Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting August 20, 2013 – 8:30 A.M. EDA Conference Room CALL Chair Joseph called the meeting to order at 8:30 a.m. TO ORDER DIRECTORS James R. Joseph, Anne W. Shuford, Dr. Lewis J. Bellinger, PRESENT Perry T. Pilgrim and Ben A. Williams, III. Also present were Secretary-Treasurer Leonard L. Sledge and EDA Attorney S. Frear Hawkins, II. GUESTS Steve Mallon – Craig Davis Properties PRESENT Thomas Flake – Peninsula Technology Incubator Dr. Douglas Stanley – National Institute of Aerospace Dr. Bill Thomas – Hampton University Bill Smith – Hampton University James Russell – Hampton University William McLaughlin – SEI Group Harold Gerwien – Inside Business Councilman Donnie Tuck STAFF Mary Bunting, Cynthia Hudson, Pete Peterson, Vanessa PRESENT Valldejuli, Bonnie Brown, Terri O’Neill, Fred Gaskins, Bruce Sturk, Ellen Templeton, Michael Yaskowsky, Jessica Spencer, Amy Jordan and Teresa Hudgins MINUTES Chair Joseph stated the Minutes of the July 16, 2013 EDA board meeting were distributed. A motion was made by Mr. Williams and seconded by Mr. Pilgrim to approve the minutes as presented. The motion carried. BRIEFING Dr. Bill Thomas, Bill Smith and James Russell with Hampton RESEARCH & University gave a briefing to the board on satellite research TECHNOLOGY activities and severe storm research plan. Hampton University is TRANSFER AT seeking funding to purchase the satellite system at a cost of HAMPTON $180,000 to $200,000. The University would control the UNIVERSITY technology and develop a curriculum for students. Dr. Thomas will provide a proposal outlining the University’s request for the EDA’s consideration at a future meeting. SCIENCE Dr. Stanley with the National Institute of Aerospace presented PARK the Hampton Science and Research Park Key Features and Initial DISCUSSION Implementation Approach as well as a proposal for high-speed computing capability and a fab lab in Hampton. Mr. Williams asked what the cost would be for the computer capability and fab lab. Dr. Stanley replied $200,000 for the computer and $125,000 for the fab lab (matched with federal funds). Dr. Bellinger asked how Hampton would compete with the development in Newport News. Dr. Stanley said a niche would be carved out for Hampton. Mr. Joseph would like for the Transaction Committee to meet to discuss the action items and report back to the board with recommendations at the next meeting. RESOLUTION Ms. Templeton presented a Resolution of the Economic SEI GROUP Development Authority of the City of Hampton, Virginia approving the Third Amendment to the Purchase and Sale Agreement with SEI Group, LLC. A motion was made by Mr. Pilgrim and seconded by Mr. Williams to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Pilgrim, Williams, Shuford and Joseph Nays: None Mr. McLaughlin thanked the board for approving the extension. LOAN Mr. Pilgrim reported loan modification agreements have been PROGRAM prepared for Touch of Class Fencing and I Love Your Style. Staff is working with the Treasurer’s office to verify it can collect on delinquent EDA loans. Mr. Joseph would like for this matter to be resolved in order to avoid delays when accounts are in collection status. Mr. Pilgrim said the Committee considered a Neighborhood Retail Revitalization grant application from Wing Zone in the amount of $29,229.26 and recommends the request for approval with conditions. A motion was made by Mr. Williams and seconded by Dr. Bellinger to approve the request as recommended by the Committee. A roll call vote was taken which resulted as follow: Ayes: Bellinger, Pilgrim, Williams, Shuford and Joseph Nays: None Ms. Shuford asked about the incentive programs being combined into one program. Mr. Sledge said staff is working on it. 2 ECONOMIC Mr. Sledge stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. Other items of interest: REPORT  City Council appointed Michelle Ferebee to the EDA board; her bio will be forwarded to board members  Carson Helicopters is open at Fort Monroe  Sun Cap Properties is completing title work  Staff is working six active prospects  We are having conversations with Glenn Oder about marketing property at Fort Monroe  The entrance sign at Hampton Roads Center South and Central is scheduled for demolition  Staff updated the Hampton available properties list  We hosted a business appreciation event at Langley Speedway  Mike will be going on a northeast marketing mission with HREDA next month  Amy and I will be attending Retail Live in Atlanta in September  I will be traveling with the sister city group to Anyang, Korea in October  Staff will be updating the strategic plan, marketing plan and incentive programs Mr. Williams asked if the grass could be cut around the Hampton Roads Center sign facing I-64. Mr. Sturk updated the board on strategic property acquisitions in the Langley clear zone. There are two sales pending and several parcels are currently being appraised. Mr. Joseph thanked Ms. Valldejuli for her in-house legal support and wished her the best in her future endeavors. The board gave Ms. Valldejui a gift basket from the Virginia Store. 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 acquisition of real property for a public purpose, or of the disposition of publicly held real property, where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy of the Authority and Section 2.2-3711 A.5 to discuss a prospective business or industry or the expansion of an existing business or industry where no previous announcement has been made of the business or industry’s interest in locating or expanding its facilities in the community. A motion was made by Mr. Williams and seconded by Mr. Pilgrim to go into the Closed Meeting. A roll call vote was taken which resulted as follows: 3  Ayes: Bellinger, Pilgrim, 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. Pilgrim and seconded by Dr. Bellinger to conclude the Closed Meeting and return to the Meeting. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Pilgrim, Shuford and Joseph Nays: None Note: Mr. Williams left the meeting during the Closed Session and was not present for the vote OTHER The review of committee and outside agency assignments will BUSINESS be discussed at the September board meeting. Ms. Bunting reported she is working on a response to questions concerning the athletic and visitor grant program. ADJOURNMENT There being no further business, the meeting was adjourned at 10:10 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/tbh 4