Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF HAMPTON, VIRGINIA LOAN REVIEW COMMITTEE MEETING MONDAY, SEPTEMBER 28, 2015 8:30 a.m. EDA Conference Room AGENDA I. Call to Order II. Approval of Minutes – August 24, 2015 III. EDA Old Point Trust & Financial Services Statement of Account August 1, 2015 through August 31, 2015 IV. EDA Active Loan Status Report dated September 21, 2015 V. EDA Loan/Grant Program Fund Balances as of August 31, 2015 VI. Hold a Closed meeting pursuant to Virginia Code §2.2-3711A.7 to consult with legal counsel pertaining to actual or probable litigation where such consultation in open meeting would adversely affect the negotiating or litigating posture of the Authority and to consult with legal counsel regarding specific legal matters requiring the provision of legal advice by such counsel VII. NEW BUSINESS  Hampton Revolving Loan & Grant Fund Building Improvement Grant  Mellen Street Creative/Studio 9 - $5,121.36  Hampton Academy of Music, Dance and Drama, Inc. - $0  Hampton Revolving Loan & Grant Fund Grant Request  Unmanned Aerial Systems Proof of Concept Center - $50,000  Proposed revisions to the Downtown Hampton and Phoebus Retail Incentive Grant Program (DHPRIP) Guidelines VIII. OLD BUSINESS  Retail Revitalization Grants: Mirroz, LLC – Update on judgment Zooms Pacific, LLC – Chapter 13 Filing  EDA Loan: Cawthorn’s Cut & Fitness Center – Chapter 7 Filing IX. Next meeting – October 26, 2015 X. Adjourn