Industrial Development Board of the City of Oak Ridge City of Oak Ridge Municipal Building Training Room MONDAY FEBRUARY 4,2013 4:00 pm

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1 Industrial Development Board of the ity of Oak Ridge ity of Oak Ridge Municipal Building Training Room MONDAY FEBRUARY 4,213 4: pm I. all to Order David Wilson II. Roll all SandySexton Ill. Approval of Agenda David Wilson IV. Approval of Minutes David Wilson a. January7,213 b. Special Meeting - January 15, 213 V. Treasurer s Report Harold Trapp a. Financial Statements December 212 VI. Prospect Activity Report a. Prospect Update Kim Denton VII. Attorney s Report a. Nucsafe PILOT Dissolution Ken Krushenski VIII. ommittee Reports a. Finance ommittee Harold Trapp b. Land Use ommittee Horizon enter 1. Horizon enter Landscaping/Sprinkler ommittee Report Hal Osucha 2. Babcock Services Update/Wetland Study Kathy Barber 3. NA) Marketing Report Sam Tate, NAI 4. Ridge Realty Marketing Report Ron Asher, Ridge Realty c. Special Projects ommittee Dave Mason d. Spec Building ommittee David Wilson IX. Old Business a. State of Tennessee ertified Sites Program Kathy Barber X. New Business XI. Adjourn Next Regular Scheduled Meeting is Monday, March 4, 213

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3 MINUTES OF THE INDUSTRIAL DEVELOPMENT BOARD OF THE ITY OF OAK RIDGE January 7, 213 A regular meeting of the Industrial Development Board of the ity Oak Ridge, Tennessee, convened at 4: p.m. on January 7, 213 in the Training Room of the Municipal Building. David Wilson, Vice- hairman, called the meeting to order. ROLL ALL The following members were present: hris Johnson, David Mason, Hal Osucha, Buzz Patrick, Harold Trapp, and David Wilson. Louise Dunlap and Melissa Freiderich were absent. Also present were Kathy Barber, Oak Ridge Economic Partnership; Kim Denton, Oak Ridge Economic Partnership; Kenneth R. Krushenski, ity Attorney; and Sandy Sexton, Executive Administrative Assistant; Mark Watson, ity Manager and Jack Suggs, Electrical Director. Ron Asher, Ridge Realty was absent. APPROVAL OF AGENDA Mr. Trapp made a motion to approve the agenda and Mr. Patrick seconded the motion. The motion carried unanimously. APPROVAL OF MINUTES Mr. Mason made a motion to approve the minutes of the regular meeting held December 3, 212, Dunlap seconded the motion. The motion carried unanimously. Ms. TREASURER S REPORT Mr. Trapp reported the current balance as of December 31, 212 is $294, Mr. Mason made a motion to approve the Treasurer s Report and Mr. hinn seconded the motion. The motion carried unanimously. PROSPET ATIVITY REPORT a. ProsDect Uodate Ms. Denton stated that there hasn t been a lot of activity over the holidays. But in mid-december there was some activity. She stated they were working on a flyer that would be sent out this Friday. ATTORNEY S REPORT Mr. Krushenski introduced several quests present in regards to Nucsafe PILOT Dissolution. Mr. G. Mark Mamantov, Esquire Bass, Berry & Sims, PL; Mr. Steve Heiner, Nucsafe; Mr. David Flitcroft, Attorney for Nucsafe; and Mr. Jay Yeager, Anderson ounty Tax Lawyer. Mr. Steve Heiner, Nucsafe, stated that they would like to ask the board to forbear from exercising its remedies under the Equipment Lease and the Real Property Lease as a result of such defaults until March 1, 213. Mr. Mason made a motion to approve the extension. Mr. Trapp seconded the motion. The motion carried unanimously.

4 Minutes Industrial Development Board January 7, 213 Page 2 of 3 OMMITTEE REPORTS a. Finance ommittee no report b. Land Use ommittee 1. Horizon enter Landscaping/Sprinkler ommittee Report Mr. Osucha stated all the work at Horizon is complete. He stated there was a budget of $25, for this project but we went over budget of $345. Diversified Landscaping Agreement - Mr. Osucha made a motion to renew the contract with Diversified Landscaping beginning January 1, 213 through December 31, 213. Mr. Mason seconded the motion. The motion carried unanimously. 2. Horizon enter Electrical Enhancement Mr. Watson, ity Manager debriefed the board on Economic Development and how Horizon enter is going to develop. Mr. Watson stated that as a city, we have some important decisions to make as a community. Mr. Watson stated that today we don t have the utility access we need at Horizon enter for future development. If we don t have access to the easements we can t supply electricity to that area. We have worked with DOE for possible permitting to access easements. Whether it s a 13kv line or 69kv line everyone will be affected. After a brief discussion, he turned the discussion over to Mr. Suggs, the city s Electrical Director. Mr. Suggs distributed a map which showed some figures of estimated costs of additional power for Horizon enter. He stated that Horizon enter was originally developed with the capacity of 1 MW of power. He also discussed the capacity and future at Horizon enter. After a lengthy discussion, Mr. Patrick made a motion to table the discussion. Mr. Mason seconded the motion. The motion carried unanimously. 3. Babcock Services Update/Wetland Study Ms. Barber stated they were no new updates. We are still waiting on the executed contract to be returned to us. Ms. Barber also stated the Wetland Study determination was done on area 5 and there was a small area, but shouldn t be any problem. Area 6 Wetland determination should be completed this week. 4. NAI Marketing Report Mr. Sam Tate stated that he sent out a flyer to 34 suppliers, contractors, vendors for UPF project. 5. Ridge Realty Marketing Report No report c. Special Proiects ommittee - No report. d. Spec Building ommittee No report. OLD BUSINESS a. State of Tennessee ertified Sites Program - Ms. Barber stated that the ground work has been completed on Phase 1, area 5, 6, and 7 and they should be finalizing the report which should be available next week.

