Economic Development Authority of the City of Richmond, Virginia
Board Meeting
December 9, 2009
Members present:
Mr. Richard Johnson, Chair
Ms. Anne Greever, Vice-chair
Ms. Helen Alli
Mr. Kelvin Hanson
Ms. Tonya Scott-Hickman
Mr. Dennis Ryan
Others present:
Ms. Jane Ferrara, Department of Economic Development
Mr. Alan Reese, Reese and Associates
Ms. Lisa Jones, Reese and Associates
Mr. Mark Ellison, Economic Development Authority
I. Call to Order
Mr. Johnson called the meeting to order at 9:15 am in the boardroom on the eighth floor of the AdvanTech building at 501 E. Franklin Street.
II. Public Comment
•No public comment was offered.
III. Approval of the Minutes of the Previous Meeting
•Ms. Greever moved to approve the minutes from the previous meeting, seconded by Mr. Hanson. The minutes were unanimously approved by the Board.
IV. Financial Overview
•Mr. Reese pointed out that the Financials this month are running smoothly as planned. The building budget was reviewed- we are currently over budget, however all expenditures have been approved by the board.
•The storm water issued with Stony Point will be handled by Reese and Associates.
V. Report of the Officers
Report of the Chairman
•Mr. Johnson addressed the recent bond issue, the 2nd and Marshall project and the receipt of a letter from the NAACP.
VI. Committee Reports
Executive Committee:
•Mr. Johnson opened with discussions of the 2nd and Marshall Project.
•The board took time to discuss the letter sent from the NAACP
oThis issue has been sent to the incubator committee. Mr. Ellison is to draft a letter for Ms. Hickman to respond with.
oA response will be drafted with the help of the City Attorney.
•Ms. Greever requests that a letter be mailed on official letterhead for her and Mr. Johnson since they were sent the letter as well.
•Ms. Scott-Hickman urged that this me done as soon as possible.
VII. New Business
•The election of officers was moved to the January board meeting.
•The election of Ms. Ferarra was delayed based on the approval of the City Attorney for the reorganization. Ms. Ferarra and Mr. Chapman see value in the board and feel that they should work together with the DED and would like to show their support.
•Ms. Ferarra assures that although she will not be able to always deal with the day to day tasks involved with being the Executive Director she does have the resources to make sure the duties do get handled.
•Ms. Betty-Anne Teeter asked the Board to approve a letter of interest so the board can receive bond money to issue. Ms. Greever moves that we accept, motion seconded by Mrs. Alli. Mr. Dennis Ryan abstains from voting on the matter.
VIII. Adjournment
The meeting was adjourned at 11:25 am.