BRUNSWICK AND GLYNN COUNTY

DEVELOPMENT AUTHORITY

MINUTES – September 22, 2014
Chamber Large Board Room
11:30 AM

BOARD MEMBERS PRESENT
BRUCE DIXON
MEL BAXTER
CEDRIC KING
SUSAN EASTIN

BOARD MEMBERS ABSENT

MISSY NEU

OTHERS PRESENT
CHUCK SCRAGG, STAFF
DAVE SMITH, STAFF
SHERRI PRUITT, STAFF
REES SUMERFORD, COUNSEL
TERRA WINSLETT, GCAC
JEFF JONES, REPRESENTATIVE ELECT
BILL WEEKS, CITY MANAGER
ALAN OURS, COUNTY ADMINISTRATOR
DALE PROVENZANO, GLYNN COUNTY COMMISSION
ALAN BOOKER, GLYNN COUNTY COMMISSION
JR STAMBAUGH, GLYNN COUNTY COMMISSION ELECT
ANGELA WALKER, BRUNSWICK-GLYNN COUNTY WATER AND SEWER COMMISSION
TREY MONROE, MERCHANT CAPITAL
WOODY WOODSIDE, BRUNSWICK-GLYNN CHAMBER
KEITH CRUSAN, ST. SIMONS BANK AND TRUST
ROD SAWALL, GICA
BEN LEE, COASTAL CPA
TIFFANY JENKINS, COASTAL CPA
ALYCE THORNHILL, GEORGIA DEPT. OF ECONOMIC DEVELOPMENT
DAVID MANNING, MANNING AVIATION
BILL AUSTIN, REFRESHING VIEWPOINTS
LINDSEY ADKISON, BRUNSWICK NEWS
PAM SHIERLING, SAINT SIMONS ISLANDER
I. CALL TO ORDER –Chairman Bruce Dixon

II. INVOCATION & WELCOME GUESTS – Chuck Scragg gave the invocation and Chairman Bruce Dixon welcomed Terra Winslett of the Glynn County Airport Commission, Representative Elect Jeff Jones, City Manager Bill Weeks, Woody Woodside of Brunswick-Glynn Chamber, Commissioner Provenzano, Commissioner Booker, Commissioner Elect JR Stambaugh, Keith Crusan of St. Simons Bank and Trust, Rod Sawall of GICA, Angela Walker of the Brunswick-Glynn County Water and Sewer Commission, Ben Lee and Tiffany Jenkins of Coastal CPA, Alyce Thornhill of the Georgia Department of Economic Development, County Administrator Alan Ours, Trey Monroe of Merchant Capital, Bill Austin of Refreshing Viewpoints, David Manning of Manning Aviation, Pam Sheirling of the Saint Simons Islander and Kelly Quimby of the Brunswick News.

III. PUBLIC COMMENT –Chairman Bruce Dixon invited public comments from the guests. There we no public comments.

IV. GCAC

A. Island Automotive Lease Extension Request – Terra Winslett reported that Island Automotive would like to extend their lease agreement and as Dr. Tyler the current sublease of Island Automotive is retiring and selling his invested facility to Brennan McGoldrick, and Wesley Blunt for the new Island Veterinary, LLC clinic, also they have requested approval to the new sublease. The original Island Automotive lease term stated on March 1, 1996 with all options ending on February 28, 2021. The request would extend the Island Automotive lease to a total of 25 years thereby ending February 28, 2040. The current lease rate per year is $30,671.76, with the next CPI-U adjustment schedule on March 1, 2016. Thereafter an annual CPI adjustment will be incorporated for the remaining of the extended lease.

A MOTION was made by Cedric King, seconded by Mel Baxter and passed unanimously to approve the Island Automotive Lease Amendment and the new Sub-lessee Island Veterinary, LLC subject to legal review by Counsel.

V. APPROVAL OF MINUTES

A. Approve Minutes for August 25, 2014

A MOTION was made by Mel Baxter, seconded by Susan Eastin and passed unanimously to approve the August 25, 2014 Meeting Minutes.

VI. FINANCIALS

A. Approve Financials – August 2014 – Mr. Smith reviewed the August 2014 financial statements. He reported that the balance sheet shows that the Authority is currently operating off reserves until funding from the County is approved. We expect these funds to arrive later this month. All other revenues and expenditures to date this year are typical and near budgeted levels. The Share-the-Future fund balance at the end of August was approximately $374,000.

A MOTION was made by Susan Eastin, seconded by Mel Baxter and passed unanimously to approve the August 2014 financials.

