Forest Park/Fort Gillem Local Redevelopment Authority

Board of Directors Meeting

February 27, 2008

Minutes

A regular meeting of the Forest Park/Fort Gillem Local Redevelopment Authority was held on Wednesday, February 27, 2008, at the Forest Park City Hall, 745 Forest Parkway, Forest Park, GA 30297.

Board Members: John Parker, Vice Chairman; Sparkle Adams; Cynthia Easley for Mike Beatty; Corine Deyton; Don Judson; Linda Lord; Maudie McCord.

Staff, Legal Counsel and Others: Fred Bryant, Executive Director; Joe Harris, City Attorney; Frank Barton, OEA; Herb Wolverton, Fort Gillem Base Transition Coordinator; Steve Labovitz and Bob Tritt, McKenna, Long and Aldrich.

Vice Chairman Parker called the meeting to order at 6:00 p.m. It was determined that a quorum was present. The following matters were addressed:

Approval of Minutes: Linda Lord made a motion to approve the minutes of the December 19^th meeting, seconded by Don Judson. The Board voted unanimously to approve the minutes.

Chairman’s Announcements and Comments:

John Parker announced that the Fort Gillem project has been nominated for the “Best in Atlanta Real Estate Awards.” The presentation will be March 6, 2008, at the Grand Hyatt Buckhead. John also welcomed Starlyn Baxter of the Associated Credit Union.

Executive Director’s Update:

Fred Bryant discussed the GA Legislative Delegation Update conducted at Forest Park City Hall on February 18, 2008. Senator Gail Davenport and Councilwoman Maudie McCord attended. Representative Celeste Johnson sent an email regretting she could not attend, but expressing her desire to stay involved as the project develops.

Old Business:

None.

New Business:

The ADC Winter Forum was held in New Orleans, LA, 11-13 February 2008. Fred Bryant, Corine Deyton, Linda Lord and Maudie McCord attended. The forum provided an excellent opportunity for the new board members to educate themselves on the process. There was also new information sessions that focused on per-implementation planning. A short meeting was held with Army representatives. No new information was discussed, but we did reiterate the LRA’s desire to meet with the new DASA and ASA Eastin.

John Parker nominated Mr. John Westervelt to serve as the Board Chairman. Corine Deyton made a motion to appoint John Westervelt as the Chairman, seconded by Don Judson. The Board voted unanimously to approve the motion.

The Associated Credit Union has submitted a letter to the Board requesting that it be authorized to continue operations as a financial institution after Fort Gillem closes. John Parker indicated the Board would fully consider the request as the project moves forward.

The Board discussed the Exclusive Negotiation Agreement (ENA) Term Sheet (between the LRA, the City and Forest Park Development Partners, LLC), a final copy of which had been provided to each Board member. Linda Lord asked for clarification of paragraphs 3, 4, and 5 of the “Financial Arrangements” section. Joe Harris, City Attorney, provided a brief explanation of those paragraphs. Don Judson made a motion to approve the ENA, seconded by Corine Deyton. The Board voted to approve the motion, Sparkle Adams abstaining.

Open Discussion:

Mike Caldwell, Director of Operations, Clayton County Board of Education, made an informal request to consider the Board’s desire to open a new operations and storage facility on Fort Gillem. He indicated a formal written request would come in the future. Mr. Parker indicated the Board would certainly take that request under advisement.

Adjournment:

A motion was made by Sparkle Adams to adjourn the meeting. The motion was seconded by Maudie McCord. The meeting was adjourned at 6:22 p.m.

Recorded By:

Fred Bryant, Forest Park/Fort Gillem LRA

Executive Director

Approved:

March 26, 2008

Fred E. Bryant

Executive Director