VPA BOARD MEETINGS

The Board of Commissioners holds its regular meetings on the fourth Tuesday of every other month beginning in January.

Thus, 2005 meetings are scheduled for:
January 25th, March 22nd, May 24th, July 26th, September 27th, and November 22nd


AGENDA

VPA Board of Commissioners
Finance/Planning Committee
World Trade Center - VPA Conference Room
May 24, 2005 - 9:00-10:00 a.m.


The Finance/Planning Committee will meet in open session to discuss the following:

1. Consideration of Resolution 05-10, approving the FY2006 VIT Budget for the year beginning July 1, 2005 and ending June 30, 2006 - Mr. Dorto

2. Consideration of Resolution 05-11, approving the FY2006 VPA Budget for the year beginning July 1, 2005 and ending June 30, 2006 - Mr. Oliver

3. Consideration of a motion authorizing VPA to amend Contract #2004-01 between VPA and Banc of America Leasing & Capital LLC to extend the contract period and the maximum expenditure limit - Mr. Oliver

4. Consideration of Resolution 05-12, awarding Aid to Local Ports Grants - Mr. Keever

5. Opportunity for public comment.

Adjourn

Finance/Planning Committee
Ronald W. Massie, Chairman
Mark B. Goodwin, Vice Chairman
Robert C. Barclay, IV
Michael J. Quillen
Jody M. Wagner, State Treasurer


AGENDA

Virginia Port Authority
Investment and Administrative Committee
VIT Conference Room
Open Meeting

May 24, 2005 - 10:00-11:00 AM


· Recommendations regarding VPA Defined Contribution Plan Investment Options and review of amendments to Investment Policy Statement - Mr. Kevin Schmid and Mr. Robert Sanford, Aon Consulting; Ms. Daisy Jones and Ms. Kim Kyle, Great-West

· Consideration of Resolution 05-8, approving amendments to the Virginia Port Authority Defined Benefit Plan (Pension Plan) and approving guidelines for selection of Individual Retirement Accounts - Mr. Sanford; Ms. Traub, Troutman Sanders

· Update regarding VPA Defined Benefit Plan Investments - Mr. Whitmore, UBS Paine Webber

· Opportunity for Public Comment.

Adjourn


Investment and Administrative Committee Members:
John G. Milliken, Chairman of the Board
Ronald W. Massie, Chairman, Finance/Planning Committee
J. Robert Bray, Executive Director


A G E N D A

Board of Commissioners - Public Session 296
Virginia Port Authority
World Trade Center
Norfolk, Virginia
May 24, 2005 11:00 a.m.

INTRODUCTIONS

Introduction of guests and representatives of the press -Ms. Ford

RESOLUTION OF APPRECIATION

Consideration of a Resolution on the Services of Former Commissioner John E. (Jack) Holleran

I. APPROVAL OF MINUTES

Approval of the minutes of the meeting held March 22, 2005

II. REPORTS OF COMMITTEES

A. Executive Committee - Mr. Milliken, Chairman of the Board

1. Announcement of Nominating Committee for the selection of officers to the Board.

(Officers will be elected at the Board's Annual Meeting in July.)

2. Report of the Investment and Administrative Committee:

a. Consideration of Resolution 05-8, approving amendments to the Virginia Port Authority Defined Benefit Plan (Pension Plan) and approving guidelines for selection of Individual Retirement Accounts.

3. Report of the Compensation Committee:

a. Consideration of Resolution 05-9, approving the Executive Director's incentive supplement for fiscal year 2005, ending June 30, 2005 and compensation plan for fiscal year 2006, beginning July 1, 2005.