B. Audit Report – Ben Lee with Coastal CPA – Ben Lee reviewed the Audit Report for FY 14 (year ending 6/30/14) for the Authority. Mr. Lee reported that his firm, Coastal CPAs issued a “clean opinion” with respect to this year’s audit.

A MOTION was made by Cedric King, seconded by Susan Eastin and passed unanimously to approve the Audit report as presented.

VII. DIRECTOR’S REPORT

A. New Business Recruitment – Chuck Scragg reported on the business recruitment and will keep the Board apprised of the progress.

B. Retention and Expansion Update – Rod Sawall reported that dual enrollment is up at GICA and a new FORD outreach program has been incorporated at GICA.

John Scott updated the Board on the progress of retention and expansion with current businesses.

John Scott reported that the King and Prince Seafood tour had 17 in attendance. Industry visits on our web site are up and the fourth quarter manufacturing round table meeting will be held on November 5th at the College. John Scott will keep the board apprised as the date nears.

C. Economic Development Forum Update – Chuck Scragg reported that the Development Authority, in conjunction with the Chamber and Hunter McLean hosted the Economic Development Forum with over 100 attendees.

D. GEDA Recap – Chuck Scragg reported that John Scott was nominated as the Chairman for GEDA and was the opening speaker at the GEDA event this week.

VIII. OLD BUSINESS

A. ODI-2 Wetlands Delineation and Survey – Dave Smith reported that the ODI-2 wetland delineation and survey is complete and has been submitted to the Corp of Engineers with the expanded wetlands. Although the wetlands have grown it should not affect the solar project currently looking at the land. Mr. Smith will keep the board apprised of the progress.

B. McGladrey Classic Update – Chuck Scragg updated the board on the McGladrey event coming up. Chuck Scragg reported on statewide project managers along with various clients attending the event. More to come.

C. ED Forum Summary – Chuck Scragg thanked the County for picking up the lunch expense of $1,000 for the ED Forum at GICA.

D. Approve Ten Year Funding Contract with the County – Chuck Scragg reviewed the approved County Ten Year funding contract with the board for the EDA funding and recommends approval by the Board.

A MOTION was made by Cedric King, seconded by Mel Baxter and passed unanimously to approve the Ten Year Funding Contract with the County as presented.

E. Approve Amendment No. 9 to Glynn County Brunswick EDA Airport Funding Leases – Chuck Scragg reviewed the approved Amendment No. 9 to the Glynn County Brunswick EDA Airport Funding leases with the board and recommends approval.

A MOTION was made by Susan Eastin, seconded by Cedric King and passed unanimously to approve Amendment No. 9 to Glynn County Brunswick EDA Airport Funding Leases as presented.

IX. NEW BUSINESS

A. Presentation by Merchant Capital on Glynn County Energy Efficiency Bonds – Alan Ours introduced Trey Monroe with Merchant Capital who presented the Glynn County Energy Efficiency Bonds to the Board for approval.

A MOTION was made by Mel Baxter, seconded by Cedric King and passed unanimously to approve the resolution in the amount not to exceed 7.5 million dollars in revenue bonds for a variety of projects including municipal buildings subject to review by Counsel.

B. Brewer Technology Cost Estimate for Door Installation – Chuck Scragg reviewed the estimate for the door installation for security for the building. The cost of $9,895.27 would be split three ways between the Authority, Chamber and CVB.

A MOTION was made by Mel Baxter, seconded by Cedric King and passed unanimously to approve the Authority’s portion of the expense as presented.

C. Coastal Business Institute Request for 2015 –Chuck Scragg reviewed the request for funding tor the Coastal Business Institute for 2015 with the Board. Chairman Dixon recommended that request be chaired until the next board meeting for further review.

D. Golden Isles TV Request – Chuck Scragg reviewed the proposal from Golden Isles TV requesting funding for their marketing budget with the board.

A MOTION to deny the request from Golden Isles TV as presented was made by Mel Baxter, seconded by Susan Eastin and passed unanimously.

X. CHAIRMAN’S ITEMS

No Items to Discuss.

XI. IMPORTANT DATES

A. Development Authority Board Meeting – 11:30, Monday, October 27th, 2014

XII. LEGAL

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

A MOTION to go into Closed Session for the purpose of discussing the Purchase and Sale of Real Estate, Personnel and Potential Litigation was made by Cedric King, seconded by Mel Baxter and passed unanimously.

A MOTION to return to Open Session was made by Mel Baxter, seconded by Susan Eastin and passed unanimously. The Board invited guests to join the Board upon returning to Open Session.

XIII. ADJOURN

A MOTION to adjourn was made by Mel Baxter, 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 4 Glynn Avenue.