3:00 p.m. june 23, 2020 jasper, morgan, newton and …€¦ · 28.07.2020 · executive session...

JOINT DEVELOPMENT AUTHORITY OF

JASPER, MORGAN, NEWTON AND WALTON COUNTIES

July 28, 2020 3:00 P.M.

Via Telephone Conference per O.C.G.A. § 50-14-1(g)

1-929-205-6099; Meeting ID: 977 1756 6699; Passcode: 112737

AGENDA

1. Call to Order: Alan Verner

2. Approval of Minutes

a. Regular Session Minutes from Regular Meeting on June 23, 2020

3. Committee Chairman Reports:

a. Park Management Committee Marcello Banes

i. Takeda Update

ii. Facebook Update

iii. Security

1. Gates and Cameras on Parkway Extension

iv. Fire/EMS/911 Services to Stanton Springs

v. New Matters

b. Marketing Committee Kevin Little

i. Website Update

ii. Parkway Extension Ribbon Cutting

iii. Other updates/recommendations

c. Economic Development Committee Kevin Little

i. Stanton Springs activity

ii. Activity in four Counties

d. Finance Committee Steve Jordan

i. Financial Report

ii. Plateau Draws and Change Order

iii. Invoices

iv. Annual Audit Engagement Letter

4. Economic Development Services Contract

with Newton County Industrial Development Authority

5. Quarterly Update (Q2)

6. COVID-19 Updates

7. Parkway Extension Update Matt Dunagin

a. Update from Thomas & Hutton on progress

8. Public Comment

9. Executive Session

10. Adjourn

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p.27-39 p.40-47

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1

JOINT DEVELOPMENT AUTHORITY OF

JASPER, MORGAN, NEWTON AND WALTON COUNTIES

June 23, 2020

3:00 P.M.

Regular Meeting

A regular meeting of the Board of Directors of the Joint Development Authority of Jasper County, Morgan

County, Newton County and Walton County (the “Authority”), was held via a telephone/video conference

due to the national COVID-19 emergency.

Directors Present:

Carl Pennamon, Jasper County

Jerry Silvio, Newton County

Marcello Banes, Newton County

Alan Verner, Morgan County

Andy Ainslie, Morgan County

Mike Owens, Walton County

Guests Present:

Andrea Gray, Attorney

Bob Hughes

Shane Short

Serra Hall

Matt Dunagin

Wayne Tamplin

Kathryn Lookofsky

Covington News reporter

Rick Bradshaw

1. Call to Order

Chairman Alan Verner called the meeting to order at 3:03 pm. The meeting was held via Zoom

video conference pursuant to O.C.G.A. 50-14-1(g) which allows local governments to meet via

telephone conference during emergency circumstances and the COVID-19 pandemic and the state

and federal restrictions associated therewith constitute an emergency circumstance.

2. Approval of Minutes

a. Regular Session Minutes from the Regular Meeting on May 26, 2020: On a motion duly made

by Mr. Marcello Banes, seconded by Mr. Mike Owens and unanimously approved, the minutes

were approved as presented.

3. Committee Chairman Reports:

a. Park Management Committee

i. Takeda Update

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2

Mr. Verner reported that there is a community telephone conference with Takeda tomorrow

regarding their response to COVID 19 and efforts to create treatments. He also reported that he

understands that more employees who were working from home are now returning.

ii. Facebook

Mr. Verner reported that construction activities continue onsite. Mr. Banes asked whether the

Facebook COVID relief grant program was still accepting applications. Mr. Short reported that

Mr. Banes should contact Ms. Katie Comer with Facebook.

iii. Security Update

Mr. Verner reported that he contacted EMC Security regarding the JDA’s decision not to pursue

cameras all along the parkway. EMC Security suggested that one camera be installed to monitor

the parkway extension and provided a proposal which was included in the meeting packet. The

video footage from the camera is stored for 60-90 days and can be accessed through an app and

shared. The cost of the camera and installation is $5,900 plus tax. Mr. Verner stated that a trail

camera/wildlife camera is not a realistic option because it is challenging to maintain and download

footage. All agreed that some security measure is needed, especially to protect the pad site from

trespassers. Mr. Verner questioned what type of gate the Authority wanted to install and where.

There was discussion regarding seeking competitive bids to the EMC Security proposal for one

camera. Mr. Short stated that the Development Authority of Walton County has extra metal gates

that it is not currently using that it may be willing to lend the JDA. The JDA agree to wait to hear

back from Mr. Short before taking further action on security camera proposals. Mr. Short agreed

to assist Mr. Verner in ordering “no trespassing” signs. All agreed that options included installing

a gate at the pad site and a camera on the parkway extension, or installing a gate at the parkway

extension with or without a camera.

Mr. Verner also reported that he spoke to Georgia Transmission Company (“GTC”) regarding

securing the access points along Sewell Church Road created by GTC clearing a 100-foot area for

its lines. GTC agreed to put up a gate and fence and work on the berms to prevent trespassers from

accessing JDA property through the easement area.

iv. Fire/EMS/911 representatives

Mr. Banes reported that Newton County is updating its 911 system which will allow it to be able to

communicate inside the Takeda building.

v. Fill Dirt Options - Update

Mr. Dunagin reported that Plateau determined that it is not advantageous to put the excess fill dirt

from Facebook on JDA property at this time. Circumstances may change in the future.

vi. New Matters

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None.

b. Marketing Committee

i. Website Update

Mr. Short reported that the new website is up and running. He will add updated site plans from

Thomas and Hutton this week. He also created a video which is posted on the website and was

shown during the meeting. Ms. Hall reported that a company called Aerial Innovations did some

recent aerial photographs of Stanton Springs (shown during the meeting) and that quarterly photos

would cost $160 per quarter. Mr. Short stated that due to COVID limitations, digital marketing is

key. On a motion duly made by Mr. Carl Pennamon, seconded by Mr. Jerry Silvio and

unanimously approved the Authority authorized payment for quarterly aerial photography of

Stanton Springs for $160 per quarter to come out of the marketing budget. Ms. Hall noted that the

next flyby is in September and she will share the photos via dropbox.

Mr. Short reported that the SEEDA conference is all digital this year and he does not recommend

sponsoring the event.

ii. Parkway Extension Ribbon Cutting

The ribbon cutting will be scheduled once we have a final completion date for the parkway

extension and COVID-19 restrictions are lifted. Mr. Short stated that the State Economic

Development professionals are under a travel restriction. Mr. Verner questioned whether the event

should occur before or after landscaping is installed. Mr. Owens recommended after and requested

that a date tentatively be set. Mr. Dunagin reported that a couple more months are required for the

utilities to complete their installations. All agreed to reassess the status in July.

iii. Other Updates

None.

c. Economic Development Committee

i. Stanton Springs activity

Mr. Short reported that there is no new activity but there are currently four open projects.

ii. Activity in Four Counties

Mr. Short reported that there is no new activity in Walton County to report. Ms. Hall reported that

new activity is slow in Newton County but a virtual job fair for the four counties is in the works

for July 30th. 50 slots are available for interested companies. She will provide more information

as it becomes available. Mr. Pennamon reported that there were no new updates from Jasper

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4

County. Mr. Hughes reported that industries and businesses are reopening to capacity in Morgan

County.

d. Finance Committee

i. Financial Report

Mr. Tamplin gave the financial report and reviewed the current financials which were included in

the meeting packet.

ii. Plateau Draw

Plateau submitted its 7th draw request for work on the parkway extension in the amount of

$39,924.18. The draw request was approved by Thomas & Hutton. On a motion duly made by

Mr. Jerry Silvio, seconded by Mr. Carl Pennamon and unanimously approved, the draw was

approved for payment.

iii. Invoices

Four invoices were presented for payment including one in the amount of $2,415.00 from Andrea

P. Gray for legal services and two invoices from Thomas and Hutton for $14,797.65 and

$1,652.95. On a motion duly made by Mr. Jerry Silvio, seconded by Mr. Andy Ainslie and

unanimously approved, the invoices were approved for payment.

The fourth invoice was in the amount of $6,000 for renewal of the ACCG insurance policy. On a

motion duly made by Mr. Jerry Silvio, seconded by Mr. Carl Pennamon and unanimously

approved, the invoice was approved for payment.

Mr. Tamplin noted that there is a budget amendment included in the packet which reflects the

actual revenues and expenses during the July 1, 2019 through June 30, 2020 budget year. On a

motion duly made by Mr. Jerry Silvio, seconded by Mr. Andy Ainslie and unanimously approved,

the budget amendment was approved as presented.

Ms. Gray stated that GEFA sent a packet to the JDA today which requires approval of a loan

modification for the 2002 loan. The modification waives payments and interest on the loan from

July through December 2020. It is part of a COVID relief effort and every entity with a GEFA

loan was extended the same offer. The Newton County Water & Sewer Authority and City of

Social Circle deposit the funds for payment of the loan into the JDA’s account and GEFA

withdraws the payment. While the modification does not directly benefit the JDA, it does benefit

its partners. To approve the modification, the Authority must adopt the sample resolution and

authorize the chairman and secretary to execute all documents necessary to carry out the

transaction. On a motion duly made by Mr. Carl Pennamon, seconded by Mr. Mike Owens and

unanimously approved, the Authority approved the Loan Modification for the 2002 GEFA loan

and authorized the Chairman and Secretary to execute the necessary documents including the Loan

Modification and Resolution to consummate the transaction.

