Greater  New  Orleans  Biosciences  Economic  Development  District  

Board  of  Commissioners  Meeting  
Tuesday,  January  13,  2011,  12:00  p.m.  –  1:30  p.m.    
Location:  134  LaSalle  Street,  New  Orleans,  LA  70112  

I. Call  to  Order    

II. Roll  Call    
III. Adopt  Agenda  
IV. Introduction  of  Guests  
V. Public  Input  Cards  
VI. Adoption  of  the  Minutes  
VII. Chair’s  Report  
a. Soft  Landing  Center  or  Alternative  Office  Space  
VIII. Treasurer’s  Report  
a. Financials:  November  2010    
b. Proposed  2011  Budget  
c. Tax  Increment  Financing  District  
d. Audit  
IX. President’s  Report  
a. Operations  
i. BioSummit  
ii. Board  Discussion  
b. Organizational  Funding  and  Operations    
i. Programming  Update  
1. Business  Development    
2. Workforce  Development-­‐  MOU  w/BESE  
a. BioTech  Career  Pathway  
b. Workforce  Collaborative    
c. Project  Update  
i. Master  Planning  -­‐-­‐AECOM  Alternative  Plan  Presentation  
ii. Charity  Complex  Disposition    
iii. Board  Discussion      
X. Other  Old  Business  
XI. New  Business:  Public  Comment(s)  
XII. Executive  Session  
XIII. Adjournment  

 
 Greater New Orleans
Biosciences Economic Development District (GNOBEDD)
Board of Commissioners Meeting Minutes

Date: Tuesday, November 16, 2010

Time: 10:00 a.m. – 11:30 a.m. (CST)
Location: New Orleans BioInnovation Center, Inc.
134 LaSalle Street
New Orleans, Louisiana 70112

ATTENDANCE:
- Quorum –
MEMBERS PRESENT

Dr. Gene D’Amour (via teleconference) Xavier University

Mr. Harold Gaspard (via teleconference) Delgado Community College
Ms. Yvette Jones (via teleconference) Tulane University
Dr. Larry Hollier (via teleconference) LSUHSC
Dr. Robert “Bobby” Savoie (via teleconference) Geocent, LLC
Mr. Nolan Marshall, III (via teleconference) Common Good
Dr. Wayne Riley (via teleconference) Meharry Medical College
Mr. Roger H. Ogden (via teleconference) Ogden Consulting, LLC

MEMBERS ABSENT
Mrs. Kimberly Lee Dryades Savings Bank
Mr. Henry Hays Amylin Pharmaceuticals
Dr. Patrick Quinlan Ochsner Hospital
Mr. Hal Brown Fortune Development, LLC

GNOBEDD Staff
James P. McNamara President and CEO
Bonita Robertson Special Counsel
Jaime Guillory Controller

The following is a summary of the actions taken at the Special Meeting of the GNOBEDD Board of
Commissioners, November 16, 2010:

I. WELCOME/CALL TO ORDER
a. Roll Call – 10:05 a.m.

II. ADOPT THE AGENDA

a. Change the order of the Agenda dated November 16, 2010 to move action items to
the top of the agenda.

ACTION/MOTION

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 Greater New Orleans
Biosciences Economic Development District (GNOBEDD)
Board of Commissioners Meeting Minutes

On MOTION made by Commissioner Gaspard, and seconded by Commissioner

Marshall the Board accepted the November 16, 2010 agenda.

III. PUBLIC INPUT CARDS

No public input cards were submitted.

IV. APPROVAL OF THE MINUTES - August 17, 2010

ACTION/MOTION
On MOTION made by Commissioner Gaspard, and seconded by Vice Chair Jones,
the August 17, 2010 minutes were approved with no suggested changes.

V. CHAIR’S REPORT

a. RECOGNITION OF NEW BOARD MEMBER ANDREW KOPPLIN

Chairman D’Amour recognized new board member Mr. Andrew Kopplin who serves
as First Deputy Mayor and CAO for the City of New Orleans. Mayor, Mitch
Landrieu, appointed Mr. Kopplin to the board.

b. RESOLUTION FOR DR. SANDRA ROBINSON

Chairman D’Amour introduced the Resolution to recognize Dr. Sandra Robinson for
her outstanding service and contribution to the BioDistrict’s Board of
Commissioners.

