England Economic & Industrial Development District

THE ENGLAND ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT BOARD OF COMMISSIONERS SPECIAL CALLED SESSION OCTOBER 21, 2022

--MINUTES Page 1 The England Eco nomic and Industrial Development District met in a SPECIAL CALLED session in the England Authority Board Room, 1611 Arnold Drive, Alexandria, Louisiana on Friday, October 21, 2022 at 12:05 p.m.

Mrs. Robbyn Cooper, Chair, called the special board meeting to order.

Mrs. Cooper next called for a roll call.

There were present : Mrs. Robbyn Cooper, Chair , Mr. William Barron, Vice -Chair, Mr. Richard Bushnell, Mr. Dennis Frazier, Mr. Patrick O’Quin, Mr. Charlie Weems.

Absent: COL Katrina Lloyd, Mr. Sam Spurgeon and Mr. Zeb Winstead.

Also present were members of the England Authority staff and legal counsel: Mr. Glenn Curtis, Interim Executive Director, Mr. David Broussard, Deputy Director -Landside, Mr. Scott Gammel, Deputy Director-Airside; and Mr. John Ryland, Legal Counsel.

Chair Robbyn Cooper called for a motion to enter into Executive Session to discuss ongoing Bank of Montgomery litigation.

Motion by Mr. William Barron , second by Mr. Richard Bushnell, to enter into Executive Session to discuss ongoing Bank of Montgomery litigation.

Chair Cooper called for a roll call vote to enter into Executive Session:

Mr. Barron – Yea Mr. Bushnell – Yea Ms. Cooper – Yea Mr. Frazier – Yea COL Lloyd – Absent Mr. O’ Quin - Yea Mr. Spurgeon – Absent Mr. Weems – Yea Mr. Winstead – Absent

Yea – 6 Absent - 3

By unanimous vote, the Board of Commissioners entered into Executive Session at 12:06 p.m.

Motion by Mr. William Barron, second by Mr. Richard Bushnell, to exit Executive Session.

The Board of Commissioners exited the Executive Session at 12:42 p.m.

Motion by Mr. Dennis Frazier, second by Mr. Patrick O’Quin, to add the following motion: MOTION TO ACCEPT LATEST TERM SHEET FROM BANK OF MONTGOMERY AND AUTHORIZE COUNCIL TO EXECUTE ALL SETTLEMENT DOCUMENTS REFLECTED IN THE FINAL TERM SHEET THE ENGLAND ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT BOARD OF COMMISSIONERS SPECIAL CALLED SESSION OCTOBER 21, 2022

--MINUTES Page 2 THAT INCLUDE THE FOLLOWING THREE PRINCIPLES: THAT IS PAYMENT OF $700,000.00 UP FRONT WITH A $300,000.00 PAYMENT WITHIN 180 DAYS. BOTH SIDES WILL DISMISS ALL LEGAL CLAIMS , AND THERE WILL BE A CANCELLATION OF THE LEASE , AND THE BUILDING WILL BE RELEASED TO THE DISTRICT.

Chair Robbyn Cooper called for a roll call vote:

Mr. Barron Yea Mr. Bushnell Yea Mrs. Cooper Yea Mr. Frazier Yea COL Lloyd Absent Mr. O’Quin Yea Mr. Spurgeon Absent Mr. Weems Yea Mr. Winstead Absent

Yea – 6 Absent – 3

By unanimous vote, the motion was added to the agenda.

Motion by Mr. William Barron, second by Mr. Patrick O’Quin, to accept the latest term sheet from Bank of Montgomery and authorize council to execute all settlement documents reflected in the final term sheet that include the following three principles: that is payment of $700,000.00 up front with a $300,000.00 payment within 180 days. B oth sides will dismiss all legal claims , and there will be a cancellation of the lease , and the building will be released to the D istrict. The Chair called for any comments from the board or public. There being none, a vote was called and motion carried. 068-2022

There being no further business, Chair Robbyn Cooper adjourned the England Authority Special Called board meeting at 12:46 p.m.

Robbyn Cooper, Chair Board of Commissioners

COL Katrina Lloyd, Secretary/Treasurer Board of Commissioners