Joint Development Authority of the Athens-Clarke County Unified Government & the City of Winterville

DRAFT MINUTES - REGULAR MEETING JOINT DEVELOPMENT AUTHORITY OF THE UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY AND THE CITY OF WINTERVILLE Tuesday, April 30, 2024– 5:30 pm City Hall, 301 College Avenue, Room 103 A. Stephanie Lynn called the meeting to order at 5:30 Directors in Attendance: Virginia Ball, Erica Cascio (after 5:40), Steve Catani, Dodd Ferelle, Stephanie Lynn Directors Absent: Kelly Girtz Staff & Counsel in Attendance: Myung Cogan, Ilka McConnell, Greg Sowell B. Approval of Agenda Steve Catani made a motion to approve the draft agenda. Seconded: Dodd Ferelle The motion was unanimously approved. C. Approval of Minutes for 2/7/2024 regular meeting Dodd Ferelle made a motion to approve the minutes of the February 7, 2024, Regular Meeting. Seconded: Stephanie Lynn The motion was unanimously approved. D. New Business: 1. Turntable Revolving Loan Serving Agreement Changes Greg Sowell noted that the bank had one amendment to the Loan Servicing Agreement concerning the process to notify failed applicants. Greg Sowell recommended approval of the agreement with the new language. Dodd Ferelle made a motion to authorize Ilka McConnell to sign the agreement on behalf of the JDA. Seconded: Virginia Ball The motion was unanimously approved. 2. Board Vote on Turntable Revolving Loan Applications  The JDA Board reviewed the application for a $25000 loan to State the Label. Steve Catani made a motion to approve the loan to State the Label and authorize the bank to issue a check in the full amount requested. Seconded: Virginia Ball The motion was unanimously approved. E. Old Business: 1. JDA Turntable Revolving Loan Fund: i. Update on loan repayments Stephanie Lynn noted that the vast majority of the loans provided under the initial program have been repaid. At this point 11 are in arrears, of which 6 have agreed to new terms, and 2 have filed for bankruptcy. ii. Update on small claims court: Myung Cogan Three new cases will be filed. One existing case has been discharged due to a bankruptcy filing. 2. Northeast Georgia Food Bank expansion & change order Ilka McConnell reviewed two change orders submitted by the general contractor. As part of the discussion the Board requested that Ilka McConnell request of the project manager a summary of all change orders submitted for the projects. (note the change order register was subsequently provided by the project manager and distributed to the Board) Steve Catani made a motion to authorize Ilka to approve the change order on behalf of the JDA. Seconded: Virginia Ball The motion was approved unanimously by the directors. F. Treasurer’s Report Stephanie Lynn noted that there were no major changes to the financial reports since the last update. G. Counsel’s Report Greg Sowell indicated there was nothing new to report. H. Staff Report Myung Cogan presented the marketing plan for the current loan program. The Board expressed its gratitude for the effort that went into the creation of the plan and its completeness. Per the previous meeting Myung was authorized to execute it. Ilka McConnell indicated that the City of Winterville had appointed Timothy Pierce-Tomlin to the JDA Board to fill their vacant position. I. Next Regular Meeting: The next regular meeting is scheduled for August 7, 2024 J. Adjourn Steve Catani made a motion to adjourn at 6:00 PM. Seconded: Dodd Ferelle The motion was unanimously approved.