4. COVID-19 Updates

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Mr. Verner questioned whether the Authority wanted to meet in person next month or via video

conference. Ms. Gray stated that if the emergency order is extended by the Governor, the

Authority may meet via video or in person. All agreed to assess the situation in July and make a

decision accordingly.

5. Parkway Extension update

a. Update from Thomas and Hutton

Matt Dunagin with Thomas and Hutton presented an update, which was also included in a memo

in the meeting packet. Mr. Dunagin reported that utility relocations are underway and he is

coordinating with Phil Gibson regarding a retaining wall at the training center. The retaining wall

could be paid for using the contingency in the construction budget. The parkway extension should

be complete by mid-July. The grant completion date was extended 90-days.

6. Public Comment - None

7. Executive Session – None

8. Adjourn

On a motion duly made by Mr. Mike Owens, seconded by Mr. Carl Pennamon and unanimously

approved, the meeting was adjourned at 4:18 pm.

Chairman

Attest:

Secretary

6

June 2020 Aerial Photos of Stanton Springs

Access through this link:

https://www.dropbox.com/sh/nmuqr0hny5zyimu/AAA3NcngzlrkDONnuUjtTXeda?dl=0

7

https://www.dropbox.com/sh/nmuqr0hny5zyimu/AAA3NcngzlrkDONnuUjtTXeda?dl=0

Joint Dev. Auth of Jasper, Morgan, Newton & Walton Counties

Balance Sheet Prev Year ComparisonAs of June 30, 2020

Jun 30, 20 Jun 30, 19 $ Change % Change

ASSETS

Current Assets

Checking/Savings

Checking - BB&T 169,877.96 290,045.80 -120,167.84 -41.43%

Money Market - BB&T 1,269,714.67 1,259,970.92 9,743.75 0.77%

Bk of Madison-Cap Proj-Checking 126,392.90 214,694.92 -88,302.02 -41.13%

Bk of Madison-Cap Proj-MMA 1,686,431.63 5,063,064.33 -3,376,632.70 -66.69%

Bank of Madison-Tax Revenue 0.61 0.61 0.00 0.0%

EDGE Grant Acct 90.25 90.25 0.00 0.0%

Bond Purchase Acct 1.00 1.00 0.00 0.0%

Total Checking/Savings 3,252,509.02 6,827,867.83 -3,575,358.81 -52.36%

Other Current Assets

Due from Counties for Debt Iss. 0.00 12,243.64 -12,243.64 -100.0%

Total Other Current Assets 0.00 12,243.64 -12,243.64 -100.0%

Total Current Assets 3,252,509.02 6,840,111.47 -3,587,602.45 -52.45%

TOTAL ASSETS 3,252,509.02 6,840,111.47 -3,587,602.45 -52.45%

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Accounts Payable

Accounts Payable 0.00 19,631.42 -19,631.42 -100.0%

Total Accounts Payable 0.00 19,631.42 -19,631.42 -100.0%

Total Current Liabilities 0.00 19,631.42 -19,631.42 -100.0%

Total Liabilities 0.00 19,631.42 -19,631.42 -100.0%

Equity

Net Assets 122,442.09 122,442.09 0.00 0.0%

Retained Earnings 6,698,037.96 9,467,880.86 -2,769,842.90 -29.26%

Net Income -3,567,971.03 -2,769,842.90 -798,128.13 -28.82%

Total Equity 3,252,509.02 6,820,480.05 -3,567,971.03 -52.31%

TOTAL LIABILITIES & EQUITY 3,252,509.02 6,840,111.47 -3,587,602.45 -52.45%

Page 1 of 118


Profit & Loss Budget vs. ActualJuly 2019 through June 2020

Jul '19 - Jun 20 Budget $ Over Budget % of Budget

Ordinary Income/Expense

Income

Intergovernmental Revenue

Social Circle - Inter Govt 3,627.76 3,627.76 0.00 100.0%

NCWSA - Inter Govt 41,719.04 41,719.24 -0.20 100.0%

Total Intergovernmental Revenue 45,346.80 45,347.00 -0.20 100.0%

Grant income 500,000.00 500,000.00 0.00 100.0%

Hunting lease income 4,493.50 4,557.00 -63.50 98.61%

Property Tax Revenue 0.00 0.00 0.00 0.0%

Reserves from Prior Years 0.00 6,827,777.00 -6,827,777.00 0.0%

Total Income 549,840.30 7,377,681.00 -6,827,840.70 7.45%

Expense

Association fees 15,077.50 16,000.00 -922.50 94.23%

Bank charges 97.54

Distribution to Counties

Disburse - Taxes 0.00 0.00 0.00 0.0%

Total Distribution to Counties 0.00 0.00 0.00 0.0%

Hunting lease expense 8,390.89 4,557.00 3,833.89 184.13%

Insurance expense 6,000.00 6,000.00 0.00 100.0%

Marketing expense 16,347.70 20,000.00 -3,652.30 81.74%

Meeting expense 0.00 2,500.00 -2,500.00 0.0%

Miscellaneous expense 0.00 2,500.00 -2,500.00 0.0%

Payroll Expenses 0.00 0.00 0.00 0.0%

Professional

Accounting expense 20,498.80 25,000.00 -4,501.20 82.0%

Audit expense 9,200.00 10,000.00 -800.00 92.0%

Consulting 7,835.00 10,000.00 -2,165.00 78.35%

Engineering Expense 0.00 50,000.00 -50,000.00 0.0%

Legal expense 44,898.24 55,000.00 -10,101.76 81.63%

Total Professional 82,432.04 150,000.00 -67,567.96 54.96%

Training 0.00 2,400.00 -2,400.00 0.0%

Debt Service

02 GEFA Principal 39,706.22 39,706.00 0.22 100.0%

02 GEFA Interest expense 5,640.58 5,641.00 -0.42 99.99%

Total Debt Service 45,346.80 45,347.00 -0.20 100.0%

Total Expense 173,692.47 249,304.00 -75,611.53 69.67%

Net Ordinary Income 376,147.83 7,128,377.00 -6,752,229.17 5.28%

Page 2 of 119

Jul '19 - Jun 20 Budget $ Over Budget % of Budget

Other Income/Expense

Other Income

Interest income 47,916.45 52,000.00 -4,083.55 92.15%

Total Other Income 47,916.45 52,000.00 -4,083.55 92.15%

Other Expense

Capital Outlay

Parkway Extension

Parkway - Construction 3,457,894.35 3,893,525.00 -435,630.65 88.81%

Parkway - Engineering 121,757.36 110,000.00 11,757.36 110.69%

Parkway - Mitigation 412,383.60 412,384.00 -0.40 100.0%

Total Parkway Extension 3,992,035.31 4,415,909.00 -423,873.69 90.4%

Total Capital Outlay 3,992,035.31 4,415,909.00 -423,873.69 90.4%

Total Other Expense 3,992,035.31 4,415,909.00 -423,873.69 90.4%

Net Other Income -3,944,118.86 -4,363,909.00 419,790.14 90.38%

Net Income -3,567,971.03 2,764,468.00 -6,332,439.03 -129.07%

Page 3 of 1110


General LedgerAs of June 30, 2020

Type Date Num Name Memo Split Debit Credit Balance

Checking - BB&T 290,045.80

Deposit 07/08/2019 Deposit Pollard Deposit Hunting lease expense 96.11 290,141.91

Deposit 07/09/2019 Deposit Newton Co W & S Deposit NCWSA - Inter Govt 10,429.76 300,571.67

Check 07/09/2019 Draft GEFA -SPLIT- 11,336.70 289,234.97

Bill Pmt -Check 07/19/2019 741 Development Authority of Walton Co Accounts Payable 8,083.31 281,151.66

Check 07/19/2019 742 Andrea P. Gray, LLC Legal expense 3,975.00 277,176.66

Bill Pmt -Check 07/23/2019 744 Eric Goldstein Design Accounts Payable 4,000.00 273,176.66

Check 07/23/2019 743 Pollard Hunting lease expense 4,243.50 268,933.16

Check 07/23/2019 745 Newton County Chamber Marketing expense 735.76 268,197.40

Deposit 07/26/2019 Deposit Social Circle Deposit Due from Counties for Debt Iss. 1,813.88 270,011.28

Check 07/31/2019 Draft BB&T Check order Bank charges 73.54 269,937.74

Deposit 08/09/2019 Deposit Deposit Hunting lease income 4,243.50 274,181.24





Check 10/28/2019 748 Allen Smith Consulting Inc Consulting 180.00 268,684.30


Check 10/29/2019 750 Treadwell, Tamplin & Co, CPA Accounting expense 20,498.80 244,720.50

Check 10/29/2019 1001 Ga Dept of Economic Development SEUS Japan Marketing expense 10,000.00 234,720.50

Check 10/29/2019 1002 Development Authority of Walton Co Rooms at SEUS Marketing expense 5,611.94 229,108.56


Check 12/18/2019 1004 Barber Forest Consultants Inc Consulting 3,975.00 222,688.56

Check 12/18/2019 1005 McNair, McLemore, Middlebrooks & Co Audit expense 9,200.00 213,488.56


