Iberia Economic Development Authority Board of Commissioners public meetings in 2023
16 substantive meetings from 2023, with official agendas or minutes and plain-English summaries.
Iberia Economic Development Authority Board of Commissioners
The Board will consider a resolution regarding a potential lease agreement with First Solar, Inc. to be discussed at the January 19, 2024 meeting. Other items include authorizing bond counsel and receiving updates on the Business Park and economic development.
- Introduction of resolution for a potential Lease Agreement with First Solar, Inc.
- Authorization for Chairman to sign engagement letter with Foley and Judell, L.L.P as bond counsel
- Approval of Louisiana Systems Compliance Questionnaire
- Business Park and Funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board approved a resolution to enter into a lease agreement with First Solar, Inc. and hired Foley and Judell as bond counsel. The board also approved the 2024 meeting dates and a compliance questionnaire for auditing purposes.
- Approved November 2023 meeting minutes (unanimous)
- Approved proposed 2024 meeting dates (unanimous)
- Approved Louisiana Systems Compliance Questionnaire (unanimous)
- Passed resolution to enter into Lease Agreement with First Solar, Inc. (Migues abstained)
- Passed resolution declaring intention to enter into Lease Agreement and prepare notices (Migues abstained)
- Approved agreement with Foley and Judell to act as bond counsel (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will review October 2023 financials and previous meeting minutes. Mike Tarantino will also provide updates regarding the Business Park, funding, and economic development.
- Acceptance of October 2023 financials
- Business Park and Funding update
- Economic Development update
The Board approved the October 2023 meeting minutes and financial reports. Commissioners authorized Chairman Cecil Hymel to sign option agreements and pay the associated costs to purchase property for the expansion of the business park.
- Approved October 2023 meeting minutes (unanimous)
- Approved October 2023 financials (unanimous)
- Approved expansion of the agenda to discuss property options (unanimous)
- Authorized Chairman Cecil Hymel to sign property option agreements and pay option costs (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board will meet to approve minutes from two September meetings and September financials. They will discuss rescheduling the November regular meeting from November 17 to November 10. Mike Tarantino will provide updates on the Business Park and Funding, as well as an Economic Development update. No major funding decisions or project approvals are on the agenda.
- Acceptance of minutes from September 27 special meeting and September 29 regular meeting
- Acceptance of September 2023 financials
- Discussion and possible action to move November regular meeting from Nov 17 to Nov 10
- Business Park and Funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board unanimously approved the September meeting minutes and financial reports. Members rescheduled the November regular meeting to November 10, 2023. Staff provided updates on the First Solar project, Delta Bio Fuels construction, and a new road at the Acadiana Regional Airport.
- Approved September 27, 2023 special meeting minutes (unanimous)
- Approved September 29, 2023 regular meeting minutes (unanimous)
- Approved September 2023 financials (unanimous)
- Moved November regular meeting to Friday, November 10, 2023 (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will review the August 2023 meeting minutes and financial statements. The agenda also includes updates regarding the Business Park, funding, and economic development.
- Acceptance of August 2023 financials
- Business Park and Funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board of Commissioners unanimously approved the meeting minutes and financial reports for August 2023. Members received updates on the BioInnovation Center, business park expansion, and the First Solar USA-5 project.
- Approved August 2023 meeting minutes (unanimous)
- Approved August 2023 financials (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will consider a resolution regarding an agreement with First Solar, Inc. or related companies. The resolution involves reimbursing costs from bond proceeds for engineering services related to a water treatment plant at Acadiana Regional Airport.
- Resolution for reimbursement of engineering services via bond proceeds
- Proposed First Solar NAT-01 solar panel manufacturing facility at Acadiana Regional Airport
The Board passed a resolution allowing the Chairman to sign an agreement with First Solar, Inc. This agreement ensures the IEDA will reimburse First Solar from bond proceeds for funds advanced toward engineering services for a required water treatment plant.
- Passed Resolution 09-2023-01 to authorize reimbursement of First Solar, Inc. for water plant engineering services
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will review July 2023 financials and consider moving the September meeting date to September 29th. The Commission will also discuss a proposal to increase the IEDA attorney's hourly rate from $125.00 to $175.00.
- Proposed increase of IEDA attorney’s hourly rate from $125.00 to $175.00
- Proposal to move September meeting date to September 29th
- Business Park and Funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board approved an increase in the IEDA attorney's hourly rate and rescheduled the September meeting. Financials and previous meeting minutes were also approved.
