Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Annual Meeting January 21, 2014 – 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, Wallace C. Arnold, Dr. PRESENT Lewis J. Bellinger, Michelle T. Ferebee, Perry T. Pilgrim and Ben A. Williams, III. Also present were Secretary-Treasurer Leonard L. Sledge and EDA Attorney S. Frear Hawkins, II. GUESTS Rhonda Scales – Covenant Care, LLC PRESENT Karon Shields – Covenant Care, LLC J. R. Locke – Hampton University Small Business Incubator STAFF Pete Peterson, Terry O’Neill, Anthony Reyes, Denise Howard, PRESENT Bonnie Brown, Daniel Girouard, Susan Borland, Ellen Templeton, Michael Yaskowsky and Teresa Hudgins MINUTES Chair Joseph stated the Minutes of the December 17, 2013 EDA board meeting were distributed. A motion was made by Mr. Arnold and seconded by Dr. Bellinger to approve the minutes as presented. The motion carried. PRESENTATION Ms. Scales and Ms. Shields gave a brief presentation on COVENANT Covenant Care. The home healthcare business is graduating from CARE the Hampton University Small Business Incubator and will lease space in Harbour Center. They currently have 18 employees. Mr. Joseph congratulated them on graduating from the incubator and thanked them for keeping the business in Hampton. NOMINATING Dr. Bellinger stated the Nominating Committee met and COMMITTEE recommends the following slate of officers for the 2014 calendar year: James R. Joseph, Chair Anne W. Shuford, Vice-Chair Leonard L. Sledge, Secretary/Treasurer Daniel B. Girouard, Assistant Secretary/Treasurer There were no other nominations. A motion was made by Dr. Bellinger and seconded by Mr. Pilgrim to approve the officers as recommended. A roll call vote was taken which resulted as follows:  Ayes: Arnold, Bellinger, Ferebee, Pilgrim, Williams, Shuford and Joseph Nays: None LOAN Mr. Pilgrim reported the Committee met on December 23, 2013 PROGRAM and reviewed the Loan Status Report as follows: The Healthy Connection paid one payment and will attend the January meeting to discuss the business closing. Mr. Robert Boyd with Unitech will also attend the meeting to discuss the loan delinquency. There were no questions or comments on the Old Point Statement of Account dated December 1, 2013 through December 31, 2013. The Committee considered a Neighborhood Retail Revitalization Program application for Robert’s Antiques in the amount of $7,252.19. The applicant meets program guidelines and the Committee recommends the grant for approval. A motion was made by Mr. Williams and seconded by Dr. Bellinger to approve the request as presented. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Ferebee, Pilgrim, Williams, Shuford and Joseph Nays: None The Committee considered a Neighborhood Retail Revitalization Program application for Crossfit Stimulus in the amount of $13,936.11. The applicant meets program guidelines and the Committee recommends the grant for approval. A motion was made by Ms. Ferebee and seconded by Ms. Shuford to approve the request as presented. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Ferebee, Pilgrim, Williams, Shuford and Joseph Nays: None RESOLUTION Mr. Girouard presented a Resolution authorizing the granting of a SDC 24 temporary right of entry/ingress and egress easement to SDC 24 NORFOLK, VA Norfolk, VA, L.L.C. on property owned by the Economic Development Authority of the City of Hampton, Virginia located in Langley Research and Development Park. A motion was made by Ms. Shuford and seconded by Mr. Arnold to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Arnold, Bellinger, Ferebee, Pilgrim, Williams, Shuford and Joseph Nays: None 2 OTHER Mr. Joseph said Ben Williams needs to be reappointed to the BUSINESS Peninsula Industrial Finance Corporation (PIFC) board with the term expiring December 31, 2015. A motion was made by Mr. Arnold and seconded by Ms. Shuford to reappoint Mr. Williams. Ayes: Arnold, Bellinger, Ferebee, Pilgrim, Williams, Shuford and Joseph Nays: None PRESENTATION Denise Howard from the Finance department reviewed the EDA FINANCIAL financial statements for the year ended June 30, 2013. STATEMENTS ECONOMIC Mr. Sledge stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. Other items of interest: REPORT  City Council approved the shell building project with Craig Davis Properties at Hampton Roads Center North and the consolidation of the HBIC and Neighborhood Retail Revitalization grant/loan programs into the EDA Revolving Loan and Grant fund  Commander Shepard Boulevard ribbon cutting ceremony was held on January 15th  Patient First ribbon cutting was held on December 17th  Mango Mango has opened in downtown  Faneuil secured a healthcare exchange contract with Washington state; leased space in Langley Research & Development Park; 170 jobs  HREDA annual meeting will be January 30th; since the December meeting we received two manufacturing project inquiries; we have five planned marketing trips scheduled (United Kingdom, Farmborough Air Show, Korea, New York and Dallas)  Staff has met with the following companies: Measurement Specialties, Liberty Property, DLBA Robotics, IBEX, CBRE and Port of Virginia, Bluewater Yachts and Catalina Cylinders  The Fisherman’s Wharf building has been sold; working with the owner to identify possible uses  Meeting with Virginia Business Magazine in February to discuss economic development activity in the city The following EDA members left the meeting at 9:15: Mr. Joseph, Mr. Arnold, Mr. Pilgrim and Mr. Williams. The Incubator Committee which consists of Ms. Shuford, Dr. Bellinger and Ms. Ferebee met with J. R. Locke and Doug Stanley. 3 Mr. Locke presented the Hampton University Small Business Incubator October 1 – December 31, 2013 quarterly report. Covenant Care will graduate in February and one office has been converted for the Entrepreneurs Club. Mr. Locke added virtual clients to the strategic plan. The Committee asked him to include this in the Table of Contents and create a separate section under short term goals, on page 5 change “IDA” to “EDA” and page 14 references “2013”. Mr. Locke will be working on the three openings on the advisory board this quarter. Mr. Flake presented the Peninsula Technology Incubator October 1 – December 31, 2013 quarterly report. Green Gi received funding and Hubbard Innovative Systems secured a two year contract from an undisclosed client. The strategic plan is being reviewed internally. The Committee asked Mr. Locke and Mr. Flake to include more company details in the milestone section of the report and also expressed concern regarding the number of hours actually spent working directly with incubator clients. Mr. Girouard will forward the benchmark report the Ms. Ferebee and Mr. Locke. Ms. Ferebee would also like to have a copy of the NBIA handbook. The Incubator Committee will meet quarterly following the EDA meeting (April 15, July 15, and October 21) at 9:30 a.m. All reports and/or agenda items must be submitted one week prior to the meeting date. ADJOURNMENT There being no further business, Ms. Shuford adjourned the meeting was adjourned at 10:00 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/tbh 4