MEETING MINUTES CUMBERLAND COMMUNITY IMPROVEMENT … · the final gap piece for the next extension...

MEETING MINUTES CUMBERLAND COMMUNITY IMPROVEMENT DISTRICT

Thursday, December 10, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Mike Plant John Shern Barry Teague Bob Voyles Mason Zimmerman LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Malaika Rivers Melissa Crook Mike Winters Kyethea Clark Roxanne Plummer Bryan Bebout COBB COUNTY Chairman Tim Lee Commissioner Bob Ott Kellie Brownlow

JACOBS Lynette Baker Jeff Woodward MORELAND ALTOBELLI Buddy Gratton OTHERS PRESENT Ron Sifen, Vinings Carlos Perez, Perez Planning & Design, LLC Ed McBrayer, PATH Al Martin, Georgia Power Jaime Hockin, Georgia Power Mark Smith, Senator Perdue’s Office Jamie Tucker, Akin Gump Faye DiMassimo, City of Atlanta Jim Freyermuth, Ga Commute Options Peter Hortman, AECOM Dan Dobry, Croy Engineering Milton Dortch, Stowers & Company Tim Matthews, Pond & Company Sammy Powell, Long Engineering Chris McCoy, Cumberland Mall John Hancock, GDOT Ricky Leroux, MDJ

Karyn Matthews Jim Wilgus Jason Gaines The November/December combined meeting of the Cumberland Community Improvement District Board was called to order at 7:36 a.m. on Thursday, December 10, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. Chairman Leithead welcomed Faye DiMassimo former Cobb DOT Director. Chairman Leithead congratulated her on her new job as the General Manager of the Renew Atlanta Infrastructure Program and presented her with a plaque to say thank you for her hard work and partnership to the CCID for the past 7 years. Chairman Leithead introduced Jamie Tucker, Akin Gump. Mr. Tucker gave Board members an update on the recently passed Highway Bill Reauthorization. The Fixing America's Surface Transportation (FAST) Act was signed in last week by the president, with overwhelming support from Congress. The 5 year, $253 billion bill is set to assure states that federal assistance will be available for major projects by increasing highway and transit spending that translates in over $8 billion coming to Georgia. The FAST Act is estimated to spend roughly $205 billion on highways and $48 billion on transit projects over the next five years. This bill will provide long-term

CCID Minutes December 10, 2015 of 5 certainty and more flexibility for states and local governments. Chairman Leithead stated this will serve the CCID very well. Mr. Tucker will work with Ms. Rivers to identify opportunities for our district. ITEMS FOR APPROVAL 1. Minutes: Mr. Voyles made a motion to approve the October 29, 2015 Minutes of the CCID Board. Mr. Shern

seconded the motion which was unanimously approved.

2. Approval of Financial Statement: After making the Treasurer’s Report, Mr. Teague made a motion to approve the November Financial Report (Exhibit A) as presented and the invoices and cash disbursements as presented (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

Chairman Leithead welcomed John Hancock, Assistant State Innovative Delivery Engineer, GDOT. Mr. Hancock gave Board members an update on the Northwest Corridor Managed Lanes project. The project is on time and should be completed by spring of 2018. Mr. Hancock went on to discuss the projects that are being completed within the CCID - bridge work at I-285/I-75, wall work at I-285/I-75, and construction at Windy Ridge and Terrell Mill. He stated the CCID will be allowed to participate in landscaping of the interchange in 2017-2018. Chairman Leithead presented Jim Wilgus, Cobb DOT Director, with the 2nd $2.5 million installment of the $10 million commitment toward project costs for the provision of governmental services and facilities within the Cumberland Community Improvement District, in accordance with the need for governmental services and facilities specially required by the degree of density of development of the planned Atlanta Braves recreational facility. EXECUTIVE DIRECTOR’S REPORT: A. Real Estate Activity: Investment, Sales, Land Use & Residential: Ms. Rivers reviewed the Investment Sales,

Land Use and Residential collaterals. Through November 30, 2015 the total value of permits in the CCID is $111M (nearly $79M of that is commercial or CCID taxable). This makes up 38% of Cobb County’s total commercial permit value in 2015. The CCID saw properties selling on average for 125% above tax assessor values in 2015. There continues to be an uptick in residential units zoned in the CCID. There are 6,500 dwelling units/13,000 new residents coming into the area.

B. Financials: Tax Digest Collections, Top Tax Payers, Tax Parcel Overview & Tax Parcel Overview Map: Ms. Rivers reviewed the Top Tax Payers and Tax Parcel Overview. The CCID has started to receive some tax digest collections. As of the end of November, the CCID has collected approximately $5.47M in tax collections and anticipating another $85K or more by the end of the year.

C. Work Program: CID Open Projects & Cobb County Initiated Projects: Ms. Rivers stated the CCID has 23 projects in the total work program with 12 under construction and is valued in excess of $230M. $130M is under construction and so far the CCID has received outside commitments of $141M towards those projects. The CCID has also committed $47M to those projects and there is a $42M funding gap which CCID staff continues to work on closing the gap.

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There are two positive changes: 1. The Atlanta Regional Commission (ARC) has recommended awarding the CCID with $880K which is

the final gap piece for the next extension of the Bob Callan Trunk Trail which is scheduled to go to construction next summer. This project is now fully funded.

2. Years ago the CCID had developed a concept to do a bike/pedestrian facility on the south portion of Powers Ferry Road. Attention was pulled away from it because the CCID had other priorities. This project had $2.5M of federal funds attached to it. The CCID asked the ARC if the money could be shifted to another higher priority project which is the final extension Bob Callan Trunk Trail - 4th mile. ARC has agreed to do this. There was a funding gap of $5M with this shift in available resources the funding gap has been cut in half. This project will be able to go to construction after the 3rd mile is completed possibly around the end of 2016, if the funding gap can be closed. CCID staff is working to close the funding gap and will give updates as time goes on. Board members discussed having a consistent landscaping look throughout the CCID.

D. Current Issues/Activities/Requests 1. CCID Snapshot: Ms. Rivers reviewed the CCID snapshot collateral. This collateral gives Board

members a sense of capital improvement projects that have been put through the pipeline over the past 15 years. It is not comprehensive, but it is thorough. Having completed 68 capital improvement projects during its lifetime, the CCID has 23 more in process worth an estimated $230M. More than half of these projects are currently under construction. By 2018 that number rises even higher, as almost three-quarters will be either finished or under construction. Many of these improvements were identified over the past dozen years through Blueprint Cumberland and other planning efforts. Given the near completion of the current pipeline, the CCID will need to replenish its work program so that more improvements can be delivered over the next decade for the benefit of commercial investors as well as the greater community.

2. Blueprint Cumberland 3.0 ($30,000 Approval out of New Initiatives): Ms. Rivers stated in order to stay eligible for the LCI funds which have helped construct many of the CCID’s enhancement projects over the years, it’s time to update Blueprint Cumberland. This will be a major update and the CCID is now 15 years into this effort. Like the first Blueprint Cumberland, it will address comprehensive issues that impact the community from transportation, to land use, to housing and more. It will look at what’s been accomplished in the past and factor in what’s happening now and into the future. It will also update the CCID’s aspirational capital improvement project list which can be used to replenish the pipeline. CCID staff has applied to ARC for $120K in federal funds with a $30K match coming from the CCID. This is a competitive program and the CCID must compete for the award. The last update was done in 2010. As mentioned in the October Board meeting, the local match of $30K will come out of the 2015 New Initiatives account. The Executive Director’s approval power requires Board approval beyond $25K. Ms. Rivers requested Board approval in the amount of $30K which is the local match. Mr. Zimmerman made a motion to approve $30K to be drawn out of the 2015 New Initiatives account. Ms. Engel seconded the motion which was unanimously approved.

3. Bicycle Connectivity Implementation Plan ($97,270): Ms. Rivers stated conversations have been had over the past few months between several Board members and cycling groups about re-examining bike

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connectivity in the CCID community given the rapid growth. One outcome of these conversations is a recognition that although the CCID has a trail map indicating existing and future trail connections, the CCID still has not identified the most appropriate types a cycling facilities for the environment, especially CCID roadways. The CCID’s standard facility is the multi-use sidepath, but given the increased density, mixing pedestrians with cyclists on 10 foot sidewalks may not be the safest nor best option for these corridors. There are likely other types of bike facilities that are better suited to a truly bike-friendly community. The PATH Foundation and Perez Consulting have submitted a Bike Plan Proposal which would consist of a bike connectivity implementation plan, facility design standards, traffic modeling, costing plans, a prioritization schedule, as well as graphic design standards for the system and its amenities. The work would commence in January and take four months. Not only would it make technical recommendations, it would also help the CCID identify the highest priority corridors and financial investments. Mr. Ed McBrayer, with the PATH Foundation discussed the plan which will help the Cumberland CID achieve the three central LCI goals – encourage diversity of place, enhance transportation alternatives, and foster public-private partnerships. The PATH Foundation would like to create an advisory group including some CCID Board members. The money will come out of the 2015 New Initiatives account. Mr. Voyles made a motion to approve $97,270 to PATH Foundation and Perez Consulting to complete the Bike Plan, subject to Lynn Rainey’s review, and must have an outside advisory board which will include some CCID Board members to work along with consultants. Mr. Plant seconded the motion which was unanimously approved.

4. Other ARC has awarded the CCID in the amount of $4M for the Akers Mill Ramp. Ms. Rivers will have a thorough presentation at the February meeting.

E. Operations 1. Capital Improvement Projects Performance Project: Kyethea Clark, Operations Manager gave updates

on: US 41 Widening & Trail, Bob Callan Trunk Trail Ph. II A, and Terrell Mill Connector. Jeff Woodward, Jacobs, updated Board members on what is planned for the slope on Cobb Parkway and Cumberland Blvd (located on the southwest corner - where GDOT has put a retention pond). Mr. Woodward has met with GDOT and it is a permanent easement. GDOT is going back to its ROW department and legal team on how to best move forward. Once the information is received, Mr. Woodward will pass the information on to Ms. Rivers. Mr. Woodward gave updates on the street/pedestrian lighting and Mast Arms Project. Mr. Woodward went on to give an update on the clean-up for the NPS at the Paces Mill unit. It is about 95% complete and should be finished by January. Russell Landscaping did a great job and the NPS complimented them on the clean-up efforts. The CCID is also working on the roadside clean-up area will be completed by spring once GDOT kills off some spore producing species. Ms. Rivers updated the CCID Board on its long term effort that is planned with the NPS for the park unit. Board member Voyles asked Mr. Woodward to look at the plan on cleaning up the clustered telephone phones at Hwy 41/Cumberland Blvd. Mr. Woodward will be meeting with the power company in January.

CCID Minutes December 10, 2015 of 5 F. Communications & Outreach: Ms. Rivers thanked Ms. Plummer and Mr. Bebout on the outstanding job of

keeping the CCID’s communications mechanisms going during this time. Ms. Rivers continues to interview for the Outreach Manager position. Ms. Rivers welcomed Chris McCoy as Cumberland Mall’s newest General Manager.

Cobb County Issues & Updates Cobb Commissioner Bob Ott gave general and project updates on District 2 which included the replacement of the 54 inch water pipe for 6.2 miles going from Terrell Mill Road to Hwy 41 up to Roswell Road. Commissioner Ott encouraged Board members to download the Cobb Commute app. Cobb Commission Chairman Tim Lee thanked the CCID for a great year. Chairman Lee went on to thank Jim Wilgus, Interim Cobb DOT Director, for doing a great job for the County during this transition. OTHER BUSINESS/ADJOURN David Connell, Cobb Chamber President & CEO, introduced Georgia Power’s newest Region West Manager, Jaime Hockin. Chairman Leithead thanked everyone for a great year. The next regular board meeting is scheduled for the same location on January 28, 2016 at 7:30 a.m. There being no further business, the meeting was adjourned at 8:50 a.m.

Approved by the Board this _______day of

________________________, 2016

_______________________Secretary


Thursday, October 29, 2015 MEMBERS PRESENT Tad Leithead Connie Engel John Shern Barry Teague Bob Voyles LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Mike Winters Kyetha Clark Roxanne Plummer Bryan Bebout COBB COUNTY Chairman Tim Lee Karyn Matthews, Cobb DOT/ARCADIS Jim Wilgus

JACOBS Gerald Ross Jeff Woodward Vinay Uchil MORELAND ALTOBELLI Buddy Gratton KIMLEY-HORN Eric Bosman OTHERS PRESENT Holly Quinlan, Cobb Travel & Tourism Gerald Ross, Jacobs Kori Stokes, EpiCity/Powers Ferry Business Park Tim Matthews, Pond & Co. Ellis Murray, Joel & Grant Commercial Real Estate Ron Sifen, Vinings Jim Freyermuth, Ga Commute Options Ricardo Vera, Ga Commute Options Peter Hortman, AECOM Milton Dortch, Stowers & Company Ricky Leroux, MDJ

The October meeting of the Cumberland Community Improvement District Board was called to order at 7:31 a.m. on Thursday, October 29, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. ITEMS FOR APPROVAL 1. Minutes: Mr. Teague made a motion to approve the September 24, 2015 Minutes of the CCID Board. Ms.

Engel seconded the motion which was unanimously approved. Approval of Financial Statement: Mr. Voyles joined the meeting at this point. After making the Treasurer’s Report, Mr. Teague made a motion to approve the September Financial Report (Exhibit A) as presented and the October cash disbursements as presented agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead reported that he and Malaika Rivers have been in Washington D.C. the last few days for the primary purpose to encourage a long term transportation bill. They met with Congressman David Scott, Congressman Tom Price’s staff, Senator Perdue and Senator Isakson’s Chief of Staff. The common message was a long term funding bill will pass before the end of the year. The most likely structure will be a six year bill with three years of funding. It looks like there will be a continuing resolution through the end of this year and the new bill will kick in for six years with three years of funding in January of 2016.

CCID Minutes October 29, 2015 Page 2 of 4 It was an uplifting and positive message. Officials were certain something will happen soon. EXECUTIVE DIRECTOR’S REPORT: A. Real Estate Activity: Investment, Sales, Land Use & Residential: Ms. Rivers reviewed the Investment Sales,

Land Use and Residential collaterals. Ms. Rivers stated The District at Windy Hill is coming into the market and will have 275 new multi-family units. The CCID does not have a date for construction at this time. Part of the parcel that is being purchased is a component of the extension of the Bob Callan Trunk Trail Ph B. Ms. Rivers thanked Commissioner Ott for reaching out to the property owners to not only get the ROW donated, but the owners are also inclined to help the CCID pay for that portion of the construction that is on their property. This will help defer some of the costs on this project. The CCID still has a funding gap on this remaining project, but this will help get the CCID to where it needs to be. Ms. Rivers went on to state Pulte Homes’ has purchased town homes on the north and south end of the CCID. It appears the CCID will get some density in the area based on the latest purchases. Ms. Rivers noted the Residential collateral will be updated soon.

B. Financials: Tax Digest Collections, Top Tax Payers, Tax Parcel Overview & Tax Parcel Overview Map: Ms. Rivers reported the CCID has started to receive some tax digest collections. As of the end of September, the CCID has received approximately $1M in tax collections and anticipating $5.7M total by the end of the year.

C. Work Program: CID Open Projects & Cobb County Initiated Projects: Ms. Rivers stated the CCID’s total work program is valued in excess of $235M, $112M is under construction and so far the CCID has received outside commitments of $142M towards those projects. The CCID has also committed $47M to those projects and there is a $45M funding gap which CCID staff continues to work on closing the gap.

D. Current Issues/Activities/Requests 1. FY16 Annual Request: Ms. Rivers stated this is the time of year where the fiscal year is closing out and

January 1st will start a new fiscal year. Generally the Board approves annual budgets in the December timeframe for those programs and initiatives that operate on a 12-month fiscal year. Chairman Leithead and Treasurer Teague have vetted staffs’ recommendations and because CCID staff have taken diligent strides over the past few years to tighten budgets and to make sure CCID staff has focused investments, Chairman Leithead and Treasurer Teague are comfortable with the proposed FY16 budget. Board members were provided a breakdown of the budget to see how the request compares to the current year’s budgets. About $1.7 million is being requested for Community Programs, New Initiatives, and Support Programs, while only $508,000 is being requested for Operating. The total request for FY16 is $2,204,364 or $21,804 less than the FY15 approved budget. Ms. Rivers noted the big difference being the termination of future Vanpool subsidies. Of the $5.7 million in projected 2016 collections, 91% will fund capital improvement projects and programs while only 9% will fund Operating expenses. Mr. Voyles made a motion to approve the FY16 budget as presented. Mr. Shern seconded the motion which was unanimously approved.

