2026-10-13 - Development Authority

00:00Development

00:09Authority monthly meeting. Today is

00:12Tuesday, October the 13th. The first

00:15item on the agenda is public comment.

00:18Has anyone

00:19no speakers? Okay. Uh the next item on

00:22the agenda is review and approval of our

00:24meeting minutes from our September

00:26meeting.

00:28I will entertain a motion on that.

00:32>> Motion for Mr.

00:34>> Second for Mr. Chen. All in favor say I.

00:36I.

00:37>> All oppose seems sign. Motion carries.

00:40Next item is the VBDA annual financial

00:43report and our auditor is turn.

00:59Well, good morning everyone. Thank you

01:01for having me here this morning to

01:03present the results of the audit of the

01:04Virginia Beach Development Authority.

01:08My name is Laura Harden. I am the

01:09engagement partner who oversaw the audit

01:12of the authority. Um, in addition, we

01:14have a second partner reviewer who comes

01:15in at the end of the audit, gives us a

01:17second um independent uh review. Our

01:21senior manager, Shelby Brown, our senior

01:24chandler board, and our associate, Emily

01:26Orund, are the individuals who made up

01:29our audit team this year.

01:31[snorts] So, we did audit the authority

01:34as of and for the fiscal year ended June

01:3630, 2026. We issued our report on

01:39October 9th, 2026. We issued what's

01:43called an unmodified opinion on the

01:44financial statements. That is the best

01:46opinion you can receive as a result of

01:48your audit. It's what a lot of people

01:49will refer to as a clean audit opinion.

01:52We also perform audits under both

01:54government auditing standards as well as

01:56the auditor of public accounts

01:58specifications for audits of

02:00authorities, boards, and commissions. We

02:02identify no matters of non-compliance

02:05that are required to be reported under

02:06those standards. We also do gain an

02:09understanding of the internal control

02:11environment of the authority that helps

02:13us to plan and perform our audit.

02:15There's not the purpose is not to

02:16provide an opinion. However, if we

02:19identified any deficiencies during that

02:22um process, we would be required to

02:24communicate them to you. We did not

02:26identify any material weaknesses in

02:29internal control over financial

02:30reporting.

02:34Um, we did not have any misstatements

02:36that we identified during our audit

02:38process that were correct either

02:39corrected by management or left

02:41uncorrected.

02:45Next, I'll just go over some qualitative

02:46aspects of accounting practices. Um, so

02:49note one of the financial statements

02:51describes the accounting policies of the

02:52authority. Management is responsible for

02:55the selection and use of those policies.

02:58During fiscal year 2026, the authority

03:00did implement three new standards. The

03:03first being Gatsby statement number 103,

03:05which is financial reporting model

03:07improvements. This standard didn't

03:10change any of the numbers in the

03:12financials, but it did change the layout

03:13of the management's discussion and

03:15analysis as well as some of the

03:17presentation of items within the

03:19statement of revenues and expenses and

03:20changes in that position. Statement

03:23number 104 is the disclosure of certain

03:25capital assets. There were no material

03:28changes as a result of this and then

03:30statement number 105 subsequently also

03:33had no significant impact on the

03:35financial statements.

03:37During our audit process, we are also

03:39required to gain an understanding of the

03:41related party transactions and

03:42relationships that the authority has. We

03:45had no uh difficulties in identifying

03:47those relationships and noted none that

03:50appeared to lack business purpose or had

03:53any kind of non-compliance. and there

03:55were no difficulties in identifying the

03:57party that ultimately controls the

03:59authority.

04:02Um, significant unusual transactions

04:05um are items that are outside of the

04:07scope of normal business for the

04:09authority. There were no items that we

04:11considered uh significant or unusual

04:13transactions that uh are required to be

04:16reported to you. Additionally, all

04:19transaction significant transactions

04:21have been recognized in the financial

04:23statements in the proper period.

04:27Um, there are some estimates within the

04:30financial statement financial statements

04:32meaning that these amounts can change

04:33year-over-year based on the underlying

04:35assumptions that go into making those

04:37estimates. We do gain an understanding

04:39of those assumptions and perform

04:41procedures to test them. The most

04:43sensitive to the authority is the

04:45estimate of the land and building

04:46inventory as it's based on acquisition

04:49cost plus improvements not in excess of

04:52net realizable value.

