric King and passed unanimously to approve the Fifth Amendment to the original Gulfstream Aerospace Corporation lease as presented. The MOTION carried unanimously.

E. Manning Aviation Sublease Gulfstream Aerospace Corporation – Rob Burr reported that Manning Aviation currently subleases a portion of the FBO facility to Gulfstream, Building E and has requested an extension to that agreement. Airport staff and legal have reviewed the sublease agreement to be executed by manning and Gulfstream and find it acceptable. Gulfstream does desire to sublease the premises from Manning lease is amended or restated, the sublease with Gulfstream will be address as well.

A MOTION was made by Cedric King, seconded by Missy Neu and passed unanimously to approve the Manning Aviation sublease with Fulfstream Aerospace as presented. The MOTION carried unanimously.

VIII. APPROVAL OF MINUTES

A. Approve Minutes for May 26, 2015

A MOTION was made by Susan Eastin and seconded by Wayne Johnson to approve the May 26, 2015 Meeting Minutes. The MOTION carried unanimously.

B. Approve Called Minutes for June 1, 2015

A MOTION was made by Cedric King and seconded by Susan Eastin to approve the June 1, 2015 Meeting Minutes. The MOTION carried unanimously.

IX. FINANCIALS

A. Approve Financials – May 2015 – Dave Smith reviewed the May 2015 financial statements. Dave reported that the cash portion of the balance sheet reflected the on-going drawdown of funds from the Gulfstream loan proceeds as construction of the new MRO Hangar continues. The Share-the-Future fund balance is currently approximately $425,000.

A MOTION was made by Susan Eastin, seconded by Cedric King to approve the May 2015 financials. The MOTION carried unanimously.

B. Approve 2015-2016 EDA Budget – Dave Smith reviewed the EDA Budget with the Board.
A MOTION was made by Cedric King, seconded by Wayne Johnson to approve the 2015-2016 Budget as presented. The MOTION carried unanimously.

C. EDA Auditor Selection – Chairman Bruce Dixon

A MOTION was made by Cedric King, seconded by Wayne Johnson to approve Coastal CPA’s to provide audit services to the Brunswick and Glynn County Development Authority. The MOTION carried unanimously.

X. DIRECTOR’S REPORT

A. New Business Recruitment – Mel Baxter reported on the following:

• The Authority is preparing for a visit from 8 of the State Project Managers as part of the JDA group.
• There is a business planning to expand to Glynn County with a total of 20 jobs for the community. More to come.
• Spoke with Public Service Commission regarding joint application between Brantley and Glynn County for gas services to be extended along Highway 82 in Glynn County. The application has been submitted.
• Mel Baxter and John Scott attended the World Trade Center seminar on International Trade at the CCGA. The event was well attended.
• Mel Baxter, John Scott, Dave Smith and Chuck Scragg are putting together a new basic set of Incentives together and will keep the Board apprised of the progress.
• Met with the Georgia Capital Association concerning possible downtown investments and looking into several areas and partnerships. More to come.
• Mel Baxter, John Scott and Chuck Scragg attended the monthly GEDA meeting in Atlanta.
• Review the summary of Chuck Scragg’s report (Attachment 1).

B. Business, Retention and Expansion (BRE) Update – John Scott reviewed the hand out to the Board detailing Industry visits and upcoming visits next month, unique services, special events and new expansions.

C. Communications Update – John Scott reported various announcements shared on the web page and social media outlets. He also sent out newsletter e-blast to the community.

Commissioner Dale Provenzano announced that the Canal Crossing contract will be executed today and development will begin tomorrow. There will be over 400,000 square feet of retail space with Sam’s Warehouse as one of the anchor stores for the site.

XI. OLD BUSINESS

A. Discussion of Strategic Plan Goals for 2016-2020 – Missy Neu gave a report with focus on 12 key areas in the Authority’s Strategic Plan Goals. Missy Neu will keep the Board apprised of the progress..

XII. NEW BUSINESS

A. Glynn Visual Arts Sponsorship Approval – John Bauser and Sue Cansler of the Glynn Visual Arts gave on overhead presentation of the mission and goals are for their organization and request sponsorship from our Board.

A MOTION was made by Cedric King, seconded by Wayne Johnson to approve sponsorship of Glynn Visual Arts requiring submission by the Development Authority by way of a MOU with Glynn Visual Arts. The MOTION carried unanimously.

B. Establish Finance Committee – Chairman Bruce Dixon requested Wayne Johnson and Wayne agreed to join him on the Finance Committee needed for joint land swap agreements and other financial issues that may come up.

XIII. CHAIRMAN’S ITEMS

A. GICA Update from Rod Sawall – Rod Sawall reported that the Golf Tournament on June 5th went well. Rod Sawall also reminded the Board that the two students from GICA that qualified for the finalist on a National Level for Precision Machine will be heading to Louisville Kentucky next week.

XIV. IMPORTANT DATES

A. Development Authority Board Meeting – 11:30, Monday, July 27th, 2015

XV. LEGAL

A. Bond Resolution. Rees M. Sumerford, as counsel for the Authority presented to the Board the following:
A BOND RESOLUTION AUTHORIZING THE ISSUANCE OF THE BRUNSWICK AND GLYNN COUNTY DEVELOPMENT AUTHORITY TAXABLE INDUSTRIAL DEVELOPMENT REVENUE BOND (SOLAR GLYNN LLC PROJECT), SERIES 2015, IN A MAXIMUM PRINCIPAL AMOUNT OF $30,000,000, TO PAY OR REIMBURSE THE COSTS OF ACQUIRING A CAPITAL PROJECT TO BE LEASED TO SOLAR GLYNN LLC FOR USE AS A SOLAR PHOTOVOLTAIC ELECTRICITY GENERATION SYSTEM; PROVIDING FOR THE FORM OF SUCH BOND, FOR ESTABLISHING THE TERMS OF SUCH BOND, AND FOR THE RIGHTS AND REMEDIES OF THE HOLDER OF SUCH BOND; AUTHORIZING THE VALIDATION AND SALE OF SUCH BOND; APPROVING AND AUTHORIZING THE EXECUTION OF A LEASE AND A GROUND LEASE AND OTHER DOCUMENTS RELATING TO SUCH BOND AND FOR OTHER PURPOSES.
He explained that the Authority would have no liability in regard to these bonds; Solar Glynn LLC, will have all the liability. A copy of said Bond Resolution, together with supporting documents, follows these minutes.

A MOTION was made by Missy Neu, seconded by Cedric King, and passed unanimously to adopt said Bond Resolution and to authorize, upon review by counsel, the officers of the Authority and counsel for the Authority to execute all necessary documents to effectuate the closing of bonds as presented.

XVI. ADJOURN

A MOTION to adjourn was made by Cedric King, seconded by Wayne Johnson. The MOTION carried unanimously. The meeting adjourned at 2:00.

_______________________________ _____________
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.

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