Economic Development Authority

ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF HAMPTON, VIRGINIA AMENDED AGENDA – REGULAR MEETING Tuesday, November 15, 2016 8:30 A.M. Ruppert Leon Sargent Memorial Administration Building EDA Conference Room – Sixth Floor Call to Order Roll Call of Directors Introduction of Guests Approval of Minutes: October 18, 2016 ______________________________________________________________________ 1. Loan & Grant Review Committee (Michelle Ferebee – 5 Minutes)  Chair Report  EDA Active Loan Status Report – October 21, 2016  EDA Loan/Grant Program Fund Balance Sheet as of October 31, 2016  Façade Improvement Grant – Copeland Investment Properties  Downtown Hampton and Phoebus Retail Incentive Grant – Mellen Street Ventures, LLC 2. Economic Development Department Report (Leonard Sledge – 5 Minutes)  Status Report on EDA Actions  2015-2016 Report on Computer Cluster Established at the National Institute of Aerospace 3. Motion to approve a First Amendment to the Development Agreement made between the Economic Development Authority of the City of Hampton, Virginia (“Authority”) and 504-520 N King St, LLC (“Developer”) (Susan Borland – 5 Minutes) 4. Motion to approve a First Amendment to the Development Agreement made between the Economic Development Authority of the City of Hampton, Virginia (“Authority”) and Hampton Lodging Partners LLC (“Developer”) and Assignments of the Development Agreement and Performance Agreement from Hampton Lodging Partners, LLC (“Assignor”) to Hampton Hospitality Associates, Inc., a Virginia corporation (“Assignee”) (Susan Borland & Vanessa Valldejuli – 5 Minutes) 5. Proposed Rezoning of Langley Research and Development Park (Leonard Sledge – 10 Minutes) 6. Hold a Closed Meeting pursuant to Virginia Code Section 2.2-3711.A.3 for discussion or consideration of the disposition of publicly held real property in Hampton Roads Center North where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy of the Authority, Section 2.2-3711.A.5 to discuss prospective businesses or industries or the expansion of existing businesses or industries where no previous announcement has been made of the businesses’ or industries’ interest in locating or expanding its facility in the community and Section 2.2-2711.A.7 to consult with legal counsel regarding the modification of an existing loan agreement (Vanessa Valldejuli, Leonard Sledge and Patricia Melochick – 20 Minutes) 7. Old Business 8. Other Business 9. New Business 10. Adjournment 2