E. Operations

1. Capital Improvement Projects Performance Project: Kyethea Clark, Operations Manager gave updates on: Windy Hill East & West Side Road Improvement, US 41 Widening & Trail, Windy Hill DDI, and Bob Callan Trunk Trail Ph. II A & B.

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Ms. Rivers reported on a big opportunity for a study that is coming up through the Atlanta Regional Commission (ARC). The CCID has been involved in Livable Communities Initiative (LCI program) that the ARC has put out over the past 15+ years. It has helped to pay for Blueprint Cumberland Study efforts (Blueprint Cumberland I, II, and the Green TOD) and now it is time to do another update which will be called Blueprint Cumberland III or 3.0. ARC has already issued a call for projects and Ms. Clark is putting together an application. It is critical to do this update, primarily because it keeps the CCID eligible for federal funds. Federal funding has paid for many streetscapes and other types of capital improvement projects. The CCID’s last Blueprint Cumberland update was an internal update, so this will be a more extensive effort to mimic the comprehensive nature of Blueprint Cumberland I. The application is due prior to the next Board meeting and CCID staff will move forward with this process. There will be a local match associated with it and Ms. Rivers intends to pull the local match out of the New Initiatives Account to continue moving this process forward. CCID staff is refining the scope and price.

F. Communications & Outreach: Ms. Rivers reported Kara Cooper departed the CCID about 3 weeks ago. Ms. Rivers went on to thank Bryan Bebout, CCID Intern for his help during this time. Ms. Rivers has been interviewing for the Outreach Manager position and hopes to extend an offer this week. Ms. Rivers stated the annual retreat will possibly take place next spring.

Cobb County Issues & Updates Cobb Commission Chairman Tim Lee reported the County has moved forward with the pedestrian study for the Cumberland area. This project should be completed by spring of 2016. Also, the County is moving forward with the Cumberland circulator. The Board of Commissioners approved the purchase of six new buses in order to be ready for 2017. The stops, stations and details are being finalized. Chairman Lee stated the CCID deserves a lot of credit for the growth in this area. Mr. Voyles asked what type of landscaping is planned for the slope on Cobb Parkway and Cumberland Blvd (located on the southwest corner - where GDOT has put a retention pond). Jeff Woodward, Jacobs mentioned that GDOT does not have plans to landscape this area. Mr. Voyles would like to see something done. Ms. Rivers suggested that if the Board is inclined, to have Josh Winters, Winters Landscaping scope out a design plan. Board members were in favor of moving forward. Jeff Woodward, Jacobs will verify if this piece of property is all GDOT ROW. Mr. Woodward will bring the information back to the Board in December. Mr. Voyles went on to ask about landscaping plans on the I-285/ I-75 Interchange. This is the gateway to the CCID and a very important piece. CCID staff will follow up with Darryl Van Meter, GDOT to schedule a meeting to discuss future plans for this area.

CCID Minutes October 29, 2015 Page 4 of 4 Mr. Woodward gave Board members an update on the Palisades parking area and the ROW along the road on Hwy 41. The project is approximately 95% complete with the remainder being completed in the next couple of months. GDOT is still working with the National Park Service on the ROW. OTHER BUSINESS/ADJOURN The next regular board meeting is scheduled for the same location on December 10, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 8:15 a.m.


________________________, 2015

_______________________Secretary


Thursday, September 24, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Barry Teague Bob Voyles Mason Zimmerman LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Kyetha Clark Kara Cooper Roxanne Plummer Bryan Bebout COBB COUNTY Chairman Tim Lee Commissioner Bob Ott Faye DiMassimo Jim Wilgus

JACOBS Jeff Woodward Vinay Uchil ARCADIS Alisha Smith CROY ENGINEERING Chris Rideout MORELAND ALTOBELLI Chris Kingsbury OTHERS PRESENT Sandy Woltering, Bank of North Georgia Charlie Barnwell, Bank of North Georgia Rob Garcia, Bank of North Georgia Ellis Murray, Joel & Grant Commercial Real Estate Deanna Grew, National Park Service Ron Sifen, Vinings Kori Stokes, EpiCity Powers Ferry Business Park Jim Freyermuth, Ga Commute Options Tim Matthews, Pond & Company Peter Hortman, AECOM Ricky Leroux, MDJ

The September meeting of the Cumberland Community Improvement District Board was called to order at 7:37 a.m. on Thursday, September 24, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. Malaika Rivers welcomed Kyetha Clark to the Chamber staff. Ms. Clark is the CCID’s new Director of Operations. ITEMS FOR APPROVAL 1. Minutes: Mr. Zimmerman made a motion to approve the August 27, 2015 Minutes of the CCID Board. Ms.

Engel seconded the motion which was unanimously approved. Approval of Financial Statement: After making the Treasurer’s Report, Mr. Teague made a motion to approve the August Financial Report (Exhibit A) as presented. Mr. Voyles seconded the motion which was unanimously approved.

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Mr. Teague reviewed the Commitment Baseline spreadsheet. Chairman Leithead commented that staff made the requested formatting changes with the intent to focus attention on the lowest financial point in any given year which is important for the Board to know. The bottom line numbers will change every month and will certainly change as the Board makes additional commitments. It gives the Board a tool to know how to best manage its cash requirements. Mr. Teague made a motion to approve the September cash disbursements as presented agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead reported on the state of transportation funding in Washington. The Senate has passed a 6 year bill that provides funding for 3 years and the House is pursuing a 3 year, fully funded bill. There are moves a foot with a variety of funding mechanisms to put in somewhere between a 3 and 6 year plan to fund transportation. Unless and until that happens, there are a lot of open questions about funding for CCID projects. CCID staff is grappling with that when trying to understand what the CCID’s commitment should be. CCID staff will continue to track that, but in the interim there is no certainty. David Connell, President & CEO, complimented Ms. Rivers on representing the CCID well at the Chamber’s Washington Fly-In last week. She was able to provide specifics on transportation needs to elected officials. Chairman Leithead went on to state the region is seeing significant increases in construction costs (20% - 50%). The CCID will see construction costs exceeding by some margin the budget for construction of projects the CCID has been carrying over time. It will put a strain on the CCID whether to fund those differences, partner with someone to fund those differences or abandon those projects. This will be the discussion in the coming years as the region gets into another robust construction phase. That is going to be a discussion about what the real costs are going to be, how that will impact the CCID cash situation, and accordingly how they will affect the CCID’s priorities. Chairman Leithead reported since the last CCID meeting for County Commissioner Joe Lee Thompson passed away. He was the longest serving district commissioner for Cobb County. Mr. Thompson was very well respected by the CCID and will be missed. Chairman Leithead reported that the Board has discussed previously about establishing a line of credit to help the CCID manage the ebb and flow of cash over the next nine years. The CCID has enjoyed a 16 year banking relationship with the Bank of North Georgia. The Bank of North Georgia has quoted the CCID a 3 year, $5M line of credit that the CCID could use and draw against in some of these low points as far as the CCID’s cash is concerned. Bank of North Georgia has delivered the CCID a commitment letter. Chairman Leithead asked Bank of North Georgia to present. Sandy Woltering, senior vice president at the Bank of North Georgia, reported a proposal has been provided for a $5M revolving line of credit for 3 years. This is short term financing that has a broad purpose, namely, any expenditures approved by the CCID’s Board. The pricing was lowered to a floating rate of 30 day LIBOR plus 250 basis points. There is a line fee of .10% basis points of the loan amount, which is $5000, due at loan closing. Ms. Woltering said the bank will also pay any closing costs associated with

CCID Minutes September 24, 2015 Page 3 of 6 establishing the credit line and has accepted the CCID’s future revenue as collateral. There is no prepayment penalty. The Bank of North Georgia asked that the CCID maintain its primary deposits with the bank. To the extent that the CCID is in the credit line, at any given point, the CCID would pay interest only monthly then anytime the CCID has the cash the CCID can pay on the principal. Once the $5K fee is paid, any draws must be approved by the Board. Chairman Leithead asked the Board for approval for him and Treasurer Barry Teague to sign the documents associated to put the instrument in place. Even though the CCID is not anticipating needing this line of credit for a couple of years, it gives the CCID flexibility if it suddenly decides to invest in a project. Board member Engel asked Chairman Leithead if any other banks were considered for the credit line. Chairman Leithead stated the Bank of North Georgia was the only bank the CCID talked to about the credit line because the CCID has had an account with the bank for over 16 years, customer service is exceptional, and another bank would ask the CCID to transfer its account there before agreeing to a credit line with similar rates. Mr. Teague stated the Bank of North Georgia’s rates are competitive. Chairman Leithead stated to the Board that he no longer sits on the Board for the Bank of North Georgia. Mr. Teague made a motion to approve opening a $5M line of credit for 3 years with the Bank of North Georgia with Chairman Leithead and Treasurer Barry Teague as the authorized signatories. Mr. Voyles seconded the motion which was unanimously approved. Chairman Leithead thanked Barry Teague and Mike Winters for their hard work on this. EXECUTIVE DIRECTOR’S REPORT: A. Real Estate Activity: Investment, Sales, Land Use & Residential: Ms. Rivers reviewed the Investment Sales,

Land Use and Residential collaterals. Ms. Rivers stated the year-to-date total value of permits in the CCID is $86 million (nearly $66 million of that is commercial or CCID taxable). This makes up 41% of Cobb County’s total commercial permit value in 2015.The CCID continues to hold strong with its share of the County’s growth.

B. Financials: Tax Digest Collections, Top Tax Payers, Tax Parcel Overview & Tax Parcel Overview Map: Ms. Rivers reported the CCID will start receiving tax digest collections in the October timeframe.

C. Work Program: CID Open Projects & Cobb County Initiated Projects: Ms. Rivers reported the CCID has 11 capital improvements projects under construction, 7 projects in the 5th term and another 7 in later years. The CCID’s total work program is valued in excess of $230M, and so far the CCID has received outside commitments of $138M towards those projects. The CCID has also committed $46M to them and of that $46M the CCID has paid out $26M and has $20M to pay out. There is a $49M funding gap which CCID staff continues to works on, anticipating 21% of that gap funding coming to the CCID in the future.

Ms. Rivers stated she has been in touch with GDOT on construction price escalation. She went on to review the Cumberland Blvd Bridgescape. The CCID has been working on this 2009. This is the aesthetic effort for the bridgescape over I-75 at Cumberland Blvd. This project will be let in December. The budget that was previously established for this project is for $1M (most being paid for with Federal funds, approximately 80%). It looks as if the new construction estimate is going to be $1.3M (which is a $500K increase). This is just an estimate and has not been bid. Staff is looking at ways to reduce this amount. One way to defer this cost is to look at projects and budgets that will be closed out this year and then returning unspent money back to the general fund. This may be the method to pay for this overrun. It is highly unlikely to leverage any additional outside funds. Chairman Leithead stated this is the type of project that he was discussing earlier on what would the CCID like to do with this project keep or possibly abandon? These are the types of conversations to be had in these rising construction costs environment. Mr. Teague would like to ask Jacobs to do some value engineering on the

CCID Minutes September 24, 2015 Page 4 of 6 fencing over this bridge to reduce some costs. Vinay Uchil, Jacobs, stated one of the big line items is the traffic control which is adding to the cost of the project. Chairman Leithead stated any savings would go a long ways. Board member Voyles would like to CCID to think about this project as a branding project not just a bridge project. Mr. Voyles went on to ask staff to look at GDOT’s plans for the replacement of landscaping at the clover leaf interchange due to the Managed Lanes project and come back to the Board to review. Board members want a consistent look throughout the area. This is a gateway to the CCID. An update will be given at the next meeting. D. Current Issues/Activities/Requests

1. Palisades Improvements (Approval of MOI + Funding Request of $149,080) : Ms. Rivers reported the effort to address a long term rehabilitation project at the Palisades trailhead continues as the National Park Service and the CCID have spent the summer working on the Memorandum of Intent (MOI) between the two organizations. This is the federal catalyst which will begin the work in earnest and spell out the CCID/NPS partnership agreement. The MOI spells out the four stages of the effort and advances the effort through the first two stages (Concept & Environmental). The cost of these first two stages is $250,000 with both organizations agreeing to split that in half per the MOI. In addition, staff has asked Jacobs to provide PM services to help the NPS adhere to the 16 month schedule and to represent the CCID’s interests as the project’s components are specifically determined during these two stages. That fee is $24,080. As for the timing of this request, the NPS is seeking their share of the funding from the feds in early November and needs to have the CCID’s commitment in place prior to them moving forward. The money would not be spent if the NPS does not achieve funding from the feds. Legal counsel, Jacobs and NPS have vetted the MOI. Deanna Grecco, Chief of Planning and Resource Management of NPS reported NPS has already committed some dollars which will help with the design phase and move this project along. This is a forward commitment, but if the project doesn’t move forward no money will be spent. Chairman Leithead stated this is an important project for Board members. Board member Zimmerman stated the CCID’s expectations to maintain the area is upmost important to the Board. We must find a way to keep it more presentable than it is now. Mr. Teague made a motion to approve $125,000 (CCID’s portion) + $24,080 (to be paid to Jacobs) for an amount not to exceed $149,080, which is all contingent as to whether the NPS receives federal funding for this project. Mr. Voyles seconded the motion which was unanimously approved.

2. Street Light Replacement ($4,390.60 Reimbursement): Ms. Rivers reported a street light was knocked down and after performing the due diligence, the CCID is responsible for the cost to replace it. The work has already been performed by the County and the reimbursement cost is $4,390.60. At this point, there is no budget for hardscape replacements so staff will request the $4,390.60 as a new commitment. Ms. Rivers went on to ask the Board about a policy direction on how to handle hardscape maintenance needs going forward as there are other instances including broken pavers and granite walls. Chairman Leithead asked should the CCID begin to think about establishing a line item in the budget along the lines of the annual landscape maintenance budget that allows the CCID to have existing funds that could be considered tapping into to make repairs to existing hardscape or leave it the way it is? Board members would like to have a protocol and not all Board members were in favor of having a reserve and repair maintenance budget. After Board discussion, Board members agreed that some sort of protocol needs to be developed. Chairman Leithead asked staff to set up a minimal budget in the amount


of $25K that would allow Ms. Rivers to manage the day to day and write up a protocol on how to handle when these things come up. Ms. Rivers commented the vanpool program has a very minimal commitment and it has not been tapped; she is willing to terminate this effort and then shift this money into an annual hardscape maintenance budget of $25K. Mr. Zimmerman made a motion to approve a one-time budget of $25K, $4,390.60 of which to reimburse the County for the street light replacement and for staff to develop a protocol for hardscape maintenance. Mr. Teague seconded the motion which was unanimously approved.

3. Approval of GTIB Application: Ms. Rivers stated she has been in close contact with all of the CCID’s Federal, Senate & House members, GDOT as well as the State Road & Toll Authority (SRTA). SRTA has put a call for projects out for state funds available through the infrastructure bank (GTIB). This is the third year SRTA is offering GTIB. The CCID has successfully applied in the past two years and intends to apply for the third year for adding the Akers Mill Ramp into the Managed Lanes project. Jacobs is putting together the application to submit. There is $29M total for all around the state and it is for grant and loan money. CID’s are well positioned, but the competition will be fierce. Because it is funded through the gas tax revenues only projects that are road related are eligible for this money. In projects that are in excess of $2.5M the state will allow participants to apply for up to 33% of the total projects cost; for Akers Mill: 33% of $22.8M is $7.5M. CCID staff will be very aggressive with the request. SRTA is allowing the CCID’s previous commitment as well as likely intended future commitment to serve as the local match. SRTA is aware that the CCID has a submittal pending with ARC for STP (Surface Transportation Funds-Federal Formula Funds) and that request is $6.4M on the federal side. Ms. Rivers has met with ARC and there could be a future call for projects through another funding category. The assemblage of the funding opportunities are coming together. Board member Zimmerman discussed the funding gap. Ms. Rivers stated staff is actively looking at all the numbers. Chairman Leithead stated that if any Board members would like to see the GDOT plans on this project to see Jacobs. Ms. Rivers went on to state that Kara Cooper will be emailing the Board after the meeting for a letter of support for this project. Ms. Engel made a motion to approve the GTIB application for submittal. Mr. Teague seconded the motion which was unanimously approved.

4. Staff Changes: Ms. Rivers welcomed Kyethea Clark. Ms. Clark came to the CCID from the City of Marietta as a transportation, land use and economic development professional. Kara Cooper’s last day is tomorrow and she will be going to work for the DeKalb County Development Authority. Bryan Bebout is the CCID’s intern and will be helping with the CCID’s marketing.