04:55The financial statement disclosures are

04:57neutral, consistent and clear. We did

05:00not perform any nonattest services for

05:02the authority and we are independent of

05:04the authority.

05:07We had no difficulties in dealing with

05:09management in completing our audit, nor

05:11did we have any disagreements with

05:13management.

05:14We had no matters that we had to consult

05:16with someone outside of our engagement

05:18team for any difficult or contentious

05:20matters. On the date of our audit

05:22opinion, October 9th, 2026, management

05:25signed a representation letter to us

05:27that represented that they've provided

05:29us all the information that we need to

05:31perform our audit.

05:34We are not aware of any cases where

05:36management has um consulted with another

05:39auditor for any kind of second opinion

05:41shopping

05:43and we had no other findings or issues

05:46that are required to be reported to you.

05:48We did not identify any fraud or legal

05:50acts as a part of our audit and there

05:53were no events or conditions that

05:54indicate substantial doubt about the

05:56authority's ability to continue as a

05:58going concern.

06:00This slide just notes that there's a few

06:02different sections within the financial

06:04statements that are either audited or

06:07have in in relation to opinion to the

06:09financial statements. The first being

06:11the required supplementary information

06:12which is that management's discussion

06:14and analysis. Um and then we do review

06:18each of the sections, make sure that

06:20they're materially consistent to the

06:22financials.

06:24And with that, I'm happy to take any

06:26questions that you might have.

06:29Any questions?

06:33>> Thank you so much. We appreciate your

06:34time.

06:38>> Next week for review of the financial

06:40statements for September. Are we

06:54uh good morning madam chair uh members

06:56of the DBDA. I will be going over the uh

06:59monthly cash flows and financial

07:01activity for the month of September.

07:05Uh for the operating account, we had a

07:08beginning cash balance of uh just over

07:108.6 million. Uh during the month, we re

07:14we received a payment for the land for

07:16land sale in corporate landing business

07:18park. Uh this was part partial 6CA2.

07:23Um, and that was paid to uh Yankee

07:26Doodle LLC, which is also uh Zero Point

07:29USA.

07:31Um, we received an industrial revenue

07:33bond admin fee. This was for bond number

07:36472 that was issued back in August of

07:392018 and uh that was received from

07:42Westmin Westminster Canterbury. Um we

07:45received the September monthly interest

07:47income and then we also received um one

07:51payment from the international

07:53international incubator rent um that

07:56covered the period of September 11th to

07:58uh March 10th that was paid by Valtec

08:01Group. Uh so total cash receipts during

08:04September was $868,552.

08:09Uh there was two payments. Um, one of

08:12them was for progress billing number two

08:14for the fiscal

08:162026 audit, which we just presented and

08:19that was paid to Cherry Beckard. And

08:22then also for one payment for monthly

08:24conduit management covering the period

08:26of July 15th to August 15th. Um, co

08:30total cash dispersements during the

08:32month of September were 30,310.

08:35And that leaves us with an ending cash

08:36balance on September 30th of 9,518,319.

08:46Also for the operating account, we had

08:48um the amounts that were paid by the

08:50VBDA and then reimbursed through city

08:53CIP. There were two payments. One was

08:56for the Atlantic Park Atlantic Park

08:58garage barrier cable wrapping. Um

09:01[snorts] and that was for services

09:03through July 31st.

09:05uh which was originally paid to

09:06structure flex. And then we have

09:09pre-development costs incurred in

09:11connection with the 19th Street garage

09:14project. Um that was draw request number

09:16two and paid to the Running Me

09:18Corporation.

09:19Um the total the total amounts that were

09:23paid by the VBDA in September were

09:24$453,532.

09:28Um and then as I mentioned all of those

09:31were re both those payments were

09:33reimbursed by the city on September

09:3528th. Um so there was no change in

09:38[clears throat]

09:39operating cash related to these two

09:40transactions.