- Approved increase of IEDA attorney hourly rate from $125.00 to $175.00 (unanimous)
- Approved moving September meeting date from September 22 to September 29 (unanimous)
- Approved July 2023 meeting minutes (unanimous)
- Approved August 1, 2023 special meeting minutes (unanimous)
- Approved July 2023 financials (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board of Commissioners is holding a special meeting on August 1, 2023. The agenda includes public comments and a discussion of USA Project 5. No votes or decisions are scheduled; the item is listed only for discussion.
- Discussion of USA Project 5 (no further details provided in the agenda)
The Board unanimously approved a resolution to enter into a Payment in Lieu of Taxes (PILOT) agreement for the USA-5 project. This includes an 80% tax abatement for 20 years and $10 million in bonds for a water plant and related facilities, contingent upon further approvals and negotiations.
- Approved Resolution 08-01-2023-01 to enter into a PILOT Agreement for project 'USA5' (Unanimous)
- Committed to an 80% abatement of ad valorem taxes on building and equipment for 20 years (Unanimous)
- Committed to funding $10 million for a water plant and related facilities via Bonds secured by PILOT payments (Unanimous)
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will hold a special meeting to discuss USA Project 5. No other items are listed on the agenda.
- Discussion of USA Project 5
The Board approved the June 2023 meeting minutes and financial reports. Two resolutions were passed to allow the chairman to sign documents for state funds related to the State Visitor Enterprise Funds and State Capital Outlay. Michael Tarantino provided updates on the Bio-Innovation center and the USA-5 project.
- Approved June 2023 meeting minutes (unanimous)
- Approved June 2023 financials (unanimous)
- Passed Resolution 07282023-01 authorizing chairman to sign for State Visitor Enterprise Funds (unanimous)
- Passed Resolution 07282023-02 authorizing chairman to sign for State Capital Outlay funds (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board will hold a routine meeting including call to order, roll call, public comments, and acceptance of minutes and financials for May 2023. The main substantive items are updates from Mike Tarantino on the Business Park and Funding and on Economic Development. No specific decisions, proposals, or dollar amounts are listed on the agenda.
- Acceptance of minutes from May 2023 meeting
- Acceptance of financials for May 2023
- Business Park and Funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board of Commissioners unanimously approved the meeting minutes and financial reports for May 2023. The board received updates on funding for Progress Point and the Bio Innovation Center.
- Approved May 2023 meeting minutes (unanimous)
- Approved May 2023 financials (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board will hold public hearings and consider resolutions to adopt the amended 2022-2023 operating budget and the proposed 2023-2024 operating budget. The board will also discuss authorizing the chairman to sign an audit engagement letter with P&N for the fiscal year ending June 30, 2023, and receive updates on the Business Park and economic development.
- Public hearing and vote on amended 2022-2023 operating budget
- Public hearing and vote on proposed 2023-2024 operating budget
- Resolution to adopt amended 2022-2023 operating budget
- Resolution to adopt proposed 2023-2024 operating budget
- Authorize chairman to sign audit engagement letter with P&N for FY ending June 30, 2023
The Board of Commissioners unanimously approved the amended operating budget for 2022-2023 and the operating budget for 2023-2024. The board also authorized a financial audit for the fiscal year ending June 30, 2023. April 2023 meeting minutes and financials were approved.
- Adopted amended 2022-2023 operating budget (unanimous)
- Adopted 2023-2024 operating budget (unanimous)
- Approved April 2023 meeting minutes (unanimous)
- Approved April 2023 financials (unanimous)
- Authorized Chairman to sign audit engagement letter with Postlethwaite & Netterville (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority has announced a public hearing regarding its proposed operating budget for the 2023-2024 fiscal year. The meeting will take place on May 19, 2023, at 7:30 a.m. at the authority's office.
- Proposed total income of $2,492,825.00
- Proposed total expenses of $2,492,825.00
- Planned property development expenses of $2,350,025.00
- Progress Point Capital Outlay income of $2,105,800.00
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board will consider and possibly approve Resolution 04282023-01, which authorizes Amendment #1 to the Owner-Engineer agreement with Berard, Habetz & Associates for project 50-NPD-12-01. The board will also accept minutes and financials from March 2023, discuss moving the May meeting date, and receive updates on the business park and economic development.
