DEVELOPMENT AUTHORITY OF CLAYTON COUNTY, REDEVELOPMENT AUTHORITY OF CLAYTON COUNTY, URBAN REDEVELOPMENT AGENCYOF CLAYTON COUNTY AND MINUTES OF REGULAR SESSION! MEETING THURSDAY,JUNE 13,2024 The regular session meeting of the Development Authority of Clayton County, Redevelopment Authority of Clayton County, and Urban Redevelopment Agency of Clayton County was held on Thursday, June 13, 2024, at 6:00 p.m., at CCPS Café, 1098 Fifth Avenue, Jonesboro, GA 30236. Members present at the meeting were Dr. Harrison Braddy, Chair; Randy Burton, Vice- Chair; Terry Baskin, Secretary/leasurer, Mark Christmas, Assistant Secretary/Ieasurer, Emma Godbee (by telephone at 6:15 p.m.); Dr. Tim Hynes; Don Craddock; and Rich Mahon. Also present was Authority counsel, M. Michelle Youngblood; and Somanetha Moulate, assistant tothe Chairman. Also present were guests Mayor Angelyne Butler, City of Forest Park; Joe Johnson, CBG Building Company; William Cossey, ProComm; Ashley Kekula, Denis McGouirk, Doral Moore, Ebony Johnson, Brian Herbert, and Tiffany Duckworth, Leadership Clayton; DeWayne Martin, Clayton County Public Schools; Shirley Bettis and Lolethia Chapman, Stella Realty Group; Levar Norsworthy; and members of the public. Call to Order and Invocation Dr. Braddy called the meeting to order at 6:10 p.m. and called on Mark Christmas for the invocation. Approval of Agenda Dr. Braddypresented the agenda. He asked tomove items 8 and 19(Aerotropolis and Metro Chamber 2024 membership renewals) to the consent agenda, and to table item 7 (dormant accounts). Healso asked toa add new: items in those slots under Old Business, soi item 7 would be Forest Park project, item 8 would be Construction Ready update, and item 9 is property manager draw request for 1630 Phoenix Boulevard. After a general discussion, upon motion by Mark Christmas, seconded by Terry Baskin, it was unanimously: RESOLVED: That the agenda be approved as amended. (Board member Emma Godbee. joined the meeting by telephone at 6:15 p.m.) Approval of Consent Agenda 27103781/50.102155 Page1of5 DEVELOPMENT AUTHORITY OF CLAYTON COUNTY, REDEVELOPMENT AUTHORITY OF CLAYTON COUNTY, URBAN REDEVELOPMENT AGENCYOF CLAYTON COUNTY AND Mayor Angelyne Butler, City of Forest Park, discussed Project Moonshot. She introduced Joe Johnson, Vice President ofCBG Building Company, which is the proposed general contractor for the project, and William Cossey, ProComm, the proposed developer for the project. Project Moonshot is aj proposed mixed use development on Main Street in Forest Park. The total cost for thej project is $851 million, which they propose toi finance with taxable bonds. Mr. Cossey discussed thep pro forma, which is revenue positive at 95% occupancy. Upon questioning from the Authority Board, with the rents proposed in the pro forma, the project would not be revenue positive at 90% occupancy. After further discussion, it was the consensus oft the Authority for the Chairman and Authority counsel to meet with the project team to discuss further. (Board members Craddock and Christmas re-entered the meeting at 7:25 p.m.) 8. Construction Ready Update DeWayne Martin reported that the Construction Ready program has graduated 54Clayton County students since 2022. Collectively, they earned 432 credentials and achieved a 94%. job placement. Henoted that some ofthestudentswere. still 17years old, sO they would notl be eligible for employment at the time of graduation from the program. He reported that 16 different companies were scheduled to participate in a job fair on June 27 to interview 22 current students. 