MINUTES OF THE REGULAR ANNUAL MEETING OF THE BOARD OF DIRECTORS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK AUGUST 14, 2024A AT 4:00 P.M. AT THE SUFFOLK MUNICIPAL CENTER BUILDING, 442 WEST WASHINGTON STREET, CITY COUNCIL CONFERENCE ROOM MEMBERS PRESENT Mary Snyder, Chair Wesley King, Vice-Chair Anthony Harper Simon Stevenson (virtually via WebEx) William Webb BJ Willie Karmina Lockwood Chris Rice MEMBERS ABSENT: STAFF PRESENT: Kevin Hughes, Deputy City Manager Deannal Trimyer, Assistant Director of Economic Development Terry Smith, Senior Business Development Manager Delaney Rhoads, Business Development. Analyst Charles Meek, Director of Finance Chris Briardy, Financial Reporting & Compliance Manager Roger Fawcett, City Council Darius Davenport, Crenshaw, Ware & Martin OTHERS PRESENT: CALL TOORDER Ms. Snyder called the meeting to order at 4:02 p.m. King and carried the following recorded vote: Ms. Snyder discussed with the Board that Mr. Stevenson would be joining the meeting virtually. Mr. Webb made a motion that the Board allow Mr. Stevenson to participate in the meeting via WebEx. The motion was seconded by Mr. Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Webb (4) Willie (1) None (0) Ms. Trimyer discussed with the Board ar need to amend the agenda toi include av vote fora as Small Business Improvement Grant. Mr. Willie made ar motion that the Board accept the amendment. The motion was seconded by Mr. Webb and carried thet following recorded vote: Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Stevenson, Webb, Willie (6) None (0) None (0) Board of Directors Meeting August 14, 2024 Page 2 OLD BUSINESS Minutes. Mr. Kingi moved to approve the minutes of the regular meeting of July 10, 2024. The motion was seconded by Mr. Harper and carried thet following recorded vote: Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Stevenson, Webb, Willie (6) None (0) None (0) Financial Report. Ms. Snyder acknowledged thei inclusion of the financial reports for the period ending June 30, 2024. Mr. Briardy gave al brief overview of the financial report to the Board. NEW BUSINESS Small Business Improvement Grant Application - 1330 Holland Road (Conner's Deli & Catering). Ms. Trimyer briefed the Board on an application submitted by Conner's Deli & Catering for a Small Business Improvement Grant in the amount upt to $10,000 fort the business located at 1330 Holland Road. Mr. Willie moved to approve. Al RESOLUTION OFT THEI ECONOMIC DEVELOPMENT AUTHORITY OF THECITY OF SUFFOLKTOAUTHORZE THE AWARDOF AS SMALL BUSINESS IMPROVEMENT GRANT TO CONNER'SI DELI & CATERING LLC. The motion was seconded by Mr. Webb and carried thet following recorded vote: Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Stevenson, Webb, Willie (6) None (0) None (0) Accept & Appropriate Funds. Ms. Smith provided the Board with a summary of the project for Lowe's Home Centers, LLC and requested approval to accept and appropriate funds for the company's EDIP Grant. Mr. Webb moved to approve A RESOLUTION APPROVING THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK TO ACCEPT AND APPROPRIATE FUNDS TO PROVIDE AN ECONOMIC DEVELOPMENT INVESTMENT PROGRAM GRANT TOL LOWE'S HOME CENTERS, LLC. Ther motion was seconded by Mr. Willie and carried thet following recorded vote: Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Stevenson, Webb, Willie (6) None (0) None (0) Board of Directors Meeting August 14, 2024 Page 3 EDIP Agreement - Bluel Point (New Realm). Ms. Smith briefed the Board ont thel EDIP Grant Agreement with Blue Point Investment Group, LLC. Mr. Webb moved to approve A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK TO AUTHORIZE THE AWARD OF AN ECONOMIC DEVELOPMENT INVESTMENT PROGRAMGRANTTO: BLUE POINTI INVESTMENT GROUP, LLC. Ther motion was seconded by Mr. King and carried the following recorded vote: Ayes: Nays: Abstain: Motion Passed Harper, King, Snyder, Stevenson, Webb, Willie (6) None (0) None (0) Hampton Roads Alliance Monthly Newsletter. Ms. Snyder presented the. July 2024 Hampton Roads Alliance Monthly Newsletter. Mr. Copley gave a brief overview of recent activities from the Hampton Roads Alliance to the Board. Suffolk Marketing Activity Report. Ms. Snyder presented the July 2024 Suffolk Marketing. Activity Report. Downtown E-Newsletter. Ms. Snyder presented the August 2024 Downtown E-Newsletter. Suffolk E-Newsletter. Ms. Snyder presentedi the August 2024 Suffolk E-Newsletter. NON-AGENDAITEMS Mr. Hughes briefed the Board of several events coming up to include; ESKA Grand Opening and Port 460 Groundbreaking. He also updated the Board on various staff promotions and upcoming job openings within the Mr. Webb asked about the Board's role in the Comprehensive Plan. Mr. Hughes will give an overview on this during Ms. Snyder reminded the Board that the next meeting willl be on Wednesday, September 11,2024 at 4:00 p.m. at the Economic Development Department. the September meeting. Suffolk Municipal Building, 442' West Washington Street, City Council Conference Room. Adjourn. There being no further business, the EDA meeting was adjourned by Ms. Snyder at 4:35 p.m. Approved: Saks shupher Teste: Rbe