5. Other: GDOT has issued another call for their Roadside Enhancement and Beautification Council (REBC) (formerly called the Gateway Grant). In the past the CCID has successfully secured gateway grants which has helped put landscape plantings along the state routes. The CCID will be pursuing this effort again. Ms. Rivers has asked Josh Winters with Winters Landscaping for a proposal for design work. Ms. Rivers will come back to the Board for approval should the CCID be successfully awarded the grant money. The REBC allows up to $50K in enhancements.

E. Operations 1. Capital Improvement Projects Performance Project: Vinay Uchil, Jacobs gave updates on: US 41

Widening & Trail, Cumberland Blvd Lighting Project, and Windy Hill / I-75 Interchange DDI.


2. Communications & Outreach: Kara Cooper, Outreach Manager, thanked Board members for the past 2

½ years and allowing her the opportunity to work for the CCID. Ms. Cooper gave a wrap up on the past 2 ½ years. The CCID has come a long ways as far as how the CCID is communicating with external and internal partners. The CCID has been functioning under a very developed and comprehensive strategic communication plan. The collaterals have been taken to the next level along with new renderings and a new website. Board members thanked Ms. Cooper for her service to the CCID.

Cobb County Issues & Updates Commissioner Bob Ott gave general and project updates on District 2 which included the replacement of the 54 inch water pipe for 6.2 miles going from Terrell Mill Road to Hwy 41 up to Roswell Road, the off ramp from I-75 south to Hwy 41 will be closed today through September 30th to do the managed lanes work, the newest development coming behind Pappasito’s, and Rep. Loudermilk opened a new office in the Cumberland area last week. Cobb Commission Chairman Tim Lee stated he appreciates what the CCID is doing and without the CCID some things would not be possible. OTHER BUSINESS/ADJOURN David Connell, President & CEO of the Cobb Chamber, invited Board members to attend the Chamber’s First Monday Public Safety Breakfast on October 5th at the Cobb Galleria Centre and the ARMAC luncheon on November 16th. He went on to give an update on Cobb’s Competitive EDGE. The next regular board meeting is scheduled for the same location on October 29, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 9:20 a.m.


________________________, 2015

_______________________Secretary


Thursday, August 27, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Mike Plant John Shern Barry Teague Mason Zimmerman LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Kara Cooper Brooks Mathis Roxanne Plummer Mike Winters COBB COUNTY Chairman Tim Lee Commissioner Bob Ott Michael Hughes

JACOBS Lynette Baker Jeff Woodward Vinay Uchil MORELAND ALTOBELLI Chris Kingsbury OTHERS PRESENT Dan Styf, EDGE Co-Chair Ron Sifen, Vinings Kori Stokes, EpiCity Abby Hall, Childress & Klein Jim Freyermuth, Ga Commute Options Milton Dortch, Stowers & Co. Cara Vojdani, HNTB Tim Matthews, Pond &Company Sammy Powll, Long Engineering Holly Quinlan, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism Peter Hortman, AECOM Barbara Desmond, Towns Park Crescent

Karyn Matthews The August meeting of the Cumberland Community Improvement District Board was called to order at 7:33 a.m. on Thursday, August 27, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. ITEMS FOR APPROVAL 1. Minutes: Mr. Shern made a motion to approve the July 30, 2015 Minutes of the CCID Board. Ms. Engel


2. Approval of Financial Statement: After making the Treasurer’s Report, Mr. Teague made a motion to approve the August cash disbursements as presented agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

Mr. Teague made a motion to approve the July Financial Report (Exhibit A) as presented. Ms. Engel seconded the motion which was unanimously approved.

Mr. Teague introduced a new schedule – Projected Cash Requirements on an annual basis – Baseline Scenario. This schedule shows the anticipated cash flow through 2024. Board members reviewed the schedule and asked Ms. Rivers and Mr. Winters to look at reformatting the schedule to improve readability.

CCID Minutes August 27, 2015 Page 2 of 5

Questions about the document ensued, but Board members agreed this clearly is a tool that shows how restricted the CCID funds are at this time and it is a tool to help make decisions and manage funds. Chairman Leithead went on to state that if the CCID makes a commitment that will take the CCID to a negative number the CCID must anticipate in advance and put mechanisms in place to address these short term cash requirements if the CCID cannot cover the cash. Leithead suggested that the solution could be establishing a line of credit to cover these short term needs. In order to manage the CCID’s business properly, knowing that in the next few years because of the Windy Hill DDI and the Braves commitment, the CCID’s cash position has been challenged for the first time in the history of the organization. The cash position will improve, but that assumes the CCID does not make any commitments moving forward, which is unrealistic. All Board members agreed that the chart clearly identified that there will be low points for the CCID’s cash balance and there is a need to be proactive in identifying what resources could be used to fill potential funding gaps before there is a need. Board members thanked staff for the great tool. Ms. Rivers stated Brantley Day’s position, Operations Manager, will be filled and the salary will be continued forward as a place holder until someone is hired. Chairman Leithead commended Vinay Uchil and Jeff Woodward on their great work in Mr. Day’s absence.

EXECUTIVE DIRECTOR’S REPORT Ms. Rivers reported the State Road & Toll Authority (SRTA) has put a call for projects out for state funds available through the infrastructure bank (GTIB). This is the third year SRTA is offering GTIB. The CCID has successfully applied in the past two years and intends to apply for the third year for the Akers Mill Improvements project. There is $29M total for all around the state and it is for grant and loan money. This in part is funded by HB 170 which was passed by the legislature this year. CID’s are well positioned, but the competition will be heavy and fierce. In projects that are in excess of $2.5M the state will allow participants to apply for up to 33% of the total projects cost; for Akers Mill: 33% of $22.8M is $7.5M. CCID staff will be very aggressive with the request. Ms. Rivers is working on a benchmark sheet to track the progress. A. Real Estate Activity: Investment, Sales, Land Use & Residential: Ms. Rivers reviewed the Investment Sales,

Land Use and Residential collaterals (11,000 more residents will be coming into the market). The CCID is 42% of Cobb County’s total commercial permit value in 2015. Ms. Rivers stated the CCID will continue to improve on the collaterals. Chairman Leithead congratulated Board member Bob Voyles on the grounding breaking for Riverwood 200.

B. Financials: Tax Digest Collections, Top Tax Payers, Tax Parcel Overview & Tax Parcel Overview Map: Ms. Rivers reported the county has sent out the property tax bills for the 2015 tax digest. A total of 258,000 bills representing $646M have been mailed. As it relates to the CCID, it is $5.76M in projected revenue (this does include any adjustments or appeals). The CCID’s number will continue to stay conservative.

C. Work Program: CID Open Projects & Cobb County Initiated Projects: Ms. Rivers reported the CCID has 11

projects under construction valued at $111M. The CCID’s total work program is valued in excess of $230M, and so far the CCID has received outside commitments of $128M towards those projects. The CCID has also committed $46M to them. There is a $58M funding gap which CCID staff continues to works on, anticipating 30% of that gap funding fund coming to the CCID in the future.


A new attachment was presented to Board known as the Cobb County Initiated Projects. The first page is the map of the County’s initiated projects and the second page is the project list.

D. Current Issues/Activities/Requests 1. Wayfinding Signage Expansion ($550,000 requested by Cobb County DOT): Karyn Matthews, Cobb

DOT Interim District 2 Engineer, gave an update on the CCT rebranding of their service: CobbLinc. As part of the rebranding Cobb DOT is also going to undertake a comprehensive look at all the stops, shelters and transfer stations.

Ms. Matthews went on to report that Cobb DOT will be working in partnership with GDOT and the Braves to install new interstate signs to direct visitors to SunTrust park and associated parking. In addition to those signs, wayfinding is going to be needed on local roads. The CCID has already invested in the infrastructure for wayfinding on local roads. Cobb DOT requested the CCID take the lead in funding, managing the design construction, and installation of wayfinding signs to SunTrust Park and associated parking. Cobb DOT will support the CCID in any way possible. The anticipated capital budget for this project is $550K. Ms. Rivers stated this is an easy ask of the CCID in terms of the administrative component. Years ago the CCID put a budget in place of $1.5M, and since then there has been a number of signs go up around the area. The tangible impact has been positive and well received by the community. There are 119 signs in the community with 29 more to go, but that will exhaust the budget because that was what the budget was scoped for. It did not anticipate any ball park when this project was launched. The CCID would work in close partnership with Cobb DOT and Braves on location and placement of the signs. Board member Plant stated the Braves are working on their signage within the ballpark. The not to exceed $550K, new commitment, will allow for more directional medallions, as well as poles that the medallions will sit on and any signage that is not already part of the CCID’s existing program, design, fabrication and installation. This is only for the local roads network, not the interstates. Ms. Rivers stated the $550K payment would be paid out over several years.

Board member Teague asked if the Braves shouldn’t be financially contributing to this project and Board member Plant stated the Braves are not participating in this program, but will be paying for the signage program as well as other improvements. Board member Zimmerman stated the Braves are indirectly paying for this program since they are one of the top CCID stakeholders. It is an extension of an existing program and the signage package has expanded. Board member Shern stated this is a universal sign program, not just a Braves program.

Mr. Teague went on to ask since the CCID has committed $10M to the Braves infrastructure wouldn’t this be part of that? Mr. Plant answered by stating that the $10M is within the 57 acres and this signage effort is outside that. On the wayfinding standpoint, the Braves do not have the ability to plan and execute what goes on the adjacent roads to make sure the information is accurate. Mr. Zimmerman stated the CCID is expanding the CCID’s signage program. It’s about reacting to the new day in this community. Ms. Engel wants to make sure there is consistency around the CCID, which is critical. Mr. Teague asked what the $10M commitment to the Braves is supposed to pay for? Cobb Commission Chairman Tim Lee


stated the CCID’s commitment of $10M is to pay for transportation related projects on the Braves stadium project site. Chairman Leithead stated the CCID’s money is only designated to be spent with regards to the stadium since it is publicly held; the mixed use development is off limits and the CCID cannot make investment on private property. Chairman Leithead stated the $10M was specifically allocated towards projects that the CCID could fund within its purposes. Attorney Lynn Rainey confirmed that the $10M in funds could only be used to fund projects within its purposes. Board member Zimmerman stated the $10M has been accounted for and we can evaluate other projects as they come up. The ROI on the $10M is exponential for the CCID. Chairman Leithead stated the CCID must plan for future Braves related projects and must be considered on a case by case basis. Commissioner Ott stated at the end of the day, once the stadium is complete an accounting will be generated and Board members will be able to see what the CCID’s money was used for, and he assured the Board its contribution will only be spent on governmental facilities legally authorized by the CID Act. Mr. Shern summed up the discussion by stating the county was to manage how the CCID’s $10M is/was to be spent (the County’s obligation is only to make sure it is spent legally within the CCID’s purposes), as other projects come up the CCID will address them on a case by case basis as not only it affects the Braves, but the CCID as well. Mr. Teague assumed the CCID was prepaying the $10M for Braves projects. Chairman Lee reiterated the $10M was allocated for projects specifically within the stadium’s lot. Ms. Engel made a motion to approve a not to exceed amount of $550K (new commitment) for wayfinding signage that is not already part of the CCID’s existing program, design, fabrication and installation. Mr. Shern seconded the motion which was unanimously approved.

Competitive EDGE Presentation (Cobb Chamber/EDGE): Brooks Mathis, Executive Director of Economic Development for the Cobb Chamber thanked the CCID for its previous investment to EDGE. Mr. Mathis gave Board members a brief snapshot: 23 Active Projects = 6,346 Jobs / $496.1M investment; Active in Cumberland Projects Area: 7 projects 10 New Locations = 3,580 New Jobs / $189M Investment Mr. Mathis went on to give a detailed update on EDGE which included job growth, investments, efforts and reviewed the EDGE Scorecard. With the CCID’s support, EDGE has been able to accomplish many goals. After Board discussion, Ms. Engel made a motion to approve $50K to EDGE out the “New Initiatives” account. Mr. Plant seconded the motion which was unanimously approved. Chairman Leithead thanked Dan Styf, Co-Chairman of EDGE and Mr. Mathis for their hard work.

E. Operations 1. Capital Improvement Projects Performance Project: Vinay Uchil gave updates on: Windy Hill / I-75

Interchange DDI, Akers Mill Ramp project, Cumberland Boulevard Bridgescape, and Bob Callan Trunk Trail Ph. II Segment A.

Chairman Leithead and Ms. Rivers thanked the Jacobs team for stepping in while Mr. Day’s replacement is found.


F. Communications & Outreach: Kara Cooper, Outreach Manager, announced that the CCID’s newly designed

website is now live. The old website was very limited and the new website showcases the incredible successes of the CCID. Ms. Cooper walked Board members through the new website. Board members were pleased with the new website.

Cobb County Issues & Updates Commissioner Bob Ott gave general and project updates on District 2 which included the replacement of the 54 inch water pipe for 6.2 miles going from Terrell Mill Road to Hwy 41 up to Roswell Road, and the County has a new application called Cobb Commute; www.cobbcommute.org, the website will be County wide and is updated daily. OTHER BUSINESS/ADJOURN David Connell, President & CEO of the Cobb Chamber, invited Board members to attend the Chamber’s First Monday Breakfast on September 14th and the focus will be on tourism. The next regular board meeting is scheduled for the same location on September 24, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 9:12 a.m.


________________________, 2015

_______________________Secretary

http://www.cobbcommute.org/


Thursday, July 30, 2015 MEMBERS PRESENT Tad Leithead Connie Engel John Shern Barry Teague Bob Voyles Mason Zimmerman LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Sharon Mason Roxanne Plummer Mike Winters COBB COUNTY Chairman Tim Lee Faye DiMassimo Thea Powell Jim Wilgus

JACOBS Jeff Woodward Vinay Uchil MORELAND ALTOBELLI Buddy Gratton OTHERS PRESENT Kori Stokes, EpiCity Richard Massicott, Parkwood Jim Freyermuth, Ga Commute Options Milton Dortch, Stowers & Co. Cara Vojdani, HNTB Robert Truitt Tyler Pelfrey, Town Center Area CID Ricky Leroux, MDJ Holly Quinlan, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism Jay Ashtiani, United Consulting Peter Hortman, AECOM Claire Bartlett, Rep. Barry Loudermilk’s Office Andrew Josephson, Cobb Chamber Barbara Desmond, Towns Park Crescent Beth Summers, ROAM Chad Kimberlin, ROAM

The July meeting of the Cumberland Community Improvement District Board was called to order at 7:33 a.m. on Thursday, July 30, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. ITEMS FOR APPROVAL 1. Minutes: Mr. Teague made a motion to approve the June 25, 2015 Minutes of the CCID Board. Mr. Voyles

seconded the motion which was unanimously approved. Mr. Shern made a motion to approve the special called July 21, 2015 Minutes of the CCID Board. Mr. Voyles seconded the motion which was unanimously approved.

2. Approval of Financial Statement: After making the Financial Report, Mr. Teague made a motion to approve the June Financial Report (Exhibit A) as presented and to approve invoices for payment as shown under agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

CCID Minutes July 30, 2015 Page 2 of 5

CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead reported the current continuing resolution on the transportation bill in Washington, D.C. will expire tomorrow. The House has come forward with a proposal to extend the continuing resolution for six months. The Senate has been working on a six year plan with a three year funding source. The difference between the House bill and Senate bill will not be resolved by the end of the day tomorrow. Most likely, the continuing resolution will be put in place for the next six months and will give the Senate and the House time to talk about putting in place a six year bill. Board members discussed the extension may be 3 months not 6 months. Clare Bartlett, Congressman Loudermilk’s office, stated the House is working toward returning funding to the states more than at a Federal level through Rep. Tom Graves bill. The conversations will be ongoing as it will affect some of the CCID’s projects (any project that has a commitment of Federal funding that isn’t yet funded, particularly projects that are not considered to be safety or capacity). The CCID will have funding delays and some projects are at risk. If funding goes badly the CCID will be able to react depending on current environment – abandon, continue to fund, etc. Chairman Leithead announced with regret that Brantley Day, Operations Manager for the CCID has submitted his resignation. Mr. Day will be leaving the CCID to become the Director of Development for the City of Woodstock. Chairman Leithead stated Mr. Day has been a superior project coordinator for the CCID. It is the intent of the CCID to fill the position and the job description will be refined. Mr. Day’s last day will be August 14th. Mr. Day thanked the Board, the County and the members of the CCID for the opportunity. Jeff Woodward, Jacobs will be filling the gap in the interim period. UPDATES/REQUEST A. Operations

1. Palisades/Paces Mill Unit Landscape Clean-Up Update: Mr. Day reported that at the Board’s request, staff is securing a proposal for a one-time landscape clean-up of the parking lot and accompanying traffic islands in the Palisades/Paces Mill Unit located on US 41. The fee will not exceed $20,000 and can be taken out of the 2015 Landscape Maintenance. The work can be done by August/September pending completion of Park Service approvals. This is not a financial request, only an update given the Board’s keen interest in this effort. Mr. Day would like to meet with Russell Landscape to discuss a plan for cleaning up the area this time and ongoing maintenance.

