Economic Development Authority

706 Caroline Street (540) 372-1216 Fredericksburg, VA 22401 (540) 372-6587 Fax Monday, June 14, 2021 8:30 a.m. ● EDA Regular Meeting In-Person ~ Executive Plaza, 601 Caroline St., Third Floor (Recorded Go to Meeting) 1. Call to Order – Chair Black This Meeting is being held electronically by Go to Meeting, pursuant to City Council Ordinance 20-05, an Ordinance to Address Continuity of City Government during the Pendency of a Pandemic Disaster. 2. Attendance – Roll Call 3. Determination of Quorum 4. Approval of the Agenda 5. Public Comments 6. Economic Development Authorities in Virginia: Roles and Organizational Structures – Elizabeth Povar, Founder and Principal Officer, The RiverLink Group 7. The Alpha Media Digital Project – Ann Glave, Executive Director, Fredericksburg VA Main Street; Amy Houston, Marketing Strategist, Alpha Media Digital; and Danelle Rose, Visitor Center Manager, City of Fredericksburg 8. Peace in the Paint Sponsorship – Kentrale Washington 9. Approval of Minutes Regular Meeting Minutes of May 10, 2021 and Special Meeting Minutes of June 1, 2021 10. Treasurer’s Report a. EDA Budget Update and Financial Statement, May 2021 b. Draft FY22 Budget 11. Old Business Jefferson Davis Highway Renaming Business Grant Program – Will Mackintosh & Amy Peregoy 12. New Business a. Resolution approving the issuance of up to $5,600,000 of additional bonds for SAJ Baseball, LLC to fund working capital for the baseball stadium project and to capitalize a portion of the interest on the additional bonds and on the Series 2019B Bonds previously issued by the Authority for the project, and approving documents necessary to effect the transaction, including amendments to the 2019 bond documents – Bill Freehling NOTE: THIS IS A TENTATIVE AGENDA AND SUBJECT TO ADJUSTMENTS PRIOR TO JUNE 14, 2021. 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. Page 2 of 2 EDA Agenda – June 14, 2021 b. Property Visioning Discussion – Chris Waller c. Slate of Officers – Lee Murray & Susan Richey d. Election of EDA Officers 13. Committee Reports a. Parking Improvement Committee – Will Mackintosh & Suzy Stone b. Strategic Investments Committee – Will Mackintosh & Chris Waller c. Workforce Development Committee – Mitzi Brown & Susan Richey d. InvestFXBG Loan Committee – Suzy Stone & Chris Waller e. Chatham Bridge Rehabilitation Marketing Committee – Mitzi Brown & Beth Black f. COVID Assistance Committee – Susan Richey & Mitzi Brown 14. Staff Report 15. Chair’s Report 16. Board Members’ Comments 17. Adjournment – Next Meeting, July 12, 2021 Public comments will be accepted by Online Public Comment Form or via e-mail to Amy Peregoy at aperegoy@fredericksburgva.gov until 7:30 a.m. on Monday, June 14. A recording of the Economic Development Authority e-meeting will be provided upon request to aperegoy@fredericksburgva.gov. NOTE: THIS IS A TENTATIVE AGENDA AND SUBJECT TO ADJUSTMENTS PRIOR TO JUNE 14, 2021. 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.