The URL can be used to link to this page

Home My WebLink About1993.07.14_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY • MINUTES OF REGULAR MEETING Wednesday July 14, 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 Tom Kimball called the meeting to order at 12:15 p.m. and declared a quorum present. 2. Acknowledgment of the receipt of notification from the Owasso Chamber of Commerce Board of Directors, that Mrs. Judy Pruitt was elected to represent the Chamber on the OEDA for FY 1993 -94 ............................... Mr. Kimball • 3. ELECTION OF OFFICERS FOR FISCAL YEAR 1993 -94 Chairperson Vice Chairperson Bill Retherford of the nominating committee reported that the officers for Fiscal 93 -94, would be Alan Anderson, Chairperson, Brenda Lawrence, Vice Chairperson. Bill Retherford moved to accept the recommendation of the nominating committee and Frank Enzbrenner seconded. A vote on the motion was recorded as follows: Bill Retherford - Yes Frank Enzbrenner - Yes Bob Randolph - Yes Alan Anderson - Yes Brenda Lawrence - Yes Judy Pruitt - Yes Tom Kimball - No The motion carried 6 -1. 4. REQUEST APPROVAL OF THE MINUTES OF JUNE 9,1993 REGULAR MEETING Bill Retherford moved to approve the minutes as written. Motion seconded by Bob • Randolph. A vote on the motion was recorded as follows: Owasso Economic Development Authority Minutes of July 14, 1993 Page 2 Bill Retherford - Yes Bob Randolph - Yes Brenda Lawrence - Yes Frank Enzbrenner - Yes Alan Anderson - Yes Tom Kimball - Yes Judy Pruitt - Yes The motion carried 7 -0. 5. DISCUSSION AND ACTION CONCERNING DESIGNATION OF AUTHORIZED SIGNATORIES FOR FY 1993. Bill Retherford moved to designate three signatories and to require two signatures on checks. Motion was seconded by Judy Pruitt. A vote on the motion was recorded as follows: Bill Retherford - Yes Judy Pruitt - Yes Alan Anderson - Yes Bob Randolph - Yes Tom Kimball - Yes Frank Enzbrenner - Yes Brenda Lawrence - Yes The motion carried 7 -0. 6. REQUEST APPROVAL OF THE CLAIMS Frank Enzbrenner moved to approve the claims as submitted. Motion was seconded by Bob Randolph. A vote on the motion was recorded as follows: Frank Enzbrenner - Yes Bob Randolph - Yes Judy Pruitt - Yes Alan Anderson - Yes Tom Kimball - Yes Bill Retherford - Yes Brenda Lawrence - Yes The motion carried 7 -0. 7. PRESENTATION OF FINANCIAL REPORT Report was presented by Ms. Bishop. Owasso Economic Development Authority Minutes of July 14, 1993 Page 3 8. DISCUSSION AND ACTION CONCERNING A REQUEST FOR APPROVAL OF CHANGE ORDER #5 - CONSTRUCTION OF INDUSTRIAL BUILDING AND PARKING LOT FOR MAX BUCHANAN COMPANY Change order #5 consists of two request for changes. The first is for an extension of the contract time because of 15 "bad weather days" and the second request is for an increase in the contract amount of $2,625.00. Bill Retherford moved to approve the change order #5. Motion was seconded by Brenda Lawrence. A vote on the motion was recorded as follows: Bill Retherford - Yes Brenda Lawrence - Yes Bob Randolph - Yes Judy Pruitt - Yes Alan Anderson - Yes Frank Enzbrenner - Yes Tom Kimball - Yes The motion carried 7 -0. 9. DISCUSSION AND ACTION CONCERNING APPROVAL OF AN AMENDMENT TO THE LOAN AGREEMENT FOR THE MAX BUCHANAN BUILDING AMENDING THE TERM OF THE LOAN. Because of delays in both the loan/lease closing process and the construction process of the new Max Buchanan building, there is a need to revise the term of the loan and lease agreement. Frank Enzbrenner moved to approve the amending of the loan agreement. Motion was seconded by Bob Randolph. A vote on the motion was recorded as follows: Frank Enzbrenner - Yes Bob Randolph - Yes Judy Pruitt - Yes Alan Anderson - Yes Tom Kimball - Yes Brenda Lawrence - Yes Bill Retherford - Yes The motion carried 7 -0. 10. DISCUSSION AND ACTION CONCERNING APPROVAL OF AN AMENDMENT TO THE MAX BUCHANAN LEASE AMENDING THE TERM OF THE LEASE The current loan and lease documents indicate that in the term is 15 years and commences upon April 1, 1993. These documents need to be amended to indicate that the term will now be 15 years commencing upon August 1, 1993. Frank Enzbrenner is moved to approve the amending of the term of the lease. Motion was seconded by Bob Randolph. A vote on the motion was recorded as follows: Owasso Economic Development Authority Minutes of July 14, 1993 Page 4 Frank Enzbrenner - Yes Bob Randolph - Yes Judy Pruitt - Yes Tom Kimball - Yes Alan Anderson - Yes Brenda Lawrence - Yes Bill Retherford - Yes The motion carried 7 -0. 11. DISCUSSION AND ACTION CONCERNING AUTHORIZATION OF CITY TREASURER TO MAKE MONTHLY LOAN PAYMENTS PER LOAN BUILDING. The staff recommends approval of the authorization of the City Treasurer to make loan payments for the Max Buchanan building project per the loan agreement. Bill Retherford moved to approve the City Treasurer to make monthly payments. Motion was seconded by Bob Randolph. A vote on the motion was recorded as follows: Bill Retherford - Yes Bob Randolph - Yes o Judy Pruitt - Yes Alan Anderson - Yes Frank Enzbrenner - Yes Brenda Lawrence - Yes Tom Kimball - Yes The motion carried 7 -0. 12. STATUS REPORT REGARDING THE MAX BUCHANAN COMPANY Mr. Compton reported he would be presenting a presentation at the August meeting in reference to progress at the Max Buchanan Company. 13. STATUS REPORT REGARDING IMPLEMENTATION OF THE ECONOMIC STRATEGY No report. 14. UNFINISHED BUSINESS Q None 15. NEW BUSINESS Owasso Economic Development Authority Minutes of July 14, 1993 Page 5 None 16. ADJOURNMENT Bill Retherford moved, seconded by Frank Enzbrenner for adjournment. A vote on the motion was as follows: Bill Retherford - Yes Frank Enzbrenner - Yes Judy Pruitt - Yes Alan Anderson - Yes Brenda Lawrence - Yes Bob Randolph - Yes Tom Kimball - Yes The motion carried 7 -0 and the meeting was adjourned at 12:55 p.m. ® /I el z &/' Chairperson 0'� Secretary Date Approved �J