2. Palisades/Paces Mill Unit Landscape Plan & Design ($50,000): Mr. Day reported that beyond a one-time clean up, Board members have expressed the desire to improve the U.S. 41 frontage of the Palisades/Paces Mill Unit. The Park Service has agreed to this partnership should the CCID choose to move forward with it. Staff recommends a landscape installation plan be developed to ensure any proposed landscape materials complement and transition into the park appropriately. The plan would address the frontages along US 41, around the newly installed National Park Service signs, as well as down into the parking lot. Given the necessary coordination with National Park Service, Jacobs Landscape Architect Eric Tatum has recommended to develop this plan along with the design documents for a not to exceed cost of $50,000. Once finalized, a cost estimate for installation will be presented to the Board at a later date for consideration. This improvement would be outside of the 2015 Landscape Maintenance budget and would therefore be an additional commitment. Staff would like to get this


planting done as soon as possible. Board members discussed the commitment amount and possible options: could use this contractor’s plan, could bid out this project to get a lower number, or could just approve a lower amount for the current contractor. Board members then discussed cleaning up the right-of-way on US 41 first and then clean up the parking lot at a later time with a detailed plan. Thea Powell, Commissioner Bob Ott’s assistant, stated CCID staff should contact Master Gardner’s for their help. Mr. Day stated a plan needs to be developed first. Chairman Leithead discussed a few options: one time clean up to the ROW, a short interim plan and spend $50K to get it done, or just wait on a long term plan. Mr. Shern made a motion to do the clean-up (no installation of plants) and defer the $50K landscaping plan until a major comprehensive plan with the National Park Service is developed. Ms. Engel seconded the motion which was unanimously approved.

3. Capital Improvement Projects Performance Project: Mr. Day gave updates on: Windy Hill / I-75 Interchange DDI, US 41 / Cobb Pkwy Central Streetscape & Mast Arms, Akers Mill Road Central & West Streetscapes, Akers Mill Trail East (Bob Callan Loop Trail), Street/Ped Lighting & Mast Arms Project (various routes), US 41 Widening and Trail, Cumberland Blvd West Intersection Improvement & Ph III Streetscape, Cumberland Boulevard Bridgescape, Bob Callan Trunk Trail Ph. II Segment A, and Riverwood Parkway Streetscape.

4. Programs & Services: Mr. Day stated there may be a call for some funding opportunities later this fall, along with updating the Blueprint Cumberland.

The landscaping program continues to go well. Russell Landscaping is doing a good service for the CCID.

B. Communications & Outreach 1. Corporate Outreach: Ms. Kara Cooper, Outreach Manager thanked those who attended the BISNOW

event last week. It helped share our message with a regional audience.

There has been a lot of outreach with property owners within project corridors. A “Coffee & Construction” event was held yesterday to discuss the Cumberland Blvd improvements with over 50 attendees.

2. Communications Plan: Ms. Cooper stated the branding initiative that is being done in partnership with EDGE, Cobb County, Cobb Travel and Tourism, Cobb/Marietta Exhibit Hall Authority and Braves is going well. The steering committee will be meeting to discuss the design direction and more information will be given at the August Board meeting.

Cobb County Issues & Updates Wayfinding Signage Expansion: Faye DiMassimo, Cobb DOT Director, stated the county is working with Georgia DOT on wayfinding signage on interstates in the area, but would like the CCID’s help with the local signs. The signs are a key element of the county’s overall transportation plan for SunTrust Park. Because the CCID already has several wayfinding signs in the Cumberland area, the county would like the CCID to become a partner and possibly take the lead role.


Mr. Day stated the CCID has already installed more than 100 wayfinding signs and has good infrastructure in place. The CCID might even be able to modify the CCID’s existing signs and add and supplement to the signs already existing. This is a great opportunity. Chairman Leithead summarized that in the not too distant future, the CCID will have the opportunity to enhance an already existing successful wayfinding program to include additional wayfinding signs/structures that would be consistent with what the CCID is already doing, but would provide wayfinding for the extraordinary growth in the area. In order to do that, the CCID would need to make a contribution to an existing CCID program in partnership with the County. At some point, the County would come back to the CCID and request a specific dollar amount that the CCID would invest in the wayfinding program. Ms. DiMassimo stated the cost of the local wayfinding signs is estimated to be $500,000. Jim Wilgus, Cobb County’s deputy transportation director reported the let date for the project would be sometime in May or June of 2016. Chairman Leithead asked Mike Winters to begin looking at how it would affect the CCID’s cash and planning for cash management by making a commitment of $500,000 due next April. This is not really a county program, it is an expansion of a CCID program that the county would participate in. Chairman Leithead asked Ms. DiMassimo to come back to the Board with a detailed plan.

Cobb Commission Chairman Lee stated the county will be giving the CCID Board a monthly update for projects in the Cumberland area. Ms. DiMassimo will be providing an update on the status of the circulator project (in which the CCID is a stakeholder) to the Board of Commissioners Work Session in August and asked if Ms. DiMassimo could present at the CCID’s August Board meeting too? The County anticipates the final recommendation to be coming out in the final quarter this year. Chairman Leithead welcomed the idea. The more information the county can give the CCID specifically about funding is greatly appreciated. Chairman Leithead asked for Ms. DiMassimo to be placed on the agenda every month with updates.

Chairman Lee’s family had visitors from Texas and everyone was impressed by how beautiful the landscaping is in the Cumberland area. Ms. Powell reported for Commissioner Bob Ott. Ms. Powell gave general and project updates on District 2 which included the replacement of the 54 inch water pipe for 6.2 miles going from Terrell Mill Road to Hwy 41 up to Roswell Road, a new application called Cobb Commute; www.cobbcommute.org (the website will be County wide, updated daily and will be launched in August), and the Powers Ferry Road masterplan update meeting will be held on August 18.

OTHER BUSINESS/ADJOURN Board member Teague asked Chairman Lee about the new bus stops in the area. Chairman Lee stated the County is still working on RFP’s and will work with the CCID. Ms. DiMassimo went on to state the county is still working on how to redo the shelters in with the CCT rebranding effort to make it more market driven. Board member Teague asked the Board members if they were interested in wall art under bridges? Chairman Leithead stated the CCID is involved in a region wide conversation with ARC. The CCID will be submitting an application to try to get some funding and technical support. Conversations have started with local artists.

http://www.cobbcommute.org/

CCID Minutes July 30, 2015 Page 5 of 5 Board member Teague asked Ms. Cooper for more information about the CCID check/payment (for $24,000) that he signed today for the banner project. Ms. Cooper stated the banners have been installed to approximately 90 pedestrian poles in the district. Mr. Teague asked if the payments for Sons & Company are part of the cost of banners, but Ms. Cooper said no, they are part of the branding initiative. The CCID will be paying $30,000 total for the branding project. Barbara Desmond, resident of Town Crescent Park off of Circle 75, stated she is very excited about all the great changes in the area. She thanked the Board for all the great work and is proud to live here. She went on to say that she would be happy to help with the beautification by volunteering, so she can give back to this community. Board member Voyles announced that the Cobb Galleria Authority met yesterday and is discussing the Braves bridge. Board member Voyles invited Board members to a ceremonial groundbreaking for Riverwood 200 on August 14th. David Connell, President & CEO of the Cobb Chamber invited Board members to attend the Chamber’s First Monday Breakfast on August 10th. Rich McKay, Atlanta Falcons will be speaking. The next regular board meeting is scheduled for the same location on August 27, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 9:10 a.m.


________________________, 2015

_______________________Secretary


Thursday, June 25, 2015 MEMBERS PRESENT Tad Leithead Connie Engel John Shern Barry Teague Bob Voyles (arrived during the meeting) Mason Zimmerman EXECUTIVE DIRECTOR Malaika Rivers LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Slade Gulledge Roxanne Plummer Mike Winters

COBB COUNTY Chairman Tim Lee CROY ENGINEERING Chris Rideout JACOBS Jeff Woodward Ryan Triick KIMLEY-HORN Kevin Ergle MORELAND ALTOBELLI Buddy Gratton OTHERS PRESENT Michael Leithead, North Fulton CID Kristen Winzeler, North Fulton CID Ron Sifen, Vinings Peter Hortman, AECOM Angie Malta, CDM Smith Holly Quinlan, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism Heidi Isom, Marietta Power Saurabh Bhattacharya, Parsons Transportation Claire Bartlett, Rep. Barry Loudermilk’s Office Andrew Josephson, Intern Russ Lauria, Archer Western John Hancock, GDOT Hillary Butschek, MDJ

The June meeting of the Cumberland Community Improvement District Board was called to order at 7:32 a.m. on Thursday, June 25, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided and welcomed special guests. ITEMS FOR APPROVAL 1. Minutes: Ms. Engel made a motion to approve the May 28, 2015 Minutes of the CCID Board. Mr. Shern

seconded the motion which was unanimously approved. Approval of Financial Statement: After making the Financial Report, Mr. Teague made a motion to approve the May Financial Report (Exhibit A) as presented and to approve invoices for payment as shown under agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved. Ms. Rivers

CCID Minutes June 25, 2015 Page 2 of 5

went on to review the identified minimum (unapproved) CCID commitments and unidentified CCID funding gap. Mr. Teague asked for a detailed breakdown on the identified CCID minimum and unidentified CCID portion funding gap (both unapproved).

{Bob Voyles joined the meeting at this point} CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead presented Cobb Commission Chairman Tim Lee with a check from the CCID for the remaining commitment for the Windy Hill DDI in the amount of $4,185,000. Chairman Leithead thanked Chairman Tim Lee for his leadership and the partnership for putting this project together. Chairman Lee stated this is a true model of a public/private partnership. EXECUTIVE DIRECTOR’S REPORT A. Real Estate Activity: Investment, Sales, Land Use Map, & Residential: Ms. Rivers reviewed the Investment

Sales (which had 3 new inclusions), Sales and Residential collaterals (2 new multi-families have been added, 1000 more residents coming into the market).

B. Financials: Tax Digest Collections and Top Tax Payers: Ms. Rivers stated she will be attending a meeting with Lynn Rainey, legal counsel regarding the preliminary tax digest later today. 1. Discussion of proposed 2015 Millage Rate: Mr. Rainey will be meeting with the Tax Commissioners’

office along with representatives of all the other cities and school boards today to be issued the packages showing the computation of assessed values. Mr. Rainey discussed with Board members the draft of the legal ad that would be placed in the Marietta Daily Journal showing what the five year history has been of the district as far as assessed values, amount of taxes levied and percentage and dollar change from year to year. This ad will be placed in a 30 square inch ad that would not be in the legal section, but in the regular section for the public to review and give input to the CCID Board before it sets the millage rate for 2015. The July CCID meeting date must be changed or a special meeting will need to be called to meet the Tax Commissioner’s deadline which is July 22nd at 4 p.m. Board members discussed holding a special called meeting to approve the millage rate. Chairman Leithead asked Roxanne Plummer to find a date that works for the Board (a quorum must be present) to approve the millage rate. Once a date and specific location is confirmed, Mr. Rainey will then advertise 2 weeks prior to the deadline.

C. Work Program: Ms. Rivers reported out of the CCID’s total work program it has $233M worth of work. $226M of that is in capital improvement projects of which $128M has been confirmed in outside commitments, and $42M in CCID commitments, $20M of which has been paid, leaving $22M left to be paid out. Taking the value of the projects less what has been committed, there is a funding gap of $54M. CCID staff has identified a minimum of $3.5M will need to come from the CCID.

D. Current Issues/Activities/Requests 1. CMMA Award: Ms. Rivers announced the CCID Board received an award from the South Atlantic

Chapter of Construction Management. This is specifically related to the Akers Mill Trail East and it is in a category of construction value less than $10M. Ms. Rivers congratulated the Board. Chairman Leithead stated this is a success story and the Board should be proud.


2. Updated Financial Projections & Future Allocations: Ms. Rivers reported that at last month’s Board meeting a decision was made to extend the CCID into a sixth term. It’s a historic move for CID’s in Georgia. It is certainly a testament to the power of investment in a community and what a business community can do to make major improvements. Accordingly, Ms. Rivers has updated all the financial projections through 2024. In an effort to help guide the Board’s future funding allocations, Ms. Rivers developed a method to allocate funds based on the five goals that were developed for the CCID’s Term Extension white paper. These goals were developed to guide the CCID through a sixth term and to show the CCID’s intended activities. Ms. Rivers went on to discuss a potential framework to help the Board understand how future money can or will be allocated or spent by allocating a percentage of future funds to the goals. She referenced a previous memo (attached). Chairman Leithead requested that Board give some consideration to the framework and discuss how they would like to see the financials reflected moving forward.

3. Riverwood Streetscape (Delayed until July): Ms. Rivers stated this project has been designed and bids have been issued. The competitive bids were due back this week and only one bid was received. It is at a price that Ms. Rivers is not comfortable with and therefore this has been delayed until next month. Ms. Rivers and staff will continue to work on this construction proposal in terms of costs. Board member, Bob Voyles will work with Ms. Rivers to possibly identify another construction firm.

4. Akers Mill Improvements Preliminary Design & Costing Request ($1,072,000): Chairman Leithead started out by reporting that the Akers Mill Improvements project was initiated, sponsored and championed by the CCID. He recapped the brief history, including GDOT’s approval to add this project to the existing design-build project along the corridor with the understanding that the process will be sponsored by the CCID and would fully satisfy GDOT’s requirements. In order to deliver this project within the state’s timeframe, the CCID must adhere to the Northwest Express Roadbuilders (NWER) construction schedule. The project must be designed and constructed by NWER while the team is on site. The timeframe to complete the necessary documents is tight, and in order to deliver the project on time, the CID must initiate the design process now. As for the cost estimates, the initial estimates have been revised by NWER and have essentially tripled. The decision before the Board right now is to initiate the project, specifically preliminary engineering, at a cost of $1,072,000 to begin the necessary work under this tight timeframe. It was also stated that the CCID is considered responsible for the balance of the design – specifically final design – which currently is estimated in the $2.1M range. Final design will need to be initiated in about 12 months. CCID commitments to date were reviewed. Specifically, the CCID so far has committed $60,000 (concept report at $50K and grant application at $10K) + $1.6M (local match for potential $6.4M in federal STP construction funds). The Board members discussed the $1M request for preliminary engineering and determined that it was best viewed as a $1M risk to the CCID necessary to keep the project alive for another year while the CCID has an opportunity to work with partners to try to bring the cost of the project down and identify funding sources. There was agreement from the Board regarding the importance of the project. Board member Voyles stated the purpose of CIDs is to provide seed money to advance projects that the County and others might not otherwise be able to do on behalf of the property owners in the market and Cumberland has all along been a leader in doing this. Mr. Shern stated the CCID has identified a project that will have a significant enhancement in the mobility of traffic in the CCID and the Board has no reason to believe that anyone will help participate in funding with the CCID until asked and specifics are delivered. To get the


specifics the CCID must spend the $1,072,000. Mr. Voyles made a motion to approve $1,072,000 to initiate the Akers Mill Improvements project for preliminary design. Mr. Shern seconded the motion which was unanimously approved.

E. Operations 1. Capital Improvement Projects Performance Report: Brantley Day, Operations Manager gave updates

on: Windy East and West, DDI, Cobb Parkway Widening & Trail, US 41 / Cobb Pkwy Central Streetscape & Mast Arms, Street/Ped Lighting & Mast Arms Project (various routes), Cumberland Blvd Bridgescape, Riverwood Parkway Streetscape. Mr. Day reported all the landscaping projects that the Board approved since last fall have been completed. Board member Teague asked for an update on the landscaping at the Palisades parking lot. Mr. Day has met with the superintendent, Bill Cox, to discuss Paces Mill and the islands in the parking lot. Paces Mill was replanted by the Atlanta Botanical Gardens after the 2009 floods. Those islands are home to some native Georgia plants and some endangered species. The area has been allowed to go natural. Some initial clean-up discussions have been made and Mr. Day is working on a MOA and a price. Ms. Rivers stated CCID staff has also been in conversations with the National Park Service to discuss reconfiguring the parking lot and the discussion at hand shouldn’t be confused with that larger effort. In the meantime CCID staff has started to look at what can be done aesthetically right now while continuing along with the larger project. Board members stated this is a gateway to the CCID. Board members were in favor with moving this project forward and happy how the Cumberland area looks with landscaping. Board member Zimmerman went on to discuss the gateways and new/replacement bridge designs for the CCID. Board members want the bridge designers to create a uniform look around the CCID.