Check 12/18/2019 1007 Andrea P. Gray, LLC Legal expense 500.00 204,560.32





Check 01/28/2020 1010 Stanton Springs Association fees 15,077.50 184,060.88







Deposit 05/31/2020 Deposit Social Circle All 4 quarterly pymts due Social Circle - Inter Govt 3,627.76 171,856.70

Deposit 06/18/2020 Deposit PA Timber Deposit Hunting lease income 250.00 172,106.70



Check 06/29/2020 1016 ACCG Insurance expense 6,000.00 174,121.46Check 06/29/2020 1017 Pollard Hunting lease expense 4,243.50 169,877.96

Total Checking - BB&T 62,180.05 182,347.89 169,877.96

Money Market - BB&T 1,259,970.92

Deposit 07/31/2019 Deposit BB&T July Interest Interest income 1,070.55 1,261,041.47

Page 4 of 11

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Deposit 08/31/2019 Deposit BB&T August interest Interest income 1,071.46 1,262,112.93

Deposit 09/30/2019 Deposit BB&T September interest Interest income 1,037.77 1,263,150.70

Deposit 10/31/2019 Deposit BB&T October interest Interest income 1,073.25 1,264,223.95

Deposit 11/30/2019 Deposti BB&T November interest Interest income 1,039.50 1,265,263.45

Deposit 12/31/2019 Deposit BB&T December interest Interest income 1,075.05 1,266,338.50

Deposit 01/31/2020 Deposit BB&T January interest Interest income 1,073.02 1,267,411.52

Deposit 02/28/2020 Deposit BB&T February interest Interest income 1,004.62 1,268,416.14

Deposit 03/31/2020 Deposir BB&T March interest Interest income 880.56 1,269,296.70

Deposit 04/30/2020 Deposit BB&T April interest Interest income 208.10 1,269,504.80

Deposit 05/31/2020 Deposit BB&T May interest Interest income 157.83 1,269,662.63Deposit 06/30/2020 Deposit BB&T June interest Interest income 52.04 1,269,714.67

Total Money Market - BB&T 9,743.75 0.00 1,269,714.67

Bk of Madison-Cap Proj-Checking 214,694.92

Deposit 07/11/2019 Deposit Bank of Madison Transfer of funds Bk of Madison-Cap Proj-MMA 412,383.60 627,078.52

Check 07/12/2019 Wire Altamaha River Basin Group Parkway - Mitigation 190,047.20 437,031.32

Check 07/12/2019 Wire ARC Ventures Holding Parkway - Mitigation 222,336.40 214,694.92

Check 07/12/2019 Draft Bank of Madison Wire fee Bank charges 12.00 214,682.92

Check 07/12/2019 Draft Bank of Madison Wire fee Bank charges 12.00 214,670.92

Bill Pmt -Check 07/19/2019 1049 Allen Smith Consulting Inc Accounts Payable 750.00 213,920.92

Bill Pmt -Check 07/19/2019 1050 Thomas & Hutton Accounts Payable 2,778.64 211,142.28

Bill Pmt -Check 07/19/2019 1051 Thomas & Hutton Accounts Payable 4,019.47 207,122.81

Deposit 07/31/2019 Deposit Bank of Madison July interest Interest income 136.82 207,259.63

Deposit 08/28/2019 Trsfr Bank of Madison Transfer funds from MMA to ckg Bk of Madison-Cap Proj-MMA 1,000,000.00 1,207,259.63

Check 08/28/2019 1052 Thomas & Hutton Parkway - Engineering 957.62 1,206,302.01

Check 08/28/2019 1053 Allen Smith Consulting Inc Consulting 350.00 1,205,952.01

Check 08/28/2019 1054 Plateau Evacuation Inc Parkway - Construction 248,574.31 957,377.70

Deposit 08/31/2019 Deposi Bank of Madison August interest Interest income 185.74 957,563.44

Check 09/15/2019 1057 Plateau Evacuation Inc Parkway - Construction 1,051,485.84 -93,922.40

Check 09/24/2019 1056 Allen Smith Consulting Inc Consulting 750.00 -94,672.40

Check 09/24/2019 1055 Thomas & Hutton Parkway - Engineering 720.10 -95,392.50

Deposit 09/25/2019 Trsfr Bank of Madison Transfer funds from MMA Bk of Madison-Cap Proj-MMA 500,000.00 404,607.50

Deposit 09/30/2019 Deposit Bank of Madison September interest Interest income 559.75 405,167.25

Deposit 10/07/2019 Trnsf Bank of Madison Trsf of Grant from Grant acct EDGE Grant Acct 500,000.00 905,167.25


Check 10/15/2019 1059 Thomas & Hutton Parkway - Engineering 1,480.00 903,337.25





Check 10/15/2019 1064 Plateau Evacuation Inc Pymt #3 Parkway - Construction 762,184.95 119,071.58

Deposit 10/31/2019 Deposit Bank of Madison October interest Interest income 446.45 119,518.03



Check 11/26/2019 1067 Plateau Evacuation Inc Pymt #4 Parkway - Construction 333,533.93 -238,174.60

Deposit 11/27/2019 Deposit Bank of Madison Transfer from MMA to Ck Bk of Madison-Cap Proj-MMA 500,000.00 261,825.40

Deposit 11/30/2019 Deposit Bank of Madison November interest Interest income 139.42 261,964.82


Check 12/18/2019 1069 Thomas & Hutton Parkway - Engineering 925.00 260,789.82


Page 5 of 11

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Check 12/18/2019 1071 Plateau Evacuation Inc Pymt #5 Parkway - Construction 965,681.22 -721,302.30

Deposit 12/19/2019 Transfer Bank of Madison Transfer from MMA to Ck Bk of Madison-Cap Proj-MMA 1,000,000.00 278,697.70

Deposit 12/31/2019 Deposti Bank of Madison December interest Interest income 247.70 278,945.40


Check 01/28/2020 1073 Thomas & Hutton Parkway - Engineering 647.50 278,097.90


Deposit 01/31/2020 Deposit Bank of Madison January interest Interest income 154.03 268,560.95




Check 02/25/2020 1078 Walton EMC Parkway - Construction 9,199.04 254,256.76


Deposit 02/28/2020 Deposit Bank of Madison February interest Interest income 139.14 254,195.90




Deposit 03/31/2020 Deposit Bank of Madison March interest Interest income 121.57 244,259.48




Deposit 04/30/2020 Deposit Bank of Madison April interest Interest income 100.40 235,219.88

Deposit 05/31/2020 Deposit Bank of Madison May interest Interest income 100.67 235,320.55




Check 05/31/2020 1089 Plateau Evacuation Inc Parkway - Construction 47,310.88 182,677.57



Check 06/29/2020 1092 Plateau Evacuation Inc Parkway - Construction 39,924.18 126,302.79Deposit 06/30/2020 Deposit Bank of Madison June interest Interest income 90.11 126,392.90

Total Bk of Madison-Cap Proj-Checking 3,914,805.40 4,003,107.42 126,392.90

Bk of Madison-Cap Proj-MMA 5,063,064.33

Deposit 07/11/2019 Deposit Bank of Madison Transfer of funds Bk of Madison-Cap Proj-Checking 412,383.60 4,650,680.73

Deposit 07/31/2019 Deposit Bank of Madison July interest Interest income 5,354.31 4,656,035.04

Deposit 08/28/2019 Trsfr Bank of Madison Transfer funds from MMA to ckg Bk of Madison-Cap Proj-Checking 1,000,000.00 3,656,035.04

Deposit 08/31/2019 Deposit Bank of Madison August interest Interest income 5,194.14 3,661,229.18

Deposit 09/25/2019 Trsfr Bank of Madison Transfer funds from MMA Bk of Madison-Cap Proj-Checking 500,000.00 3,161,229.18

Deposit 09/30/2019 Deposit Bank of Madison September interest Interest income 4,125.67 3,165,354.85

Deposit 10/31/2019 Deposit Bank of Madison October interest Interest income 3,644.35 3,168,999.20

Deposit 11/27/2019 Deposit Bank of Madison Transfer from MMA to Ck Bk of Madison-Cap Proj-Checking 500,000.00 2,668,999.20

Deposit 11/30/2019 Deposit Bank of Madison November interest Interest income 3,475.92 2,672,475.12

Deposit 12/19/2019 Transfer Bank of Madison Transfer from MMA to Ck Bk of Madison-Cap Proj-Checking 1,000,000.00 1,672,475.12

Deposit 12/31/2019 Deposit Bank of Madison December interest Interest income 2,488.88 1,674,964.00

Deposit 01/31/2020 Deposit Bank of Madison January interest Interest income 1,992.75 1,676,956.75

Deposit 02/28/2020 Deposit Bank of Madison February interest Interest income 1,866.33 1,678,823.08

Deposit 03/31/2020 Deposit Bank of Madison March interest Interest income 1,942.08 1,680,765.16

Deposit 04/30/2020 Deposit Bank of Madison April interest Interest income 1,865.96 1,682,631.12

Deposit 05/31/2020 Deposit Bank of Madison May interest Interest income 2,054.95 1,684,686.07Deposit 06/30/2020 Deposit Bank of Madison June interest Interest income 1,745.56 1,686,431.63

