04-13-1995 DDA MeetingDDA MEETING
APRIL 13, 1995
Present: Chairman A. Max Bacon Hubert Black
C. J. Fouts Jimmy Wilson
Doug Stoner Jim Pitts
Willouise Spivey
Absent: Steven Shupert
The DDA, Downtown Development Task Force and the Mayor and Council
met April 13, 1995, at the Community Center in Meeting Room 2. The
purpose of the meeting was to discuss the future plans for the
downtown area and take the necessary action to convey the land to
Thomas Enterprises in order to allow construction to begin.
Gordon Mortin, BankSouth Securities; Bruce Brooks, Thomas
Enterprises; and Alex Paulson of Alex Paulson Architects were also y
in attendance to answer questions and make a presentation of
proposed buildings in the office and retail area of the property.
Bruce Brooks stated Thomas Enterprises works on a fast track and
therefore the need to meet with the DDA and the Downtown
Development Task Force. He stated his company is ready to begin
work and explained the first building to be constructed will be a
36,000 sq. foot office building with the corporate offices of
Thomas Enterprises to be located on the top floor which will
consist of 18,000 sq. feet; the lower level (18,000 sq. feet) will,.
be reserved for retail space. Mr. Brooks also explained it may be
necessary to purchase additional property to allow adequate
parking. He further stated all buildings will be in compliance
with the ADD1 guidelines.
Mr. Paulson presented drawings of the proposed buildings and
answered questions from the audience.
Chuck Madison, Chairman of the Downtown Development Task Force
stated he would entertain a motion from the members of the Task
Force to recommend to the DDA and the Mayor and Council to accept
the plans as submitted. Motion was so moved and seconded. The
motion was approved unanimously.
Mr. Brooks stated Thomas Enterprises will mobilize on April 24 --
after the Jonquil Festival scheduled for April 22-23.
Hubert Black, DDA, made a motion that a resolution to convey the
land to Thomas Enterprises be adopted. Jimmy Wilson seconded the
motion. Motion was approved unanimously by the members in
attendance.
Gordon Mortin recommended the following resolution. Authorize the
Chairman of the DDA and the secretary to execute whatever documents:
are necessary to transfer the ownership of the property identified'''"
as Tract A on the exhibit to Thomas Enterprises. Doug Stoner made
a motion the above resolution be approved. Jim Pitts seconded the
motion. Motion was approved unanimously.
Gordon Mortin then stated there was one additional item that needed
to be discussed by the DDA and that was the restructuring of the
DDA Escrow Account. Jim Pitts made a motion to authorize BankSouth
Securities to pursue and execute the restructuring of the DDA
Escrow Account in conjunction with the 1993 DDA refunding bonds.
C. J. Fouts seconded the motion. Motion was approved unanimously.
Meeting was adjourned at 8:35 p.m.
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