FLORIDA ATLANTIC RESEARCH AND DEVELOPMENT AUTHORITY. Board of Directors Meeting Minutes FAU Boulevard, #400, Boca Raton, FL 33431

Transcription

1 e fi. AT FLORIDA ATLANTIC " 6J UNIVERSITY" FLORIDA ATLANTIC AND DEVELOPMENT AUTHORITY Board of Directors Meeting Minutes 3651 FAU Boulevard, #400, Boca Raton, FL February 12, 2014 at 8 AM Vice Chair Rosetto called the meeting to order at 8.02 am. Members present Lonnie Maier Bruce Rosetto Michael Daszkal Roxanna Trinka Bob Swindell Bob Parks John Newcomer Chair Vice Chair Treasurer Member Member Member Member arrived at am arrived at 8.05 am Staff present: Others present: Andrew Duffell, President & CEO Freddy Perera, General Counsel Christine Burres, Director of Operations Jonathan Grabis, Intern Joel Herbst, Ed.D., FAU; Evan Brovenick, DermX; Kathy Koch, Ambit; Clara Bennett, BRAA; Janet Sherr, BRAA; Susan Caruso, Sunflower Creative Arts; Jennifer Ligeti, Sunflower Creative Arts; Bill Epstein, Sunflower Creative Arts; Russell Greene, ARC of Palm Beach County; Mike Walters, Avison Young; Meade McCoy, Sunflower Creative Arts; Daniella Orias, Sunflower Creative Arts; Edgar An, FAU; Brett Greenberg; Boca Aviation; liysia Shattuck, Sunflower Creative Arts; Bob Salmore, ARC of Palm Beach County; Greg Martin, Avison Young; Keith O'Donnell, Avison Young; Paula Ryan, ARC of Palm Beach County; Jaime Greenberg, Sunflower Creative Arts; Alane' Foster, ARC of Palm Beach County. Swearing in of new Member Vice Chair Rosetto administered the oath of office to Dr. John Newcomer who was appointed to the Board by FAU Interim-President Dennis Crudele on January 6, Page 1 of6

2 On being duly sworn, Dr. Newcomer took his place as a Member of the Board of Directors of the Florida Atlantic Research and Development Authority. Additions, deletions, substitutions to the agenda Mr. Daszkal proposed re-ordering items IV and VII to after item VIII. Motion to re-order by Mr. Daszkal, and seconded by Mr. Swindell. The motion passed 6-0, with one Member absent. Approval of the minutes Vice Chair Rosetto asked if the Members had had the opportunity to review the minutes. There being no additions or changes to the minutes, he asked for a motion to approve the minutes as presented. A motion to approve the minutes of the December 12, 2013 meeting was made by Mr. Swindell, and seconded by Ms. Trinka. The motion passed 6-0, with one Member absent. Treasurer's report Mr. Daszkal reviewed the financial statements for the month of December 2013, reporting that expenses were in line with budget. Motion to approve the Treasurer's report made by Ms. Trinka, and seconded by Dr. Parks. The motion passed 6-0, with one Member absent. Chair's report Chair Maier arrived after Mr. DaszkaJ's report. Vice Chair Rosetto turned the meeting over to her chairmanship. She began her report. Chair Maier informed the Members that the CEO of People's Trust, the Research Park tenant in Deerfield Beach, Mr. Michael Gold, passed away in January She reported that the main investor in the company, Mr. George Schaeffer has moved from California to take over leadership of the company. She also reported that People's Trust has made significant progress in renovating the building in Deerfield Beach, and is preparing the southern portion of the land it leased for parking and a new building. Chair Maier congratulated Mr. Swindell for being reappointed to the Board by the Broward County Commission in November Lastly, Chair Maier informed the Board that construction has now begun on the 1-95 interchange at Spanish River Boulevard. General Counsel's report Mr. Perera informed the Board that he has been working with Mr. Duffell to resolve two outstanding issues related to Enterprise Development Corporation and Caffeine Spaces' failure to pay their rent. He is seeking a solution and will confer further with Mr. Duffell in the days ahead. President's report Page 2 of 6

3 Mr. Duffell informed the Board that the Florida Atlantic Research and Development Authority (FARDA) has officially assigned its interest in the Purchase & Sale Agreement with Doyle for the old Alumiglass building to FAU. He is now negotiating a Memorandum of Understanding with FAU regarding the partnership between the Research Park and the University on the operation of that building once it is acquired by the University. Mr. Duffell reviewed the attendance of the Members for Ms. Trinka attended 617 meetings in 2013 Mr. Daszkal attended 517 meetings in 2013 Mr. Rosetto attended 517 meetings in 2013 Mr. Swindell attended 617 meetings in 2013 Dr. Parks attended 6/7 meetings in 2013 Ms. Maier attended 717 meetings in 2013 Dr. Rosson, FAU's appointee in 2013 attended 717 meetings Mr. Duffell distributed copies of the draft strategic plan, and reviewed its contents for the Members. He sought approval, but consensus was for Members to review thoroughly and discuss approval at the next meeting. Mr. Duffell reviewed the new system of incubation at the Technology Business Incubator (TBI), and the creation of the Council of Advisors that will make recommendations about the graduation of companies in the TBI. Mr. Duffell also reviewed some of the media coverage the Research Park has earned. In early January Bloomberg published an article in which Mr. Duffell was quoted about older Americans starting their own companies. That mention was picked up by worldwide media, and earned the Research Park more than $700,000 worth of coverage. Election of officers Mr. Daszkal nominated Mr. Rosetto as Chairman. Dr. Parks seconded. Motion to elect Mr. Rosetto as Chairman of the Florida Atlantic Research and Development Authority made by Mr. Daszkal, and seconded by Dr. Parks. The motion passed 6-0, with Mr. Rosetto abstaining. Mr. Swindell nominated Dr. Parks as Vice Chairman. Ms. Trinka seconded. Motion to elect Dr. Parks as Vice Chairman of the Florida Atlantic Research and Development Authority made by Mr. Swindell, and seconded by Ms. Trinka. The motion passed 6-0, with Dr. Parks abstaining. Ms. Maier nominated Mr. Daszkal as Treasurer. Ms. Trinka seconded. Page 3 of6