F. Communications & Outreach 1. Communications Plan: Kara Cooper, Outreach Manager, reported on new collateral/renderings which

included the new Sales Map, Bob Callan Section A renderings, Cumberland Bridgescape renderings (pedestrian experience), Riverwood, and the Performance Report working to get the PIMS login for July. The banner program has launched and about 90 community banners have been installed in the core of the CCID. Ms. Cooper went on to report on some public relation opportunities and gave updates on past events: Akers Mill Trail East grand opening (successful event with 500 people attending), outreach is continuing to inform others about the Riverwood Project. The Cobb Business Journal will be doing a piece on the growth and development within the CCID. The branding project is going well and the information from the interviews and branding workshop is being complied to move the project into the design phase. The CCID’s partnership with EDGE is continuing very well. Chairman Leithead stated outreach is much needed in the environment right now, it lets the community know what and who the CCID is. Ms. Rivers stated two take aways from the Akers Mill Trail East event are: 1) recognizing the infrastructure continues to be built out; 2) participants would like more events/programming in the community. Ms.


Rivers stated she would like to have further conversations to discuss the event side more with the Chamber. Chairman Lee went on to discuss Jackson Spalding is doing a rebranding project for CCT and he would like the CCID branding team to meet and share findings. Chairman Leithead would like for the groups to collaborate. Board member Engel discussed doing some clean-up work on Circle 75. Ms. Rivers stated CCID staff will vet this against the Landscape Maintenance policies that were developed. The CCID has criteria that allows certain corridors and will see where it falls in the context of the framework of the CCID policies and then have conversations with property owners. Most of the time active construction sites do not qualify for CCID funding. Chairman Lee will look into this matter along with the Braves. Board member Teague discussed getting new bus stops in the area. The County is working on proposals and will work with the CCID. Board member Zimmerman asked Ms. Cooper about the events budget. Ms. Cooper stated she can present a breakdown at the July meeting.

OTHER BUSINESS/ADJOURN Chairman Lee thanked the CCID for the great communications. He is very proud of the CCID. Chairman Leithead stated Roxanne Plummer will coordinate the Special Called July 21st Millage Rate meeting. Board members congratulated Ms. Rivers on her 19th work anniversary. The next regular board meeting is scheduled for the same location on July 30, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 8:50 a.m.


________________________, 2015

_______________________Secretary


Thursday, May 28, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Mike Plant (arrived during the meeting) John Shern Bob Voyles Mason Zimmerman EXECUTIVE DIRECTOR Malaika Rivers LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Slade Gulledge Roxanne Plummer Mike Winters

COBB COUNTY Chairman Tim Lee Jane Stricklin Jim Wilgus Michael Hughes CROY ENGINEERING Chris Rideout JACOBS Lynette Baker Kim Conroy MORELAND ALTOBELLI Tom Moreland Chris Kingsbury OTHERS PRESENT Ron Sifen, Vinings Angelica Maita, CDM Smith Holly Quinlan, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism Richard Crim, Dobbins ARB Mark Edwards, Pond & Company Kevin Ergle, Kimley-Horn Gary Walker, Paradigm Security Services Heidi Isom, Marietta Power Claire Bartlett, Rep. Barry Loudermilk’s Office Brian Ricks, AEI Josh Rowan, MBP Hillary Butschek, MDJ

The May meeting of the Cumberland Community Improvement District Board was called to order at 7:35 a.m. on Thursday, May 28, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided. Lynn Rainey, Legal Counsel asked for all Electors present to register to vote for the upcoming election. ITEMS FOR APPROVAL 1. Minutes: Mr. Voyles made a motion to approve the April 16, 2015 Minutes of the CCID Board. Ms. Engel


2. Approval of Financial Statement: After making the Financial Report in Barry Teague’s absence, Mr. Shern made a motion to approve the April Financial Report (Exhibit A) as presented and to approve invoices for payment

CCID Minutes May 28, 2015 Page 2 of 5

as shown under agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead reported the federal Highway Trust Fund was due to expire on May 31, but the House voted to extend financing for two months. The good news is that transportation funding did not stop dead in its tracks, but two months does not give anyone much to work with. It raises questions regarding long term funding for projects. The reason for the short term extension is to keep the pressure on to try and do something by the August recess that would extend it for six years. The issue is not the term, but the issue is the funding mechanism. Right now, it is funded exclusively by a declining fuel tax revenue. There is much discussion in Washington about what could be a new funding source for transportation. Conversations continue in Washington and while they do, it renders some of the CCID projects which have significant federal funding in them uncertain moving forward. If the funding turns out to not be available, then it will have significant delaying effects on some of the CCID’s projects. CCID staff will continue to monitor this situation. Chairman Leithead reported Cobb County Commissioners voted on Tuesday to approve the $5.3 billion Cobb Comprehensive Transportation Plan (CTP) which details plans for transportation needs in the county for the next 25 years. The plan was last updated in 2008. The plan includes a bus rapid transit system. Cobb Chairman Tim Lee discussed the plan. The plan is a required document by the Atlanta Regional Commission (ARC) which allows the county to apply for any state or federal funding to pay for transportation projects. Chairman Lee discussed that projects are broken down into three categories – short term, mid-term and aspirational. The projects that are labeled “short term” will be completed in six years using SPLOST dollars, “mid-term” will be completed in seven to fifteen years, and “aspirational” are scheduled to be complete in sixteen or more years. There is an effort to move things forward with the CTP. In addition, technology and communications are advancing as well. There will be an emphasis put on commuter traffic. An app will be created for commuters to be able to plan accordingly. {Board member Mike Plant joined the Board meeting at this point.} Ms. Rivers stated the CCID Board is moving to a format where the Board materials will be provided electronically. There will be a few pieces of information each month that CCID staff feels are important to be provided in hardcopy format (i.e. agenda, work program and investment map). Ms. Rivers oriented the Board with the hot links through the agenda and the online meeting materials. Moving forward, Board members will receive a link to the Board web page in Ms. River’s board memo and Board members can access all of the meeting materials in advance of the meeting. The materials will be updated monthly. Board members thanked the CCID staff for the hard work and were very pleased to have the information in an electronic format. EXECUTIVE DIRECTOR’S REPORT A. Financials: Tax Digest Collections and Top Tax Payers: Ms. Rivers reported the CCID staff is still in the

process of analyzing the County’s preliminary tax digest. The County is projecting that the CCID’s digest will increase 8.6% (or to $5,871,776), countywide the digest will increase 6.75%. The CCID is going to be keeping with more conservative cash projections that are used within the CCID’s cash modeling. The CCID is projecting an increase of 3.07% (or to $5,562,487).

CCID Minutes May 28, 2015 Page 3 of 5 CAUCUS OF ELECTORS The board meeting was recessed at 8:00 am to convene the Caucus of Electors. At the direction of Chairman Leithead, Lynn Rainey called the Caucus to order. All electors present had completed their registration to vote. Mr. Rainey reviewed the elections process and stated that the purpose of the election is to elect board members for Post 3 (Elector) currently held by John Shern and Post 6 (Equity) currently held by Mason Zimmerman, for 3 year terms to the Cumberland CID Board, vote whether to extend the life of the CCID, and vote whether to expand the purposes of the CCID. Mr. Rainey read the proposed Rules of Caucus to the Electors. Mr. Voyles made a motion to accept the Rules of Caucus and Mr. Zimmerman seconded the motion. The motion was unanimously approved. Mr. Rainey asked if there were any nominations for Post 3. Mr. Zimmerman nominated John Shern. Mr. Rainey asked if there were any other nominations for Post 3. There being none, a motion was duly made by Mr. Voyles and seconded by Mr. Plant to close the nominations. The motion was unanimously approved. A motion was duly made by Mr. Zimmerman and seconded by Ms. Engel to vote by voice, dispensing with the written ballot. The motion was unanimously approved. Mr. John Shern was unanimously elected to Post 3. Mr. Rainey asked if there were any nominations for Post 6. Chairman Leithead nominated Mason Zimmerman. Mr. Rainey asked if there were any other nominations for Post 6. There being none, a motion was duly made by Ms. Engel and seconded by Mr. Plant to close the nominations. The motion was unanimously approved. A motion was duly made by Mr. Shern and seconded by Ms. Engel to vote by voice, dispensing with the written ballot. The motion was unanimously approved. Mr. Mason Zimmerman was unanimously elected to Post 6. Legal Counsel Lynn Rainey administered the oath of office to the newly elected board members. The Caucus moved forward with the vote on the questions for which the Caucus had been duly advertised and convened, which was, “Shall the life of the Cumberland Community Improvement District be extended six more years beyond its present life so as to expire April 14, 2024” and for expanding the purposes for the CCID. Each Elector present and registered had been given appropriate ballots that apply to their property. For a vote to succeed it must receive a majority of the elector votes and majority of equity votes. Mr. Rainey suggested to the Chair, for purposes of record keeping, that a written ballot be done rather than a voice vote. Each Elector marked his ballot(s) and presented them to counsel. Mr. Rainey counted the votes and announced by a unanimous vote the CCID life has been officially extended until April 14, 2024. After counting votes, Mr. Rainey stated the question “Shall the Cumberland CID expand its purposes to include such other services and facilities as may be provided for by General law” failed. The vote was affirmative 11 to 9 on the Elector votes, but was negative on the equity votes, 63,665 in favor and 508,891 votes against. The caucus adjourned and the board meeting reconvened at 8:11 a.m. B. Real Estate Activity: Investment, Sales, Land Use Map, & Residential: Ms. Rivers reviewed the Investment,

Sales, Land Use Map, and Residential collaterals. The sales price in the Cumberland area is holding approximately 70% above the Tax Assessors assessed value. Top Tax Payers: Ms. Rivers reported another standard collateral will be the Top Tax Payers in the CCID. Of the CCID’s 184 commercial property owners, the top 20, or 11%, represent 65% of the CCID digest while only 12% of the acreage. There are some large owners within the CCID. The top investor in the CCID is CRBE.


C. Open Projects Work Program: Ms. Rivers reported out of the CCID’s total work program it has $217M worth

of work. $210M of that is in capital improvement projects of which $128M has been confirmed in outside commitments, and $42M in CCID commitments, $20M of which has been paid leaving $22M left to pay. Taking the value of the projects less what has been committed there is a funding gap of $39M. CCID staff will be working diligently over time to assemble the funding necessary to deliver projects. In order to fill the $40M to finish off the $210M work program the CCID will need local matches. Ms. Rivers invited Board members to attend the financials meeting the Wednesday before each board meeting.

D. Operations 1. Capital Improvement Projects Performance Report: Brantley Day, Operations Manager gave updates

on: Windy East and West, DDI, Cobb Parkway Widening & Trail, US 41/Cobb Parkway Bridge Replacement, US 41 / Cobb Pkwy Central Streetscape & Mast Arms, Akers Mill Trail East (Bob Callan Loop Trail), Street/Ped Lighting & Mast Arms Project (various routes), Cumberland Blvd Bridgescape, Bob Callan Trunk Trail Ph II Segment A and the Gateway project.

Board members asked questions regarding projects: • Will there be any signage around the US 41/Cobb Parkway Bridge Replacement? Ms. River’s stated

CCID staff is working with the National Park Service on what types of holistic improvements can be made to Palisades.

• Board member Voyles asked if the Cumberland Blvd Bridge area is in the landscape maintenance program? The safety rails are rusting and kudzu is taking over the chain link fence. Mr. Day stated he would look into this.

E. Communications & Outreach

1. Communications Plan: Kara Cooper, Outreach Manager reported the CCID is continuing to build on the communications strategy which includes improving on collaterals, increasing touch points with stake holders, furthering media relationships and strengthening strategic partnerships. Ms. Cooper reported on new collaterals/renderings. The banner program will be launching within the next two weeks. The CCID will administer the program, but the banner designs will be approved through Cobb DOT and Community Development. The banners can only be CCID related and other public partners within the community. Ms. Cooper is working with Michele Swann, CEO of the Cobb Galleria. The Cumberland Blvd lighting project is about to start staking. CCID staff has been meeting with property owners and property managers. Ms. Cooper discussed past and upcoming events for the CCID. The rescheduled Akers Mill Trail East Grand opening will be this Saturday, May 30 from 10:00 a.m. – 1:00 p.m.


Ms. Cooper went on to report on some public relation opportunities: Atlanta Business Chronicle and Georgia Trend (Cobb Market reports). The CCID received a lot of great coverage. The Atlanta Magazine June issue just came out. The CCID partnered with TCACID to do an editorial section. The CCID will be working with the Georgia Chamber on the Georgia Grows Summit that will be held in Cumberland in June. The CCID’s partnership with EDGE is continuing very well. Many have been interviewed already for the branding project. The Cumberland branding initiative workshop will be held on June 4.

OTHER BUSINESS/ADJOURN Ms. Rivers reported that since the CCID’s life has been extended the financials will be updated to show projected revenue through 2024. The next board meeting is scheduled for the same location on June 25, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 8:35 a.m.


________________________, 2015

_______________________Secretary


Thursday, April 16, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Mike Plant John Shern Barry Teague Bob Voyles Mason Zimmerman EXECUTIVE DIRECTOR Malaika Rivers COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Slade Gulledge Roxanne Plummer Mike Winters COBB COUNTY Chairman Tim Lee Jim Wilgus

CROY ENGINEERING Chris Rideout JACOBS Lynette Baker Kim Conroy Jeff Woodward MORELAND ALTOBELLI Chris Kingsbury OTHERS PRESENT Ross Bickers, VVHA Tracy Rathbone, TCACID Myriam Hysa, Wyndham Hotels Peter Hortman, AECOM Holly Bass, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism David Johnson, Community & Southern Bank Emily Estes, Georgia Commute Options Heidi Isom, Marietta Power State Rep. John Carson Hillary Butschek, MDJ

The April meeting of the Cumberland Community Improvement District Board was called to order at 7:39 a.m. on Thursday, April 16, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided. This is meeting is in lieu of the April 30, 2015 regularly scheduled CCID meeting. ITEMS FOR APPROVAL 1. Minutes: Mr. Voyles made a motion to approve the March 26, 2015 Minutes of the CCID Board. Mr. Teague


2. Approval of Financial Statement: After making his report, Mr. Teague made a motion to approve the March and April Financial Report (Exhibit A) as presented and to approve invoices for payment as shown under agenda item IIA3 (Exhibit B). Ms. Engel seconded the motion which was unanimously approved.

CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead stated that at the March meeting it was proposed to not only call the Caucus of Electors for the two posts that are up for re-election in May, but also to put before the CCID’s membership a vote to extend the life of the CCID for an additional 6 years (2018-2024) and adopt the seventh purpose for CIDs

CCID Minutes April 16, 2015 Page 2 of 5 (“such other services and facilities as may be provided for by Georgia law”) Adopting purposes does not commit the CCID to spending funds. Board members discussed the need to focus on doing what the area is going to need as it develops its own personality in Cobb. Board members went on to discuss the potential pitfalls of adopting the seventh purpose: 1) the County needs to provide County services that the residents and businesses deserve, 2) The CCID should not build such structures as fire stations, 3) The County should pay for public safety personnel, and 4) The CCID should leverage its money to do things that can’t otherwise be done. Chairman Lee stated he is not expecting the CCID to pick up the tab for building a fire station. The County has a capital plan for construction of public safety, fire, and police equipment to make sure this community continues to be safe, which is also a top priority. There may be a need for technology, but those needs are not known at this time. In addition some Board members aired their concerns of the CCID marketing budget and how it is utilized. A specific concern is to make sure the marketing budget is not used to market specific properties. David Connell, President & CEO, discussed that one of the responsibilities under Cobb’s Competitive EDGE is to market Cobb County and to market the three jobs centers that are important to Cobb County. The Chamber will be working with all three CID’s to market the entire county. Chairman Leithead discussed calling the two separate questions below at the membership caucus in May.

