Economic Development Authority of the City of Richmond, Virginia
Board Meeting
November 11, 2009
Members present:
Mr. Richard Johnson, Chair
Ms. Anne Greever, Vice-chair
Ms. Helen Alli
Mr. Kelvin Hanson
Ms. Tonya Scott-Hickman
Members Absent:
Mr. Dennis Ryan
Others present:
Mr. Brendan Williamson, Department of Economic Development
Ms. Betty-Anne Teeter, Department of Economic Development
Mr. Mark Ellison, Economic Development Authority
Lisa Jones, Reese and Associates
Alan Reese, Reese and Associates
I. Call to Order
Mr. Johnson called the meeting to order at 9:22 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 Ms. Alli. The minutes were unanimously approved by the Board.
IV. Unfinished Business
•The update on the EDA Revolving Loan Fund Closeout was left on the agenda for the next board meeting. Ms. Gordon-Greever request that the report be given by Ms. Bonnie Ashley.
•Mr. Johnson stated that for the CARE and Extra CARE loan programs he will follow up with Ms. Ashley on the 7th and 17th project.
The presentations for the 2nd and Marshall proposals began at 9:50am.
•After the presentations concluded the dates for the Executive and Development committees as well as the Board Meeting were set for the 9th of December, 2009.
V. Financial Overview
•Altria has been paid as requested. Financially things are moving along smoothly.
•Mr. Reese was asked to please contact the representative of Stony Point in order to deliver the 2009 Storm Water Invoice received by Mr. Ellison.
•It was recommended that the Board track down the notice of termination for the 2nd and Marshall Lot.
VI. Report of the Officers
Report of the Chairman
•Mr. Johnson reported that we have focused heavily on the RFQ. Transfer of funds to Altria went smoothly. Mr. Johnson asked that all emails containing personnel information should stop and any future issues be discussed in executive session.
•Mr. Johnson will be exploring options for our new Executive Director.
•The Board requested that it be presented with a notice of termination for the 2nd a Marshall property.
VII. Committee Reports
Incubator Committee:
•The capital budget was reviewed, along with the tenant application process. A new policy will be drafted and in effect by December. Ms. Scott-Hickman discussed how she would like guidance from Mr. Chapman and Ms. Ferarra as to what role they will play in the EDA.
•Ms. Alli requested office space. Mr. Johnson asked that we outline the defined uses of said space.
•Mr. Hanson asked what and how we would like to define an incubator.
•The credit report for new tenants was approved by the committee.
VIII. New Business
•Nominations
oFor Chair:
Ms. Alli nominated Ms. Scott-Hickman
Ms. Greever nominated Mr. Johnson
oFor Vice-Chair:
Ms. Greever nominated Ms. Alli to be Vice-Chair
Mr. Hanson declines offer of nomination
IX. Adjournment
The meeting was adjourned at 12:55 pm.