09:43Um the cap for the capital maintenance

09:45accounts we had the human services

09:48building we received the monthly lease

09:50payment for October of 47,910

09:53and then we also made a payment for the

09:56human services elevator modernization

09:58project to HBA architecture that was for

10:02$3,470.

10:05Um, so the ending cash balance on

10:08September 30th was $2,252,270.

10:14Um, and then we also had amounts

10:15encumbered on that date of just over

10:18[snorts] $811,000.

10:21So funds that are available for future

10:23um capital for future human services

10:26building capital maintenance is

10:281,436,899.

10:33uh for the do the for the dome um

10:37capital maintenance account there was no

10:38activity so that balance stayed at

10:41163,978

10:45uh for the VB National Golf Course the

10:47final capital maintenance account we

10:49received the August monthly revenue

10:51share agreement of 26,179

10:56um we also had one payment for monthly

10:59furniture rental to Corp Furniture that

11:02was just under 2,000 and um leaving us

11:05with an ending cash balance of 960,716.

11:10And then the amounts we have encumbered

11:11for this account are 96,545.

11:16Um which means that we have funds

11:18available for future expenses of

11:20$846,761

11:27for the facade improvement grant

11:29account. Um there was one there was one

11:33payment for or one reimbursement for

11:35installation of illuminated sign that

11:38was paid to Eco Lux hair and nail spa

11:42for 2 for just over 2500 $2,500.

11:46Um with that transaction the ending cash

11:49balance is $73,600.

11:52And then for this facade improvement

11:55grants specific to Atlantic Avenue, um

11:58we had one reimbursement for the

12:00installation of exterior light cannons.

12:03Um that was reimbured to Hilton the

12:06Hilton of Virginia Beach Oceanfront for

12:08$25,000.

12:10And then we also had the installation of

12:13security lighting and a new sign face on

12:17on their their monument sign that was to

12:20the trifecta group which is also the

12:22shack um on 8th Street. That was for

12:25$17,55.

12:28Um and that leaves us with a cash

12:30balance in that account of $197,337.

12:37And then um the final uh the final

12:41financial account is for the um EDIP

12:44transactions.

12:46There were no reimbursements during the

12:47month of September. So that leaves us um

12:51with EDIP appropriations from the city

12:54on September 30th of 11,82,000

12:58or 82. Yeah.$ 82,820.

13:03Um, at last V at last month's VBA

13:06meeting, there was one award um that was

13:09approved that was to SACRA LLC for

13:14$42,000.

13:15Um, and that is based on them performing

13:18775,000 in capital invest investment and

13:22creating seven new jobs. um that that

13:2642,000 increases the encumbered amount

13:28to $5,66,450 [snorts]

13:32on September 30th. Uh there's no

13:35activity during September for EDIP part

13:38B. Uh so that encumbered amount stayed

13:40at $812,269.

13:44And then the EDIP the EDIP grants that

13:48we have available for future award is

13:51now 5,924,11.

13:56Um are there any questions?

13:58>> Any questions for Howie?

14:01>> Thank you very much.

14:02>> You're welcome.

14:04>> Next we have uh a request for approval

14:07of a resolution for an EDIP part A

14:10award.

14:24Good evening, Madame Chair,

14:27commissioners, ladies and gentlemen. I'm

14:29here to discuss Muati, Dr. Mumati's EDIP

14:33request.

14:36The disclosures

14:43overview of the EDIP policy.

14:49Okay. So, a little bit about the

14:51company. So, it's a a family dentistry

14:54office practiced for 40 year for 42

14:57years in Virginia Beach. Uh Dr. Mavro

15:01Matives is joined by his two sons in his

15:04dental practice and at

15:082248 Sun State Court.

15:12Uh recently they're purchasing an

15:14existing McDonald's at 2876 Shore Drive.

15:18I was vacant for a little over two

15:20years. [snorts]

15:21Uh looking up it's a a 4377

15:26foot building on a 81 acre lot.

15:32So the project is to develop a new

15:34twostory office for the family dentist

15:36office.

