MINUTES OF THE REGULAR ANNUAL MEETING OF THE BOARD OF DIRECTORS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK April 9, 2025, AT 4:00 P.M. AT THE SUFFOLK MUNICIPAL CENTER BUILDING, 442 WEST WASHINGTON STREET, CONFERENCE ROOM 3 MEMBERS PRESENT Wesley King, Chair William Webb, Vice-Chair BJ Willie, Secretary-Treasurer Anthony Harper Karima Lockwood Leslie Martin MEMBERS ABSENT: Simon Stevenson STAFF PRESENT: Kevin Hughes, Deputy City Manager Janet Days, Director of Economic Development Deanna Trimyer, Assistant Director of Economic Development Terry Smith, Senior Business Development Manager Sheena Idlette, Economic Development Associate Erin Dears, Business Development Manager Julia Hillegass, Agricultural Specialist Kate Bianchi, Business Development Analyst Charles Meek, Director of Finance OTHERS PRESENT: Darius Davenport, Crenshaw, Ware & Martin John Rector, Council Member Timothy Johnson, EDA Council Liaison Cannon Moss, President & General Manager at Norfolk and Portsmouth Belt Line Railroad CALLTO ORDER Mr. King called the meeting to order at 4:00 p.m. OLD BUSINESS Minutes Mr. Webb moved to approve the minutes of the regular meeting of March 12, 2025. The motion was seconded by Mr. Willie and carried the following recorded vote: Ayes: Harper, King, Martin, Webb, Willie (5) Nays: None (0) Abstain: None (0) Motion Passed Financial Report. Mr. King acknowledged thei nclusion oft the financial reports for the period ending February 28, 2025. Mr. Meek gave a brief overview of the financial report to the Board. Board of Directors Meeting April 9, 2025 Page 2 NEW BUSINESS Review of EDA Properties Ms. Trimyer, Ms. Smith, Mrs. Days, and Mr. Hughes gave the Board an overview of the currently owned EDA properties. Accept & Appropriate Funds Ms. Trimyer provided the Board with a summary of the Blue Point Investment Group, LLC and requested approval to accept and appropriate funds fori the company's EDIP Grant. Mr. Webb moved to approve Al RESOLUTION TO ACCEPT AND APPROPRIATE INCENTIVE FUNDS TO BLUE POINT NVESTMENT GROUP, LLC. The motion was seconded by Mr. Harper and carried the following recorded vote: Ayes: Harper, King, Martin, Webb, Willie (5) Nays: None (0) Abstain: None (0) Motion Passed Façade Grant Completion - Connor's Deli & Catering (1330 Holland Road) Ms. Trimyer provided the Board with a summary of the completion of the façade grant previously approved by the Board for 1330 Holland Road, Connor's Deli & Catering Façade Grant Application - White Multi-Purpose (6142 Whaleyville Blvd.) Ms. Trimyer gave the Board an overview of an application submitted by White Multi-Purpose Center for a Façade Grant ini the amount of $9,497.50 fort the business located at 6142 Whaleyville Blvd. Mr. Willie moved to approve the grant. The motion was seconded by Mr. Webb and carried the following recorded vote: Ayes: Harper, King, Martin, Webb, Willie (5) Nays: None (0) Abstain: None (0) Motion Passed Small Business Improvement Grant Application - White Multi-Purpose Center (6142 Whaleyville Blvd.) Ms. Trimyer gave the Board an overview of an application submitted by White Multi-Purpose Center for a Small Business Improvement Grant in the amount of $9,040.10 for the business located at 6142 Whaleyville Blvd. Mr. Webb moved to approve the grant. The motion was seconded by Mr. Harper and carried the following recorded vote: Ayes: Harper, King, Martin, Webb, Willie (5) Nays: None (0) Abstain: None (0) Motion Passed Small Business Improvement Grant Application - Holland's Produce (100 N Commerce St.) Ms. Trimyer gave the Board an overview of an application submitted by Holland's Produce for a Small Business Improvement Grant in the amount of $10,000.00 for the business located at 100 N Commerce St. Mr. Willie moved to approve the grant. The motion was seconded by Mr. Webb and carried the following recorded vote: Ayes: Harper, King, Martin, Webb, Willie (5) Nays: None (0) Abstain: None (0) Motion Passed Board of Directors Meeting April 9, 2025 Page 3 Port Infrastructure Development Program (PIDP) Mr. Moss spoke on behalf of the Norfolk and Portsmouth Belt Line Railroad to formally request that the Suffolk Economic Development Authority sponsor their application for a $25 million federal grant. The funding would allow them to rehabilitate their moveable lift bridge on the Southern Branch of the Elizabeth River. Mrs. Lockwood moved to approve the grant. The motion was seconded by Mr. Harper and carried the following recorded vote: Ayes: Harper, Lockwood, King, Martin, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Hampton Roads Alliance Monthly Newsletter: Mr. King presented the March 2025 Hampton Roads Alliance Monthly Newsletter. Suffolk Marketing Activity Report: Mr. King presented the March 2025 Suffolk Marketing Activity Report. Downtown E-Newsletter: Mr. King presented the April 2025 Downtown E-Newsletter. Suffolk E-Newsletter: Mr. King presented the April 2025 Suffolk E-Newsletter. Motion for Closed Meeting Mr. Webb moved to reconvene in a closed meeting for the purpose of' "A discussion or consideration of acquisition of real property for a public purpose, or of the disposition of publicly held real property, where discussion in an open meeting would adversely affect the bargaining position or negotiating strategy of the Authority" specifically concerning, property at "Obici Place" pursuant to Virginia Code Section 2.2 - 3711 (A)(3) The motion was seconded by Mr. Harper and carried the following recorded vote: Ayes: Harper, Lockwood, King, Martin, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed AResolution of Certification oft the Closed Meeting Mr. Willie moved to approve A RESOLUTION OF CERTIFICATION OF THE CLOSED MEETING OF April 9, 2025 PURSUANT TO SECTION 2.2-3712 OF THE CODE OF VIRGINIA (1950), AS AMENDED. The motion was seconded by Ms. Lockwood and carried the following recorded vote: Ayes: Harper, Lockwood, King, Martin, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Mr. King reminded the Board that the next meeting will be on Wednesday, May 14, 2025, at 4:00 p.m. in the City Council Conference Room at the Suffolk Municipal Building, 442 West Washington Street. Adjourn. There being no further business, the EDA meeting was adjourned by Mr. King at 4:59 p.m. Approved: Wesley King,Chair & ws Teste: BJ Willie Secretay-Treasurer