Page 6 of 11

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Total Bk of Madison-Cap Proj-MMA 35,750.90 3,412,383.60 1,686,431.63

Bank of Madison-Tax Revenue 0.61

Total Bank of Madison-Tax Revenue 0.61

EDGE Grant Acct 90.25

Deposit 10/07/2019 Trnsf Bank of Madison Trsf of Grant from Grant acct Bk of Madison-Cap Proj-Checking 500,000.00 -499,909.75Deposit 10/07/2019 Deposit Dept of Community Affairs Deposit Grant income 500,000.00 90.25

Total EDGE Grant Acct 500,000.00 500,000.00 90.25

Bond Purchase Acct 1.00

Total Bond Purchase Acct 1.00

Due from Counties for Debt Iss. 12,243.64

General Journal 07/01/2019 TTC-20-1 To reverse for receipt of 4th pymt due froNCWSA - Inter Govt 10,429.76 1,813.88Deposit 07/26/2019 Deposit Social Circle Deposit Checking - BB&T 1,813.88 0.00

Total Due from Counties for Debt Iss. 0.00 12,243.64 0.00

Accounts Payable -19,631.42

Bill Pmt -Check 07/19/2019 1049 Allen Smith Consulting Inc Bk of Madison-Cap Proj-Checking 750.00 -18,881.42

Bill Pmt -Check 07/19/2019 1050 Thomas & Hutton Bk of Madison-Cap Proj-Checking 2,778.64 -16,102.78

Bill Pmt -Check 07/19/2019 1051 Thomas & Hutton Bk of Madison-Cap Proj-Checking 4,019.47 -12,083.31

Bill Pmt -Check 07/19/2019 741 Development Authority of Walton Co Checking - BB&T 8,083.31 -4,000.00Bill Pmt -Check 07/23/2019 744 Eric Goldstein Design Checking - BB&T 4,000.00 0.00

Total Accounts Payable 19,631.42 0.00 0.00

Net Assets -122,442.09

Total Net Assets -122,442.09

Retained Earnings -6,698,037.96

Total Retained Earnings -6,698,037.96

Intergovernmental Revenue 0.00

Social Circle - Inter Govt 0.00Deposit 05/31/2020 Deposit Social Circle All 4 quarterly pymts due Checking - BB&T 3,627.76 -3,627.76

Total Social Circle - Inter Govt 0.00 3,627.76 -3,627.76

NCWSA - Inter Govt 0.00

General Journal 07/01/2019 TTC-20-1 To reverse for receipt of 4th pymt due froDue from Counties for Debt Iss. 10,429.76 10,429.76

Deposit 07/09/2019 Deposit Newton Co W & S Deposit Checking - BB&T 10,429.76 0.00

Deposit 10/01/2019 Deposit Newton Co W & S Deposit Checking - BB&T 10,429.76 -10,429.76

Deposit 01/22/2020 Deposit Newton Co W & S Deposit Checking - BB&T 10,429.76 -20,859.52

Deposit 04/09/2020 Deposit Newton Co W & S Deposit Checking - BB&T 10,429.76 -31,289.28Deposit 06/20/2020 Deposit Newton Co W & S Deposit Checking - BB&T 10,429.76 -41,719.04

Total NCWSA - Inter Govt 10,429.76 52,148.80 -41,719.04

Total Intergovernmental Revenue 10,429.76 55,776.56 -45,346.80

Grant income 0.00Deposit 10/07/2019 Deposit Dept of Community Affairs Deposit EDGE Grant Acct 500,000.00 -500,000.00

Total Grant income 0.00 500,000.00 -500,000.00

Hunting lease income 0.00

Deposit 08/09/2019 Deposit Deposit Checking - BB&T 4,243.50 -4,243.50Deposit 06/18/2020 Deposit PA Timber Deposit Checking - BB&T 250.00 -4,493.50

Total Hunting lease income 0.00 4,493.50 -4,493.50

Association fees 0.00Check 01/28/2020 1010 Stanton Springs Checking - BB&T 15,077.50 15,077.50

Total Association fees 15,077.50 0.00 15,077.50

Bank charges 0.00

Check 07/12/2019 Draft Bank of Madison Wire fee Bk of Madison-Cap Proj-Checking 12.00 12.00

Page 7 of 11

14


Check 07/12/2019 Draft Bank of Madison Wire fee Bk of Madison-Cap Proj-Checking 12.00 24.00Check 07/31/2019 Draft BB&T Check order Checking - BB&T 73.54 97.54

Total Bank charges 97.54 0.00 97.54

Hunting lease expense 0.00

Deposit 07/08/2019 Deposit Pollard Deposit Checking - BB&T 96.11 -96.11

Check 07/23/2019 743 Pollard Checking - BB&T 4,243.50 4,147.39Check 06/29/2020 1017 Pollard Checking - BB&T 4,243.50 8,390.89

Total Hunting lease expense 8,487.00 96.11 8,390.89

Insurance expense 0.00Check 06/29/2020 1016 ACCG Checking - BB&T 6,000.00 6,000.00

Total Insurance expense 6,000.00 0.00 6,000.00

Marketing expense 0.00

Check 07/23/2019 745 Newton County Chamber Checking - BB&T 735.76 735.76

Check 10/29/2019 1001 Ga Dept of Economic Development SEUS Japan Checking - BB&T 10,000.00 10,735.76Check 10/29/2019 1002 Development Authority of Walton Co Rooms at SEUS Checking - BB&T 5,611.94 16,347.70

Total Marketing expense 16,347.70 0.00 16,347.70

Professional 0.00

Accounting expense 0.00Check 10/29/2019 750 Treadwell, Tamplin & Co, CPA Checking - BB&T 20,498.80 20,498.80

Total Accounting expense 20,498.80 0.00 20,498.80

Audit expense 0.00Check 12/18/2019 1005 McNair, McLemore, Middlebrooks & Co Checking - BB&T 9,200.00 9,200.00

Total Audit expense 9,200.00 0.00 9,200.00

Consulting 0.00

Check 08/28/2019 1053 Allen Smith Consulting Inc Bk of Madison-Cap Proj-Checking 350.00 350.00

Check 09/24/2019 1056 Allen Smith Consulting Inc Bk of Madison-Cap Proj-Checking 750.00 1,100.00



Check 10/28/2019 748 Allen Smith Consulting Inc Checking - BB&T 180.00 1,880.00

Check 12/18/2019 1004 Barber Forest Consultants Inc Checking - BB&T 3,975.00 5,855.00


Check 01/28/2020 1009 Allen Smith Consulting Inc Checking - BB&T 180.00 6,285.00




Check 04/30/2020 1083 Allen Smith Consulting Inc Bk of Madison-Cap Proj-Checking 200.00 7,135.00Check 05/31/2020 1088 Allen Smith Consulting Inc Bk of Madison-Cap Proj-Checking 700.00 7,835.00

Total Consulting 7,835.00 0.00 7,835.00

Legal expense 0.00

Check 07/19/2019 742 Andrea P. Gray, LLC Checking - BB&T 3,975.00 3,975.00






Check 12/18/2019 1007 Andrea P. Gray, LLC Checking - BB&T 500.00 23,223.24




Page 8 of 11

15



Check 05/31/2020 1014 Andrea P. Gray, LLC Checking - BB&T 3,690.00 42,483.24Check 06/29/2020 1015 Andrea P. Gray, LLC Checking - BB&T 2,415.00 44,898.24

Total Legal expense 44,898.24 0.00 44,898.24

Total Professional 82,432.04 0.00 82,432.04

Debt Service 0.00

02 GEFA Principal 0.00

Check 07/09/2019 Draft GEFA Checking - BB&T 9,755.13 9,755.13


Check 01/09/2020 Draft GEFA Quarterly pymt Checking - BB&T 9,983.25 29,606.91Check 04/08/2020 Draft GEFA Quarterly pymt Checking - BB&T 10,099.31 39,706.22

Total 02 GEFA Principal 39,706.22 0.00 39,706.22

02 GEFA Interest expense 0.00



Check 01/09/2020 Draft GEFA Quarterly pymt Checking - BB&T 1,353.45 4,403.19Check 04/08/2020 Draft GEFA Quarterly pymt Checking - BB&T 1,237.39 5,640.58

Total 02 GEFA Interest expense 5,640.58 0.00 5,640.58

Total Debt Service 45,346.80 0.00 45,346.80

Interest income 0.00

Deposit 07/31/2019 Deposit BB&T July Interest Money Market - BB&T 1,070.55 -1,070.55

Deposit 07/31/2019 Deposit Bank of Madison July interest Bk of Madison-Cap Proj-Checking 136.82 -1,207.37

Deposit 07/31/2019 Deposit Bank of Madison July interest Bk of Madison-Cap Proj-MMA 5,354.31 -6,561.68

Deposit 08/31/2019 Deposit BB&T August interest Money Market - BB&T 1,071.46 -7,633.14

Deposit 08/31/2019 Deposi Bank of Madison August interest Bk of Madison-Cap Proj-Checking 185.74 -7,818.88

Deposit 08/31/2019 Deposit Bank of Madison August interest Bk of Madison-Cap Proj-MMA 5,194.14 -13,013.02

Deposit 09/30/2019 Deposit BB&T September interest Money Market - BB&T 1,037.77 -14,050.79