15:38The development will house a 240 dental

15:42office

15:43dental with the primary function on the

15:46first floor and then you'll have the

15:48staff office break space on the second

15:51floor and then there is an additional

15:552,000 square foot

15:58um development that would be uh uh

16:03developed as part of the project and

16:05really be leased to a health care

16:07professional.

16:11So for the economic impact, we're

16:13looking at a total investment of

16:17almost like $6 million, but the

16:19qualifying capital investment only look

16:22at 3,690.

16:24Uh they're creating an additional six

16:27job to the existing 11 jobs. uh for a

16:31total of [snorts] 17 jobs with an annual

16:34salary of 102,333

16:38but we only incentivizing four of them

16:40at tier 2.

16:44So the recommendation was to award

16:46159600

16:48to Dr. Mroes first one to the ADIP part

16:51A 147600 for capital investment and

16:5512,000 for creation of the four jobs

16:59and the target industry sector is

17:01professional services

17:04and I'll take any questions. Thank you.

17:07Any questions for ESAN?

17:10If not, I will entertain a uh motion on

17:13the request for approval of a resolution

17:15of an EDIP part A award in the amount of

17:18$159,600

17:21to Maverattis Dental.

17:23>> So move.

17:24>> Got a motion for Mr. Weiner and a second

17:26for Mr. Horsley. All in favor say I.

17:28>> I. All oppose. Same sign. That motion

17:30carries. Thank you, Eson.

17:32>> Thank you.

17:34Next item is with regard to VBDA assets

17:38and we've got Chris Pitman from the city

17:40county doctor here.

17:45>> Good morning, Madam Chair, members of

17:46the board. Morning, Chris. We uh we're

17:48here today again on Atlantic Park. We've

17:50talked about this in past meetings. Uh

17:53this particular request is uh to allow

17:56signage on the uh two parking garages

17:59that are BBDA assets that are part of

18:03larger condominiumized structures. Um

18:06you will note that in particular

18:09um here's the pointer.

18:14The uh the garages have have pretty

18:16premium street frontage here on the

18:18corner of 20th and uh Altic. And then

18:22also on 20th and Pacific, the request is

18:25to be able to use uh portions of these

18:29condo units for advertising the on-site

18:32businesses that are primarily on Arctic

18:35or fronting on 18th. You will note also

18:38that Arctic has been closed this summer

18:41um by the agreement of the developer and

18:44the uh city um given all the activities

18:47that happen out there both the uh dome

18:51events that are exterior events as well

18:53as they've had festivals and that kind

18:55of thing.

18:55>> [clears throat]

18:55>> So, um I think part of the request is to

18:59uh help um create visibility for these

19:02high-end retailers that were recruited

19:05as part of this project, the high-end

19:08restaurants. Uh this is a rendering of

19:10what it might look like at 20th and

19:12Pacific. You'll note that all of the

19:14listed businesses are contained within

19:16the Atlantic Park development. That's

19:18the goal here. Um the amount of signage

19:20that's permitted um is within their

19:23major event signage approval from when

19:26they did the Atlantic Park signs up top.

19:28They have an additional 600 square ft

19:30across the project they can use and the

19:32request is to use that 600 feet to

19:35advertise the uh on-site tenants and um

19:38and restaurants. Um

19:41it would be a modification of the

19:43condominium documents that would allow

19:45sign easement. Um just by way of

19:47background we do have um a fair amount

19:50of city and development authority money

19:52invested in this public private

19:54partnership. Um the rationale included

19:57bringing these new tomarket high-end

19:58retailers and restaurants to the uh

20:01oceanfront. These are now uh businesses

20:04we hope to retain. They've provided some

20:07information that they are not hitting

20:09their numbers through the course of this

20:11first full summer for them and their

20:13hope is to have some increased

20:14visibility. Um, it is limited to on

20:17premises businesses. This is not where

20:19they'd be selling ad space to other

20:22businesses throughout the city. It would

20:23only be for the the the retailers and

20:25the restaurants on premises. Um, it's

20:28similar to having a a monument sign for

20:31a strip mall that has all the different

20:32businesses within the strip mall on that

20:34sign. Um, and we did or or you did grant

20:38a similar similar condo easement for the

20:4031st Street garage and that was a no

20:42cost uh compensation requested easement

20:46in in that scenario. So, we just um

20:48request your approval if if you have no

20:50questions.

