BRUNSWICK AND GLYNN COUNTY
DEVELOPMENT AUTHORITY

MINUTES – March 23, 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
GREG CHERRY, SOUTH ATLANTIC WATER SCIENCE CENTER
BRIAN HUGHES, SOUTH ATLANTIC WATER SCIENCE CENTER
JAN MELCHER, GA QUICKSTART
ROD SAWALL, GICA
ROB BURR, GCAC
TERRA WINSLETT, GCAC
JULIE MARTIN, CITY COMMISSIONER
BILL BRUNSON, GLYNN COUNTY COMMISSINER
DALE PROVENZANO, GLYNN COUNTY COMMISSIONER
KEITH CRUSAN, ST. SIMONS BANK AND TRUST
MONICA SMITH, SIDNEY LANIER ENVIRONMENTAL ADVOCACY TEAM
PAM SHIERLING, THE ISLANDER
LINDSEY ADKISON, BRUNSWICK NEWS
I. CALL TO ORDER –Chairman Bruce Dixon

II. INVOCATION & WELCOME GUESTS – Mel Baxter gave the invocation and Chairman Bruce Dixon welcomed Brian Hughes and Greg Cherry of South Atlantic Water Science Center, Rob Burr and Terra Winslett of the Glynn County Airport Commission, Jan Melcher of Georgia Quick Start, County Commissioner Bill Brunson and Dale Provenzano, City Commissioners Julie Martin, Keith Crusan of St. Simons Bank and Trust, Rod Sawall of GICA, Monica Smith of SLEAT, Pam Shierling of the Islander and Lindsey Adkison of the Brunswick News.

III. PUBLIC COMMENT –Chairman Bruce Dixon invited public comments from the guests.

IV. NEW BOARD MEMBER OATH – Wayne Johnson – Rees Sumerford, Brunswick & Glynn County Development Authority Attorney, had Wayne Johnson take the oath as a new Board member for the remaining term to replace Mel Baxter due to his resignation in December (expiring term is 7/31/16).

AMMEND AGENDA – A MOTION was made by Cedric King, seconded by Susan Eastin and passed unanimously to amend the agenda to include consideration of a Resolution of the Brunswick and Glynn County Development Authority (the “Authority”) authorizing the issuance of its Brunswick and Glynn County Development Authority Revenue Bonds (Glynn County Multipurpose Project), QECB Taxable Series 2015A and Taxable Series 2015B (the “Series 2015 Bonds”) in the aggregate principal amount not to exceed $18,000,000.

V. COOPERATIVE WATER PROGRAM (CWP) PRESENTATION – Gregory Cherry, SAWSC (in conjunction with Joint Water and Sewer) – Greg Cherry with the South Atlantic Water Science Center gave a power point presentation of the CWP to the Board.

VI. GCAC

A. GIA FBO, Inc. Lot L & M Lease at the McKinnon St. Simons Island Airport – Rob Burr reported that the S&J SSI, LLC. Hotel Lease will require a construction of a new GIA FBO terminal. GIA FBO, Inc. has requested to lease Lot L as a temporary facility for a terminal during construction and to upgrade the Lot L Facility for a long term use as an aircraft storage hangar with allocated offices. A lease has been requested for Lot L (former Landstar Hangar) approximately 22,290 square foot at the McKinnon St. Simons Island Airport and the temporary use of Lot M has been negotiated. The lease would be a 30 year term with the option to extend an additional 10 years. The lease rental rate will total $7,792.80 with an annual adjustment. The ground rental rate will be waived during the time period that the facility is utilized as a temporary airport terminal and fixed base operator with the timeframe not to exceed twenty four months. The use will be Aviation with office space able to sublet subject to preferential aviation use. The Airport Commission recommends approval of this lease is subject to final legal review.

A MOTION was made by Susan Eastin, seconded by Cedric King and passed unanimously to approve the GIA FBO, Inc. Lease for Lot L and M at the McKinnon St. Simons Island Airport subject to legal review.

B. Approve Happy Hangar Unit 5 Owner Request for Sale – Rob Burr reported that Happy Hangar Condominium Association’s Unit 5 Owner Mr. Jim Watson has requested to sell the hangar to Mr. James Greiwe. The Happy Hangar Lease requires authorization from the Sublessor. Airport Attorney is currently reviewing the transaction and requested approval by the Airport Commission. The Airport Commission recommends approval of the purchase and sale of Unit 5 Happy Hangar to Mr. James Greiwe upon legal review.

A MOTION was made by Missy Neu, seconded by Cedric King and passed unanimously to approve the purchase and Sale of Unit 5 Happy Hangar to Mr. James and to add his wife, son and daughter to the lease subject to legal review.

VII. APPROVAL OF MINUTES

A. Approve Minutes for February 23, 2015

A MOTION was made by Missy Neu, seconded by Cedric King and passed unanimously to approve the February 23, 2015 Meeting Minutes.

VIII. FINANCIALS

A. Approve Financials – February 2015 – Dave Smith reviewed the February 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 Gulfstream expansion project was approximately 80% completed as of 2/28/15 with a completion target of 6/15/15. The Share-the-Future fund balance at the end of February was just over $445,000.

