Board Meeting Minutes 4/16/19

Gateway Marietta Community Improvement District

Meeting of Board of Directors

Parkway Center

1850 Parkway Place, Suite 520

Marietta, Georgia 30067

April 16, 2019

 

MINUTES

 

Board Members in Attendance

Mark Lawson – Chairman

Kim Gresh – Vice Chairman

Bob Morgan - Treasurer

Milton Dortch

Jon Harris

Rube McMullan

 

Other Officer

Caroline Whaley, SCP - Secretary

 

Other Attendees

Lynn Rainey, Board Counsel

Daniel Cummings, City of Marietta

Major Jake King, Marietta Police Department

Geoff Koski, Bleakly Advisory Group

Dan Dobry, Croy Engineering

Holly Quinlan, Cobb Travel & Tourism

Joseph Goldstein, City of Marietta

Cheryl Richardson, City of Marietta

James Hudgins, Arcadis

Daniel Foster, GA Commute Options

Ricky Lenox, MDJ

Laura Keefe, YELLS

Jim Caswell, Bridge CRE

Jennifer Dawes, TSO

Sam Shenbaga, ARC

 

Call to Order

At 7:31 a.m. Chairman Mark Lawson called the board meeting.

 

Board Meeting Minutes

Mr. Lawson gave the board members time to review the drafts of the March 19 and March 22, 2019 board meeting Minutes.  Upon the motion of Mr. Morgan, seconded by Mr. Dortch, the Minutes were approved unanimously.

 

 

 

 

Treasurer’s Report

Mr. Morgan presented the invoices for approval totaling $77,864.47.  Upon the motion of Mr. Morgan, seconded by Mr. Dortch, the board unanimously approved the payment of the invoices.

 

City Update

Daniel Cummings of the City updated the board that the City is under contract with AMB Group for 17.1 acres with the sale price of $9.6 M.  Working on a concept for the property and with this sale they will be CID tax paying.  The proposed submittal for townhomes at the Salvage yard will go before Planning Commission in May.  Hilton Home2Suites is nearing completion and has pushed its opening back to mid-May.  The City sold 994 and 995 Roswell Street to Atlanta Hard Cider.  It will be a new build, and with this there will be 7 breweries, ciders, meadery within the City limits. 

 

An Easter Egg event was held at the Franklin Gateway Sports Complex.  Thousands came out to the event.  Roswell Street construction to wrap up mid-May and the S. Park Square is under construction with plans to complete within two weeks.  Mr. Cummings also reported that the Marietta Square Market opened and was seeing about 2,000 visitors per day. Finally, Envision LCI is wrapping up with the last community meeting on May 26th.

 

Project Updates

Ms. Whaley briefed the board on the Select Cobb Economic Development Trip to Toronto, Canada.  The board asked questions about past trips and Ms. Whaley answered the questions and provided that the trip is $3,500.  Upon the motion of Mr. Lawson and the second of Ms. Gresh, the board unanimously approved sending Ms. Whaley as the delegate for GMCID on the trip. 

 

Parkway Center/The Simpson Organization Update

Jennifer Dawes, Property Manager of Parkway Center/TSO, provided the board with updates regarding investment by TSO into the facilities.  Since the purchase, TSO has invested in tenant improvements, elevator remodel, corridor upgrades, parking deck restoration and rebranding. 

 

Jim Caswell, Leasing Agent with Bridge CRE, reported that these investments have led to an increase in rental rates, up 26% over the last 4 years to $27/ sq. ft.  The occupancy rate in 2014 was 52%, but is now 95%.

 

Other Business

Laura Keefe, YELLS, provided an update on the Gallery fire victims and thanked GMCID board members for their support.  Major King, MPD, updated the board on the Flock Security Cameras.  Roughly 1 arrest/week with assistance from the cameras installed on Franklin Gateway.  The City has agreed to purchase 10 more cameras and one will be installed on Northwest Parkway.

 

Atlanta Regional Commission Presentation

Sam Shenbaga, Manager of the Community Development Group of ARC, presented to the board an overview of ARC and how ARC and CIDs can work together.  He answered questions regarding ARC funding and what GMCID can be doing to connect with ARC.  Mr. Shenbaga recommended involvement with ARC on regionally significant issues.

 

 

Other Business

Geoff Koski with Bleakly Advisory Group provided a brief introduction and kick off to the upcoming Market Study.  He stated that the first task is to speak with each of the board members.  Mr. Koski will be working with Ms. Whaley on setting up interviews and setting a timeline for the project.

 

Next Meeting

The next regular board meeting is scheduled on May 21, 2019 at 7:30 a.m.

 

There being no further business, Mr. Lawson adjourned the meeting at 8:57 a.m.

 

Approved by the Gateway Marietta CID Board of Directors this ___ day of _________________, 2019  

                                               

 

_________________________________________Secretary

 

Caroline Whaley