9. Draw Request - 1630 Phoenix Boulevard Dr. Braddyreported that theproperty manager for1630 Phoenix Boulevard submitted their monthly draw request. Authority counsel reminded the Board that it approved the budget fort this property, and the trustee ordinarily disburses funds to the property manager each month in accordance with the approved budget. This request is the regular monthly draw request, which previously was copied to the Executive Director. NEW BUSINESS 10. Leadership Clayton 2024 Presentation Group 4ofLeadership Clayton presented their teamj project, called Haunteen Reality. Itis an interactive program designed tol help teenagers assess risks and make decisions in three (3).key areas: substance use, distraçted driving, and STIs. The goal is to reach 1,000 students in the Clayton County Public School system. Aftera general discussion, upon motion by Rich Mahon, seconded by Tim Hynes, it was unanimously: RESOLVED: To sponsor the event as a Community Leader, at a cost of $1,000.00. 27103781/50.102155 Page3of5 DEVELOPMENT AUTHORITY OF CLAYTON COUNTY, REDEVELOPMENT AUTHORITY OF CLAYTONCOUNTY, URBAN REDEVELOPMENT AGENCYOF CLAYTON COUNTY AND Dr. Braddypresented the consent agenda. Afterageneral discussion, upont motion by Rich RESOLVED:That: the consent agenda (minutes ofregular and executive session meetings Mahon, seconded by" Terry Baskin, it was unanimously: froml May 9,2024, Treasurer's report, and Aerotropolis and Metro Chamber 2024 membership renewals) be approved as presented. Public Comment Carnetta Frazier addressed the Board. OLD BUSINESS 4. Office of the Chairman Administrative Report Dr. Braddyreported that the lease renewal letter from Georgia Vocational Rehabilitation Agency was received. He is scheduled to meet with the State Properties Commission regarding the building at 1630 Phoenix Boulevard. 5. ToTo: Bond Resolution Authority counsel reported that the bonds were validated on June 10, 2024. The final closing date has not been set yet. 6. 5711 Jonesboro Road: Property Inspection Report Vice Chair Burton reported that had just received the quote fort thej price toi repair the storm drain and related damage to the parking lot at 5711. Jonesboro Road. The cost is $76,712.73. He reminded the Board that the cost ofthei inspection to determine the cause and extent oft the damage and necessary repairs would be applied tot thet total cost. Afterag general discussion, the matterwas tabled to see ift the Water. Authority can assist with the repair. (Board members Craddock and Christmas exited the meeting at 6:34 p.m. due to a confliçt of interest.) 7. City of Forest Park -] Project Moonshot 27103781/50.102155 Page2of5 DEVELOPMENT ATOATYOTCANTONCANT, REDEVELOPMENT AUTHORTYOFCLAYTON. COUNTY, URBANREDEVELOPMENT AGENCYOFCLAYTONCOUNTY AND 11. Insurance Renewals 2024-25 Authority counsel reported that the. Authority's current general liability and directors and officers insurance policies expire in late July /early August. Aftera general discussion, upon motion by Mark Christmas, seconded by Rich Mahon, it was unanimously: RESOLVED: That the officers be and hereby are authorized to complete, execute, and submit renewal applications for all current insurance policies. OTHER BUSINESS 11. Executive Session Dr. Braddynotedthatthe: aneed foran executive session to discuss real estate,personnel, and potential litigation matters. Upon motion by Dr. Tim Hynes, seconded by Randy Burton, it was unanimously: RESOLVED:To. adjourn into executive session fort the purposes ofdiscussing real estate, personnel, and potential litigation matters. Whereupon, the meeting adjourned into executive session at 8:00 p.m. The open meeting reconvened at 8:42 p.m. Board members Don Craddock and Mark Christmas, who had exited the executive session meeting at 8:02 p.m. duetoa conflict ofinterest, re-entered the. meeting at 8:42 p.m. 12. Consideration of items, if any, discussed in Executive Session There were no matters to consider. Dr. Braddy inquired whether there was any furtherbusiness to come beforethe Authority. There being none, aftera general discussion, upon motion by Dr. Tim Hynes, seconded by Randy Burton, it was unanimously: RESOLVED: That the meeting be adjourned. Whereupon, the meeting adjourned at 8:43 p.m. LE 27103781/50.102155 Page 4of5 DEVELOPMENT AUTHORITY OF CLAYTONO COUNTY, REDEVELOPMENT AUTHORITYOF CLAYTONCOUNTY, UREANREDEVILOMENT AGENCY OF CLAYTON COUNTY AND OR MCLA Mark Christmas, Assistant Secretary/Ireasurer 27103781/50.102155 Page 5of5