Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting May 21, 2013 – 8:30 A.M. EDA Conference Room CALL Vice Chair Shuford called the meeting to order at 8:30 a.m. TO ORDER DIRECTORS Anne W. Shuford, Wallace C. Arnold, Dr. Lewis J. Bellinger, PRESENT 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. GUESTS Thomas Flake – Peninsula Technology Incubator PRESENT Charlie Jackson – Advex Corporation Tara Bozick – Daily Press STAFF Mary Bunting, Pete Peterson, Vanessa Valldejuli, Terry O’Neill, PRESENT Bonnie Brown, Bruce Sturk, Robin McCormick, Ellen Templeton, Susan Borland, Daniel Girouard, Pam Croom and Teresa Hudgins MINUTES Vice Chair Shuford stated the Minutes of the April 16, 2013 EDA board meeting were distributed. A motion was made by Dr. Bellinger and seconded by Mr. Arnold to approve the minutes as presented. The motion carried. LOAN Mr. Pilgrim reviewed the Loan Status Report as follows: PROGRAM  Covenant Care is current (bank reporting error)  The Healthy Connection has made one payment  Mr. Hawkins has sent a letter to I Love Your Style  Touch of Class Fencing paid $10,000 to Quadros & Associates but did honor the commitment to pay $6,000 on May 17th; Mr. Quadros will proceed to secure collateral within 5 business days  Unitech, LLC paid the interest only payments The Committee considered a Neighborhood Retail Revitalization Program application for Grandview Island Grill, LLC in the amount of $33,400. The applicant meets program guidelines and the Committee recommends the grant for approval. A motion was made by Mr. Sledge and seconded by Mr. Williams to approve the request as presented. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams and Shuford Nays: None RESOLUTION Mr. Girouard presented a Resolution authorizing the granting of an ADVEX ingress/egress easement to Advex Corporation on property owned EASEMENT by the Economic Development Authority of the City of Hampton, Virginia located in Langley Research and Development Park. A motion was made by Mr. Williams to approve the Resolution subject to the easement terminating when Floyd Thompson Drive is extended. The motion was seconded by Mr. Arnold. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams and Shuford Nays: None INCUBATOR Ms. Shuford stated the Committee met and reviewed quarterly COMMITTEE reports. Ms. Shuford reported the Hampton University Small REPORT Business Incubator currently has eight clients with 41 employees and is facilitating a series of workshops. The Peninsula Technology Incubator has 7 clients with 27 employees. They are soliciting funding participation from other municipalities. Ms. Shuford also said incubator funding for the next fiscal year will be considered at the June EDA meeting. Mr. Pilgrim congratulated Ms. Shuford and Dr. Bellinger on all their hard work. ECONOMIC Mr. Yaskowsky stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. Other items of interest: REPORT  LeCam has completed exterior improvements  Staff is working on a press release for Project Magnet  M. Price Distributing is expanding its warehouse  The next phase of the Commander Shepard Boulevard extension is underway  Tysinger Motor Company is expanding its dealership to include Audi  Construction continues on the Old Point National Bank building  Staff is working on a letter to property owners in the clear zone  Jessica Spencer attended minority program training in Memphis  There will be a public meeting on June 4th at 6:00 p.m. in City Council Chambers on the Disparity Study  HREDA and VEDP will tour the Hampton University Proton Therapy Institute as part of a red carpet tour on May 30th at 2:00 if you would like to attend  There will be a reception honoring Robert Lightfoot at the Virginia Air and Space Center on May 28th at 6:00 if anyone would like to attend 2  Mr. Yaskowsky distributed copies of the Economic Development newsletter and said it would be published bi-monthly. He also distributed copies of two newspaper articles: Who really creates U.S. jobs? and an opinion on Economic development: All hands on deck by Jay Joseph. Dr. Bellinger asked if there was a report on economic impact generated by the Proton Therapy Institute. Mr. Sledge said a statement of economic impact study was completed but he would have to determine what, if any, portion of it could be released. CLOSED Vice Chair Shuford 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 in Langley Research and Development Park where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy of the Authority. A motion was made by Mr. Pilgrim and seconded by Mr. Sledge to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams and Shuford Nays: None CERTIFICATION Vice Chair Shuford 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. Vice Chair Shuford asked for any statements. There were none. A motion was made by Mr. Sledge and 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: Arnold, Bellinger, Pilgrim, Sledge, Williams and Shuford Nays: None A motion was made by Mr. Arnold and seconded by Mr. Sledge to approve the Resolution of the Economic Development Authority of the City of Hampton, Virginia approving the sale of land in Langley Research and Development Park to the SunCap Property Group. A roll call vote was taken which resulted as follows: 3  Ayes: Arnold, Bellinger, Pilgrim, Sledge, Williams and Shuford Nays: None OTHER Ms. Bunting reported she completed a national search for the new BUSINESS Economic Development director. The interview panel consisted of staff, key business leaders and Mr. Joseph. She said she was pleased to announce Leonard Sledge as the new director effective June 17th. He is the best fit for the job and brings a great deal of passion. The EDA board members thanked Mr. Yaskowsky for his leadership during the interim period. Ms. Shuford would like to have a reception at the next board meeting to welcome Mr. Sledge as the new director. ADJOURNMENT There being no further business, the meeting was adjourned at 10:00 a.m. Respectfully submitted, Michael A. Yaskowsky Secretary-Treasurer MAY/tbh 4