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HomeMy WebLinkAbout1995.12.19_OPGA MinutesOWASSO PUBLIC GOLF AUTHORITY MINUTES OF REGULAR MEETING Tuesday, December 19, 1995, 5:30 p.m. Bailey Golf Ranch Maintenance Facility X1EMBERS PRESENT Glenna Anderson Ed Sokolosky Bob Oldefest N1EMBERS ABSENT Brian Skelton Tom Rikkola STAFF PRESENT Rodney Ray Sherry Bishop Marcia Boutwell Warren Lehr Dirk Ruark Jim Fitzsimmons The Owasso Public Golf Authority met in a regular session on Tuesday, December 19, 1995 at 5:30 p.m. at the Bailey Golf Ranch Maintenance Facility per the Notice of Public Meeting posted on the City Hall bulletin board at 4:00 p.m. on Thursday, December 14, 1995, and Addendum to Agenda posted on the City Hall bulletin board at 1:30 p.m. on Monday, December 18, 1995. Chairperson Glenna Anderson called the meeting to order at 5:35 p.m., and declared a quorum present. Ed Sokolosky moved to approve the minutes as written. Motion seconded by Bob Oldefest and carried 3-0. ITEM 4: CONSIDERATION AND APPROPRIATE ACTION RELATING TO GOLF COURSE D ACCOUNTING SERVICES FOR AUTHORITY. City Manager Rodney Ray explained the procedure followed to notify bondholders that the OPGA is in default of the Bond Indenture dated January 1, 1992. The Trustees were given a copy of the Notice to Bondholders from the Trustee Bank, a copy of the letter received from the Trustee Bank by the OPGA relative to the default, and a copy of the letter written by the City Manager to bondholders. He said that the process has been started to restructure the debt. There was discussion relative to the time line in which to transfer accounting and payroll functions to the city, and employees to the OPGA. Following a staff recommendation, Ed Sokolosky moved to transfer the accounting functions to the City of Owasso Finance Department effective at the close of business on December 19, 1995; and to direct Bailey Golf Ranch Management Inc to cease making disbursements at that time, retaining sufficient funds to cover the one payroll remaining in the calendar year and returning all other funds to the OPGA. He further moved that the transfer of employees become effective January 1, 1996. Motion seconded by Bob Oldefest and carried 3-0. M Owasso Public Golf Authority Minutes of December 19, 1995 Page 2 At 6:20 p.m. the Chair called for a special meeting to be held on Wednesday, December 27, 1995 at 2:00 p.m. at the Owasso City Hall Conference Room to take whatever action is necessary to implement cost reduction measures, such agenda to include an executive session for the purpose of discussing personnel matters. I'MaILTI Mr Fitzsimmons summarized the financial reports for the month of November. He said that the November weather was good, bringing about good rounds. ITEM 5: GENERAL DISCUSSION AND UPDATE ON GOLF COURSE MANAGEMENT ISSUES Warren Lehr discussed the $2.00 off coupons. There has been good response. The phone directory containing the quarter -page full -color advertisement will be out in February. Directional signage on Highways 75 & 169 was discussed. Kirk Ruark said that tree trimming and removal is going on during the winter months, with some trees being transplanted. Cart paths are being back filled. Ed Sokolosky moved, seconded by Bob Oldefest, to adjourn. Motion carried 3-0 and the meeting was adjourned at 7:20 p.m. 2 Glenna M Anderson, Chairperson Marc a- Boutwell, Authority Secretary