Deposit 09/30/2019 Deposit Bank of Madison September interest Bk of Madison-Cap Proj-Checking 559.75 -14,610.54

Deposit 09/30/2019 Deposit Bank of Madison September interest Bk of Madison-Cap Proj-MMA 4,125.67 -18,736.21

Deposit 10/31/2019 Deposit BB&T October interest Money Market - BB&T 1,073.25 -19,809.46

Deposit 10/31/2019 Deposit Bank of Madison October interest Bk of Madison-Cap Proj-Checking 446.45 -20,255.91

Deposit 10/31/2019 Deposit Bank of Madison October interest Bk of Madison-Cap Proj-MMA 3,644.35 -23,900.26

Deposit 11/30/2019 Deposti BB&T November interest Money Market - BB&T 1,039.50 -24,939.76

Deposit 11/30/2019 Deposit Bank of Madison November interest Bk of Madison-Cap Proj-Checking 139.42 -25,079.18

Deposit 11/30/2019 Deposit Bank of Madison November interest Bk of Madison-Cap Proj-MMA 3,475.92 -28,555.10

Deposit 12/31/2019 Deposit BB&T December interest Money Market - BB&T 1,075.05 -29,630.15

Deposit 12/31/2019 Deposti Bank of Madison December interest Bk of Madison-Cap Proj-Checking 247.70 -29,877.85

Deposit 12/31/2019 Deposit Bank of Madison December interest Bk of Madison-Cap Proj-MMA 2,488.88 -32,366.73

Deposit 01/31/2020 Deposit BB&T January interest Money Market - BB&T 1,073.02 -33,439.75

Deposit 01/31/2020 Deposit Bank of Madison January interest Bk of Madison-Cap Proj-Checking 154.03 -33,593.78

Deposit 01/31/2020 Deposit Bank of Madison January interest Bk of Madison-Cap Proj-MMA 1,992.75 -35,586.53

Deposit 02/28/2020 Deposit BB&T February interest Money Market - BB&T 1,004.62 -36,591.15

Deposit 02/28/2020 Deposit Bank of Madison February interest Bk of Madison-Cap Proj-Checking 139.14 -36,730.29

Deposit 02/28/2020 Deposit Bank of Madison February interest Bk of Madison-Cap Proj-MMA 1,866.33 -38,596.62

Deposit 03/31/2020 Deposir BB&T March interest Money Market - BB&T 880.56 -39,477.18

Deposit 03/31/2020 Deposit Bank of Madison March interest Bk of Madison-Cap Proj-Checking 121.57 -39,598.75

Deposit 03/31/2020 Deposit Bank of Madison March interest Bk of Madison-Cap Proj-MMA 1,942.08 -41,540.83

Deposit 04/30/2020 Deposit BB&T April interest Money Market - BB&T 208.10 -41,748.93

Deposit 04/30/2020 Deposit Bank of Madison April interest Bk of Madison-Cap Proj-Checking 100.40 -41,849.33

Page 9 of 11

16


Deposit 04/30/2020 Deposit Bank of Madison April interest Bk of Madison-Cap Proj-MMA 1,865.96 -43,715.29

Deposit 05/31/2020 Deposit Bank of Madison May interest Bk of Madison-Cap Proj-Checking 100.67 -43,815.96

Deposit 05/31/2020 Deposit Bank of Madison May interest Bk of Madison-Cap Proj-MMA 2,054.95 -45,870.91

Deposit 05/31/2020 Deposit BB&T May interest Money Market - BB&T 157.83 -46,028.74

Deposit 06/30/2020 Deposit BB&T June interest Money Market - BB&T 52.04 -46,080.78

Deposit 06/30/2020 Deposit Bank of Madison June interest Bk of Madison-Cap Proj-Checking 90.11 -46,170.89Deposit 06/30/2020 Deposit Bank of Madison June interest Bk of Madison-Cap Proj-MMA 1,745.56 -47,916.45

Total Interest income 0.00 47,916.45 -47,916.45

Capital Outlay 0.00

Parkway Extension 0.00

Parkway - Construction 0.00

Check 08/28/2019 1054 Plateau Evacuation Inc Bk of Madison-Cap Proj-Checking 248,574.31 248,574.31

Check 09/15/2019 1057 Plateau Evacuation Inc Bk of Madison-Cap Proj-Checking 1,051,485.84 1,300,060.15

Check 10/15/2019 1064 Plateau Evacuation Inc Pymt #3 Bk of Madison-Cap Proj-Checking 762,184.95 2,062,245.10



Check 02/25/2020 1078 Walton EMC Bk of Madison-Cap Proj-Checking 9,199.04 3,370,659.29

Check 05/31/2020 1089 Plateau Evacuation Inc Bk of Madison-Cap Proj-Checking 47,310.88 3,417,970.17Check 06/29/2020 1092 Plateau Evacuation Inc Bk of Madison-Cap Proj-Checking 39,924.18 3,457,894.35

Total Parkway - Construction 3,457,894.35 0.00 3,457,894.35

Parkway - Engineering 0.00

Check 08/28/2019 1052 Thomas & Hutton Bk of Madison-Cap Proj-Checking 957.62 957.62

Check 09/24/2019 1055 Thomas & Hutton Bk of Madison-Cap Proj-Checking 720.10 1,677.72

Check 10/15/2019 1059 Thomas & Hutton Bk of Madison-Cap Proj-Checking 1,480.00 3,157.72



















Check 06/29/2020 1090 Thomas & Hutton Bk of Madison-Cap Proj-Checking 14,797.65 120,104.41Check 06/29/2020 1091 Thomas & Hutton Bk of Madison-Cap Proj-Checking 1,652.95 121,757.36

Total Parkway - Engineering 121,757.36 0.00 121,757.36

Parkway - Mitigation 0.00

Check 07/12/2019 Wire Altamaha River Basin Group Bk of Madison-Cap Proj-Checking 190,047.20 190,047.20Check 07/12/2019 Wire ARC Ventures Holding Bk of Madison-Cap Proj-Checking 222,336.40 412,383.60

Total Parkway - Mitigation 412,383.60 0.00 412,383.60

Page 10 of 11

17


Total Parkway Extension 3,992,035.31 0.00 3,992,035.31

Total Capital Outlay 3,992,035.31 0.00 3,992,035.31TOTAL 8,718,365.17 8,718,365.17 0.00

Page 11 of 11

18

$11,

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32

07/2

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20

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07/2

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23

Law Office of Andrea Gray, LLC300 E. Church StreetMonroe, Georgia 30655United States

INVOICEInvoice # 54

Date: 07/22/2020Due On: 08/21/2020

Joint Development Authority of Jasper, Morgan, Newton and Walton Counties

00007-Joint Development Authority of Jasper, Morgan, Newton andWalton Counties

General Legal Representation

Type Date Notes Quantity Rate Discount Total

Service 06/18/2020 Telephone conference with Wayne Tamplinregarding budget; Receipt and review ofmeeting info from Matt Dunagin; Receiptand review of EMC Security proposal;Telephone conference with Steve Jordanregarding financials and Authority meeting;Assemble meeting packet and email toAuthority members; Upload Agenda andmeeting packet to both websites; Receiptand review of correspondence from AngelaHicks regarding POA management scope

3.00 $150.00 - $450.00

Service 06/23/2020 Prepare for and participate in Authoritymeeting via Zoom; Receipt and review ofGEFA loan amendment from Alan Verner;Prepare documents for execution by AlanVerner

2.30 $150.00 - $345.00

Service 06/24/2020 Review and revise scope of services forPOA management and correspondencewith Angela Hicks regarding same

0.60 $150.00 - $90.00

Service 06/25/2020 Meeting with Alan Verner; Forward signedpolicy renewal to ACCG; Correspondencewith Tony Powell and Adele Schirmerregarding GEFA loan documents

1.00 $150.00 - $150.00

Expense 06/25/2020 Fedex to Marcello with documents requiringsignature

1.00 $21.93 100.0% $0.00

Service 06/30/2020 Preparation of correspondence to Park 0.60 $150.00 - $90.00

Page 1 of 3

27

Management Committee regarding POAmanagement scope of work;Correspondence with Serra Hall regardingtax projections; Coordination with AlanVerner and Steve Jordan regarding checksfor draws and ACCG policy payment

Service 07/01/2020 Preparation of correspondence to KeeleySmith with documentation required forgrant; Correspondence with ACCGregarding payment of invoice for insurance;Conference with Alan Verner regardingirrigation and POA management

0.70 $150.00 - $105.00

Service 07/06/2020 Correspondence with Alan Vernerregarding Harmon hunting lease

0.10 $150.00 - $15.00

Service 07/07/2020 Admin - pickup and deliver signeddocuments from Marcello Banes ($35 perhour)

1.50 $35.00 100.0% $0.00

Service 07/08/2020 Coordinate with Social Circle regardingexecution of GEFA loan amendment;Process signed documents from pastmeetings

0.30 $150.00 - $45.00

Service 07/13/2020 Telephone conference with GEFAregarding status of loan modification;Review and revise economic developmentservices contract with Newton and forwardsame to JDA for review

0.50 $150.00 - $75.00

Service 07/14/2020 Telephone conference with Matt Dunaginregarding completion of parkway andeasement; Finalize GEFA loan packet andsend courier to Social Circle; Telephoneconference with Tony Powell regardingsame