ACTION/MOTION
On MOTION made by Vice Chair Jones, and seconded by Commissioner Gaspard
the resolution for Dr. Sandra Robinson was unanimously approved.

c. QUARTERLY MEETINGS OF BOARD OF COMMISSIONERS

Chairman D’Amour proposed changing the monthly Board of Commissioners
meetings to quarterly meetings to improve attendance and productivity. The
language of the amendment to the bylaws providing for quarterly meetings was read
aloud to Commissioners.

ACTION/MOTION
On MOTION made by Commissioner Gaspard and seconded by Vice Chair Jones,
the Motion was unanimously approved.

VI. PRESIDENT’S REPORT

a. RESOLUTION TO AMEND MANAGEMENT AGREEMENT WITH NOBIC

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 Greater New Orleans
Biosciences Economic Development District (GNOBEDD)
Board of Commissioners Meeting Minutes

President McNamara proposed a one-time payment in the amount of $2,476.00

payable to New Orleans BioInnovation Center to cover additional expenses incurred
from the change in employment and transition from Alexandra Nielson to Bonita
Robertson.
ACTION/MOTION
On MOTION made by Commissioner Gaspard and seconded by Chairman
D’Amour the motion was approved with no opposition.

b. RESOLUTION TO AMEND AECOM CONTRACT BY ADDITION OF

$50,000
President McNamara proposed the shifting of $50,000 from the current funds to the
AECOM contract to allow AECOM to provide legislative services to the BioDistrict.
Vice-Chair Jones inquired about any mechanisms or contingency plans that are in
place for next year to secure funding for the BioDistrict. Mr. McNamara stated that
the purpose of the AECOM legislative services contract is to implement a Tax
Increment Financing (TIF) structure, which would allow the BioDistrict to secure a
portion of the taxes produced from the construction of both the new VA hospital and
University Medical Center (UMC). President McNamara stated that the TIF structure
is the most viable option at this point in lieu of a tobacco tax and that Dr.
Richardson’s research serves as support for the TIF structure.
ACTION/MOTION
On MOTION made by Vice-Chair Jones, and seconded by Commissioner Gaspard,
the Board approved the motion with no opposition.

VII. TREASURER’S REPORT

a. September and October 2010 Financial Statements
a. On MOTION made by Commissioner Gaspard, and seconded by Chairman
D’Amour, the Board unanimously accepted the September 2010 Financial
Statements.
b. On MOTION made by Commissioner Gaspard, and seconded by Chairman
D’Amour, the Board unanimously accepted the October 2010 Financial
Statements.
b. Affirmation of Postlethwaite & Netterville
Commissioner Marshall stated that the Board already discussed the qualifications of
the auditing firm of Postlethwaite & Netterville and the Board simply needed to
affirm that Postlethwaite & Netterville was the top rated firm based on the Finance
Committee’s grading.

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 Greater New Orleans
Biosciences Economic Development District (GNOBEDD)
Board of Commissioners Meeting Minutes

On MOTION made by Vice Chair Jones and seconded by Commissioner Gaspard,

the Board unanimously voted to affirm Postlethwaite & Netterville as the top rated
auditing firm.

c. Resolution Authorizing Contract Approval of Postlethwaite & Netterville

Commissioner Marshall introduced the resolution that allows President McNamara,
on behalf of the BioDistrict, to execute the professional services contract by and
between Postlethwaite & Netterville and the BioDistrict to perform auditing services.

On MOTION made by Commissioner Gaspard and seconded by Vice Chair Jones,

the Board unanimously voted to authorize the approval and execution of the
Postlethwaite & Netterville professional services contract.

VIII. OTHER OLD BUSINESS

Commissioner Gaspard confirmed that Board Meetings would now be held every three
(3) months on the second Thursday of the month at noon.

IX. OTHER NEW BUSINESS

None

X. EXECUTIVE SESSION
No Executive Session was held.

XI. ADJOURNMENT
MOTION was made by Vice Chair Jones to adjourn; seconded by Commissioner
Gaspard. The Board of Commissioners Meeting adjourned at 10:38 a.m.