20:51>> Thank you. Any questions for Chris?

20:53>> I have a question Chris on this condo.

20:55Um are these retailers participants in

20:57the condos for assessments and dues?

20:59>> Yes, absolutely. That's my

21:00understanding. either they or the or

21:02their um the owner is which would be the

21:04the the developer.

21:06>> So that those dues should support the

21:07maintenance on these signs.

21:08>> Yes, absolutely.

21:09>> Perfect. Thank you.

21:10>> Thank you.

21:11>> All right. Any other questions for

21:13>> I'm going to abstain.

21:14>> I will be standing as well.

21:17>> I need to abstain also.

21:18>> Okay.

21:19>> So we'll have three

21:22>> abstensions. All right. Um, so then the

21:25uh request for approval of a resolution

21:28authorizing sign adisements on the

21:30Atlantic Park garage. We'll need a

21:31motion.

21:32>> Motion.

21:33>> Motion for Mr. Schuler.

21:34>> Second.

21:34>> Second for Mr. Joseph. All in favor say

21:36I. I.

21:37>> All oppose. Same sign. That motion

21:40carries. And then we've got the

21:42abstensions noted on the record.

21:44>> Thank you.

21:44>> Thank you, Chris.

21:48Next item is industrial parks.

22:04Morning, Madam Chair, members of the

22:06board. Um, today we're going to set our

22:08start out with Bush Vacuum Solutions.

22:10They have a uh temporary facade waiver

22:12request for you today. Here's a look at

22:15their disclosures.

22:19So, a little bit of background about the

22:20Ocean West Industrial Park. Um, the VBDA

22:23adopted the restrictive covenants back

22:25in 1985

22:27and the covenants require any plans uh

22:31relating to building design,

22:33landscaping, fences to be approved by

22:35the VBDA.

22:37In 2024, the VBDA voted to remove the

22:41section of the covenants relating to

22:43signage um so that it aligns more with

22:45the city of Virginia Beach's zoning sign

22:48ordinance.

22:49Bush Vacuuming Solutions also back in

22:512024 was approved from the waiver of the

22:54Oceanana West Industrial Park sign

22:56regulations.

22:58Here's their location off of Viking

23:00Drive.

23:04So, a structural engineers report noted

23:07that there is displacement between the

23:09brick veneer and the framing um in the

23:12amount of 6 to 8 in. So, this is causing

23:14a safety concern. So while Bush

23:17leadership is going to discuss expansion

23:20or demolition um options for this site

23:24um they want to alleviate security risks

23:27um associated with the structural

23:28deficiencies.

23:32So this is what it would look like.

23:36So the existing building materials are a

23:40mix of brick facade um and some metal

23:43coping flashing um and they want to use

23:46um metal signing sighting um to match

23:51the color of the metal um that exists on

23:54the building today. Using all metal in

23:58the Oceanana West Industrial Park is not

24:01an approved material. So that's why it's

24:03before you today. Um, so staff is

24:06recommending the approver approval of

24:09the waiver request. Um, and construction

24:11is expected to begin as soon as a

24:13permanence obtained. And just so the

24:16board is aware, um, the funding of the

24:19permanent expansion or demolition of the

24:22site isn't expected to be funded for

24:24another 5 to 10 years.

24:28>> Any questions?

24:29>> Right. Any questions for Pam? So Pam,

24:31this is a temporary

24:33solution. it is going to be a temporary

24:35solution while they figure out what

24:36their funding and and their um expansion

24:40goals are going to be for the area.

24:42>> Great. Thank you. All right. Um hearing

24:45no more questions, the chair will

24:46entertain a motion on the request for

24:49temporary facade expansion or exception,

24:52excuse me, for bush vacuum solutions at

24:54Oceanana West Industrial Park.

24:57>> Motion for Mr. Weiss and Seal, second

24:59for Mr. Kaplinger. All in favor say I.

25:02I.

25:02>> All oppose. Same sign. That motion

25:04carries. One more, Pam.