0.80 $150.00 - $120.00

Service 07/14/2020 Admin- delivery GEFA modification docs toSocial Circle ($35/hour)

0.80 $35.00 100.0% $0.00

Service 07/15/2020 Telephone conference with Alan Vernerregarding parkway, landscaping, POAmanagement contract, GEFA loan andother JDA matters

0.80 $150.00 - $120.00

Service 07/17/2020 Finalize Park Management services RFQ toinclude due dates and information required;Post to website and email to JDA and POA;Receipt and review of correspondence fromKeeley Smith regarding checks for draws

1.70 $150.00 - $255.00

Expense 07/17/2020 Federal Express Packet to GEFA with loanmodification

1.00 $57.38 100.0% $0.00

Service 07/20/2020 Draft Agenda and forward to Alan Verner 2.30 $150.00 - $345.00

Invoice # 54 - 07/22/2020

Page 2 of 3

28

for review; Telephone conference withFrank Turner regarding revision to EDcontract; Update ED contract and forwardsame to Frank Turner; Receipt and reviewof letter from Walton BOE to Walton BOCregarding tax abatement reporting;Telephone conference with Tommy Knightregarding abatement reporting for Takedaproperty; Schedule Zoom meeting andpreparation of correspondence to Authoritymembers regarding same

Service 07/21/2020 Draft Minutes from June Meeting; DraftQuarterly Report and forward same to teamfor review; Prepare for JDA meeting

2.00 $150.00 - $300.00

Line Item Discount Subtotal -$159.81

Total $2,505.00

Detailed Statement of Account

Current Invoice

Invoice Number Due On Amount Due Payments Received Balance Due

54 08/21/2020 $2,505.00 $0.00 $2,505.00

Outstanding Balance $2,505.00

Total Amount Outstanding $2,505.00

Please make all amounts payable to: Law Office of Andrea Gray, LLC

Please pay within 30 days.

Invoice # 54 - 07/22/2020

Page 3 of 3

29

389 Mulberry Street | Macon, Georgia 31201

Post Office Box One | Macon, Georgia 31202

478-330-5242 | mmmcpa.com

David Paschal Muse | [email protected]

June 19, 2020 Joint Development Authority of Jasper County, Morgan County, Newton County and Walton County 300 E. Church Street Macon, Georgia 30655 The following represents our understanding of the services we will provide to Joint Development Authority of Jasper County, Morgan County, Newton County and Walton County (Authority). You have requested that we audit the governmental activities and the major fund of the Authority as of June 30, 2020, and for the year then ended and the related notes, which collectively comprise the Authority’s basic financial statements as listed in the table of contents. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter. Our audit will be conducted with the objective of our expressing an opinion on those basic financial statements. Accounting principles generally accepted in the United States of America, (U.S. GAAP,) as promulgated by the Governmental Accounting Standards Board (GASB) require that management’s discussion and analysis (MD&A) be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the GASB, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. You have advised us that you will not include the MD&A in the financial statements. Auditor Responsibilities We will conduct our audit in accordance with U.S. GAAS. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the basic financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the basic financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the basic financial statements, whether due to fraud or error, misappropriation of assets, or violations of laws, governmental regulations, grant agreements, or contractual agreements. An audit also includes evaluating the appropriateness of accounting policies used, and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the basic financial statements. If appropriate, our procedures will therefore include tests of documentary evidence that support the transactions recorded in the accounts, tests of the physical existence of inventories, and direct confirmation of cash, investments, and certain other assets and liabilities by correspondence with creditors and financial institutions. As part of our audit process, we will request written representations from your attorneys, and they may bill you for responding. At the conclusion of our audit, we will also request certain written representations from you about the basic financial statements and related matters.

40

- 2 -

Auditor Responsibilities (Continued) Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements (whether caused by errors, fraudulent financial reporting, misappropriation of assets, or violations of laws or governmental regulations) may not be detected exists, even though the audit is properly planned and performed in accordance with U.S. GAAS and Government Auditing Standards. In making our risk assessments, we consider internal control relevant to the Authority’s preparation and fair presentation of the basic financial statements in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the Authority’s internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the basic financial statements that we have identified during the audit. Our responsibility as auditors is limited to the period covered by our audit and does not extend to any other periods. We cannot provide assurance that unmodified opinions will be expressed. Circumstances may arise in which it is necessary for us to modify our opinions, add emphasis-of-matter, or other-matter paragraphs. If our opinions on the basic financial statements are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express opinions or to issue a report as a result of this engagement. Compliance with Laws and Regulations As previously discussed, as part of obtaining reasonable assurance about whether the basic financial statements are free of material misstatement, we will perform tests of the Authority’s compliance with the provisions of applicable laws, regulations, contracts, and agreements. However, the objective of our audit will not be to provide an opinion on overall compliance, and we will not express such an opinion. Management Responsibilities Our audit will be conducted on the basis that management acknowledge and understand that they have responsibility:

a) For the preparation and fair presentation of the basic financial statements in accordance with accounting principles generally accepted in the United States of America;

b) For the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of basic financial statements that are free from material misstatement, whether due to error, fraudulent financial reporting, misappropriation of assets, or violations of laws, governmental regulations, grant agreements, or contractual agreements; and

c) To provide us with: i. Access to all information of which management is aware that is relevant to the preparation

and fair presentation of the basic financial statements such as records, documentation, and other matters;

ii. Additional information that we may request from management for the purpose of the audit; and;

iii. Unrestricted access to persons within the Authority from whom we determine it necessary to obtain audit evidence.

d) For including the auditor’s report in any document containing basic financial statements that indicates that such basic financial statements have been audited by the Authority’s auditor;

41

- 3 -

Management Responsibilities (Continued)

e) For identifying and ensuring that the Authority complies with the laws and regulations applicable to its activities;

f) For adjusting the basic financial statements to correct material misstatements and confirming to us in the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the current year period(s) under audit are immaterial, both individually and in the aggregate, to the basic financial statements as a whole; and

g) For acceptance of nonattest services, including identifying the proper party to oversee nonattest work;

h) For maintaining adequate records, selecting, and applying accounting principles, and safeguarding assets;

i) For informing us of any known or suspected fraud affecting the Authority involving management, employees with significant role in internal control and others where fraud could have a material effect on the financials; and

j) For the accuracy and completeness of all information provided. As part of our audit process, we will request from management, written confirmation concerning representations made to us in connection with the audit. We will perform nonattest services which include financial statement preparation. We will not assume management responsibilities on behalf of the Authority. However, we will provide advice and recommendations to assist management of the Authority in performing its responsibilities. The Authority’s management is responsible for (a) making all management decisions and performing all management functions; (b) assigning a competent individual to oversee the services; (c) evaluating the adequacy of the services performed; (d) evaluating and accepting responsibility for the results of the services performed; and (e) establishing and maintaining internal controls, including monitoring ongoing activities. Our responsibilities and limitations related to these nonattest services are as follows:

• We will perform the services in accordance with applicable professional standards, including the Statements on Standards for Consulting Services issued by the AICPA.

• This engagement is limited to the financial statement preparation service previously outlined. Our firm, in its sole professional judgment, reserves the right to refuse to do any procedure or take any action that could be construed as making management decisions or assuming management responsibilities, including determining account coding and approving journal entries.

Reporting We will issue a written report upon completion of our audit of the Authority’s basic financial statements. Our report will be addressed to the governing body of the Authority. We cannot provide assurance that unmodified opinions will be expressed. Circumstances may arise in which it is necessary for us to modify our opinions, add an emphasis-of-matter, other-matter paragraph(s), or withdraw from the engagement. In accordance with the requirements of Government Auditing Standards, we will also issue a written report describing the scope of our testing over internal control over financial reporting and over compliance with laws, regulations, and provisions of grants and contracts, including the results of that testing. However, providing an opinion on internal control and compliance will not be an objective of the audit and, therefore, no such opinion will be expressed.

42

- 4 -

Other We understand that your employees will prepare all confirmations we request and will locate any documents or support for any other transactions we select for testing. If you intend to publish or otherwise reproduce the basic financial statements and make reference to our firm, you agree to provide us with printers’ proofs or masters for our review and approval before printing. You also agree to provide us with a copy of the final reproduced material for our approval before it is distributed. Provisions of Engagement Administration, Timing and Fees During the course of the engagement, we may communicate with you or your personnel via fax or e-mail, and you should be aware that communication in those mediums contains a risk of misdirected or intercepted communications. Our firm may transmit confidential information that you provided us to third parties in order to facilitate delivering our services to you. For example, such transmissions might include, but not be limited to Box and DocuSign. We have obtained confidentiality agreements with all our service providers to maintain the confidentiality of your information and we will take reasonable precautions to determine that they have the appropriate procedures in place to prevent the unauthorized release of confidential information to others. We will remain responsible for the work provided by any third-party service providers used under this agreement. By your signature below, you consent to having confidential information transmitted to entities outside the firm. Please feel free to inquire if you would like additional information regarding the transmission of confidential information to entities outside the firm. We expect to begin our audit during August 2020 and to issue our reports no later than December 31, 2020. David P. Muse, Jr. is the engagement partner for the audit services specified in this letter. His responsibilities include supervising McNair, McLemore, Middlebrooks & Co., LLC’s services performed as part of this engagement and signing or authorizing another qualified firm representative to sign the audit report. Our fees are based on the amount of time required at various levels of responsibility, plus actual out-of-pocket expenses. We estimate our fee for these services will be $7,800 to $9,300 depending on the time required to complete the engagement. Invoices will be rendered every month and are payable upon presentation. We will notify you immediately of any circumstances we encounter that could significantly affect this initial fee estimate. Further, we will be available during the year to consult with you on financial management and accounting matters of a routine nature. Government Auditing Standards require that we document an assessment of the skills, knowledge, and experience of management, should we participate in any form of preparation of the basic financial statements and related schedules or disclosures as these actions are deemed a non-audit service. During the course of the audit we may observe opportunities for economy in, or improved controls over, your operations. We will bring such matters to the attention of the appropriate level of management, either orally or in writing. You agree to inform us of facts that may affect the basic financial statements of which you may become aware during the period from the date of the auditor’s report to the date the financial statements are issued.

