Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting March 19, 2013 – 8:30 A.M. Peninsula Technology Incubator CALL Vice Chair Shuford called the meeting to order at 8:40 a.m. TO ORDER DIRECTORS James R. Joseph, Anne W. Shuford, Wallace C. Arnold, Dr. Lewis PRESENT J. Bellinger, Perry T. Pilgrim, Leonard L. Sledge and Ben A. Williams, III. Also present were Secretary-Treasurer Michael A. Yaskowsky and EDA Attorney S. Frear Hawkins, II. STAFF Pete Peterson, Bonnie Brown, Terry O’Neill, Daniel Girouard PRESENT and Teresa Hudgins GUESTS Thomas Flake – Peninsula Technology Incubator PRESENT Steve Mallon – Craig Davis Properties MINUTES Vice Chair Shuford stated the Minutes of the February 19, 2013 EDA board meeting were distributed. A motion was made by Mr. Williams and seconded by Mr. Arnold to approve the minutes as presented. The motion carried. LOAN Mr. Pilgrim reviewed the Loan Status Report and reported the PROGRAM Touch of Class accounts had been turned over to Quadros & Associates for collection. ECONOMIC Mr. Yaskowsky stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. The SEI contract closed. Other REPORT items of interest:  LeCam has completed exterior improvements on the Settlers Landing Road side of the building; working on landscaping  Alcoa signed a contract with the ARC of the Virginia Peninsula; 40 jobs created  Metro Productions purchased the former Post Office Building  Liebherr announced its expansion plans; $12 million projected in Hampton (2015-16 timeframe)  DLBA Robotics relocated from Suffolk to Copeland Industrial Park; 14 jobs in 17,000 square feet  Good Wood relocated to Todd Center  Steak & Shake has submitted a site plan for the former Big Al’s site on Mercury Boulevard  Longhorn Steakhouse will open this spring  Staff is working with the development team on the former Holiday Inn site   Bass Pro Letter of Credit executed  Staff processed seven Enterprise Zone applications; anticipate receiving three more  Staff attended the Virginia Aerospace Roundtable Initiative meeting  Staff attended the 2013 Hampton Roads Real Estate Market Review and Forecast meeting  Staff will be attending the VEDA spring conference  The Creating a Cornerstone for Change conference will be held on March 26th at Hampton University; staff is participating along with the Department of Minority Business Enterprise  Staff is participating in a cyber-security initiative meeting on April 5th with Thomas Nelson Community College Ms. Shuford suggested staff prepare a press release to promote businesses being assisted by city programs in addition to new or expanding businesses in the city. RESOLUTION Mr. Pilgrim presented a Resolution of the Economic Development TRANSFER OF Authority of the City of Hampton, Virginia requesting the City FUNDS TO Manager to make a FY14 budget recommendation to transfer the REVOLVING remaining funds in the Neighborhood Retail Revitalization LOAN FUND Program and the Downtown Hampton and Phoebus Loan Assistance Program to the Economic Development Authority’s Revolving Loan Fund. Mr. Pilgrim said this action would consolidate two incentive programs with the existing loan program. The other incentive programs will expire when the funding source is depleted. Staff prepared draft Revolving Loan Fund Guidelines for the board to review prior to the April meeting. Mr. Sledge stated the HBIC board was in favor of this change but expressed concern that businesses in downtown and Phoebus could lose a voice and suggested a business leader from either area be added to the committee. Mr. Joseph asked staff to review the Bylaws. Mr. Peterson recommended the request be presented to the City Manager for her consideration now instead of making it a part of the FY14 budget recommendation to City Council. The Board agreed and amended the Resolution to delete “to make a FY14 budget recommendation”. A motion was made by Mr. Arnold and seconded by Mr. Sledge to approve the Resolution as amended. A roll call vote was taken which resulted as follows: 2  Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams, Shuford and Joseph Nays: None RESOLUTION Mr. Girouard presented a Resolution of the Economic GRANT FOR Development Authority of the City of Hampton, Virginia EAGLE approving a $7,000.00 Hampton Manufacturing and Innovation AVIATION Grant for Eagle Aviation Technologies, Inc. A motion was made by Mr. Pilgrim and seconded by Mr. Sledge to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams, Shuford and Joseph Nays: None CLOSED Chair Joseph stated a Closed Meeting will now be held in MEETING accordance with Section 2.2-3711 A.3 of the Code of Virginia to discuss or consider the disposition of publicly held real property where discussion in an open meeting would adversely affect the bargaining position or negating strategy of the Authority. A motion was made by Mr. Williams and seconded by Ms. Shuford to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams, Shuford and Joseph Nays: None CERTIFICATION Chair Joseph 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 Joseph asked for any statements. There were none. A motion was made by Mr. Sledge and seconded by Mr. Williams to conclude the Closed Meeting and return to the Meeting. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Sledge, Williams, Shuford and Joseph Nays: None 3  Mr. Pilgrim left the meeting early and was not present for the vote OTHER Ms. Shuford asked Mr. Peterson for an update on the Economic BUSINESS Development Director’s position. Mr. Peterson said the applications are being reviewed and the City Manager is forming an interview panel. Mr. Sledge reported Reality Check Hampton Roads was having a meeting in May and encouraged everyone to attend. ADJOURNMENT There being no further business, the meeting was adjourned at 10:15 a.m. Respectfully submitted, Michael A. Yaskowsky Secretary-Treasurer MAY/tbh 4