HomeMy WebLinkAbout1990.10.23_OPGA Minutes_SpecialOWASSO PUBLIC GOLF AUTHORITY
MINUTES OV SPECIAL MEETING
Tuesday, October 23, 1990, 5:30 p.m
Owasso City Hall, 207 S Cedar,
MEHBERS PRESENT
Bob Oldefest
Tom Rikkola
Glenna Anderson
Brian Skelton
Ed Sokolosky
MEMJ3FRS A13SENT
SIAFF PRESENT
Marcia Boutwell
Ted McCord
Rodney Ray
-'herry La'.mbert
Ron Cates
Chuck Smith
The Public Golf Authox-ity met in a special session on
Tuesday, October 23, 1990 at 5:30 p.m, in the Owasso City Hall
Conference Room per the Notice of Public Meeting posted on the City
Hall bulletin board at 11:00 a-m. on Thursday, October 19, 1990-
ETEM 1: CALL TO ORDER
Chairperson Bob Oldefest called the meeting to order at 5-35 p-m.
and declared a quorum present-
111-1- RE' RLIEWT AFIT�RQMA' 1,i QY--1
Glenna Anderson moved to approve the minutes of September 19, 1990
as written; seconded by Brian Skelton- Motion carried 5-0.
lid Sokolosky moved, seconded by Tom flikko,Ut , that the pre8e-Y)J;
officers continue serving for another term. Motion carried 5 ()
Officers are Bob Old efest, Chairperson, and Tomi Rikkola, Vic(
Chairperson.
9URM FOR-TRUSTER-DETEPIMINATIQU AND-DEQ111ON-WATAQ
Mr- Ray explained that the type of financing that ',has become
available does not require a feasibility study. owev r , staff and
financial advisor recommend proceeding with the feasibility •tudy.,
Dan Vfindex,L,; of (,"oopers & Lybrand was present t,.-.,) --�xplairl. the
feasibility study and answer questions. Action on this item was
deferred until item 5 was discussed. Following discussion on iteyn
5, Glenna Anderson moved that staff pursue obtaining a feasibility
study� Motion seconded by Tom Rikkola; motion carried 5-0.
LN --j
Ell ENT-11ND-
0-R-DEA _U t 4 HICIBIkI
("'111'ucl'a: Financial Advisor; Mr- Ray and Ms- Lambert recently
met with Mr. Bill Tate of Blue T Golf, with corporate offices in
Mr. Tat.-,e is proposing a. "Lax -exempt lease purchase
Owasso Public Golf Authority
Minutes of October •39 1990
Page 2.
agreement as a means of financing construction of a golf course.
Blue T Golf utilizes lease purchase financing as a vehicle that
provides municipalities with the ability to obtain, without the
issuance of bonds or the transferring of title to the property, a
competitive interest rate to finance the construction of a golf
course facility- Blue T is in the business of financing,
developing, constructing, and managing golf courses.,
No action was taken following the discussion. It was the consensus
that more information on Blue T Golf is needed before a decision on
the financing can be made.
ITEM 6: GENERAL DISCUSSION OF NEGOTHHONS BETWEEN OPGA AND CQJB
No further negotiations have been held since September 19, 199&
The various parties involved are now going over details of the
specific items in the management contract.
ITEM 7: ADJOURNMENT
1bui Rikkola moved, seconded by Do(-- Soki ---,,Iosky to adj(--)-uri.-). t-.,he
meeting. Meeting adjourned at 6:50 p�m.
III F3- i p E? 0 Y
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