Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting June 16, 2015 – 8:30 a.m. EDA Conference Room CALL Vice Chair Brown called the meeting to order at 8:30 a.m. TO ORDER DIRECTORS Eleanor W. Brown, Richard M. Bagley, Jr., Dr. Lewis J. Bellinger, PRESENT Michelle T. Ferebee, L. Scott Seymour and Anne W. Shuford. Also present was Secretary-Treasurer Leonard L. Sledge. STAFF Pete Peterson, Vanessa Valldejuli, Steve Shapiro, Fred Gaskins, PRESENT Anthony Reyes, Daniel Girouard, Susan Borland, Michael Yaskowsky and Teresa Hudgins GUESTS Craig Cope – Liberty Property Trust PRESENT Allen Lingerfelt – Lingerfelt Commonwealth Partners MINUTES Vice Chair Brown stated the Minutes of the May 19, 2015 EDA board meeting were distributed. A motion was made by Ms. Ferebee and seconded by Dr. Bellinger to approve the minutes as presented. The motion carried. LOAN Ms. Ferebee reported the Loan Review Committee met on PROGRAM May 26, 2015. The Loan Status Report reflects the Touch of Class Fencing loan as delinquent; however, both loans are now current. There were no questions on the EDA Loan/Grant Program Fund Balance Sheet as of May 31, 2015 which was included in the package. Mr. Sledge added the Hampton Community Cultural Athletic and Visitor Grant Committee will be meeting today after the EDA meeting to review submitted applications. ECONOMIC Mr. Sledge stated the updated Status Report on EDA Actions DEVELOPMENT was included in the package. Other items of interest: REPORT  Steven Lynch has joined the department as the Senior Business Development Manager  Newport News Shipbuilding leased 500,000 square feet of warehouse space at West Park  C & F Enterprises leased 55,000 square feet of warehouse space at West Park  MiPi opened at Peninsula Town Center and Avenue Blue Piano Bar will open on June 19th   $2.4 million in grant funds have been authorized by the EDA since the beginning of FY14  We are revising an existing marketing tool for the loan, grant and incentive programs  Slide the City will take place on June 20th and the department will be hosting a hospitality tent at Mill Point Park CLOSED Vice Chair Brown stated a Closed Meeting will now be held in MEETING accordance with 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 facility in the community and Section 2.2-3711.A.7 to consult with legal counsel pertaining to specific legal matters requiring the provision of legal advice by such counsel. A motion was made by Mr. Bagley and seconded by Ms. Ferebee to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown Nays: None CERTIFICATION Vice Chair Brown 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 Brown asked for any statements. There were none. A motion was made by Ms. Ferebee 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: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown Nays: None A motion was made by Mr. Seymour and seconded by Ms. Ferebee to approve a Resolution of the Economic Development Authority of the City of Hampton, Virginia approving an option agreement between the Economic Development Authority of the City of Hampton, Virginia and LCP Hampton Roads III, LLC for the purchase of 5.00 acres of land, more or less, in Hampton Roads Center. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown 2  Nays: None A motion was made by Ms. Ferebee and seconded by Dr. Bellinger to approve a Resolution for the allocation from the Hampton revolving loan and grant fund of up to $118,000 and entering into a grant agreement between the Economic Development Authority of the City of Hampton, Virginia and AMSEC, LLC, a subsidiary of Huntington Ingalls Industries, LLC, a Delaware Corporation. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown Nays: None A motion was made by Dr. Bellinger and seconded by Mr. Bagley to approve a Resolution approving an agreement between the Economic Development Authority of the City of Hampton, Virginia and the Peninsula Technology Incubator. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown Nays: None A motion was made by Mr. Seymour and seconded by Dr. Bellinger to approve a Resolution approving an agreement between the Economic Development Authority of the City of Hampton, Virginia and the Hampton University Small Business Incubator. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford and Brown Nays: None ADJOURNMENT There being no further business, the meeting was adjourned at 10:35 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/tbh 3