Economic Development Authority of the City of Richmond, VA
Board Meeting
September 24, 2009
Members present:
Mr. Richard S. Johnson, Chair
Ms. Anne Gordon Greever, Vice-Chair
Ms. Helen T. Alli
Ms. Tonya Scott-Hickman
Mr. Kelvin Hansen
Members absent:
Mr. Dennis Ryan
Others present:
Ms. Betty-Anne Teeter, DED
Ms. Bonnie Ashley, City Attorney
Mr. Alan Reese, Reese & Associates
Mr. Kevin Brown, Economic Development Authority
Mr. Mark A. Ellison, Economic Development Authority
I.Call to Order
•The regularly scheduled meeting of the Board of Directors was called to order at 4:02pm in the 8th Floor Conference Room of the Advantech building at 501 E. Franklin Street.
II.Public Comment
•No public comment was offered.
III.Approval of Minutes of the Previous Meeting
•A motion to approve with corrections was made, seconded and carried.
IV.Announcements
•Mr. Currin and Ms. Glass were removed from office as of September 24, 2009. Mr. Peter Chapman and Ms. Jane Ferrara will be working to bring the DED and the Community Development team together to create one department which will be called The Department of Economic and Community Development.
V.Unfinished Business
A.Update on the EDA Revolving Loan Fund Closeout
•Ms. Ashley reports that all documents were received by the federal EDA. We are now waiting to hear back.
B.Status of the CARE, Extra CARE and EZIL loan Program
•Documentation for the 6th and the 16th has been completed. Mr. Johnson asked Mr. Brown to please continue to work on the 7th and the 17th and send updates of the status of each. Mr. Reese asked that we create an easily accessible file of the discussed items.
C.RFQ- 2nd and Marshall Update
•Ms. Teeter shared with the board that we are on track and on schedule. Four companies came to the site visit resulting in no questions. On October 14th at 10:00am all submissions will be reviewed by the Development Committee.
VI.Financial Overview
•Mr. Reese summarized current financials.
•Mr. Reese is currently working on getting workers compensation for the EDA.
•Mr. Reese reported that all items requested by the auditor have been set into place.
VII.Reports of the Officers
A.Report of the Chairman.
•Mr. Johnson has heard of a potential CPA to fill the treasurer position. More details to follow.
B.Report of the Secretary
•There is no report.
VIII.Committee Reports
A. Executive Committee and Development Committee
•The Committees had a joint meeting to discuss parking needs of major employers, 2nd and Marshall Project, Executive Director Report and an Executive Session to discuss a personnel issue.
C.Finance Committee
•Nothing to report other than what was discussed earlier in this meeting.
D.Incubator Committee
•It was confirmed that the Board had approved the Incubator Committee to move forward with replacing carpet for the 1st and 2nd floor.
•The issue with the basement AC was discussed and a date, October 2nd, to gather AC replacement quotes was given to Mr. Ellison.
•Ms. Greever suggested that we should be proactive with the new administration and finding them space in the building. Mr. Johnson is to follow-up with Ms. Ferrara.
E.Loan Committee
IX.New Business
•A motion to accept settlement to pay off Carter Technologies was made by Ms. Alli, seconded by Mr. Hansen and carried.
•Atmore Corporation asked of the EDA to help them pay for their audit. A motion made by Ms. Greever to decline the request, seconded by Ms. Alli and carried unanimously by the Board.
X.Executive Session
•Ms. Hickman Scott made a motion to go into Executive session, which was seconded by Mr. Hansen and carried. The Executive Session called to order at 5:59pm. Audio of motion to exit Executive Session available by request.
XI.Adjourned
•Meeting Adjourned at 6:30pm.