HomeMy WebLinkAbout1991.12.04_OPGA Minutes_SpecialOWASSO PUBLIC GOLF AUTHORITY
MINUTES OF SPECIAL MEETING
Wednesday, December 4, 1991, 5:30 p.m.
Owasso City Hall
MEMBERS PRESENT
Tom Rikkola
Brian Skelton
Glenna Anderson
Ed Sokolosky
Bob Oldefest
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STAFF PRESENT
Marcia Boutwell
Rodney Ray
Sherry Bishop
Ron Cates
Steve Compton
Also present were Reve Hammons and Cecil Cotner of Pittman, Poe & Associates.
The Owasso Public Golf Authority met in a special session on Wednesday, December 4, 1991
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 4:00 p.m. on Monday, December 2, 1991.
ITEM 1: CALL TO ORDER
Chairperson Tom Rikkola called the meeting to order at 5:30 p.m. and declared a quorum
present.
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Glenna Anderson moved to approve the minutes of November 26, 1991 as written, seconded by
Bob Oldefest. Motion carried 5-0.
ITEM 3: REVIEW, DISCUSSIONg AND APPROPRIATE ACTION ON FEASIBILITY
STUDY
A draft copy of the feasibility study was distributed. Coopers & Lybrand internal audit has not
been completed. Steve Gilbert was present to answer questions. No action was taken.
ITEM 4: CONSIDERATION AND APPROPRIATE ACTION RELATING TO AN
AGREEMENT BETWEEN THE OWASSO PUBLIC GOLF
. AUTHORITY AND
DD
A FINANCIAL ADVISOR OR UNDERWRITER
Keith McDonald of Leo Oppenheim Company and Randall Nelson of Stifel Nicolaus presented
proposals to the Authority. Both feel that they have the ability to do a bond issue for the golf
course. The Authority discussed the proposals, but did not feel ready to make a decision
without studying the proposals.
Glenna Anderson moved to recess the meeting to Thursday, December 5, 1991 at 5:00 p.m.
Motion was seconded by Ed Sokolosky and carried 5-0. The Chair recessed the meeting at 8:00
p.m.
Owasso Public Golf Authority
Minutes of December 4, 1991
Page 2
The Special Meeting of the Owasso Public Golf Authority reconvened at 5:10 p.m. on Thursday,
December 5, 1991.
Mr. Gilbert was present with adjustments to the Feasibility Study. Cart rental revenues were
discussed, as well as assumptions for the statistical data on the driving range. It was also
requested that the construction period be changed to 16 to 18 months and that wording changes
be made to reflect the change in financing from lease purchase to bond.
The Chair called for a Special Meeting on Wednesday, December 11, 1991 at 5:30 p.m. to
accept the Feasibility Study and to made a decision about financing.
ITEM 5. GENERAL DISCUSSION ON CURRENT STATUS OF GOLF COURSE
CONSTRUCTION
Bland Pittman has issued a memo to bidders reminding them of the bid opening date.
ITEM 6: ADJOURNMENT
Ed Sokolosky moved, seconded by Brian Skelton to adjourn. Motion carried and the meeting
was adjourned at 6:45 p.m.
T M Rikkola, Jr, Chairperson
Marc Boutwell, Authority Secretary