5 Minutes Industrial Development Board January 7, 213 Page 3 of 3 1. Boring/Engineering ontract Mr. Evans discussed the solicitation proposals for a Boundary Survey which contained the Select Tennessee criterion. Mr. Evans stated that we notified three (3) well qualified firms and he asked for separate reports for each lot 5 and 6. S&ME has the lowest quote of the three. The maximum cost would be $1,5. Ms. Barber discussed the requirements from TVA. Mr. Patrick made a motion to approve the contract with S&ME for Lot 6 for $6,5. Mr. Osucha seconded the motion. The motion carried unanimously. NEW BUSINESS Elections The following members were elected officers of the board: Mr. Mason made a motion to elect David Wilson as hair, Mr. hinn seconded the motion. The motion was carried unanimously. Mr. hinn made a motion to elect Mr. Patrick for Vice hair. second. The motion failed due to not receiving a Mr. Mason made a motion to elect Mr. Osucha after a voice vote Mr. Osucha was elected as Vice hair. Mr. Wilson made a motion to re-elect Mr. Harold Trapp as Treasurer. Mr. Osucha seconded the motion. The motion was carried unanimously. Alexander Senior Living. LL Mr. Krushenski stated that a presentation was being presented by Mr. Mamantov for the Alexander Senior Living. Mr. Mamantov stated he made some minor changes to the Lease Agreement. Once the board has an opportunity to view the agreement a special meeting will be scheduled to approve the Lease Agreement. ADJOURN Mr. Osucha made a motion to adjourn the meeting. Mr. Trapp seconded the motion. The Motion carried unanimously and the meeting adjourned at 5:4 pm. APPROVED BY INDUSTRIAL DEVELOPMENT BOARD February 4, 213 Harold Trapp

6 MINUTES OF THE INDUSTRIAL DEVELOPMENT BOARD OF THE ITY OF OAK RIDGE SPEIAL MEETING January 15, 213 A regular meeting of the Industrial Development Board of the ity Oak Ridge, Tennessee, convened at 5: p.m. on January 15, 213 in the Training Room of the Municipal Building. David Wilson, hairman, called the meeting to order. ROLL ALL The following members were present: Louise Dunlap, Melissa Freiderich, hris Johnson, David Mason, Hal Osucha, Harold Trapp, and David Wilson. Richard hinn and Buzz Patrick were absent. Also present were Kathy Barber, Oak Ridge Economic Partnership; Kenneth R. Krushenski, ity Attorney; and Sandy Sexton, Executive Administrative Assistant. ALEXANDER SENIOR LIVING, LL Approved the Lease Agreement and fees of the Alexander Senior Living, LL. Mr. Rick Dover, Alexander Senior Living, LL, withdrew his request that his company not pay the closing cost of the PILOT. Mr. Mason made a motion to approve the agreement. Ms. Dunlap seconded the motion. The motion carried unanimously. ADJOURN Mr. Osucha made a motion to adjourn the meeting. Mr. Trapp seconded the motion. The Motion carried unanimously and the meeting adjourned at 5:7 pm. APPROVED BY INDUSTRIAL DEVELOPMENT BOARD February 4, 213 Harold Trapp Secretary/Treasurer

7 Financial Statements of Oak Ridge Industrial Development Board December 212

8 Oak Ridge Industrial Development Board Balance Sheet December31, 212 Assets urrent Assets ash in bank - checking $ 294,4 ash in bank - Babcock onstruction Draw Account 35,447 ash in bank - money market (ORNL) 253,99 ash in bank - certificates of deposit itizens National Bank (Maturity 3/18/13:.9%) 14,529 itizens National Bank (Maturity 4/12/13:.9%) 5,125 itizens National Bank (Maturity 3/19/13:.9%) 5,752 ommunity Trust Bank 196,287 itizens National Bank (Maturity 8/5/13:.9%) 32,7 424,763 Total urrent Assets 1,8,159 apital Assets (not depreciated) Land 5,843,97 Total Assets $ 6,852,129 Liabilities and Net Assets Net Assets Invested in capital assets 5,843,97 Restricted-Babcock 35,447 Unrestricted 972,712 Total Net Assets 6,852,129 Total Liabilities and Net Assets $ 6,852,129 Unaudited - For Management Purposes Only

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10 1121/13 at 16:29:11.83 Page: 1 1DB of Oak Ridge Account Reconciliation As of Dec 31, Regular hecking Account Bank Statement Date: December 31, 212 Filter riteria includes: Report is printed in Detail Format. Beginning GL Balance Add: ash Receipts Less: ash Disbursements (373.41) Add (Less) Other 5.19 Ending GL Balance 294,39.53 Ending Bank Balance 294,27.13 Add back deposits in transit Total deposits in transit (Less) outstanding checks Dec2O, (14.) Dec26, (27.6) Total outstanding checks (167.6) Add (Less) Other Total other Unreconciled difference. Ending GL Balance 294,39.53

11 1121/13 at 16:32:.21 Page: 1 1DB of Oak Ridge Account Reconciliation As of Dec 31, Babcock onst Draw Acct Bank Statement Date: December 31, 212 Filter riteria includes: Report is printed in Detail Format. Beginning GL Balance 38, Add: ash Receipts Less: ash Disbursements (3.) Add (Less) Other Ending GL Balance 35, Ending Bank Balance 35, Add back deposits in transit Total deposits in transit (Less) outstanding checks Total outstanding checks Add (Less) Other Total other Unreconciled difference. Ending GL Balance 35,447.43