Next Board Meeting:

January 13, 2011, 12:00 p.m. to 1:30 p.m.

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 Greater New Orleans
Biosciences Economic Development District (GNOBEDD)
Board of Commissioners Meeting Minutes

Certificate
The undersigned, Secretary of the Corporation, certifies that the above and foregoing are true and correct
minutes of the meeting of the Board of Commissioners held on November 16, 2010.

________________________________________
Mr. Nolan Marshall, III - Secretary

THIS MEMORANDUM IS SUBMITTED FOR THE PURPOSE OF SUMMARIZING THE

IMPORTANT DETAILS OF THE MEETING NOTED ABOVE AND TO CONFIRM THE
UNDERESTANDING OF THE ITEMS DISCUSSED. PLEASE READ CAREFULLY AND NOTIFY
US PROMPTLY OF ANY CHANGES OR CORRECTIONS TO BE MADE.

MinutesNovember2010.doc Page 5 of 5
 12/30/10

GNOBEDD
Statement of Activities
January 2010 through November 2010
Jan - Nov'10
Ordinary Income/Expense
Income
Direct Public Suppport
Individ, Business Contributions 41.79
Total Direct Public Support 41.79
Government Grant Revenue
Reimbursed Expenses
Reimb Rent 55,445.80
Reimb Consulting 1,121,207.00
Reimb Officers & Directors Sal 129,792.36
Total Reimbursed Expenses 1,306,445.16
Local Government Grants 133,006.00
Total Government Grant Revenue 1,439,451.16
Total Income 1,439,492.95
Expense
Salaries and Related Expenses
Payroll Taxes 8,615.37
Officers & Directors Salaries 121,176.99
Total Salaries and Related Expenses 129,792.36
Payroll Expenses 526.00
Occupancy
Rent 55,445.80
Total Occupancy 55,445.80
Operations-NonPersonnel Expense
Supplies 80.79
Postage & Shipping 21.78
Printing and Copying 31.61
Total Operations-NonPersonnel Expense 134.18
Travel and Meetings
Travel 2,707.26
Conference, Convention, Meeting 2,023.11
Total Travel and Meetings 4,730.37
Contract Services Expense
Consulting 1,122,345.52
Outside Contract Services 83.08
Total Contract Services Expense 1,122,428.60
Other Types of Expenses
Marketing Expense 17,385.06
Membership Dues-Organization 400.00
Insurance - Liability, D and O 3,408.50
Other Costs 222.74
Total Other Types of Expenses 21,416.30
Total Expense 1,334,473.61
Change in Net Assets 105,019.34

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 12/30/10

GNOBEDD
Statement of Financial Position
As of November 30, 2010
November 30, '10
ASSETS
Current Assets
Checking/Savings
Cash
Whitney-Operating 49,770.08
Total Cash 49,770.08
Total Checking/Savings 49,770.08
Accounts Receivable
Contributions Receivable
Grants Receivable 311,709.49
Total Contributions Receivable 311,709.49
Total Accounts Receivable 311,709.49
Other Current Assets
Prepaid Expenses 681.75
Total Other Current Assets 681.75
Total Current Assets 362,161.32
TOTAL ASSETS 362,161.32

LIABILITIES & NET ASSETS

Liabilities
Current Liabilities
Accounts Payable 256,143.41
Unearned/Deferred Revenue 400.00
Total Current Liabilities 256,543.41
Total Liabilities 256,543.41
Net Assets
Retained Earnings 598.57
Unrestricted 105,019.34
Total Net Assets 105,617.91
TOTAL LIABILITIES & NET ASSETS 362,161.32

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10.xls
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GNOBEDD
Budget vs. Actual
January 2010 through November 2010

Budget
Annual
YTD Budget YTD Actual Surplus/
Budget
(Shortage)

Income

Government Grant Revenue -

City Appropriation CEA 100,000 91,667 133,006 41,339

EDF Grant 50,000 45,833 - (45,833)

Operations LRA 2,400,000 2,200,000 1,306,445 (893,555)

Fundraising - - 42 42

Total Income 2,550,000 2,337,500 1,439,493 (898,007)