43

- 5 -

Provisions of Engagement Administration, Timing and Fees (Continued) In accordance with the requirements of Government Auditing Standards, we have attached a copy of our latest external peer review report of our firm for your consideration and files. We agree to retain our audit documentation or work papers for a period of at least five years from the date of our report. At the conclusion of our audit engagement, we will communicate to the board of directors the following significant findings from the audit:

a) Our view about the qualitative aspects of the Authority’s significant accounting practices; b) Significant difficulties, if any, encountered during the audit; c) Uncorrected misstatements, other than those we believe are trivial, if any; d) Disagreements with management, if any; e) Other findings or issues, if any, arising from the audit that are, in our professional judgment,

significant and relevant to those charged with governance regarding their oversight of the financial reporting process;

f) Material, corrected misstatements that were brought to the attention of management as a result of our audit procedures;

g) Representations we requested from management; h) Management’s consultations with other accountants, if any; and i) Significant issues, if any, arising from the audit that were discussed, or the subject of

correspondence, with management. Please sign and return a copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the basic financial statements including our respective responsibilities. We appreciate the opportunity to be your financial statement auditors and look forward to working with you and your staff.

Respectfully,

McNAIR, McLEMORE, MIDDLEBROOKS & CO., LLC

David P. Muse, Jr. CPA RESPONSE: This letter correctly sets forth the understanding of Joint Development Authority of Jasper County, Morgan County, Newton County and Walton County. Signature: ______ Title: ______ Date: ______

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Your Success is Our Focus

319 McClanahan Street, S.W. • P.O. Box 12388 • Roanoke, VA 24025-2388 • 540-345-0936 • Fax: 540-342-6181 • www.BEcpas.com

Report on the Firm’s System of Quality Control

To the Members of McNair, McLemore, Middlebrooks, & Co., LLC and the National Peer Review Committee

We have reviewed the system of quality control for the accounting and auditing practice ofMcNair, McLemore, Middlebrooks & Co., LLC (the “firm”) applicable to engagements not subject to PCAOB permanent inspection in effect for the year ended September 30, 2019. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards).

A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System Review as described in the Standards may be found at www.aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.

Firm’s Responsibility

The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported in conformity with professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.

Peer Reviewer's Responsibility

Our responsibility is to express an opinion on the design of the system of quality control and the firm’s compliance therewith based on our review.

Required Selections and Considerations

Engagements selected for review included engagements performed under Government Auditing Standards, including compliance audits under the Single Audit Act, audits of employee benefit plans, and an audit performed under FDICIA.

As part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures.

45

Your Success is Our Focus

319 McClanahan Street, S.W. • P.O. Box 12388 • Roanoke, VA 24025-2388 • 540-345-0936 • Fax: 540-342-6181 • www.BEcpas.com

Opinion

In our opinion, the system of quality control for the accounting and auditing practice of McNair, McLemore, Middlebrooks & Co., LLC, applicable to engagements not subject to PCAOB permanent inspection in effect for the year ended September 30, 2019, has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency(ies) or fail. McNair, McLemore, Middlebrooks & Co., LLC has received a peer review rating of pass.

CERTIFIED PUBLIC ACCOUNTANTS

Roanoke, VirginiaJanuary 27, 2020

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April 01, 2020

Joseph NicholsMcNair McLemore Middlebrooks & Co., LLC P.O. Box 1Macon, GA 31202-0001

Dear Joseph Nichols:

It is my pleasure to notify you that on March 25, 2020, the National Peer Review Committee accepted thereport on the most recent System Review of your firm. The due date for your next review is March 31,2023. This is the date by which all review documents should be completed and submitted to the administeringentity. Since your due date falls between January and April, you can arrange to have your review a fewmonths earlier to avoid having a review during tax season.

As you know, the report had a peer review rating of pass. The Committee asked me to convey itscongratulations to the firm. Thank you for your cooperation.

Sincerely,

Michael FawleyChair, National [email protected]+1.919.402.4502

cc: Mark Wiseman, Charles Hall

Firm Number: 900010047012 Review Number: 574468

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1

INTERGOVERNMENTAL AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES BETWEEN THE NEWTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY AND THE JOINT DEVELOPMENT AUTHORITY OF JASPER COUNTY, MORGAN COUNTY, NEWTON COUNTY, AND WALTON COUNTY THIS AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES (hereinafter “Agreement”), made and entered into this___day of____________, 2020 between the Newton County Industrial Development Authority (hereinafter “NCIDA”) and the Joint Development Authority of Jasper County, Morgan County, Newton County, and Walton County (hereinafter “JDA” and, collectively along with NCIDA, the “Parties”). WHEREAS, the JDA was created pursuant to the provisions of the Development Authorities Law, O.C.G.A. 36-62-1, et seq.; WHEREAS, the NCIDA was created by amendment to the Georgia constitution and has the powers provided to development authorities by the Development Authorities Law, O.C.G.A. 36-62-1, et seq.; WHEREAS, pursuant to Article IX, Section III, Paragraph I of the Georgia Constitution, counties, cities, and public authorities may enter into intergovernmental agreements for the provision of services and each of the parties to this Agreement is authorized by law to promote commerce, employment, industry, and trade within its respective area of operation; WHEREAS, the Development Authorities Law authorizes each of the Parties to appoint officers and hire employees and to provide for their compensation and duties; WHEREAS, the NCIDA employs an executive director to assist it in carrying out its responsibilities under the Development Authorities Act by overseeing the promotion of commerce, employment, industry, agriculture and trade in Newton County; WHEREAS, the Parties desire for NCIDA to provide Economic Development Services, (hereinafter defined), to the JDA; WHEREAS, the Parties desire to establish a protocol by which the JDA will reimburse the NCIDA for providing Economic Development Services to the JDA; WHEREAS, this Agreement replaces the May 29, 2018 Agreement for the same services between the JDA and the Newton/Covington Office of Economic Development which office is no longer in existence; NOW THEREFORE, FOR AND IN CONSIDERATION of the mutual promises, benefits, covenants and considerations herein expressed, pursuant to their authority and the law, and in furtherance of the public purposes herein contained, the parties do hereby agree as follows: 1.0 DEFINITIONS

The following terms shall have the meanings ascribed herein for purposes of this Agreement:

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2

1.1 “Economic Development Services” means services which tend to promote commerce, employment, industry, and trade including, without limitation, the following:

1.1.1 the identification, solicitation, and facilitation of the relocation of

businesses to the service area of a Party.

1.1.2 the exploration of possible opportunities for the development of new, and the redevelopment of existing, industries, enterprises, ventures and other commercial entities within the service area of a Party which will positively impact the economic well being of such Party and the citizens therein.

1.1.3 Developing technical and informational resources relating to the service

area of a Party which shall be readily accessible to all organizations, prospects, governments, individuals, or others, within or without the service area of a Party, who are interested in possible industrial or commercial development within the service area of such Party.

1.1.4 Maintaining contact, cooperation and working with other agencies and

entities involved in the facilitation of economic development. 1.1.5 Maintaining familiarity with local, state, regional and national trends in

economic development. 1.1.6 Utilizing all sources appropriate to create more and improved jobs for the

benefit of a Party and the citizens therein.

1.2 “Economic Development Transaction” means a transaction which occurs as the result of Economic Development Services, which serves to facilitate commerce, employment, industry, agriculture, or trade and which involves either: (1) the sale of land within the service area of a Party or (2) the issuance of bonds for which a Party receives an issuer’s fee.

2.0 TERM

2.1 The term of this AGREEMENT shall commence upon execution by both parties and end on May 30, 2023.

3.0 DUTIES OF THE JDA. During the term of this Agreement, JDA shall: 3.1 Timely pay to NCIDA all compensation and reimbursement to which NCIDA is entitled to hereunder. 3.2 Provide such cooperation as is necessary for NCIDA to provide Economic Development Services within the JDA service area. 4.0 DUTIES OF THE NCIDA.

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3

During the term of this Agreement, the NCIDA shall:

4.1 Provide Economic Development Services to the JDA.

4.2 Continue to provide Economic Development Services in its own service area.

4.3 Continue to employ and compensate its executive director on a full time basis.

4.3.1 The compensation paid by NCIDA to its executive director shall compensate such executive director both for services provided to NCIDA and for services provided to the JDA hereunder; the executive director shall not be entitled to additional compensation from the JDA. Nothing herein shall prevent NCIDA from paying additional amounts to its executive director.