- Resolution 04282023-01 to approve Amend #1 to Owner-Engineer agreement with Berard, Habetz & Associates for project 50-NPD-12-01
- Acceptance of minutes from March 2023 meeting
- Acceptance of financials for March 2023
- Proposal to move May meeting to May 19, 2023
- Business Park and funding update from Mike Tarantino
The Board approved a payment amendment for engineering services related to the Progress Point Business Park and Airport Gateway project. The board also approved March 2023 financials and rescheduled the May meeting.
- Approved March 2023 meeting minutes (unanimous)
- Approved March 2023 financials (unanimous)
- Approved Resolution 04282023-01 to increase Berard, Habetz & Associates, Inc. contract by $1,615.00 for project 50-NPD-12-01 (unanimous)
- Changed May meeting date from May 26th to May 19th (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Board of Commissioners will review February 2023 minutes and financial reports. The meeting includes a discussion on a contract payment to Berard, Habetz and Associates and updates regarding the Business Park and economic development.
- Resolution #03242023-01: $736.72 contract payment to Berard, Habetz and Associates
- Business Park and funding update from Mike Tarantino
- Economic Development update from Mike Tarantino
The Board approved the February 2023 meeting minutes and financial reports. Commissioners authorized a payment to Berard Habetz & Associates for sewer line construction at Progress Point Business Park. Staff provided updates on the Bio Innovation Center and business park economic indicators.
- Approved February 2023 meeting minutes (unanimous)
- Approved February 2023 financials (unanimous)
- Approved Resolution 03242023-01 to pay Berard Habetz & Associates $736.72 for sewer line construction at Progress Point Business Park (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority Board of Commissioners received notification that punchlist items dated February 8, 2023, for the Progress Point Business Park and Airport Gateway project have been satisfactorily completed. This item was communicated by Chairman Cecil Hymel to the project manager.
- Completion of punchlist items for Progress Point Business Park and Airport Gateway (FP&C No. 50-NPD-12-01)
The Board approved payments for sewer line construction and professional services related to the Progress Point Business Park. Commissioners also accepted the FY ending 6/30/22 audit and AUP reports. Discussions were held regarding the Bio Innovation Center and the Parish’s Airport Access Road project.
- Approved January 2023 meeting minutes (unanimous)
- Approved January 2023 financials (unanimous)
- Approved $64,244.53 payment to Boeuf Built, LLC for sewer line construction (unanimous)
- Approved acceptance of substantial completion of sewer line work by Boeuf Built, LLC (unanimous)
- Approved $13,997.78 payment to Berard, Habetz & Associates for sewer line construction phase work (unanimous)
- Accepted audit and AUP reports for FY ending 6/30/22 (unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority will conduct an oath of office for a new Commissioner and elect 2023 officers. The board will also consider resolutions regarding a master services agreement and construction changes for the Progress Point Business Park sewer line.
- Election of Chairman, Vice Chairman, Secretary, and Treasurer
- Resolution #01272023-01: Master services agreement with C.H. Fenstermaker
- Resolution #10272023-02: 15-day construction time increase for Progress Point Business Park sewer line by Boeuf Built, LLC
- Resolution #10272023-03: Contract payment #4 to Boeuf Built, LLC in the amount of $27,359.06
- Business Park and economic development updates from Mike Tarantino
The Board approved a Master Services Agreement with C.H. Fenstermaker & Associates, LLC for Progress Point Business Park engineering. Commissioners also approved a 15-day construction extension and a $27,359.06 payment for sewer line work. The Board elected its leadership for the calendar year.
- Elected Cecil Hymel as Chairman (Unanimous)
- Elected Damon Migues as Vice Chair (Unanimous)
- Elected Fran Henderson as Treasurer (Unanimous)
- Elected Bart Romero as Secretary (Unanimous)
- Approved December 2022 meeting minutes (Unanimous)
- Approved December 2022 financials (Unanimous)
- Approved Resolution 01272023-01 for Master Service Agreement with C.H. Fenstermaker & Associates, LLC (Unanimous)
- Approved Resolution 01272023-02 for 15-day sewer line construction extension (Unanimous)
Iberia Economic Development Authority Board of Commissioners
The Iberia Economic Development Authority will hold a public hearing on a proposed amendment to its 2022-2023 operating budget, followed by a regular meeting. The amended budget shows total income of $730,244 and total expenses of $755,783, with a projected ending fund balance of $293,762.
- Public hearing on proposed amended budget for fiscal year 2022-2023
- Total income: $730,244, including $566,719 from Progress Point Capital Outlay
- Total expenses: $755,783, including $606,731 for Property Acquisition and Development
- Projected ending fund balance: $293,762 (down from $357,880)
- Regular board meeting to follow the public hearing