STATE ECONOMIC RECOVERY BOARD FOR CAMDEN

Special Meeting

November 19, 2002

MINUTES OF THE MEETING

Members of the Board present: State Treasurer, John E. McCormac, Chairman; Tonio Burgos representing the EDA Chair; Chief Operating Officer Randy Primas; Christine T.J. Tucker representing Mayor Gwendolyn Faison; City Council President Angel Fuentes; Marge Della Vecchia representing Commissioner Susan Bass Levin and Freeholder Director Jeffrey Nash; Public Members; Daniel Dalton, William Hosey, Robert Milner, Reverend J.C. Jones, Rosa Ramirez and Rodney Sadler.

Also Present: Caren S. Franzini, Executive Director of the New Jersey Economic Development Authority; Michael Heningburg, Asst. Counsel, Governor's Authorities Unit; Bette Renaud, Deputy Attorney General.

Chairman John McCormac called the meeting to order at 4:00 p.m.

In accordance with the Open Public Meetings Act, Ms. Franzini announced that notice of this meeting has been sent to the Star Ledger, the Times, the Courier Post and the Philadelphia Inquirer at least 48 hours prior to the meeting, and that a meeting notice has been duly posted on the Secretary of State's bulletin board at the State House.

MINUTES OF BOARD MEETING

The first item of business was the approval of the October 25, 2002 minutes of the Board. MOTION TO APPROVE: Mr. Primas. SECOND: Mr. Sadler. AYES:13

The next items were the appointment of Secretaries and Election of Officers. A nomination to elect Reverend Jones as Vice Chairman was made by Ms. Della Vecchia.
MOTION TO APPROVE: Mr. Sadler SECOND: Mr. Primas AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 1

A nomination to elect Mr. Burgos as Treasurer was made by Mr. Primas.
MOTION TO APPROVE: Mr. Hosey SECOND: Mr. Milner AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 2

A nomination to elect Commissioner Susan Bass Levin as Secretary was made by Mr. Primas.
MOTION TO APPROVE: Mr. Burgos SECOND: Mr. Milner AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 3

The next item presented was the ratification of the Chairman's appointment of Committee Members and Asst. Secretaries.
MOTION TO APPROVE: Mr. Burgos SECOND: Mr. Hosey AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 4

The next item presented was the approval of amendments to the articles of the by-laws relating to the membership of the committees.
MOTION TO APPROVE: Mr. Burgos SECOND: Mr. Sadler AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 5

The next item presented was the acceptance of Loan from the EDA for costs related to plan preparation and implementation.
MOTION TO APPROVE: Mr. Burgos SECOND: Mr. Milner AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 6

The next item presented was the selection of Hammer Siler George Associates Inc. as professionals to prepare Strategic Revitalization Plan/Capital Improvement-Infrastructure Plan.
MOTION TO APPROVE: Mr. Burgos SECOND: Mr. Fuentes AYES: 13 RESOLUTION ATTACHED AND MARKED EXHIBIT 7

A presentation was made by Betsy Russell, Executive Director of the Camden Lutheran Housing Corporation, on its housing development projects.

A presentation was made by Joseph Balzano, Executive Director of the South Jersey Port Corporation, on existing port businesses and planned developments.

Chairperson McCormac opened the meeting to the public for any comments.

There being no public comments or further business, on a motion by Mr. Burgos, and seconded by Mr. Fuentes, the meeting was adjourned at 4:45 p.m.

Certification: The foregoing and attachments represent a true and complete summary of the actions taken by the New Jersey Economic Development Authority at its meeting.

Caren S. Franzini, Executive Director, EDA
Asst. Secretary, ERB