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HomeMy WebLinkAbout1993.09.08_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Wednesday September 8, 1993 Noon Owasso City Hall Conference Room 207 S Cedar, Owasso, Oklahoma MEMBERS PRESENT Tom Kimball Bob Randolph Frank Enzbrenner Alan Anderson Brenda Lawrence Bill Retherford Judy Pruitt 1. CALL TO ORDER MEMBERS ABSENT STAFF PRESENT Steve Compton Charlotte White Sherry Bishop Chairperson Alan Anderson called the meeting to order at 12:15 p.m. and declared a quorum present. 2. REQUEST APPROVAL OF THE MINUTES OF AUGUST 11,1993 REGULAR MEETING • Frank Enzbrenner moved to approve the minutes as written. Motion seconded by Bob Randolph. A vote on the motion was recorded as follows: Frank Enzbrenner - Yes Bob Randolph - Yes Brenda Lawrence - Yes Bill Retherford - Yes Alan Anderson - Yes Tom Kimball - Yes Judy Pruitt - Yes The motion carried 7 -0. 3 REQUEST APPROVAL OF CLAIMS None. 4. PRESENTATION OF FINANCIAL REPORT Report was presented by Ms. Bishop. Owasso Economic Development Authority Minutes of September 8, 1993 Page 2 5. REDISCUSSION AND ACTION CONCERNING A REQUEST FOR APPROVAL OF A CHANGE ORDER FOR THE USE OF A CONCRETE PUMPER TRUCK FOR THE INDUSTRIAL BUILDING AND PARKING LOT FOR MAX BUCHANAN After discussion,the Authority made a determination that the cost associated with the use of a concrete pumper truck by the sub - contractor on the Max Buchanan Project remedied a situation that facilitated the completion of the project; therefore, consideration can be given to payment for the services rendered. Bill Retherford moved that the Authority authorize the chairman to execute all necessary documents for the payment of 60 % of the final amount paid by the sub - contractor to the concrete pumper truck provider, not to exceed a maximum amount of $1,200.00. The Authority will not consider the cost associated with the profit or overhead charges of either the contractor or the sub - contractor. The Authority will not make payment without documentation (paid invoice) that the pumper truck provider has ben compensated and the total amount of that compensation. The Authority will not make payment directly to the contractor alone. The contractor must accept a two -party check, made payable to both the contractor and sub - contractor. It is the Authority's intent that all monies from their payment be used specifically and solely for direct compensation for the use of the concrete pumper truck. Motion was seconded by Judy Pruitt. A vote on the motion was recorded as follows: Bill Retherford - Yes Judy Pruitt - Yes Tom Kimball - No Brenda Lawrence - Yes Bob Randolph - Yes Alan Anderson - Yes Frank Enzbrenner - Yes The motion carried 6 -1. 6. REDISCUSSION AND ACTION CONCERNING APPROVAL AND PRIORITIZING OF COMPLETION PROJECTS FOR THE MAX BUCHANAN PROJECT Motion made by Bill Retherford to delay the process on releasing the remainder of the loan funds until an agreement has been made with Max Buchanan that there would be a financial statement sent to the Authority on a quarterly basis, and they would receive it within 60 days after the end of each quarter. Motion was seconded by Brenda Lawrence. A vote on the motion was recorded as follows: Bill Retherford - Yes Brenda Lawrence - Yes Judy Pruitt - Yes Alan Anderson - Yes Frank Enzbrenner - Yes Bob Randolph - Yes Tom Kimball - Yes Owasso Economic Development Authority Minutes of September 8, 1993 Page 3 The motion carried 7 -0. 7. STATUS REPORT REGARDING THE MAX BUCHANAN PROJECT None. 8. STATUS REPORT REGARDING IMPLEMENTATION OF THE ECONOMIC STRATEGY This item will be put on the agenda for the October meeting for discussion. 9. UNFINISHED BUSINESS Steve Compton and Rodney Ray were designated to represent the OEDA at the Investment Forum '93. If they are unable to attend any of the special events, OEDA members will be invited individually to attend. 10. NEW BUSINESS None • 11. ADJOURNMENT Bill Retherford moved, seconded by Bob Randolph for adjournment. A vote on the motion was as follows: Bill Retherford - Yes Bob Randolph - Yes Judy Pruitt - Yes Alan Anderson - Yes Brenda Lawrence - Yes Tom Kimball - Yes Frank Enzbrenner - Yes The motion carried 7 -0 and_ the Secretary \U 13• a -3 Date Approved was adjourned at 1:20 p.m.