Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting July 21, 2015 – 8:30 a.m. EDA Conference Room CALL Chair Arnold called the meeting to order at 8:30 a.m. TO ORDER DIRECTORS Wallace C. Arnold, Eleanor W. Brown, Richard M. Bagley, Jr., PRESENT Dr. Lewis J. Bellinger and Anne W. Shuford. Also present was Secretary-Treasurer Leonard L. Sledge. STAFF Pete Peterson, Vanessa Valldejuli, Bonnie Brown, Daniel PRESENT Girouard, Susan Borland, Michael Yaskowsky, Steve Shapiro, Alison Alexander and Brenda Bailey GUESTS Brian Byrne – Teledyne Hastings Instruments PRESENT Joe LaPlaca – The Nutech Group John Calver – Thomas Nelson Community College Tony Farley – Thomas Nelson Community College Steve Mallon – Craig Davis Properties Tara Bozick – Daily Press MINUTES Chair Arnold stated the Minutes of the June 16, 2015 EDA board meeting were distributed. A motion was made by Dr. Bellinger and seconded by Ms. Brown to approve the minutes as presented. The motion carried. PRESENTATION Mr. Brian Byrne with Teledyne Hastings Instruments provided an overview of how the grant money approved by the EDA was utilized in training Teledyne employees. The company has been able to reduce lead times, improve product quality and delivery times as well as reduce inventory and production costs. Alison Alexander with the Community Development Department provided an overview of the proposal to modify the Hampton Arts & Cultural District. There was discussion by the Board on how to expedite implementing this program as soon as possible. Ms. Alexander advised the Board that the steering committee will present the proposal to City Council in August. LOAN Mr. Arnold reported all loans are up to date. Ms. Valldejuli PROGRAM confirmed Mirroz, LLC is still awaiting a court date and Zooms Pacific, LLC has filed Chapter 13 bankruptcy. While Covenant Care is up to date on the loan, Ms. Hudgins will provide an update status at the next meeting.  There were no questions on the EDA Loan/Grant Program Fund Balance Sheet as of June 30, 2015 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  Staff is working on the Enterprise Zone application for the renewal of the Hampton Roads Center Zone  Mr. Sledge will schedule a meeting with Dr. Doug Stanley and the new director of the Peninsula Technology Incubator  The Board discussed possible marketing strategies for the NIA Computer Cluster  Mr. Sledge will begin the process of drafting a new Economic Development Strategic Plan using the previous plan as a starting point. He anticipates having a draft document prepared for the next EDA meeting. RESOLUTION Mr. Girouard presented a Resolution of the Economic VICTORY LANE Development Authority of the City of Hampton, Virginia MOTORS, L.L.C. approving the provision of a $15,000.00 Hampton Community Cultural, Athletic and Visitor Attraction Grant to Victory Lane Motors, L.L.C. A motion was made by Mr. Bagley and seconded Ms. Brown to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Shuford, Brown and Arnold Nays: None RESOLUTION Mr. Girouard presented a Resolution of the Economic BOO WILLIAMS Development Authority of the City of Hampton, Virginia SPORTSPLEX, approving the provision of a $184,438.00 Hampton Community L.L.C. Cultural, Athletic and Visitor Attraction Grant to Boo Williams Sportsplex, L.L.C. A motion was made by Dr. Bellinger and seconded by Ms. Shuford to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Shuford, Brown and Arnold Nays: None RESOLUTION Mr. Girouard presented a Resolution of the Economic VIRGINIA Development Authority of the City of Hampton, Virginia AIR AND SPACE approving the provision of a $288,481.00 Hampton Community CENTER Cultural, Athletic and Visitor Attraction Grant to the Virginia Air and Space Center. A motion was made by Mr. Bagley and seconded by Ms. Shuford to approve the Resolution as presented. A roll call vote was taken which resulted as follows: 2  Ayes: Bagley, Bellinger, Shuford, Brown and Arnold Nays: None CLOSED Chair Arnold stated a Closed Meeting will now be held in MEETING accordance with Section 2.2-3711.A.3 of the Code of Virginia for discussion or consideration of the acquisition of real property for a public purpose in Coliseum Central 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 facility in the community. A motion was made by Mr. Bagley and seconded by Ms. Brown to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Shuford, Brown and Arnold Nays: None CERTIFICATION Chair Arnold 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 Arnold asked for any statements. There were none. A motion was made by Ms. Brown 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, Shuford, Brown and Arnold Nays: None Note: Mr. Bagley left the meeting during the Closed Session and was not present for the vote OLD BUSINESS There was no old business OTHER BUSINESS Mr. Sledge advised that the “Hampton State of the City” address is scheduled for Monday, September 14 and announcements are forthcoming. NEW BUSINESS Ms. Valldejuli announced that Ms. Patricia Melochick will be assuming the position of Senior Deputy City Attorney and will be assigned to Economic Development and Finance effective July 27, 2015. Ms. Valldejuli is in the process of realigning staff. 3 RELEASE OF THE Mr. Girouard presented the Release of the First Right of Refusal FIRST RIGHT OF for 130 Research Drive. A motion was made by Dr. Bellinger and REFUSAL seconded by Ms. Shuford to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bellinger, Shuford, Brown and Arnold Nays: None ADJOURNMENT There being no further business, the meeting was adjourned at 10:11 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/bsb 4