1. Shall the CCID include in the caucus of electors on May 28 a vote on extension of the life of the CCID? Ms. Engel made a motion to include in the caucus of electors on May 28 the question whether the life of the Cumberland CID shall be extended six more years beyond its present life so as to expire April 14, 2024. Mr. Plant seconded the motion which was unanimously approved.

2. Shall the CCID include in the caucus of electors on May 28 the question of expansion of CCID purposes to include the final and 7th purpose?

Mr. Plant made a motion to include in the caucus of electors on May 28 to add the question whether the Cumberland CID should adopt the 7th purpose which is “such other services and facilities as may be provided for by Georgia law”. Mr. Voyles seconded the motion. The motion was approved 6-1 with Mr. Teague opposing the motion. Lynn Rainey, Legal Counsel, will do the proper advertising for the upcoming caucus. EXECUTIVE DIRECTOR’S REPORT A. Updates and Requests

Ms. Rivers discussed that the CCID Board meeting materials are moving from hard copies to digital next month. Board members and VIP attendees will be provided an iPad with meeting materials loaded on it at each meeting. Those materials that CCID staff feels that are helpful as supplemental materials in a hard copy format, will be provided. The CCID is working on going green. Ms. Rivers walked Board members through the new format and how information will be viewed. The CCID’s new website will go live next month. At each meeting, guests will be provided instructions on how to login to view meeting materials. Board members liked the idea of having meeting materials at hand and asked for a link to review the documents ahead of time and after meetings. Ms. Rivers went on to report that PIMS will be embedded and the tool will be provided

CCID Minutes April 16, 2015 Page 3 of 5

to Board members. Chairman Leithead stated this has been a real effort and a huge step in the right direction. 1. Tax Collections & Financials: Ms. Rivers reported the books on the 2014 CCID digest have been closed.

At the beginning of 2014, the CCID had initially projected tax revenue at $5.41M and collected just under $5.39M (had initially projected an increase of 2.72%, but ended up with 2.23% ($120K over)). For 2015 the County Tax Assessor is preliminarily indicating the entire tax digest (County wide) will increase by 6.75%. The CCID will continue with conservative projections that being a collection of $5.56M, which is a 3% increase.

2. Funding Announcements & Opportunities: Ms. Rivers reported CCID staff submitted an application to the Department of Natural Resources “recreational trails” program for funding for the Bob Callan Trail extension. Unfortunately, the CCID did not get the funding and Mr. Day will be following up with the DNR to see how the CCID can best be positioned for projects next year.

Ms. Rivers reported on upcoming funding opportunities. ARC released a call for projects with any grant submittals or grant requests that were due April 6. There are several pots of money available. One pot is Surface Transportation Program Funds (STP). The CCID applied for one of its projects; the Akers Mill Improvements. Another pot is TAP money. The CCID applied for the Bob Callan Trail, Segment A. The CCID will be resubmitting for a third pot, LCI. A few months ago, the CCID submitted to do a Bike Ped plan, but was not rewarded the funding. The CCID re-submitted a new application and also asked to amend LCI to add Akers Mill Improvements so that it is programmed into a document.

3. Open Projects Work Program: Ms. Rivers started out by stating that the Open Projects Spreadsheets will be renamed to Open Projects Work Program. Ms. Rivers will be meeting with each Board member before the next meeting to discuss the changes and improvements to the spreadsheet. Ms. Rivers hopes that the new format will be user friendly and meets several Board members’ requests of understanding where the CCID is on a spent and unspent basis as well as a prioritization basis.

4. Real Estate Development Updates: Ms. Rivers reviewed the Investment Map. It is a great collateral piece and has very strong investment information. Ms. Rivers went on to state that the zoning and permitting will not be distributed anymore because all that information will be included on the Investment Map. The zoning and permitting map will be updated internally and will become a source piece. Ms. Rivers reviewed the sales, and residential collaterals. The numbers are holding the same.

B. Operations 1. Capital Improvement Projects Performance Report: Brantley Day, Operations Manager gave updates

on: Windy East and West, DDI, US 41/Cobb Parkway Bridge Replacement, Cobb Parkway Widening & Trail, US 41 / Cobb Pkwy Central Streetscape & Mast Arms, Cumberland Blvd Bridgescape, Cumberland Blvd West Intersection Improvement & Ph III Streetscape (this project is in the 2016 County SPLOST) – the CCID Board will expend those unexpended funds, Akers Mill Trail East (Bob Callan Loop Trail), Bob Callan Trunk Trail Ph II Segment A, Palisades/NRA Trails Integration & Enhancements, Riverwood Parkway Streetscape and median improvements from Interstate North to Terrell Mill. Mr. Day went on to give updates on signage and pedestrian lights. Board members asked

CCID Minutes April 16, 2015 Page 4 of 5

Mr. Day to give updates on the NW Managed Lanes project from time to time or even have someone from GDOT come to deliver updates on the project. Mr. Zimmerman stated it is impressive that there are $25M worth of projects completing this year and $40M worth of estimated projects to complete next year. Those are active projects that the CCID is engaged in and able to leverage. Board member Engel asked for an update on the Akers Mill Improvements. Chairman Leithead stated the application has been made for federal funds and meetings continue to happen. There is still a long way to go because there is an unidentified funding gap that is significant. Chairman Leithead welcomed House Representative John Carson. Chairman Leithead went on to discuss HB 170. HB 170 will add a billion dollars a year going forward and indexed to inflation. It will have an unbelievable effect on the State’s ability to fund transportation projects throughout Georgia, but also leverage funds at the federal level. CCID Board members are delighted and thanked Mr. Carson for his leadership and participation in the CCID. This is one major step forward. Chairman Leithead welcomed Tracy Rathbone, Executive Director for Town Center Area CID.

C. Communications & Outreach 1. Communications Plan: Kara Cooper, Outreach Manager reported that 2,000 Annual Reports were

mailed to public partners and owners last month. The CCID’s new website is progressing well and has moved into the testing phase. Ms. Cooper asked Board members for feedback. CCID staff is gearing up for the upcoming photography and aerial shoot. Ms. Cooper asked Board members for ideas that they would like to see captured and it will be incorporated in the shoot list. Ms. Cooper reported on other new collaterals/renderings: NW Corridor, Bob Callan Trunk Trail, Segment A, the sales map will be moving to the Investment Map and tweaks have been made to the project fact sheet and will be creating a couple of new ones for next month’s meeting.

Ms. Cooper went on to report on some public relation opportunities: Atlanta Business Chronicle and Georgia Trend (Cobb Market reports). The CCID received a lot of great coverage. Atlanta Magazine has also committed to do a second year of the Cobb Section and the CCID is partnering with TCACID to do an editorial section. Ms. Cooper discussed past and upcoming events for the CCID. The rescheduled Akers Mill Trail East Grand opening will be on Saturday, May 30 from 10:00 a.m. – 1:00 p.m. Ms. Cooper stated the CCID continues to build relationships with property owners and managers.

CCID Minutes April 16, 2015 Page 5 of 5 COBB COUNTY ISSUES & UPDATE Chairman Lee started out by thanking State Representative John Carson for his work during the legislative session. Chairman Lee encouraged everyone to reach out to the Cobb delegation and thank them for their hard work. Chairman Lee thanked CCID Board members for taking action to extend to the membership the opportunity to vote on whether to extend the CCID’s life. The County and the region would not be where they are today without the CCID. The County is far more advanced because of the CCID. Chairman Lee stated the CCID may want to include adding accomplishments and benefits to the CCID’s new website to allow others to see what a benefit the CCID is to the community.

OTHER BUSINESS/ADJOURN Chairman Leithead urged board members to attend the next CCID meeting that will be held on Thursday, May 28th for the Membership Caucus. The next board meeting is scheduled for the same location on May 28, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 8:56 a.m.


________________________, 2015

_______________________Secretary


Thursday, March 26, 2015 MEMBERS PRESENT Tad Leithead Connie Engel Mike Plant John Shern Barry Teague Mason Zimmerman EXECUTIVE DIRECTOR Malaika Rivers LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Roxanne Plummer Mike Winters COBB COUNTY Chairman Tim Lee Commissioner Bob Ott

ARCADIS Alisha Smith CROY ENGINEERING Chris Rideout JACOBS Kim Conroy Jeff Woodward MORELAND ALTOBELLI Buddy Gratton OTHERS PRESENT Abby Hall, Childress Klein Ross Bickers, VVHA Ron Sifen, VVHA Holly Bass, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism David Johnson, Community & Southern Bank Peter Hortman, AECOM Heidi Isom, Marietta Power Jay Ashtianti, United Consulting Gary Walker, Paradigm Security Ricky Leroux, MDJ

Alicia Smith

The March meeting of the Cumberland Community Improvement District Board was called to order at 10:00 a.m. on Thursday, March 26, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided. ITEMS FOR APPROVAL 1. Minutes: Mr. Teague made a motion to approve the January 16, 2015 Minutes of the CCID Board. Mr. Plant

seconded the motion which was unanimously approved. (The February 2015 Board meeting had been snowed out.)

2. Approval of Financial Statement: After making his report, Mr. Teague made a motion to approve the late

January and February Financial Report (Exhibit A) as presented and to approve invoices for payment and shown under agenda item IIA3 (Exhibit B). Mr. Shern seconded the motion which was unanimously approved.

CCID Minutes March 26, 2015 Page 2 of 6 CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead reported that last week he and Malaika Rivers made a trip to Washington, D.C. to meet with elected officials to discuss the status of the Federal Transportation Bill (MAP 21) which expires at the end of May. There is ongoing discussion and it seems unlikely that a permanent bill will be passed on or before May 31st. Chairman Leithead stated there will possibly be a continuing resolution somewhere between 6 months and 2 years, and all officials agreed that the future of that reauthorization is uncertain until a reliable funding source is identified and at this point that has not happened. The other reason for the trip was to discuss the CCID’s proposed improvements to the Palisades parking lot/area in conjunction with the National Park Service. Next year is the National Park Service’s 100th anniversary and the CCID may be able to use some funding that is available because of their 100th anniversary to coincide with the CCID’s funds to beautify the park. All of the elected officials were very interested and encouraged the CCID to move forward. Meetings have been set with the park service to try to determine a plan of action and hopefully delivering those parking improvements sooner rather than later. Chairman Leithead stated that spending $150,000 on the environmental process will come to the Board after more meetings are had with the National Park Service. The dialogue will continue and there will be more information to come. At the state level, the House passed HB 170 that would increase state transportation funding by about a billion dollars a year. The bill was modified in the House and was originally not supported by the mayors or county commissioners. The bill went to the Senate and the Senate made some significant modifications. This would provide for roads and bridges, but not transit. It is now going to a conference committee (3 senators and 3 house members). A vote must take place by April 2nd. Chairman Leithead noted Local Legislation has been approved by the General Assembly to amend the Cobb County CID Act to extend the allowable powers of a CID to public safety. The CCID has not adopted the seventh purpose for CIDs which is “such other services and facilities as may be provided for by Georgia law”. Call for Caucus Post 3 and Post 6: Legal Counsel, Lynn Rainey gave update on post elections to be held at the May 28th CCID meeting. Mr. Rainey stated that the three year terms for the following posts will expire in May: Post 3 (John Shern) and Post 6 (Mason Zimmerman). Post 3 will be elected with one vote per non-contiguous property within the CCID and Post 6 will be voted on with one vote per $1,000 of assessed value. Chairman Leithead went on to state that there are certain things that can only happen at the membership level – board elections, adopting purposes and agreeing to extend the life of the CCID. Over the last two weeks, Board members received the white paper they requested from Ms. Rivers in regards to the goals and objectives of a potential 6th term. He went on to state that the CCID’s limited remaining funds for the next three years will limit the ability and flexibility with its existing and proposed projects. Chairman Leithead then asked Board members to consider adding any unadopted purposes as well as adding the term extension to the advertisement for the May membership caucus. He noted that any extension approval would not be a spending approval.

CCID Minutes March 26, 2015 Page 3 of 6 Board members discussed the pros and cons of extending, including the timing of the advertisement (April 24th). They discussed debt obligations (if the CCID terminates, the debt obligation must be taken care of before going out of business), and the timing of the last extension (2012). Board members agreed to reschedule the April 30th Board meeting to April 16th at 7:30 a.m. to discuss this issue further before the advertising deadline. In the meantime, Board members will have a few more weeks to reach a formal decision on the merit and timing of the extension. Ms. Engel made a motion to call for a caucus for Post 3 and Post 6 to be held in conjunction with the May 28th CCID meeting. Mr. Shern seconded the motion and the motion was unanimously passed. EXECUTIVE DIRECTOR’S REPORT A. Updates and Requests

1. Tax Collections & Financials: a. Monthly Update: Ms. Rivers reported that almost 100% of the CCID tax collections have been

received to date (99.6% in February - puts the CCID about $88K until it reaches its fiscal year projection of $5,414,977). The usual appeals will adjust that amount.

The 2015 Preliminary Tax Digest presentation is going on right now. Ms. Rivers and Mr. Rainey will seek that information following this meeting.

b. Audit Report: Brett McClung with Goldman & Company CPAs PC presented the audited financial statements for the year ending December 31, 2014. Mr. McClung issued a clean, unqualified opinion with no material weaknesses and no recommendations. The management letters were included and stated there were no disagreements and no issues during the completion of the audit. Mr. McClung stated the CCID’s deposits are sufficiently collateralized in the pooled funds with Georgia Bankers Association. This was confirmed with a letter from the Georgia Bankers Association. Mr. McClung thanked CCID staff for all of their hard work. Chairman Leithead thanked Mr. McClung for his long time service to the CCID. (Documents attached)

2. Funding Announcements & Opportunities: Ms. Rivers reported CCID staff has submitted an application

to the Department of Natural Resources “recreational trails” program for funding for the Bob Callan Trail extension. Winners will be announced in April.

Ms. Rivers reported on upcoming funding opportunities. ARC doles out certain portions of federal funds and have released a call for projects with any grant submittals or grant requests due April 6. There are several pots of money available. One pot is Surface Transportation Program Funds (STP), of which the ARC has about $31M available a year over the next three years. The CCID will be applying for one of its projects; the Managed Lanes Access Ramp at Akers Mill. Another pot is TAP money. The region has about $7.2M a year over the next three years. The CCID will be applying for the Bob Callan Trail parts A & B. The CCID will be resubmitting for a third pot, LCI. A few months ago, the CCID submitted to do a Bike Ped plan, but was not rewarded that amount of money. The CCID is going to resubmit a new application for that pot of money as well.

CCID Minutes March 26, 2015 Page 4 of 6

3. Real Estate Development Updates: Ms. Rivers gave Board members a real estate development update and presented the new Board collateral – “Investment Map.” It has very strong investment information. The front map indicates all the private investment that’s going on in the area and on the back it shows additional information relating to that investment. The key take away from this map is a snapshot to show people in the area all that is going in the Cumberland community. The CCID area will realize $3.5B in public and private investment between 2013 and 2018. Of that $3.5B, $2B is public infrastructure improvements and $1.5B is private investment (including Class A office, residential units, hotel rooms and new retail). Ms. Rivers went on to review the zoning, permitting, sales, and residential collaterals. The total value of the zoning and permitting activities in Cobb County year to date is approximately $30M with the CCID’s portion being just under $6.5M or 21% of the county’s whole. In regards to the Cumberland area commercial and apartment property sales – in 2013, properties sold on average for 25% above the Tax Assessors value. In 2014 properties sold on average for 72% above the Tax Assessors value. Pertaining to Commercial/Multi-Unit there have been about 5,000 total units that have been zoned in the past three years with 9,800 residents coming into the market. There is a lot of activity going on in the market right now.

4. Current Issues/Activities/Requests a. 2014 Annual Report: Ms. Rivers distributed the 2014 Annual Report. Ms. Rivers restated the theme

for the year which is that the community is taking action, investors are taking action and action is happening in the residential market. There is $3.5B on the books and there is a lot of excitement about the growth in the area.

b. Akers Mill Managed Lanes Access Ramp (20% of award or up to $1.6M; $10,000 for PB application): Ms. Rivers discussed ongoing conversations with the State about adding an access ramp to and from the Managed Lanes system. Over the last couple of months, preliminary conversations have been had with both GDOT and SRTA. They were to go back and do some internal assessments to see if this is a feasible project because they needed to have that comfort level themselves. CCID staff has since then met with the Commissioner of GDOT and the head of SRTA to review that preliminary assessment, and they discussed the findings regarding the impact on the Managed Lanes system. The numbers that SRTA and GDOT presented were stated to be very extremely conservative, specifically that the addition of the ramp would add 1,300 new drivers/cars to the Managed Lanes system by year 2040. The Commissioner of GDOT stated to Ms. Rivers if the CCID would still like to pursue this project, it should be included in the Managed Lanes construction which is going on at this time. Ms. Rivers noted the unusual opportunity to advance a project that could be impactful and get it delivered in two years. Ms. Rivers went on to state that there are federal funds available via the current call for projects and CCID’s staff recommendation is to go ahead and apply for the STP money. The project is estimated to cost $8M. If the CCID was to be awarded 80% ($6.4M) in federal funds, it would require a 20% match ($1.6M) from the CCID.


