Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting June 17, 2014 – 8:00 A.M. Versability CALL Chair Joseph called the meeting to order at 8:00 a.m. TO ORDER DIRECTORS James R. Joseph, Dr. Lewis J. Bellinger, Michelle T. Ferebee, PRESENT and Ben A. Williams, III. Also present were Secretary-Treasurer Leonard L. Sledge and EDA Attorney S. Frear Hawkins, II. STAFF Vanessa Valldejuli, Terry O’Neill, Bonnie Brown, Susan PRESENT Borland, Daniel Girouard, Ellen Templeton, Michael Yaskowsky and Teresa Hudgins MINUTES Chair Joseph stated the Minutes of the May 20, 2014 EDA 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 Ms. Hudgins reported the Loan Review Committee did not meet PROGRAM in May and reviewed the Loan Status Report as follows: The Healthy Connection owes April and May payments. Mr. Hawkins is filing the judgment against Unique Imaging Solutions. There were no questions on the EDA Loan/Grant Program Fund Balance Sheet which was included in the package. ECONOMIC Mr. Sledge stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. Other items of interest: REPORT  Wawa held its grand opening last week  Mr. Sledge and Mr. Peterson gave a presentation to City Council on economic development priorities and successes  The department is improving the utilization of Salesforce and is also using CoStar for commercial real estate information  Mr. Girouard reported a meeting was held with the DEQ for a permit to modify drainage ditches for the SAAD Development project; advertisement has been placed with a July 16 deadline; no closing date has been established. Ms. Valldejuli reported City Council approved the vacation of easements. Mr. Joseph noted information for Threat Tech needed to be completed on the Status Report.  Mr. O’Neill said the Community Development Department met with builders and developers to discuss the department’s processes and higher value housing market. The outcome was the city needs to do a better job marketing itself. RESOLUTION Mr. Girouard presented a Resolution approving an agreement HUSBI between the Economic Development Authority of the City of Hampton, Virginia and the Hampton University Small Business Incubator. A motion was made by Mr. Williams and seconded by Ms. Ferebee to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Ferebee, Williams and Joseph Nays: None OTHER Mr. Joseph revised the Committee assignments to include three BUSINESS members for the Loan Review Committee. Staff sent an e-mail with the Committee meeting dates. Ms. Valldejuli said the legal team supporting the EDA starting July 1 will consist of herself, Jaff Sachs and Bonnie Brown. The team will meet with Mr. Hawkins and staff to transition files. ADJOURNMENT There being no further business, the meeting was adjourned at 8:20 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/tbh 2