25:06>> One more. Okay.

25:14Okay. So, now we're going to talk about

25:17the uh construction design of Globe

25:20Links. Here, I'll look at their

25:21disclosures.

25:26Um, so the VBDA adopted new design

25:29guidelines for corporate landing

25:30business park back in 2021 and the

25:32design guidelines require uh plans

25:35relating to building design,

25:36landscaping, screening and signage to be

25:38approved by the BBDA.

25:42Um, Global Links hosts um active

25:45domestic and international carriers.

25:47Phase one of the building is about

25:4812,000 square feet and the VPDA approved

25:51an EDIP request in May of 2026 for the

25:55land sale of phase three expansion at

25:58the August 2026 meeting. Um, and then

26:02phase two is the second submitt is in

26:05the second submitt middle phase within

26:07the city of Virginia Beach in the permit

26:08office.

26:10So, this location is zoned I1. Um the

26:13building footprint is going to be a

26:15little shy of 7 74,000 ft. It's going to

26:18have 14 parking spaces. Um the

26:22construction materials that are going to

26:24be used are concrete and glass and

26:26they're not seeking [snorts] a variance

26:27from the uh design guidelines for

26:30corporate landing business park.

26:33So this first slide is what is going to

26:35be viewed from corporate landing

26:40and then another um elevation that will

26:43be seen from corporate landing as well.

26:48And then these two elevations are not

26:50going to be able to be seen from the

26:53corporate landing parkway road.

26:58So, this does meet corporate landing

27:00design criteria and the construction is

27:03[snorts] expected to begin in quarter 1

27:05of 2027 and staff is recommending

27:07approval.

27:10>> Any questions? And this is a location

27:11for the subc.

27:13>> Yes, ma'am.

27:18>> I'm not here.

27:19>> Okay. No questions, Pam. Thank you. Um,

27:22I've got a motion for Mr. Weiss.

27:25>> Second. And this is on the request for

27:27Global Ink Status Center expansion

27:29design review.

27:31I've got a motion and a second for Mr.

27:33Scheler. All in favor say I. I.

27:35>> All oppose. Same sign. That motion

27:37carries. Thank you. Um, next we have uh

27:41any administrative information? Any BBDA

27:45commissioners have any comment?

27:47Any priorities, things you want to say?

27:50Um, I will just say I don't know how

27:53many of you all know, but a couple weeks

27:55ago the city attorney Mark Styles passed

27:57away. Um, he was a dedicated public

28:00servant and a man of great integrity.

28:04Uh, and I know the department misses

28:06him, the city misses him. Um, and his

28:10family and friends will as well. We um,

28:14offer up a prayer for his family. It's a

28:16shame when something like that happens,

28:18especially somebody so young.

28:20With that, um, I'm the director's

28:24report.

28:32>> Great. Good morning, Madam Chair,

28:33members of the board. Um, it's been a

28:36busy month. We just kicked off October

28:381st, our small business grant program,

28:40the EDIP part F. As you'll remember,

28:42we've already had 70 applicants, so it's

28:44proving to be a good round. Get your

28:46applications in while you can. It's only

28:48open till the end of the month. Uh, we

28:50kicked off our strategic plan update.

28:52The economic development strategic plan

28:53for the city hasn't been updated since

28:552021. We've retained JLL consultants to

28:58help us with that process. They will be

28:59in front of the board probably by the

29:01end of the year, first quarter of 27,

29:03but initially they're going to be

29:05working with our representatives on the

29:06EVIP policy update. So, look out for

29:09that um update soon. Um last week we had

29:14a really exciting international

29:15delegation in town ahead of a defense

29:17conference in DC that was just the past

29:19just yesterday. Um we hosted 19

29:22international um representatives from

29:25different countries, some of them being

29:26governs

29:28from their embassy. Um thank you Gunter

29:30for your honorary Germany embass embassy

29:33representation at or um some of those

29:36meetings. um they were here. We really

29:39hoped that they left showcasing

29:41understanding for the Virginia Beach

29:43ecosystem here as an ideal expansion

29:45opportunity for the defense and

29:47technology sector.