B. Report on Matters Relating to Virginia International Terminals, Inc. - Mr. Milliken, Chairman, and Mr. Bray, Executive Director


C. Finance/Planning Committee - Mr. Massie, Committee Chairman

1. VPA Year-to-Date Financial Report - Mr. Oliver

2. Consideration of Resolution 05-10, approving the FY2006 VIT Budget for the year beginning July 1, 2005 and ending June 30, 2006 - Mr. Dorto

3. Consideration of Resolution 05-11, approving the FY2006 VPA Budget for the year beginning July 1, 2005 and ending June 30, 2006 - Mr. Oliver

4. Consideration of a motion authorizing VPA to amend Contract #2004-01 between VPA and Banc of America Leasing & Capital LLC to extend the contract period and the maximum expenditure limit - Mr. Oliver

5. Consideration of Resolution 05-12, awarding Aid to Local Ports Grants - Mr. Keever

D. Facilities Committee - Mr. Sen, Committee Chairman

1. Status report on current construction projects - Mr. Florin

2. Consideration of Resolution 05-13, approving an Environmental Policy for VPA and VIT - Ms. Wood

E. Marketing Committee - Ms. Stearns, Committee Chairwoman

1. Business Report - Mr. Capozzi

F. Security Committee - Mr. Grace, Committee Chairman

1. Security Report - Mr. Merkle

2. Consideration of Resolution 05-14, establishing port security fees at VPA-owned terminals.

III. REPORT OF EXECUTIVE DIRECTOR

IV. UNFINISHED BUSINESS

V. NEW BUSINESS

VI. OTHER BUSINESS AND ADJOURNMENT

1. Opportunity for public comment.


The Annual Meeting of the Board of Commissioners is scheduled to be held in the Authority's Conference Room, 600 World Trade Center, Norfolk, Virginia, on Tuesday, July 26, 2005.


These are Adobe Acrobat files.

2005 PUBLIC MEETING MINUTES

Compensation Committee Meeting, 05/11/05 (Minutes)

Finance Committee Meeting,03/23/05 (Minutes)

Investment and Administrative Committee Meeting, 03/22/05 (Minutes)

AON Executive Summary for I and A Committee

Marketing Committee Meeting, 03/22/05 (Minutes)

Session 295, March 22, 2005-Board of Commissioners (Minutes)

Adopted Resolutions: Resolution on the services of Whittington W. Clement, Resolution 05-03, Resolution 05-07, Memorandum of Understanding between the Virginia Tobacco Indemnification and Community Revitalization Commission and the Virginia Port Authority

Session 295, March 22, 2005 Presentations

Session 294, Jan. 25, 2005-Board of Commissioners (Minutes)

Adopted Resolutions: Resolution 05-01, Resolution 05-02, Resolution 05-04, Resolution 05-5, Resolution 05-06

Finance Committee Meeting, Jan. 25, 2005

Session 294, Jan. 25, 2005 Presentations (includes Finance Committee presentations)

2004 PUBLIC MEETING MINUTES

Investment and Administrative Committee Meeting, Nov. 23, 2004

Session 293, Nov. 23, 2004-Board of Commissioners

Session 293 Presentations

Session 292, Sept. 28, 2004-Board of Commissioners

Finance Committee Meeting, Sept. 28, 2004

Session 292 Presentations

Session 291, July 27, 2004-Board of Commissioners

Session 291 Presentations

Session 290, July 27, 2004-Board of Commissioners, Annual Meeting

Session 289, May 25, 2004-Board of Commissions

Session 289 Presentations
Finance Committee Meeting

May 5, 2004-Board of Commissioners, Executive Committee

Session 288, March 23, 2004-Board of Commissioners

Session 288 Presentations

Session 287, January 27, 2004-Board of Commissioners

Session 287 Presentations
Finance Committee Meeting

2003 PUBLIC MEETING MINUTES

Facilities Committee Meeting, October 15, 2003

Session 280, January 28, 2003-Board of Commissioners

Session 280-Attachment 01 (Chairman's remarks)
Session 280-Attachment 02 (Background paper)
Session 280-Press Release

Session 281, March 25, 2003-Board of Commissioners

Session 282, May 20, 2003-Board of Commissioners

Session 283, July 22,2003, Annual Meeting, Board of Commissioners

Session 284, July 22, 2003-Board of Commissioners

Session 285, September 23, 2003-Board of Commissioners

Session 286, November 25, 2003-Board of Commissioners

2002 PUBLIC MEETING MINUTES

Session 276-Annual Meeting, Board of Commissioners

Session 277-Board of Commissioners
Session 278-Board of Commissioners
Session 279-Board of Commissioners