4 Motion to elect Mr. Daszkal as Treasurer of the Florida Atlantic Research and Development Authority made by Ms. Maier, and seconded by Ms. Trinka. The motion passed 6-0, with Mr. Daszkal abstaining. Chairman Rosetto assumed his position as Chairman of FARDA, and Ms. Maier turned the gavel over to him. Chairman Rosetto presented Ms. Maier with a plaque in appreciation for her service and achievements as Chair. Old business None. New business Ms. Maier, one of the Board's appointees to the Maintenance Association's Architectural Review Committee (ARC), informed the Board that the ARC reviewed the architectural drawings prepared by the Boca Raton Airport Authority (BRAA). FAU's appointees had questions related to the access and electrical connections to the building and to the Alumiglass building. These questions were satisfactorily addressed by BRAA. Motion to approve resolution 14-1 made by Mr. Swindell, and seconded by Ms. Trinka. The motion passed 7-0. Sunflower Creative Arts' White Paper was reviewed by Mr. Duffell. The Board was informed that the TRAC' recommendation was to not approve by a vote of 6 against and 3 not voting. Dr. Parks stated his objection to the proposed use because of a lack of legitimate research connection to FAU. Chairman Rosetto invited Ms. Ligetti of Sunflower Creative Arts to make a five minute presentation. Public comment was made as follows: Dr. Joel Herbst, Assistant Dean, College of Education at FAU opposed to Sunflower's presence in the Research Park. Reasons outlined in his letter to the Board dated February 3, Mr. Perera raised stated that the legal threshold for any tenant is an affiliation with an affiliation with a state-based institute of higher education to meet the requirement for consideration for tenancy. Ms. liysia Shattuck stated her support for Sunflower Creative Arts' proposal to locate in the Research Park. Mr. Mike Walters stated his support for Sunflower Creative Arts. FAU's opposition. He is frustrated with Mr. Keith O'Donnell stated his support for Sunflower Creative Arts and encouraged to seek education partners. FAU Page 4 of6

5 Ms. Alane Foster, President of the ARC of Palm Beach County expressed Sunflower's proposal. support for Public comment cards are attached to these minutes. Further discussion ensued among Board members, and questions were raised: The statutory hurdle of affiliation with FAU has to be met - has it? What could the research connection be with FAU? Is there any fundable research possibility? How long is the waiting list at Slattery? How long has Slattery had a waiting list? What are the needs of the Research Park tenants' children? Is there an unmet need for early childhood education? Would Sunflower create a benefit for the Research Park? What would the traffic impact of 44 additional children/families on FAU Boulevard be? Security concerns - safety, evacuation What could aiternate uses of the ARC be? The Board directed Mr. Duffell to find answers to these questions, working with FAU and Sunflower, and bring answers back within two weeks. The Board set a date of March 1ih at 8 am for a special meeting to consider this issue again. Motion to table the review of Sunflower Creative Arts' White Paper until March 12 th, 2014 made by Mr. Daszkal, and seconded by Ms. Trinka. The motion passed 7-0. DermX White Paper was reviewed by Mr. Duffell. He reminded that Board that this White Paper had been approved in 2012 but the approval lapsed. The company is better prepared now, and ready to join the Research Park. TRAC's recommendation was positive previously, and Mr. Duffell recommended approval. Motion to approve resolution 14-2 made by Dr. Newcomer, and seconded by Ms. Trinka. The motion passed 7-0. Mr. Duffell asked the Board to add an item to the agenda Airport Authority. that related to the Motion to add an item to the agenda to consider another request from BRAA was made by Ms. Maier and seconded by Ms. Trinka. The motion passed 7-0. Mr. Duffell informed the Board that gopher tortoises were previously removed from the BRAA property, with permits. Tortoises are again getting close to the BRAA fence line and cannot be within 25 feet of that line when construction Page 5 of6

6 begins. BRAA has asked FARDA for permission to erect a silt fence on FARDA's land, at no cost to FARDA, in order to stop the tortoises encroaching closer to the BRAA site. Mr. Duffell recommended granting the request. Motion to approve BRAA's request made by Mr. Swindell, and seconded by Ms. Maier. The motion passed 7-0. Adjourn There being no other business Chairman asked for a motion to adjourn the meeting at 9.20 am. Motion to adjourn the meeting of the Board of Directors of the Florida Atlantic Research and Development Authority was made by Ms. Trinka, and seconded by Ms. Maier. The motion passed )( :)/ L\ r: ArpM p Page 6 of6

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