In order to apply for these funds, a resolution would be required from the CCID indicating there is local money committed to the project. She went on to remind the Board that after the CCID February meeting was cancelled, Chairman Leithead distributed an email requesting ratification of the $10,000 fee for PB to go ahead and prepare the application for federal funds which they did based on the positive feedback. Board members went on to discuss the importance and need for this project. Per the current design, drivers will have to go to 2 miles in any direction in order to enter or exit off the managed lanes; an obstacle for area workers and eliminated by the proposed ramp. A question was posed to Cobb County Chairman Lee regarding the County’s ability to participate in funding the project. He stated that he must review the project for a couple of weeks before committing county funds, if any. Upon further discussion of the impact of a $1.6m commitment to the CID’s remaining financials, Ms. Rivers clarified that this potential commitment applies only to construction. She explained that the CID would be responsible for the design costs as well, which could be in the $1m range and would be forthcoming in the next few months. If the Board wants to pursue this new project then the Board needs to: 1) confirm and ratify the $10K fee for PB to develop the application for the federal funding submittal, and 2) approve a resolution for the 20% match (up to $1.6M). Mr. Shern made a motion to approve the resolution and $10K to PB for the application. Ms. Engel seconded the motion which was unanimously approved.

c. Bob Callan Trunk Ph II Local Match (25% of award or up to $1.13M): Ms. Rivers reported the CCID has already built 2 miles of the 4 mile Bob Callan trunk trail. The CCID has been working on successfully assembling funds over the past few years for the remaining portion. The CCID has received federal discretionary funds to build one mile (Section A) along with ARC’s TAP funds for a portion of the last mile (Section B) and now with this call for projects the CCID will be going for more federal funds to help close the funding gap on B. Ms. Rivers noted she recently received new cost estimates on the cost to deliver these two segments and the costs have increased over $1.5M, bringing the total of A & B to just under $12M. Given that this is a significant increase to the CCID’s cost estimates, staff has regrouped and delivered the Board a new strategy in order to deliver this priority project. Construction costs have increased for both Segment A & B, however, they are both under ROW acquisition right now and Segment A is scheduled to be let for construction in December. Given that the ARC is likely to fund projects so close to construction, the new strategy is to request money for the increased Segment A construction deficit ($880K) as it is well positioned to receive these funds. In order to provide the local match needed to request the $880K, the CCID would shift a portion from Segment B over to Segment A in order to fulfill the local match, therefore not requiring a new commitment today. In the same strategy, the CID will request $630K to pay for ROW acquisition for Segment B. Similar to the first, there is enough money in the budget to provide the local match so no new commitment is needed today. The only thing required for this strategy is a resolution indicating that the local matches have been previously committed. Ms. Rivers went on to discuss another strategy to build this priority project faster. Given the cost increase, there is about a $5.5M deficit for Segment B’s construction. If the Board wants to deliver the entire 4 miles sooner rather than later, it should take advantage of the current funding opportunity. CID staff could include in the packet a request for $3.5M in federal funds which would require a new CCID commitment of $1.13M in matching funds. It is unlikely that the CID would receive this funding, but by putting in an application, it continues to show ARC how committed the CCID is to deliver the project. Like the other federal requests, the CCID would need a resolution committing to the match (or up to a percentage of the award, in this case $1.13M or 25%) should


the Board agree to the $3.5M federal strategy. Ms. Rivers asked for approval of the $880K and $630K resolution as well as discussion on the additional strategy of $3.5M which would require a $1.13M new local commitment. Board members asked if the trail connects with the Braves project. Mr. Zimmerman stated that in terms of prioritization, an east/west connection from the Braves project to the Interstate North Trailhead is significant. Ms. Rivers stated that this 2 mile extension is a green space trail, as they’ve previously prioritized. She mentioned that the east/west connection is not in the CCID’s work program at this time because as a sidepath, it was deprioritized a year ago. She went on to note that it is included in a pending list of projects for a potential 6th term and could also be advanced pending further conversations with the County as to their priorities. Board members went on to discuss the cost of building these trails and asked questions about the funding strategies. Board members discussed that some of these projects may not be high priority anymore given the limited amount of money the CCID has left. The CCID has $2.4M into Segments A & B at this point and if the strategy is approved as outlined it would be another $1.13M, bringing the CCID’s total outlay to just under $3.6M for a $12M enhancement. Board members discussed the financials and possibility of finishing Segment A and postponing B. Ms. Rivers reminded Board members that Segment A is about to go to construction at the end of this year, Segment B can go to construction within a year following that because it is very advanced and the design work has been done. Should the Board change course at this time it will extend the Segment B delivery schedule by years. Ms. Rivers stated that if the CCID delays it too long then it would lose federal funds that are attached to it. In that case, it would be not just backfilling the gap, but backfilling it entirely. Mr. Zimmerman made a motion to continue with Segment A and postpone Segment B recognizing the risk and there could be a financial loss. Mr. Shern seconded the motion which was unanimously approved. COBB COUNTY ISSUES & UPDATE Chairman Lee stated that the previous dialogue on the term extension is encouraging. He noted that the future of this area is that it is going to expand and grow in the next three to five years. The group (County & CCID) must be prepared when that time comes. The County is working on comprehensive circulator studies, parking studies, and pedestrian studies. There are many roads in the hopper in the current SPLOST that are in the CCID district and a lot of uncertainty, however the certainty is that all these projects will move forward. Over the next 12 months, the County will have a clear understanding as to what priorities will be placed in front of the CCID Board. If the CCID does not extend, it is saying to the region that the CCID is done taking advantage of everything that has been built in the last 25 years and that we are going to be bystanders to what we know is going to come in the next 10 years. It is imperative that the CCID move forward to be able to take advantage of the opportunities that are going to be crystal clear in the next 12 months as to what the CCID will have to do and will be able to do. There are a lot of good things that will happen within the next 6 months. If there was ever a need for the CCID to be here it is now.

OTHER BUSINESS/ADJOURN The next board meeting is scheduled for the same location on April 16, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 12:11 p.m.


________________________, 2015 _______________________Secretary


Friday, January 16, 2015 MEMBERS PRESENT Tad Leithead Mike Plant (arrived during the meeting) John Shern Barry Teague Bob Voyles (arrived during the meeting) Mason Zimmerman EXECUTIVE DIRECTOR Malaika Rivers LEGAL COUNSEL Lynn Rainey COBB CHAMBER OF COMMERCE David Connell Melissa Crook Brantley Day Kara Cooper Roxanne Plummer Mike Winters COBB COUNTY Chairman Tim Lee Commissioner Bob Ott Kellie Brownlow Jane Stricklin

ARCADIS James Hudgins Alisha Smith CROY ENGINEERING Chris Rideout JACOBS Kim Conroy Jeff Woodward Vinay Uchil MORELAND ALTOBELLI Tom Moreland Chris Kingsbury Buddy Gratton OTHERS PRESENT Ross Bickers, VVHA Ron Sifen, VVHA Megan Stambaugh, Cobb Travel & Tourism Lindsey Burruss, Cobb Travel & Tourism Al Martin, Ga Power Heidi Isom, Marietta Power Emily Estes, HNTB/Ga Commute Options Ricky Leroux, MDJ

Jim Wilgus

The January meeting of the Cumberland Community Improvement District Board was called to order at 7:32 a.m. on Friday, January 16, 2015 at the Cobb Chamber of Commerce, 240 Interstate North Parkway, Atlanta, Cobb County, Georgia, pursuant to legal notice. Chairman Leithead presided. The regularly scheduled Board meeting and Retreat on January 29th has been moved to today, Friday January 16th. CHAIRMAN’S REPORT: BIG PICTURE Chairman Leithead welcomed Kellie Brownlow, Deputy Chief to Cobb Commission Chairman Tim Lee. ITEMS FOR APPROVAL 1. Minutes: Mr. Zimmerman made a motion to approve the December 11, 2014 Minutes of the CCID Board.

Mr. Shern seconded the motion which was unanimously approved (4-0). 2. Approval of Financial Statement: After making his report, Mr. Teague made a motion to approve the

December Financial Report (Exhibit A) as presented and to approve invoices for payment and shown under agenda item IIA3 (Exhibit B). Mr. Shern seconded the motion which was unanimously approved (4-0).

CCID Minutes January 16, 2015 Page 2 of 12 EXECUTIVE DIRECTOR’S REPORT A. Updates and Requests

1. Tax Collections & Financials: Ms. Rivers reported the CCID tax collections are on track for receipts as of mid-December, 98% of collections were received to date. This puts the CCID at $91K short of its fiscal year projection; expecting to reach goal, but there will be the usual appeals. After making 2014 closing adjustments (including capital improvement projects, program services, operating, annual budgets and so forth), CCID staff was able to return $162K back to the 2015 uncommitted total (general fund). The CCID has $4.3m in unencumbered funds.

2. Funding Announcements & Opportunities: Ms. Rivers reported CCID staff has submitted a Bike Plan for LCI study grant funds and should know by January 30th if the CCID is a recipient. CCID staff also submitted an application to the Department of Natural Resources “recreational trails” program for funding for the Bob Callan Trail extension. Winners will be announced in the Spring.

Ms. Rivers stated that at a prior meeting she reported that ARC was going to delay a call for projects for STP, TAP monies and other funding pots that are normally made available. The reason for the delay is because of the log jam in Congress and the uncertainty as to when funding will come through on the Federal level down to the state and to the region. However, ARC did issue a call for projects. The good news is that ARC is requesting a call for projects to fund existing projects in the Transportation Improvement Program (TIP), but also new projects to help replenish the TIP. This is a big call for projects. Unfortunately the funding levels are not very big. The TAP amount available is only $7M this year and the STP amount available is only $30M this year. These amounts are for the entire region. ARC is asking communities to prioritize any submissions. The CCID will be working with the County to make sure Cobb and the CCID are well positioned. The due date for these submittals is April 1. {Board member Mike Plant joined the meeting at this point.}

3. Real Estate Development Updates: Ms. Rivers reminded Board members that the CCID’s work program

is worth about $200M with $128M of that already committed. The CCID’s commitment is another $44M and we are aggressively looking for funding the $25M gap. Ms. Rivers went on to review the zoning, permitting, sales, and residential collaterals. Regarding zoning and permitting activity, the total value of the commercial permits pulled in Cobb County for 2014 is just under $175M with the CCID’s portion being just under 37%, or $64M. In the CCID area, there were 4 commercial property sales in 2012, in 2013 there were 12 sales and in 2014 there were 25. In 2013, properties sold on average for 25% above the Tax Assessors’ value. To date, in 2014 property sales on average have jumped to 73% above the Tax Assessors’ values. Pertaining to Commercial/Multi-Unit permits issued (2011-2014) in Cobb County the permits issued are down 14%, in the CCID the taxable amount is up 22% (gaining commercial over residential), but in the CCID the residential is down 80%. There have been about 5,000 total units that have been zoned in the past three years with 9,700 residents coming into the market. There is a lot of activity going on in the market right now.

CCID Minutes January 16, 2015 Page 3 of 12

4. Current Issues/Activities/Requests

a. Windy Hill East & West Plan Revision ($44,324 Moreland Altobelli): Ms. Rivers reported that Windy Hill East and West let to construction in September 2014. So far, meeting this tight delivery schedule has only been possible due to fast-tracking activities, specifically, completing design activities concurrently, instead of consecutively which is typically the process. Because plans required extra rounds of revisions as it proceeded through the letting process, additional labor hours were necessary. Due to the critical project delivery schedule, Moreland Altobelli continued working to complete the final plans in October, despite the additional time required. This additional time generated a cost of $44,324. This would require an additional commitment to the budget. Mr. Shern made a motion to approve $44,324 to Moreland Altobelli for the Windy Hill East & West Plan Revision. Mr. Plant seconded the motion which was unanimously approved (5-0). Ms. Rivers commended Cobb County on meeting these tight deadlines in particular to Windy Hill.

B. Operations & Comprehensive Planning: 1. Operations Update: Mr. Day gave specific project updates on: Windy Hill East & West (officially under

construction), DDI (let date September 2015), US41 Bridge Replacement (to be completed in May 2015), Akers Mill Trail East, Street/Ped Lighting & Mast Arms Project, Cumberland Blvd Bridgescape and Bob Callan Trunk Trail. Russell Landscape’s 2015 contract just began and it is preparing to do the replacements in the medians that the Board approved last month. Mr. Day went on to give an update on the Gateway Grant.

2. Communications & Outreach: Kara Cooper, Manager of Outreach, reported 80 Pedestrian pole banners in the core of the district should be installed within the next couple of weeks. Ms. Cooper will send out an email discussing the private development within the CCID the next few weeks. The next “Coffee & Construction” event will be held on January 28th.

At 8:00 a.m., the CCID Board Meeting transitioned to the Cobb Chamber of Commerce’s Media Center for the Retreat portion which remained open to the public.

CCID Minutes January 16, 2015 Page 4 of 12 2014 STRATEGIC PLANNING RETREAT I. WELCOME Chairman Leithead and Ms. Rivers welcomed everyone to the CCID’s annual Retreat. II. UNDERSTANDING OUR SITUATION

Ms. Rivers started out stating that this day is about the Board making decisions, understanding the environment, understanding where the CCID is, where it has been, and where it is going. She asked Board members to keep two important facts at the top of their minds throughout the day: 1) the CCID only has $4.3M left in unencumbered funds, and 2) time is running out in this term. With that, she began her presentation. Ms. Rivers started her Prezi by stating what was to be covered:

• Growth and opportunities in the submarket • 2014 accomplishments • Completion of the existing pipeline • Financial overview

Challenges that the CCID is facing: • Not enough time or money for any other projects given the existing commitments and remaining

time left in the term Market & Growth Opportunities: Ms. Rivers discussed the area’s real estate valuation. In 1988, the commercial valuation in the CCID was $1.2B. Fast forward through 2014, the valuation is $2.8B (source of valuation is by the Tax Assessor). That is a 233% growth rate over the 26 year life span. The projection for the next ten years indicates the CCID will grow to about $4.2B in commercial valuation which is another 150% growth rate. The CCID is projected to add another $1.4B over the next 10 years in commercial valuation. Combining commercial and residential valuation, that total is $4.4B in 2014 and with an increase over the next 10 years to $6.7B, or 152% ($2.3B). {Board member Bob Voyles joined the meeting at this point.} Who We Are:

• $2.8B in commercial real estate • $4.4B in total real estate • Home for Fortune 500s • Makes up 33% of Cobb’s economy and 5% of Georgia’s • CCID makes up 17% of Cobb’s jobs and 62% of its management jobs • CCID is 37% of the total value of Cobb’s commercial permits • 73% price premium over Tax Assessor’s value • $1B estimated amount of private investment underway • 71% increase in residents in great area since 1970


• Well educated, 64% residents and 76% workers have a Bachelor’s degree or higher • Robust workforce – 64% of workers are age 30-54 • Housing growth – 4,700 housing units zoned or permitted in past 3 years w 9,400 residents • Strengthening retail • Growing wealth – 600% growth in bank deposits over past 18 years • Complete destination – generates ½ of the lodging revenues for Cobb County

Digging deeper, out of the 6½ square miles of land, 11% is reserved for Government or tax exempt, 23% is Federal park land, 36% is zoned for residential purposes, and 30% is commercial purposes. The commercial aspect is less than a third of the land use. Although less than a third is commercial, it represents 61% of the area’s total value ($2.8B out of $4.5B). That $2.8B is held by only 180 owners with 20 owning $1.9B. Those 20 owners pay 69% of the CCID’s assessments. Ms. Rivers reviewed the top 20 owners. Big Things Happening: Successes over the past year

• Atlanta Braves select Cumberland o Represents $1B catalytic investment o $10M for public infrastructure came from the CCID o $380,000 revenue to CCID (Based on $190M worth of taxable commercial value in 2017)

• Windy Hill Corridor advanced to construction o Includes several components: East, Far East, West, DDI Interchange o Ms. Rivers stated it has taken 25 years to get to this place. She went on to thank the County

for its ability to help the CCID get the final funding package put together. It is a $48M improvement total ($8M from the CCID and $40M from other sources). This is a 1:6 leverage.

