Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY of the CITY OF HAMPTON, VIRGINIA Minutes – Regular Meeting December 15, 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., Dr. PRESENT Lewis J. Bellinger, Michelle T. Ferebee, L. Scott Seymour and Anne W. Shuford. Also present was Secretary-Treasurer Leonard L. Sledge. STAFF Pete Peterson, Patricia Melochick, Bonnie Brown, Terry O’Neill, PRESENT Robin McCormick, Susan Borland, Steven Lynch, Michael Yaskowsky, Daniel Girouard, Amy Jordan, Donald Whipple and Teresa Hudgins GUESTS Michael Jahncke – Virginia Tech Seafood Agricultural Research & PRESENT Extension Center (VSAREC) Steve Mallon – Craig Davis Properties MINUTES Chair Arnold stated the Minutes of the November 17, 2015 EDA board meeting were distributed. A motion was made by Ms. Brown and seconded by Ms. Ferebee to approve the Minutes as presented. The motion carried. SEAFOOD Dr. Jahncke with Virginia Tech gave a brief overview INDUSTRY OVERVIEW LOAN Ms. Ferebee reported the Loan Review Committee met on PROGRAM November 26, 2015 and reviewed the Loan Status Report dated October 21, 2015. The City Attorney’s Office has sent a notice of acceleration to Touch of Class Fencing. Dr. Bellinger inquired about the Grandview Island Grill grant and why it was made to the business owner and not the property owner. Mr. Sledge said the program guidelines allow for either to apply. There were no questions on the EDA Loan/Grant Program Fund Balance Sheet as of October 31, 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   Start! Peninsula 4.0 was held in Newport News and Frog-Skin, which is located in the Peninsula Technology Incubator, was one of the three winners. The event will be held in Hampton next year.  The RFP was released for the re-purposing of the Armory building as a craft brewery  City Council approved the Coliseum Central Master Plan RESOLUTION Mr. Sledge presented a Resolution setting forth the policy of the HRCN POLICY Economic Development Authority of the City of Hampton, Virginia pertaining to future development in Hampton Roads Center North Campus. Mr. Sledge said this Resolution was appropriate to continue the advancement ofth’s of same. A motion was made by Mr. Seymour and seconded by Ms. Shuford to approve the Resolution as presented. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Ferebee, Seymour, Shuford, Brown and Arnold Nays: None RIGHT OF Mr. Sledge reported the EDA and Hampton Roads Associates, FIRST REFUSAL LLC (Cordish) has a right of first refusal to purchase the former Johnny Carino’s site at the Power Plant. A third party has expressed an interest in purchasing the property for a Mexican restaurant. Staff’s position is to see a new restaurant on the site and recommends the EDA not exercise its right of first refusal. A motion was made by Mr. Bagley and seconded by Dr. Bellinger to not exercise the EDA’s right of first refusal. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Seymour, Shuford, Brown and Arnold Nays: None ADVISORY Mr. Seymour reported the EDA Advisory Committee met to COMMITTEE review plans submitted by C & D Store Development for a C & D STORE flex space project on Magruder Boulevard in Langley Research DEVELOPMENT & Development Park. The Committee recommends approval of the project based on the information submitted and subject to all terms and conditions outlined in the letter prepared by the City Attorney’s Office to C & D Store Development. A motion was made by Mr. Bagley and seconded by Ms. Shuford to approve the recommendation as set forth by the Committee. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Seymour, Shuford, Brown and Arnold Nays: None 2 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 Downtown Hampton and 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 Ms. Brown and seconded by Ms. Shuford to go into the Closed Meeting. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Seymour, 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 Mr. Seymour to conclude the Closed Meeting and return to the Meeting. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Seymour, Shuford, Brown and Arnold Nays: None A motion was made by Ms. Brown and seconded by Ms. Shuford to approve the Resolution and Agreement of Sale for the purchase of the property located at 100 S. King Street. A roll call vote was taken which resulted as follows: Ayes: Bagley, Bellinger, Seymour, Shuford, Brown and Arnold Nays: None A motion was made by Mr. Bagley and seconded by Ms. Shuford to approve the Resolution and Sale and Purchase Agreement for the purchase of the hotel property located at 1905 Coliseum Drive. A roll call vote was taken which resulted as follows: 3  Ayes: Bagley, Bellinger, Seymour, Shuford, Brown and Arnold Nays: None OTHER Mr. Arnold would like for the Nominating Committee to meet BUSINESS immediately following the December board meeting to select officers for the upcoming year. ADJOURNMENT There being no further business, the meeting was adjourned at 10:45 a.m. Respectfully submitted, Leonard L. Sledge Secretary-Treasurer LLS/tbh 4