BRUNSWICK AND GLYNN COUNTY DEVELOPMENT AUTHORITY
MINUTES – June 23, 2014
Chamber Large Board Room
11:30 AM

BOARD MEMBERS BOARD MEMBERS OTHERS PRESENT
PRESENT ABSENT
MEL BAXTER CHUCK SCRAGG, STAFF RON ROBERTS DAVE SMITH, STAFF
CEDRIC KING JOHN SCOTT, STAFF
BRUCE DIXON SHERRI PRUITT, STAFF
MISSY NEU REES SUMERFORD, COUNSEL
KAYLEIGH McCRARY, INTERN FOR EDA
ROB BURR, GCAC
TERRA WINSLETT, GCAC
BILL WEEKS, CITY MANAGER
BILL ALLSTON
JIM BISHOP, BISHOP LAW FIRM
ALAN OURS, COUNTY ADMINISTRATOR
DALE PROVENZANO,
GLYNN COUNTY COMMISSION
CLYDE TAYLOR,
GLYNN COUNTY COMMISSION
RICHARD STRICKLAND,
GLYNN COUNTY COMMISSION
LINDSEY ATKINSON, BRUNSWICK NEWS
PAM SHIERLING, SAINT SIMONS ISLANDER
I. CALL TO ORDER – Chairman Baxter

II. INVOCATION
WELCOME GUESTS – Mr. Smith gave the invocation and Chairman Baxter welcomed Ms. McCrary, Mr. Burr and Ms. Winslett of the Glynn County Airport Commission, Commissioner Provenzano, Commissioner Taylor and Commissioner Strickland of the Glynn County Commission, City Manager Mr. Weeks, County Administrator Mr. Ours, Mr. Bishop of Bishop Law Firm, Mr. Allston, Ms. Sheirling of the Saint Simons Islander and Ms. Atkinson of the Brunswick News.

III. GCAC

A. Pinson Investments, LLC Request for Lease at the McKinnon St. Simons Island Airport – Mr. Burr reported that Pinson Investments, LLC., has requested to enter into a new ground lease for the hangar currently leased to Ben Cart, Cart Investments at the Mckinnon St. Simons Island Airport. The parcel is 16,500 square feet with a rental rate of $467.50 per month totaling $5,610 annually, to include an annual CPI-U adjustment. The lease terms proposed are from June 1, 2014 to May 31, 2044 for a 30 year lease. Pinson Investments proposes to complete repairs and updates to the facility to total approximately $18,500. The Cart Investment Lease will be terminated. Mr. Burr and the GCAC recommend approval.

A MOTION to approve the request from Pinson Investments, LLC for lease and the termination of the Cart Investment Lease as submitted was made by Mr. Dixon, seconded by Mr. King and passed unanimously.

B. Manning Aviation Inc. Request to Lease at the Brunswick Golden Isles Airport – Mr. Burr reported that Manning Aviation has requested to Lease Lot 2, approximately 9,817.5 square foot parcel at the Brunswick Golden Isles Airport to (BGIA) construct an aviation hangar. Proposed is a 30 year lease with two 5 year options, an annual rate of $3,337.95 and annual CPI-U adjustments. Manning Aviation to spend approximately $250,000 for the 80 x 80 facility which will be built to withstand 140 mph winds as per Airport Commission policy for an additional 10 year term. The GCAC will reserve the right to relocate the facility to another location at the BGIA consistent with the Airport Master Plan. Engineer stamped plans have been received by Airport Commission staff. Mr. Burr and the GCAC recommend approval of the Manning Aviation request to lease with the above terms.

A MOTION to approve the Manning Aviation request to lease with terms as submitted, subject to review after counsel following response from Manning was made by Ms. Nue, seconded by Mr. Dixon and passed unanimously.

C. Approve Rich Products Lease Amendment No. 2 and Memo of Understanding (MOU) – Mr. Burr reported Rich Products has requested to amend their current lease to include a revised lease premises and extended term. The Brunswick and Glynn County Development Authority in conjunction with the GCAC staff have negotiated the following terms. The lease proposed will extend the Rich Products lease term including all options to end on June 30, 2039. Revision to lease premises to include a total of 3.0016 acres, which releases a total of 3.1688 acres to GCAC to re-lease at current market rates. Rate structure will be revised to reflect the remaining premises of the lease with a formula incorporating the anticipated annual CPI-U adjustment which is incorporated in the formula through the entire term. Creating a standard lease rate of $26,073 WILL REPLACE THE CURRENT RATE OF $15,059. In addition, Rich Products proposes to build a storage facility on a portion of the remaining lease premises. Mr. Burr and the GCAC recommend approval of the Rich Products Lease Amendment No. 2 and MOU.

A MOTION to approve the Rich Products Lease Amendment No. 2 and MOU as submitted was made by Mr. King, seconded by Mr. Roberts and passed unanimously.