Expense

Officers & Directors Salaries 175,000 160,417 121,177 39,240 **  

Benefits 66,500 60,958 8,615 52,343

Legal 10,000 9,167 - 9,167

Auditing 7,500 6,875 - 6,875

Insurance 4,090 3,749 3,409 341

Marketing 30,000 27,500 17,385 10,115

Consulting 2,173,000 1,991,917 1,122,346 869,571

Occupancy 66,535 60,990 55,446 5,545

Travel, Memberships, & Misc. 10,000 9,167 6,096 3,070

Total Expense 2,542,625 2,330,740 1,334,474 996,266

Change in Net Assets 7,375 6,760 105,019 98,259

**Officers  &  Directors  Salaries:    Amount  reflects  current  billed  to  CEA  based  on  Mr.  McNamara’s  hours,  not  salary.  Mr.  
McNamara  is  paid  on  a  salary  basis  according  to  the  approved  budget;  therefore  any  budget  surplus/shortage  in  this  
area  will  be  adjusted  at  year  e  

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  GNOBEDD  General  5  Year  Budget  ProjecFon

Category YR  1 YR  2 YR  3 YR  4 YR  5 5  Yr  Total

Revenue
State  Appropria+on $100,000 $265,000 $280,000 $285,000 $290,000 $1,220,000
Founda+on  Grants   $0 $0 $0 $0 $0 $0
Other  (EDF  Grant) $50,000 $100,000 $100,000 $200,000 $200,000 $650,000
Partner  Match  (Univ&Bus) $0 $100,000 $100,000 $100,000 $100,000 $400,000
Non  Reoccurring  Revenue $2,400,000 $125,000 $127,500 $130,000 $132,650 $2,915,150
Sustainable  Revenue  Source $0 $0 $0 $0 $0 $0
Total  Program  Revenue $2,550,000 $590,000 $607,500 $715,000 $722,650 $5,185,150

Costs
President  &  CEO $175,000 $175,000 $180,250 $185,658 $191,227 $732,135
Special  Counsel $0 $55,000 $56,650 $58,350 $60,100 $230,099
     Administra+ve  Assistant $0 $40,000 $41,200 $42,436 $43,709 $167,345
Personnel  Salary $175,000 $270,000 $278,100 $286,443 $295,036 $1,304,579
Fringes  &  Benefits $66,500 $108,000 $111,240 $114,577 $118,015 $518,332
Legal $10,000 $10,000 $10,000 $10,000 $10,000 $50,000
Audi+ng $7,500 $7,500 $7,500 $7,500 $7,500 $37,500
Insurance $4,090 $4,295 $4,509 $4,735 $4,971 $22,600
Marke+ng $30,000 $30,000 $30,000 $150,000 $150,000 $390,000
Consultants  and  Technical  Assistance $2,173,000 $75,000 $60,000 $30,000 $30,000 $2,368,000
Rent,  U+li+es,  Equipment,  Supplies  (NOBIC) $66,535 $70,000 $80,000 $80,000 $80,000 $376,535
Travel,  Memberships  &Misc  (Mvng/Advt) $10,000 $10,000 $10,000 $10,000 $10,000 $50,000
Total  Program  Costs $2,542,625 $584,795 $591,349 $693,255 $705,522 $5,117,546

Program  Balance $7,375 $5,206 $16,151 $21,745 $17,128 $67,604

NOTES:

5.  2009-­‐10  State  AppropriataAon  for  $100,000  received  by  the  City.  Future  years  assumes  the  State  Streamlining  acAviAes  opens  up  new  opportuniAes
7.  Assumes  current  Grant  request  is  fuded  in  part.      
8.  Development  of  real  estate/funding  strategy  (match  to  exis+ng  BCM  grant)  to  achieve  organiza+onal  sustainability:  $90,000  (to  be  extended  into  Yr  2  and  3  as  needed)
20.  One  +me  Audit  for  Dec.1,  2009  -­‐Dec.  31,  2010
21.  Assumes  a  5%  annual  growth
23.  GNOBEDD  master  plan,  economic  baseline  study,  traffic  engineering  to  include  the  en+re  Biosceince  District
24.  NOBIC  Agreement