• Cobb Parkway Corridor o In 2012, “Bridgebreaking” and 2013 Road and Trail Groundbreaking on sister project. o $53M in improvements ($5M from the CCID and $48M from other sources). This is a 1:11

leverage. • Greenspace and quality of life

o Akers Mill Corridor (Completed West, Central, & East Sides – 2.8 miles in length) $6.3M in enhancements ($4M from the CCID and $2.3M from other sources). This is a l:1.5 leverage.

o The CCID increased greenspace 217% from 264 acres to 840 acres to include some national park land. The CCID grew 5½ square miles to 6½ square miles.

o Advanced $9M extension of Bob Callan Trunk Trail (Section A scheduled for construction in 2015; Section B construction date TBD because of a funding deficit)

• Other noteworthy items o BRT Plans ready to go to Feds – if/when Cobb County will assemble the funding package

(necessary 50% - 60% local match). The CCID stands ready to help the County. o 2016 SPLOST approved ($25.5M for two CCID projects), but upwards of $210M in and

around Cumberland o GDOT went to construction on the $900M NW Managed Lanes


o Press coverage o Said goodbye to long standing Board member Trey Parrish and welcomed Mike Plant to

the CCID Board. Pipeline of Projects Ms. Rivers discussed that from 2011-2014, the CCID delivered $95M worth of improvements to the community which is leveraging 1:7. From 2015 - 2018 the CCID will deliver another $56M worth of capital improvement projects which is leveraging 1:2. Ms. Rivers went on to review the projects that were delivered in 2011-2014 and then the projects that will be delivered in the future. The CCID has been very successful in bringing about 85% of the current work program to construction over the past few years. However, these projects will require even more money out of the CCID’s remaining $4.3M in unencumbered funds in order to complete them. This need will further reduce the amount available. On top of this, the current work program has other projects that will need time and money. Specifically, three projects in the work program are not at a point to be delivered by the end of the CCID’s life (2018). Those projects are: Terrell Mill Connector, Powers Ferry Widening, and Powers Ferry South Bike/Ped. These projects are in the current work program but are not in an advanced position. These projects will need additional time and funding. Beyond the active projects in the work program, Ms. Rivers stated there are “Prospective” projects of which the Board has conceptualized, but they haven’t advanced far enough to be considered active projects. This includes Stillhouse trails, Palisades ped bridge, managed lanes access ramp, as well as future stadium-related projects. If the Board desires to pursue these projects, they, too, will require money and time. Given that much of the remaining $4.3M will likely be spent to deliver existing projects, there are serious financial needs ahead. If CCID is going to continue to do what it does best - which is to invest and get projects prepared - the CCID must be able to have additional revenue available. Board members commented that the CCID must continue to be ready. Being ready positions itself for getting construction funding. It is the CCID’s role to advance these projects and get them ready as quickly as possible. Financials Ms. Rivers reviewed how the CCID commercial value compares to the County and District 2. The County as a whole has a commercial property valuation of $17.6B, District 2 is $8.3B and the CCID’s is $2.8B. The CCID is 2% of the land, but 16% of the commercial digest to the County, and 10% of land, but 33% of commercial digest value to District 2. In other words, the CCID is the economic powerhouse of this county. The CCID is an important part of the district, the county, the region and the state and because of this, the decisions that CCID Board members make do matter. She continued that the CCID’s tax revenues from 1988 - 2014 were $116M. The CCID will collect another $17.7M, totaling $133.7M, through the remainder of this term (2018). If the CCID chooses to extend into a sixth term, the CCID would add another $43.5M in collections, totaling $177.2M. She estimated that over its full life, commercial property owners would leverage approximately a billion dollars worth of infrastructure over 36 years.

CCID Minutes January 16, 2015 Page 7 of 12 Ms. Rivers then reviewed the existing and projected financial picture. Looking at the Current Life, the CCID has $37.5M in the bank which includes what is projected to come in tax collections. Subtract $33.2M from that (what is already committed plus projected expenses) which leaves $4.3M in unencumbered funds. Looking at the CCID’s Future Life (i.e. – extension), the CCID has $43.6M in projected revenue. Subtract $14.2M for projected expenses and this leaves the CCID with $29.4M in available funds. When adding the available funds together ($4.3M + $29.4M), it comes to $33.7M. Ms. Rivers went through the financials modeling spreadsheets which showed the CCID operating in the black in each year. She reiterated that the numbers are conservative and also assumes that the CCID stays at 5 mils. Ms. Rivers summarized her presentation and concluded how the CCID is doing: On the positive side:

• Successfully delivering the current work program ($150M worth of improvements from 2011 - 2018)

• Because so many existing projects are so advanced, they are well positioned to leverage outside funding

• We are even more aware of our financial situation due to the forecast model On the negative side:

• Effectively out of money for any new projects • Effectively out of time to deliver any new projects in this term (takes 3-10 years to deliver) • Not positioned to leverage outside money for new projects since they’re only conceptual

Ms. Rivers concluded her presentation by asking Board members “What do you want to do?” Should we just finish out the existing work program or are there additional needs to tackle? If the Board wants to do more, it must make decisions on what they would like to do with the opportunities and constraints of time and money. Board members thanked Ms. Rivers for the great Prezi.

III. SETTING THE STAGE Cobb Commission Chairman Tim Lee was the next presenter and discussed his goals as it relates to the CCID. He began by pointing out that the top commercial investors in the area expect a return on their investment by being able to attract the type of knowledge-based companies and workforce that is increasingly critical to the health of a market. Chairman Lee went on to discuss his vision of workforce development in Cumberland and how to address those changing needs. The CCID has a tremendous workforce and there are major employers within the area. However, Cobb County as a whole has more jobs than workers which means a significant amount of people are imported each day. Additionally, 60% of Cobb County’s workforce leaves the County each day. Workforce has a tremendous impact on Economic Development which is a major focus for the Chairman. Economic Development is the expansion of existing businesses for more jobs and the recruitment of new jobs. Cobb’s Competitive EDGE is the county’s means to that end. EDGE targets specific industries that will position the County for growth over the next few years. What is the workforce needed for that growth and how does Cobb County’s workforce correlate with that? Cobb County has a highly educated workforce, but unless the County adds more of the type of integrated residential developments and knowledge


jobs that people want, people will leave, just as 60% are doing now. The County needs to grow existing employment by attracting a new type of individual, specifically Millennials, who were generally born between 1980 – 1999. Millennials have different attitudes on how they want to live their lives. For the CCID to be successful and attract them, it must do better by adding a different type of residential component. That residential component will grow the retail and services that support it. This all leads to the type of community Millennials are demanding now and into the future; walkable communities. As importantly, how do improvements to the office market dynamics fit into that mix? Specifically, what will it take to raise commercial rents in Cumberland? What does the CCID area need to do in order to be a premier market to attract these workers, jobs and higher rents? Is it transit, more density, theater, etc.? The Braves acted as a catalyst for this area. What else does the business community need and demand in order to grow and thrive, as opposed to what elected officials assume you need? As a leadership group, the CCID and the County need to work together with top investors and stakeholders in the area to make sure they are getting the value they need from their investment. The CCID should continue to be the leader and define the Cumberland area. Chairman Lee suggested that the CCID should extend its life, but develop a rationale as to why commercial investors should contribute at the highest financial level possible. Perhaps the CCID should engage in planning how businesses in the area can have a more profitable bottom line by determining if there is anything that the County should be doing to help grow the area. Chairman Lee went on to discuss transit and technology as primary examples of business’ needs. Does Cumberland have the technological infrastructure as well as transit infrastructure to fill Millennial’s needs? He stated this community is ready for transportation options and it is more than just BRT. What are the CCID membership needs? What is being done long term in the CCID to keep the CCID thriving? Chairman Lee concluded his remarks by stating that the County is working on a comprehensive transportation package to meet the area’s mobility needs; particularly as it relates to the new stadium. There will be opportunities for the CCID to get involved in projects that will help transition this area into a live, work, and play community in order to attract the workforce and corporate presence he previously described. These projects will be brought to the CCID over the course of the next two years and will require funding. He stated, however, that he is unable to discuss the specific package of projects at this time. The County would very much appreciate the CCID participating in funding these projects and to please know that this discussion is coming. He again suggested that the CCID’s commercial investors need to be comfortable with their investment and know what it will leverage. Board members thanked Chairman Lee for his comments.

IV. DISCUSSION Mason Zimmerman began the Board discussion by stating that the CCID must extend into another term due to the impact the Braves will have on this submarket. However, he suggested that the CCID first consider de-committing or reprioritizing existing project commitments that would help free up some of the $4.3M for other uses. He added that prioritizing the money and maximizing the leverage should come first. He stated that there is a significant financial burden on the property owners (the new Special Services Tax District)


and the CCID should be mindful of this. He suggested that the area needs to be better promoted, including messages to Millennials that Cumberland has everything they need. Chairman Leithead stated that it’s the role of the CCID to communicate value to the commercial investors. However as a service to investors, the CCID may want to spend some time finding out what the CCID can do, or invest in, to make the area more appealing to Millennials, and therefore, its commercial investors. Chairman Leithead stated that the CCID’s role is not to market to Millennials, but the CCID could fulfill a role of identifying those gaps as it relates to corporate investors. While the County and the Braves are working jointly on projects and the Chamber and EDGE market the projects, the CCID facilitates the project delivery system. These roles should cover all of the organizational needs. Mike Plant stated that the Braves are sensitive to the fact that Chairman Lee is getting publicly and privately criticized. He added that at the end of the day, the Braves will have a huge investment in this partnership; $900M into the ballpark and mixed use development. Mike Plant expanded on Chairman Lee’s comments on the impending package of transportation projects by stating that the Braves must first complete their parking plan before the plan is made public. He went on to state that as a top investor in the community - and the area’s largest in the very near future – the Braves are already comfortable that their CCID investment is doing great things for the entire area. He agreed the CCID must extend. Cobb Chamber President David Connell provided additional context; that Cumberland is part of the larger northwest corridor and impacts those growth opportunities. He suggested that the CCID may want spend some time understanding what attracts Millennials as well as commercial growth as that impacts the whole corridor. Bob Voyles noted that transit is the largest missing link for the area. He also agreed that the CCID needs to do a better job of promoting Cumberland. He reiterated the suggestion of doing a study to determine how Cumberland can become a more desirable work place. He suggested talking to Millennials to help identify what this workforce wants. Although the CCID has a specific role to play, it should be better tuned in on how to build a 21st century environment. There is a real competition now, and in the future, for this workforce and the CCID should more actively contribute. He also agreed that the CCID must extend its life but should do so by making a case for extension that is solution/goal-oriented with a supplemental work program. There was additional discussion regarding the desire to create a more walkable community. A component of this, enhancing the trail connectivity, was also discussed. To that end, Mr. Voyles stated that he, Mr. Zimmerman, and Mr. Teague will come back to the Board next month with an outline on what the steps could be taken to implement more trail connectivity. Ms. Rivers asked for clarity regarding the board members’ desires for the CCID to be more actively engaged in economic development and promotional initiatives. She stated that the CCID’s policy and position all along has been to not be all things to all people. Should the CCID’s engagement be through policies and


procedures that support connectivity and transportation infrastructure, or through policies and procedures that support economic development; a role the CCID has traditionally not pursued? For instance, given the existing organizational fabric in the community, is it for the CCID to determine what goes into raising commercial rents, or is it for the Chamber/EDGE to do so while the CCID plays a supporting role? Ms. Rivers asked for further discussion and clarity. There were a variety of comments that supported both views. Chairman Lee suggested that talking to commercial investors and companies who want to hire Millennials should be the first step to understanding the community’s needs. Commissioner Bob Ott suggested that Cumberland needs a more robust marketing package and encouraged the CCID to continue investing in aesthetic enhancements. Mr. Connell added that Cobb’s Competitive EDGE has two big parts; the product and the marketing of the product. Competitive EDGE could create a partnership between the County and CCID to market the product; Cumberland. Chairman Leithead stated that if there is product creation and subsequent marketing, the CCID’s specialty is in the product creation. However, the CCID could support the marketing by funding focus groups and other services. Chairman Leithead agreed that the CCID should pursue a more robust partnership with EDGE to better market Cumberland. Mr. Zimmerman provided ideas of specific projects he would like to see prioritized and acted on:

• Windy Ridge bridge enhancements • Bike facilities between the Braves development and the Bob Callan Trunk Trail • Circulator enhancements • Comprehensive wayfinding • Pedestrian bridge • Managed lanes access • Funding set asides for matching grants and the un-knowns

Ms. Rivers responded by reiterating the message of her earlier presentation; that in order to do any of this, the CCID needs time (life extension) and money (subsequent revenue generation), neither of which the CCID has as this point. She elaborated that CCID staff can prioritize all the ideas that Mr. Zimmerman mentioned above, but it will be in the millions of dollars which currently the CCID does not have, nor the 3 – 10 years it would take to deliver them given that the Board has not acted on extension. Board members agreed with Ms. Rivers’ assessment that extending the CCID’s life is necessary, then turned their attention toward making that case. Property owners will want to see a plan for the next life. They discussed creating a “white paper” that would make the case and include the projects Mr. Zimmerman mentioned, the ones Chairman Lee alluded to, as well as other projects. Board members noted that there also are likely more projects that will be identified over the course of the year. The CCID will start this process knowing it will develop overtime. Assuming it is indeed necessary to identify the goals over the next few years in order to make the case for extension and provide comfort to property owners, then this is the direction the CCID will take. Board members agreed that the existing available funds will, for all intents and purposes, be spent on completing existing projects and that additional projects will require additional revenue.


As to the timing of voting on extension, they were unsure as to when this should take place. There will have to be a vote of the Caucus of Electors to extend. Once commercial property owners (specifically Board members) are comfortable with the “white paper” and have also agreed on the millage rate, the Caucus of Electors will be called to extend for a sixth term (2018-2024). The Board further discussed the pros and cons of a vote taking place in spring 2015, fall 2015, or spring 2016. They also discussed community forums (i.e. – a First Monday Breakfast) to help communicate the need for the extension.

Bob Voyles noted some action items: • Work with the County and/or Chamber to produce a survey or study to determine how Cumberland can

be a more desirable place to work for the next generation work force. This would give the County a roadmap and specific initiatives to pursue. It would also help the CCID build a case for the next extension and help the CCID tailor infrastructure improvements that encourage 21st century live, work, and play community.

• Develop a 6 year work program to make the case for extension and show how new revenues would be spent. It should be goal/solution oriented with a project list that plays a supporting role to the document.

• Determine a marketing plan and messaging for the area. Ms. Rivers summarized the priorities that came out of the day’s retreat: 1. Heeding Chairman Lee’s request, a study to determine what goes into raising commercial property rents

in the Cumberland market. This will inform County policies as well as identify capital improvements for the CCID’s next work program

2. Create a “white paper” document outlining what the CCID’s next life will accomplish with a supplemental list (internal at this point), will help identify what particular projects might be. Have the info ready prior to a Fall Caucus of Electors to show the value the CCID brings to its investors.

3. Show enhanced marketing and communications efforts. Ms. Rivers noted that she has the information she needs to put together a skeleton that would help CCID staff form these documents. Some will be done internally, but some would require some analysis that an outside firm would provide. Ms. Rivers should have elements ready by the next Board meeting. Chairman Leithead would like for Ms. Rivers to work with the Chamber to explore ways for the CCID to have a more substantial relationship with EDGE in terms of marketing and economic development (aspects of what EDGE is doing) and see what the CCID can do to help support that effort. Ms. Rivers asked Board members what they would like to see at the next Retreat. Board members liked the format of this Retreat and were provided with the information they needed. Moving forward the next Retreat will be different due to the County’s project list and whether membership voted to extend or not. Chairman Leithead thanked Chairman Lee, Commissioner Bob Ott, Ms. Rivers and staff for a great Retreat. Cobb Commission Chairman Lee thanked CCID Board members for a good discussion and this is the leadership that determines the direction of this area. He went on to thank the Board for the partnership.


V. OTHER BUSINESS/ADJOURN

The next board meeting is scheduled for the same location on February 26, 2015 at 7:30 a.m. There being no further business, the meeting was adjourned at 12:27 p.m.


________________________, 2015

_______________________Secretary

MEETING MINUTES CUMBERLAND COMMUNITY IMPROVEMENT … · the final gap piece for the next extension...

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