HomeMy WebLinkAbout1995.06.08_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, June 8, 1995
The Owasso Economic Development Authority met in regular session on Thursday, June 8, 1995
in the Owasso City Hall Conference Room per the Notice of Public Meeting and Agenda posted
on the City Hall bulletin board at 10:00 a.m. on Wednesday June 7, 1995.
PRESENT
Tom Kimball
Judy Pruitt
Frank Enzbrenner
Charles Burris
Bill Retherford
ITEM 1: CALL TO ORDER
ABSENT
Alan Anderson
Brenda Lawrence
STAFF PRESENT
Rodney Ray
Sherry Bishop
Lonnie Hardin
Chairperson Tom Kimball called the meeting to order at 10:15 a.m and declared a quorum
present.
ITEM 2: REQUEST APPROVAL OF THE MINUTES OF MAY 11, 1995 REGULAR
Motion made, seconded by Bill Retherford, to approve the minutes as submitted.
AYE: Pruitt, Enzbrenner, Retherford, Kimball, Burris.
NAY: None
Motion carried 5 -0.
ITEM 3: REQUEST APPROVAL OF THE CLAIMS.
There were no claims presented for the subject period.
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Owasso Economic Development Authority May 11, 1995
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
Ms Bishop presented the report. Frank Enzbrenner moved and Bill Retherford seconded that
final expenses incurred by Bernie Wagner be paid by joint pay check issued to Bernie Wagner
and American Express upon presentation of proper documentation. A 1099 form thereon will
be issued to Bernie Wagner.
AYE: Pruitt, Enzbrenner, Retherford, Kimball, Burris.
NAY: None
Motion carried 5 -0.
ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO
CHAIRMANS REQUEST FOR ADOPTION OF A BUDGET FOR FISCAL
YEAR 1995 -96
Charles Burris moved and Frank Enzbrenner seconded that the Budget for Fiscal Year 1995 -96
be approved as presented.
AYE: Burris, Enzbrenner, Retherford, Pruitt, Kimball.
NAY: None
Motion carried 5 -0.
ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO ELECTION
OF OFFICERS FOR FISCAL YEAR 1995 -96
Frank Enzbrenner moved and motion was seconded that a nominating committee be appointed,
consisting of Bill Retherford as Chair and Brenda Lawrence. The committee is to provide a list
of candidates for Chairman, Vice - chairman, and Secretary.
AYE: Burris, Enzbrenner, Pruitt, Retherford, Kimball
NAY: None
Motion carried 5 -0
ITEM 7: UPDATE ON NATIONAL STEAK AND POULTRY RELOCATION
Mr. Ray reported that the engineering survey is about 30% complete. The road survey is 10%
complete. Construction is 60 days behind schedule due to the rainy weather. There is an issue
as to sales tax exemption which continues in part due to disagreement among counsel. We
should do preventative maintenance on this issue in future transactions.
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Owasso Economic Development Authority May 11, 1995
ITEM 8: UPDATE ON COUNCIL OAKS LEARNING CENTER
Mr. Kimball reported that financing has been denied, and that bond financing looks doubtful.
Refinancing by BOK looks questionable. Mr. Seawright is pursuing other financing options,
including a possible limited partnership. There is a $ 200,000 CDBG reserve for the project.
ITEM 9: UPDATE ON PRECISION COMPONENTS CDBG
Mr. Ray reported that there has been a lease amendment separating the parking lot from the rest
of the lease on the early buyout provision. The new plant manager is Mark Johnson. The $
87,000 CDBG should be funded within 4 weeks. The final count indicates 82 employees, with
precision adding a third shift. An expansion will be announced soon.
ITEM 10: UNFINISHED BUSINESS
Mr. Ray reported that the plats on the Cherokee Industrial Park should be filed within 90 days.
We have an agreement with Ray Haynes which will pay real estate purchase money to OPWA.
ITEM 11: NEW BUSINESS:
® None
ITEM 12: ADJOURNMENT
Mr. Retherford moved, seconded by Mr. Burris to adjourn.
AYE: Pruitt, Burris, Enzbrenner, Retherford, Kimball
NAY: None
Motion carried 5 -0 and the meeting was adjourned at 11:15 A.M.
Tom Kimball, Chairperson
quP-r-4u t e cretary Date Approved
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