Economic Development Authority

INDUSTRIAL DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting April 19, 2011 – 8:30 A.M. IDA Conference Room CALL Chair Benson called the meeting to order at 8:30 a.m. TO ORDER DIRECTORS William H. Benson, Perry T. Pilgrim, Dr. Lewis J. Bellinger, PRESENT Anne W. Shuford and Ben A. Williams, III. Also present were Secretary-Treasurer James L. Eason and IDA Attorney S. Frear Hawkins, II. STAFF Mary Bunting, Pete Peterson, Cynthia Hudson, Vanessa Valldejuli, PRESENT Terry O’Neill, Susan Borland, Michael Yaskowsky, Daniel Girouard and Teresa Hudgins MINUTES Chair Benson stated the Minutes of the March 15, 2011 IDA board meeting were distributed. A motion was made by Mr. Williams and seconded by Dr. Bellinger to approve the minutes as submitted. The motion carried. LOAN Mr. Pilgrim reported the Loan Status Report reflects two loans on PROGRAM the over 60 days past due: EDL and Avis Fraser-Williams. Staff is continuing to monitor these accounts. A copy of the Old Point Statement of Account dated March 1, 2011 through March 31, 2011 was included in the package. There were no questions or comments. ECONOMIC Mr. Eason asked Michael Yaskowsky to give an update on the new DEVELOPMENT NIA building. Mr. Yaskowsky updated the board on the REPORT construction progress and provided a copy of the Progress Summary Report dated March 31, 2011. Mr. Eason stated the updated Status Report on IDA Actions was included in the package. The Army Corps of Engineers extended the wetlands permit for Hampton Roads Center North for an additional 15 years. The application was submitted to the Department of Environmental Quality (DEQ) on April 2nd. Mr. Hawkins is reviewing the Science Park Feasibility Study contract and we anticipate executing it within the next week.  We forwarded the Hampton Roads Technology Incubator draft agreement on April 11th; no response to date. The Hampton University Small Business Incubator agreement is being reviewed. Other items of interest: ¾ We have processed five new E-commerce Grant applications with 38 approved since the program started in February 2009. ¾ The Planning Commission approved a conditional use permit for the Valeo building and it goes before City Council in June. ¾ The potential Holiday Inn property sale is in the due diligence phase. ¾ Groundbreaking on the Old Point National Bank site is scheduled for June. ¾ Renovations to the former Brass Shop are well underway and site work has started on Walgreens. ¾ Faneuil (Anna McNider’s company) leased 12,000 square feet of space on the 14th floor of Harbor Center ¾ We met with a potential developer on the parcel located at the corner of Mercury Boulevard and Woodland Road. ¾ We are working with Planning on the potential redevelopment of the Forest Park Shopping Center. CLOSED Chair Benson stated a Closed Meeting will now be held in MEETING accordance with Sections 2.2-3711 A.3 & A.7 of the Code of Virginia to discuss or consider the disposition of publicly held real property in the Coliseum Central area where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy of the Authority and to consult with legal counsel regarding specific legal matters requiring the provision of legal advice by such counsel. A motion was made by Ms. Shuford and seconded by Mr. Williams to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Shuford, Williams, Pilgrim and Benson Nays: None CERTIFICATION Chair Benson stated it was now appropriate to take a Roll OF CLOSED Call vote and that to the best of our knowledge (i) only public MEETING business matters lawfully exempted from open meeting requirements under this chapter, and (ii) only such public business matters as were identified in the motion by which the Closed Meeting was convened were heard, discussed, or considered in the Closed Meeting. Any member who believes there was a departure from the requirements of subdivisions (i) and (ii) shall so state prior to the Roll Call vote, indicating the substance of the departure that, in his/her judgment has taken place. Such statements shall be recorded in the Minutes. Chair Benson asked for any statements. There were none. A motion was made by Mr. Williams and 2  seconded by Mr. Pilgrim to conclude the Closed Meeting and return to the Meeting. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Williams, Pilgrim and Benson Nays: None Note: Ms. Shuford left the meeting at 9:30 a.m. and was not present for the vote A motion was made by Mr. Williams for the IDA to send a negotiating committee comprised of an IDA representative, the Director of Economic Development and a representative from the City Manager’s office and/or City Council to Baltimore within the next 30 days to state our position and try to resolve the impasse with the understanding a report will be given at the next IDA meeting and we table any further action at this time. Mr. Pilgrim seconded the motion. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Williams, Pilgrim and Benson Nays: None Ben Williams will be the IDA representative. OTHER Chair Benson asked the Nominating Committee for its report. BUSINESS Dr. Bellinger stated the Nominating Committee met and recommends the following officers: James R. Joseph, Chair Anne W. Shuford, Vice Chair Chair Benson asked if there were any other nominations. There were none. A motion was made by Mr. Pilgrim and seconded by Mr. Williams to accept the recommendations of the Nominating Committee. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Williams, Pilgrim and Benson Nays: None Mr. Pilgrim and Mr. Williams thanked Mr. Benson for his service to the IDA. Mr. Williams asked the City Manager to see that Mr. Benson was presented with a Resolution from City Council. On behalf of staff, Mr. Eason thanked Mr. Benson for his leadership and service to the City. 3 ADJOURNMENT There being no further business, the meeting was adjourned at 9:45 a.m. Respectfully submitted, James L. Eason Secretary-Treasurer /tbh 4