IV. APPROVAL OF MINUTES

A. Approve Minutes for June 2, 2014

A MOTION was made by Mr. Roberts, seconded by Mr. King and passed unanimously to approve the June 2, 2014 Meeting Minutes.

V. FINANCIALS

A. Approve Financials – May 2014 – Mr. Smith reviewed the May 2014 financial statements. Mr. Smith reported that the Gulfstream Loan proceeds and Note Payable were reflected in May’s Balance Sheet ($26,000,000). Mr. Smith noted the final payment for the Airport Audit was paid. The remaining financial details for May were standard. The Share-the-Future fund balance at the end of May was approximately $369,000.

A MOTION was made by Mr. Roberts, seconded by Mr. King and passed unanimously to approve the May 2014 financials.

VI. DIRECTOR’S REPORT

A. New Business Recruitment – Mr. Scragg reported on two inquiries including an advanced manufacturing company that would bring 240 jobs to our community. Mr. Scragg with keep the board apprised of the progress.

B. Retention and Expansion Update – Mr. Scott updated the Board on the progress with retention and expansion of current businesses. Mr. Scott reminded the Board that the next MRT will be held at the Chamber on June 26th. Mr. Scott reported the Industry Appreciation is this week as well with tours continuing. Ms. McCrary reported on the Authority’s increase in social media and more to come with personnel imaging from internal staff in progress.

C. Updates on Properties – Mr. Smith reported that the land swap agreement between SLF IV – Ga Altama, llc and the Brunswick and Glynn County Development Authority is complete and the Authority is currently awaiting Shupe Survey’s final plat to be submitted by the Authority. Mr. Scragg reported that the Authority would like to make the property a GRAD (Georgia Ready for Accelerated Development) ready site.

Mr. Scragg reported that the ODI 2 site at the northeast end of the airport has wetlands that must be flagged and Shupe Survey will complete the survey and the Authority will then submit it to the Core of Engineers.

D. Economic Development Forum Update, Scheduled for August 28th, 2014 – Mr. Scragg that the Economic Development Forum will be held at GICA (Golden Isles Career Academy) on August 28th starting at 7am with just over 100 guest invited. The forum will begin with breakfast from 8-9 with a panel discussion from 9:15-to 10:15. Chris Clark, President and CEO of the Georgia Chamber of Commerce, will follow with a discussion on Glynn County and where we are heading with the forum concluding around 1:00pm.

E. Board Application Update – Mr. Scragg reported that the Board has narrowed the final candidates down to three candidates. Once the Board selects a candidate, the recommendation will go to the County and City Commission for approval.

F. Report on Presentation to County Commission – Mr. Scragg presented an overhead of to the board of our industrial parks as well as other state industrial parks. The presentation was shared with the County Commission and highlighted our Industrial Park to the surrounding industrial parks and the need for infrastructure to be competitive with our surrounding communities.

VII. OLD BUSINESS

A. OneGA Fire Suppression Grant Update – Mr. Smith reported that the OneGa project is winding down and is at approximately 99% complete. Mr. Smith will keep the Board apprised of the progress.

B. Gulfstream Expansion Update – Mr. Smith reported that Gulfstream expansion is preparing for construction and grading. The general contractor for the project is Haskell and groundbreaking is expected in June with a completion date of May 2015.

C. Minority Lending Initiative – Lisa Williams Agenda – Mr. Scragg reported Lisa Williams Agenda will be coming to our community tomorrow, June 24th to meet with our locally elected officials to access the needs for funding of minority initiative in our community. Mr. Scragg with keep the Board apprised of the progress.

D. 2013-2014 Budget Approval – Mr. Smith reviewed the 2013-2014 budget with the Board noting the minor changes made and a 2 ½% growth overall.

A MOTION was made by Mr. Dixon, seconded by Mr. King and passed unanimously to approve the 2013-2014 Budget as presented.

VIII. NEW BUSINESS

A. Amendment to FLETC Housing Lease – Mr. Smith reported on housing lease amendments that FLETC has requested. The amendments would be for some additional hot water capacity to the three housing facilities projects and the best and most efficient way for them to make the changes is via a series of lease amendments to each of the three leases. The work will be carried out in two parts: 1) Design and engineering work, and 2) the actual plumbing and associated work itself. Mr. Smith reviewed the revisions and recommends approval.

A MOTION was made by Mr. Kings, seconded by Ms. Neu and passed unanimously to approve the amendments as submitted subject to review by Counsel.

IX. CHAIRMAN’S ITEMS

No items to discuss

X. IMPORTANT DATES

A. Development Authority Board Meeting – 11:30, Monday, July 28th, 2014

XI. LEGAL

A. Closed Session – Purchase and Sales of Real Estate, Personnel, Potential Litigation

No Items to Discuss

XII. ADJOURN

A MOTION to adjourn was made by Ms. Dixon, seconded by Mr. Roberts 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 4 Glynn Avenue.