29:49Um and instrumental in hosting that um

29:52were our international team here today

29:54with us. We have Charles McDow

29:56representing our UK

29:58and

30:00Day Fenu representing the European uh

30:03market as well. We are very lucky to

30:04have them here today. There will be an

30:06opportunity afterwards for you to meet

30:07them with our international incubator

30:09tour which is turning 5 years old today.

30:12We have a little tour um scheduled right

30:13after this. So you have a minute to stay

30:15meet our international team and um

30:19network.

30:21Um and a big shout out to Paige Fox and

30:23her team, the attraction team for

30:25hosting that delegation. It was a big

30:26lift and we expect some really good

30:28things to come of it.

30:31>> Anything else for me?

30:33>> Any questions for Emily?

30:36Thank you all.

30:36>> All right. Thank you.

30:37>> Thank you.

30:40>> If there's nothing further, the chair

30:42will entertain a motion to recess into a

30:44closed session pursuant to the

30:46exemptions from open meetings allowed by

30:48section 2.2-3711A

30:51code of Virginia as amended for the

30:53following purposes. One, contracts.

30:55Discussion of the award of a public

30:57contract involving the expenditure of

30:59public funds, including interviews of

31:01biders or offerers, and discussion of

31:03the terms or scope of such contract

31:05where discussion in an open session

31:07would adversely affect the bargaining

31:09position or negotiating strategy of the

31:11public body pursuant to Virginia Code

31:13section 2.2-3711A30.

31:16and that pertains to districts 2, three,

31:18and five and citywide.

31:21Two, prospective business or industry.

31:24Discussion concerning a prospective

31:25business or industry or the expansion of

31:28an existing business or industry or no

31:30previous announcement has been made of

31:32the business or industry's interest in

31:34locating or expanding its facilities in

31:36the community pursuant to Virginia Code

31:38section 2.2-371185.

31:42And that [snorts] pertains to district

31:44district 3. I'll need a motion, a

31:46second, and then we'll have a roll call

31:48vote.

31:48>> So move for Mr. Horsesley, a second. Mr.

31:51Jan, and then a roll call.

31:54>> Michael Harris,

31:55>> yes.

31:56>> Donaldley,

31:57>> yes.

31:58>> Jan,

31:58>> yes.

31:59>> Martin Joseph,

32:00>> yes.

32:00>> Lisa Murphy,

32:01>> yes.

32:02>> Patrick,

32:03>> yes.

32:03>> A Weiner.

32:04>> Yes.

32:05>> Wis.

32:06>> Yes.

32:14>> [music]

32:20>> Virginia Beach Development Authority of

32:21the City of Virginia Beach has convened

32:23a closed meeting on this date pursuant

32:24to an affirmative reported vote and in

32:26accordance with the provisions of the

32:28Virginia Freedom of Information Act. And

32:30whereas section 2.2-3712 2-3712 of the

32:33code of Virginia requires a

32:34certification by this Virginia Beach

32:36Development Authority that such closed

32:38meeting was conducted in conformity with

32:40Virginia law. Now therefore be it

32:42resolved that the Virginia Beach

32:43Development Authority of the City of

32:44Virginia Beach, Virginia hereby

32:46certifies that to the best of each

32:48member's knowledge, one only public

32:50business matters lawfully exempted from

32:52open meeting requirements by Virginia

32:54law were discussed in the closed session

32:56to which the certification applies. And

32:58two, only such public business matters

33:00as were identified in the motion meeting

33:03the closed meeting were heard,

33:04discussed, or considered by the Virginia

33:06Beach Development Authority. I'll need a

33:08motion, a second, and then we'll have a

33:09roll call vote.

33:11Motion for Mr. Weiss. Second from Mr.

33:13Harris.

33:17>> Yes.

33:18>> Horsesley.

33:20>> Kill Jane.

33:20>> Yes.

33:21>> Martin Joseph.

33:22>> Yes.

33:23>> Murphy.

33:23>> Yes.

33:23>> Patrick Schuler.

33:24>> Yes.

33:25>> Winner.

33:25>> Yes.

33:26>> Ger.

33:28>> We are ajourned. Thank you all.