MINUTES OF THE REGULAR ANNUAL MEETING OF THE BOARD OF DIRECTORS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK FEBRUARY 12, 2025 AT 4:00 P.M. AT THE SUFFOLK MUNICIPAL CENTER BUILDING, 442 WEST WASHINGTON STREET, CONFERENCE ROOM 3 MEMBERS PRESENT Mary Snyder, Chair Wesley King, Vice-Chair BJWillie, Secretary-Treasurer Anthony Harper Karima Lockwood William Webb MEMBERS ABSENT: Chris Rice 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 Charles Meek, Director of Finance Chris Briardy, Financial Reporting and Compliance Manager OTHERS PRESENT: Darius Davenport, Crenshaw, Ware & Martin Steve Martin, Quality Integrated Services Brittany Simmons, Dinsmore & Shohl Jon Haynes, Bon Secours CFO CALL TO ORDER Ms. Snyder called the meeting to order at 4:00 p.m. Ms. Snyder welcomed Janet Days to the EDA Board Meeting as the new Director of Economic Development and Julia Hillegass as the new Agricultural Specialist. Ms. Snyder discussed with the Board a need to amend the agenda to include Wilroy Industrial Park - Revocable License & Right of Entry Agreement - Columbia Gas. Mr. Webb made a motion for the Board to accept the amendment. The motion was seconded by Mr. King and carried the following recorded vote: Ayes: Harper, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Board of Directors Meeting February 12, 2025 Page 2 OLD BUSINESS Minutes Mr. King moved to approve the minutes ofthe regular meeting of February 12, 2025. The motion was seconded by Ms. Lockwood and carried the following recorded vote: Ayes: Harper, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Financial Report. Ms. Snyder acknowledged the inclusion of the financial reports for the period ending December 31, 2024. Mr. Briardy gave a brief overview of the financial report to the Board. NEW BUSINESS Public Hearing = Tax - Exempt Bond Financing at Bon Secours Harbour View. Mr. Hughes briefed the board on the Tax Exempt Bond Financing at Bon Secours Harbour View. He introduced Brittany Simmons from Dinsmore & Shohl and Jon Haynes, Bon Secours CFO. Mrs. Simmons provided the board with an overview of the bond finances. Mr. Haynes gave an overview of the new Bon Secours Harbour View facility. Mr.Webb moved to approve A RESOLUTION APPROVING ISSUANCE OF REVENUE BONDS FOR BON SECOURS MERCY HEALTH, INC. The motion was seconded by Mr. King and carried the following recorded vote: Ayes: Harper, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Wilroy Industrial Park - Revocable License & Right of Entry Agreement - Columbia Gas. Ms. Trimyer briefed the board on Wilroy Industrial Park = Revocable License & Right of Entry Agreement. She introduced Steve Martin from Quality Integrated Services. Mr. Martin provided the board with a brief project overview. Mr. Willie moved to approve A RESOLUTION TO APPROVE A REVOCABLE LICENSE AND RIGHT OF ENTRY AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SUFFOLK AND COLUMBIA GAS TRANSMISSION, LLC. The motion was seconded by Ms. Lockwood and carried the following recorded vote: Ayes: Harper, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Hampton Roads Alliance Monthly Newsletter Ms. Snyder presented the January 2025 Hampton Roads Alliance Suffolk Marketing Activity Report. Ms. Snyder presented the January 2025 Suffolk Marketing Activity Report. Downtown E-Newsletter. Ms. Snyder presented the February 2025 Downtown E-Newsletter. Suffolk E-Newsletter. Ms. Snyder presented the February 2025 Suffolk E-Newsletter. Board of Directors Meeting February 12, 2025 Page 3 Motion for Closed Meeting Mr. King 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, Project Joe at The Point at Harbour View and Project Storage at Northgate Commerce Park 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, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed A Resolution of Certification of the Closed Meeting Mr. Harper moved to approve A RESOLUTION OF CERTIFICATION OF THE CLOSED MEETING OF FEBRUARY 12, 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, King, Lockwood, Snyder, Webb, Willie (6) Nays: None (0) Abstain: None (0) Motion Passed Ms. Snyder reminded the Board that the next meeting will be on Wednesday, March 12, 2025 at 4:00 p.m. at the 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 4:40 p.m. IA Approved: Villiam Wibbi Vice- Chaiman 3 Teste: wgz BJ Wilie, Secretary-Treasurer