Economic Development Authority

706 Caroline Street (540) 372-1216 Fredericksburg, VA 22401 (540) 372-6587 Fax Monday, March 25, 2019 8:30 a.m. ● EDA Special Meeting Large Conference Room, Second Floor City Hall, 715 Princess Anne St. 1. Call to Order – Chair Carter 2. Determination of Quorum 3. Approval of the Agenda 4. Public Comments 5. Old Business Resolution approving the SAJ Baseball, LLC Stadium Facilities Revenue Bonds (Fredericksburg Stadium Project), Series 2019 (Taxable), in one or more series, in an aggregate principal amount not to exceed $39,850,000 (the “Bonds”), and loan the proceeds of such Bonds to the Company to (a) finance a portion of the costs associated with the design, engineering, acquisition, development, construction and equipping of a multi-purpose minor league baseball stadium with a seating capacity of approximately 5,000 and associated surface parking, together with related land and support facilities for the benefit of the Company, all to be located on a site which adjoins Interstate-95 in the Celebrate South Virginia Development located in the City of Fredericksburg, Virginia (the “City”); (b) fund a deposit to the debt service reserve fund with respect to the Bonds; (c) provide for funded interest on the Bonds during construction and a period not exceeding one year after completion of construction, and (d) pay certain costs of issuance of the Bonds (collectively, the “Stadium Project”) 6. Adjournment – Next Meeting, April 8, 2019 NOTE: THIS IS A TENTATIVE AGENDA AND SUBJECT TO ADJUSTMENTS PRIOR TO MARCH 25, 2019. ANY CITIZEN THAT WANTS TO BE INCLUDED IN THE LIST OF RECIPIENTS TO RECEIVE AN AGENDA, PLEASE CONTACT AMY PEREGOY AT 540.372.1216 OR E-MAIL aperegoy@fredericksburgva.gov.