A MOTION was made by Cedric King, seconded by Susan Eastin and passed unanimously to approve the February 2015 financials.

IX. DIRECTOR’S REPORT

A. New Business Recruitment – Mel Baxter reported that the Authority received an RFP for A 10-30 acres sight for a solar project. More to come.
Mel Baxter reported that Gulfstream is set to start moving in at the end of April.
The Authority is looking to move forward with a Georgia Ready for Accelerated Development (GRAD) certification site for our 70 acre location and is working the Thomas and Hutton on the details. Mel Baxter will keep the Board apprised of the progress.
Mel Baxter met with Steve Howard, the County Administrator for Camden County, on the space board project in Camden County and will keep the Board apprised of the progress.
Mel Baxter reported on the German contingents (2 aviation and 1 shipping company) that came to tour our area. Mel Baxter also reported that 12 Foreign Consuls, representing 7 nations, are scheduled to arrive later this week for a tour of the Glynn County area. All of the groups are done in conjunction with the Savannah World Trade Center.

B. Business, Retention and Expansion (BRE) Update – John Scott

John Scott as the elected 2015 Committee Chairman for the Georgia Economic Development Association (GEDA) BRE Committee reported on the first GEDA meeting that was held in Atlanta.
John Scott reported that the CEO Reception will be held at the King and Prince on April 16th hosted by the Brunswick-Golden Isles Chamber of Commerce and will be held in conjunction with the Manufacturing Appreciation Week (April 13th – 17th) this year.
John Scott is setting up industry tours again with plans for 8-9 tours total for the year.
John Scott presented an overhead of the new website to the Board review.

X. OLD BUSINESS

A. Share the Future fund for International Auto Logistics (IAL) – Chairman Bruce Dixon reported that the IAL request for Share-the-Future grant for up to $50,000. The guidelines for the grant were previously discussed the in the October 2013 board meeting. The guidelines were for the creation of 40 new jobs with a claw back in the agreement that a minimum of 25 jobs must be maintained for the next 3 years as part of the incentive.

A MOTION was made by Cedric King, seconded by Missy Neu and passed unanimously to approve the Share-the-Future grant in the amount of $50,000 to IAL with an incentive to maintain 25 jobs for the next 3 years and subject to legal review.

XI. NEW BUSINESS

No Items to Discuss
XII. CHAIRMAN’S ITEMS

A. GICA Report – Rod Sawall reported on the Chamber meeting luncheon held at GICA with 120 in attendance. Rod Sawall updated the Board on the GICA Golf Tournament to be held on June 5th with a fashion show included. Rod Sawall also reported that GICA has an internship program with 59 companies locally that participate.

XIII. IMPORTANT DATES

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

XIV. LEGAL

A. Bond Resolution. Rees M. Sumerford, as counsel for the Authority presented to the Board the following:
A RESOLUTION OF THE BRUNSWICK AND GLYNN COUNTY DEVELOPMENT AUTHORITY (THE “AUTHORITY”) AUTHORIZING THE ISSUANCE OF ITS BRUNSWICK AND GLYNN COUNTY DEVELOPMENT AUTHORITY REVENUE BONDS (GLYNN COUNTY MULTIPURPOSE PROJECT), QECB TAXABLE SERIES 2015A AND TAXABLE SERIES 2015B (THE “SERIES 2015 BONDS”) IN THE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $18,000,000, PURSUANT TO, AND IN CONFORMITY WITH, THE CONSTITUTION AND STATUTES OF THE STATE OF GEORGIA PAYABLE SOLELY FROM THE FUNDS HEREIN PROVIDED FOR THE PURPOSE OF FINANCING ALL OR A PORTION OF THE COSTS OF THE AIRPORT PROJECT AND QECB PROJECT DESCRIBED HEREIN, CREATING A SINKING FUND TO PAY THE PRINCIPAL OF, PREMIUM ON (IF ANY) AND INTEREST ON THE BONDS AUTHORIZED HEREIN; TO PROVIDE FOR THE REMEDIES OF THE OWNERS OF THE BONDS; TO DESIGNATE AN AUTHENTICATION AGENT, A BOND REGISTRAR, A SINKING FUND CUSTODIAN, A PAYING AGENT, A FILING AGENT AND CERTAIN OTHER CUSTODIANS; PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF ADDITIONAL BONDS UNDER CERTAIN TERMS AND CONDITIONS; TO AUTHORIZE AN INTERGOVERNMENTAL CONTRACT, BETWEEN THE AUTHORITY AND GLYNN COUNTY; AND FOR OTHER PURPOSES.
He explained that the Authority would have no liability in regard to these bonds; Glynn County will have all the liability. A copy of said Bond Resolution follows these minutes.

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

XV. ADJOURN

A MOTION to adjourn was made by Susan Eastin, seconded by Cedric King and passed unanimously.
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Approved Board Meeting Submitted by:
Attachments may be viewed in the Minutes Book at the Brunswick and Glynn County Development Authority office at 1505 Richmond Street.