4.3.2 The obligation of NCIDA to continue to provide Economic Development

Services to the JDA hereunder is expressly conditioned upon the continued receipt by NCIDA of funding from the Board of Commissioners of Newton County sufficient for NCIDA to continue to employ a full time executive director.

5.0 COMPENSATION AND REIMBURSEMENT.

5.1 During the term of this Agreement, the JDA shall compensate the NCIDA for providing Economic Development Services to the JDA; such compensation shall be paid upon the closing of Economic Development Transactions, as provided herein.

5.2 Compensation based upon the sale of land. When an Economic Development

Transaction involves the sale of land owned by the JDA and not subject to a Lease Agreement or encumbered by a Security Deed by TPA, JDA shall compensate the NCIDA as follows:

5.2.1 Where such land is sold for a price which is equal to or greater than $32,500

per acre, JDA shall pay to the NCIDA an amount equal to 2 percent of the total sales price.

5.2.2 Where such land is sold for a price which is less than $32,500 acre,

including when the land is conveyed for zero dollars, JDA shall pay to the NCIDA an amount equal to the total number of acres sold, multiplied by $32,500, multiplied by 2 percent (.02).

5.3 Compensation based upon the issuance of bonds. When an Economic

Development Transaction involves the issuance of bonds for which the JDA receives an issuer’s fee or other similar compensation or payment (hereinafter referred to as “Bond Fee”), JDA shall compensate NCIDA as follows:

5.3.1 JDA shall pay to NCIDA an amount equal to 2 percent of the Bond Fee

upon the issuance of such bonds or $1,000, whichever is greater.

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4

5.4 Reimbursement. In addition to the compensation provided for in Sections 5.2 and 5.3 of this Agreement, the JDA shall reimburse NCIDA for direct and reasonable expenses incurred by NCIDA in connection with the provision of Economic Development Services to JDA hereunder including, without limitation, travel and lodging expenses and expenses for professional services which are pre-authorized by the Authority.

5.5 Within 30 days after the closing of an Economic Development Transaction, NCIDA

shall submit to JDA an invoice for the amount due as compensation and reimbursement hereunder with respect to said transaction.

5.6 Within 10 days after receipt of the invoice referenced in Section 5.5 of this

Agreement, JDA shall pay to NCIDA the amount set forth in said invoice. 6.0 TERMINATION

6.1 Either Party may terminate this Agreement by providing 30 days advanced written notice of such termination to the other Party.

6.2 Upon the effective date of such termination, NCIDA shall cease providing

Economic Development Services to JDA.

6.3 Upon such termination, JDA shall pay to NCIDA the amount of compensation and reimbursement prescribed by this Agreement which accrued prior to the effective date of such termination.

6.4 For Economic Development Transactions which have been proposed, or were in

progress or were under discussion or negotiation, but which have not yet closed, prior to the effective date of termination, the JDA shall, upon the closing thereof, pay to NCIDA the amount of compensation and reimbursement prescribed by Section 5.0 of this Agreement.

6.5 Within ten days after the termination of this Agreement, JDA shall provide to

NCIDA a list of all Economic Development Transactions which have been proposed, or were in progress or were under discussion or negotiation as of the termination of this Agreement.

6.6 Within 30 days after the termination of this Agreement, NCIDA shall submit to JDA

a final invoice for all amounts due under this Agreement. 6.7 Within 10 days after the receipt of the final invoice referenced in Section 6.6 of this

Agreement, JDA shall pay to NCIDA the amount set forth in said final invoice.

7.0 GENERAL PROVISIONS

7.1 This Agreement shall be construed and enforced in accordance with Georgia law. 7.2 This Agreement may be executed in several counterparts, each of which shall be

deemed to be an original instrument, but all of such counterparts together shall constitute one and the same agreement.

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5

7.3 This Agreement contains the entire agreement of the Parties hereto and no

representations, inducements, promises, or agreements, oral or otherwise, between the Parties not embodied herein, shall be of any force or effect. The Parties may amend the provisions of this Agreement, but no such amendment shall be valid unless reduced to writing and executed under proper authority by the Parties hereto.

7.4 Should any phrase, clause, sentence or paragraph contained herein be held invalid

or unconstitutional, it shall in nowise affect the remaining provisions of this Agreement, which provisions shall remain in full force and effect.

7.5 Time is of the essence with respect to this Agreement and the duties set forth herein.

7.6 No funds of the NCIDA shall be expended on behalf of the JDA. The parties agree that the compensation and reimbursement provided for herein shall fully compensate and reimburse NCIDA for providing Economic Development Services to the JDA.

(Signatures appear on following page)

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6

IN WITNESS WHEREOF, the appropriate officials of the respective Parties hereto, having been duly authorized to execute this Agreement, do hereto affix their hands and seals in their corporate capacities, the day and year first written above. DEVELOPMENT AUTHORITY OF NEWTON COUNTY By:____________________________________ Lanier Sims, Chairman Attest__________________________________ Frank B. Turner, Jr., Secretary [SEAL] JOINT DEVELOPMENT AUTHORITY OF JASPER COUNTY, MORGAN COUNTY, NEWTON COUNTY, AND WALTON COUNTY By:____________________________________ Alan Verner, Chairman Attest__________________________________ Marcello Banes, Secretary [SEAL]

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1

JDA Quarterly Report – April - June 2020

Report covering Quarter 2

Stanton Springs

Marketing Activity:

o Economic development professionals updated JDA marketing material and the new Stanton

Springs website (www.stantonsprings.com) has been launched and is being updated with new

site plans, aerial photography and a video tour

o Engaged Aerial Innovations for quarterly images of the park for progress of the park.

o GISWebtech Partnership established as a recruitment tool for highlighting our sites that

provides real time data for prospects.

Prospects:

o Updated masterplans for the remaining park have been established to designate potential

parcels for potential prospects.

o COVID restrictions have slowed economic development activities

o The 18-acre pad-ready site is a draw for new companies

Current Tenants:

o Takeda is working to create a vaccine for COVID-19 using antibodies from people who have

already had the virus. It is also planning an internal expansion to increase production of its

existing products

o Facebook contributed approximately $1.5 million in local assistance due to the COVID-19

pandemic including providing devices to students at Social Circle City Schools and Jasper County

schools, providing Wi-Fi school buses in Morgan and Jasper Counties, and creating small

business grants through the Newton and Walton County Chambers of Commerce. It is nearing

completion of building one and continues to work on building two at a rapid pace.

Parkway Extension

o Final topping and striping were complete

o Minor utility relocations continue

o Landscaping will be bid and installed as recommended

o Ribbon cutting is pending lifting of COVID restrictions and landscaping

o Security options are being assessed including gating and security cameras

Financial:

o The JDA updated its July 1, 2019 – June 30, 2020 budget to reflect actual expenses and revenues

o Final payment for the parkway extension is expected in July 2020

o project is on budget and contingency funds may be returned

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http://www.stantonsprings.com/

2

o initial contract price was $3,546,088.08

o paid for using land scale proceeds

o Executed a modification to a 2002 GEFA loan which allows Social Circle and Newton County

Water & Sewer Authority to forgo payments and interest on the loan from July through

December 2020. The JDA is not responsible for payments.

Other Activities:

o JDA and the Tax Assessors and Tax Commissioners from the four counties adopted a procedures

manual regarding tax assessment, tax collection and tax digest reporting under House Bill 406

Activities Anticipated in Third Quarter of 2020:

o Completion of parkway extension

o Virtual Job Fair

o Updates to websites

o Facebook construction activities continue

o Continue to work with new prospects

o Determine impact of COVID-19 on construction progress

o Ribbon cutting for parkway extension

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Stanton Springs Industrial Park

Shire Parkway Extension (Phase 1)

For

The Joint Development Authority of Jasper County, Morgan County,

Newton County, and Walton County

July 28, 2020

Project Status Update

1. Construction Progress:

a. Construction is complete and the contractor has completed all punch list items

and is recommended for release of retainage.

2. Contractor Payments:

a. Payment Application No. 8 is attached and recommended for payment in the

amount of $11,907.32. The above payment will make the total payment to date

$3,460,602.63, and the remaining balance per the Contractor’s bid (adjusted by

previous change orders) is $384,511.42.

b. Payment Application No. 9 is attached and recommended for payment in the

amount of $384,511.42. The above payment is the outstanding retainage withheld

during the project. The remaining balance of the contract is $0.00.

c. Contingency Funds: $354,609.00 (10% of original bid)

($27,483.60) (Wetlands Mitigation)

($59,772.80) (CO#1)

($231,153.14) (CO#2)

($9,199.04) (Walton EMC Lighting)

($8,100.03) (CO#3 – Final Adjusting)

$18,900.39 (unused contingency to date)

3. Change Orders:

a. Change Order #3 – Cleanup of miscellaneous items, including but not limited to,

decorative stamped median concrete, concrete encasement for natural gas

main, additional striping in cul-de-sac, reduction in demolition, additional erosion

control items for stabilization, and correction of installed versus proposed

quantities.

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3:00 p.m. june 23, 2020 jasper, morgan, newton and …€¦ · 28.07.2020 · executive session...

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