HomeMy WebLinkAbout1993.01.13_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY
• MINUTES OF REGULAR MEETING
Wednesday, January 13, 1993, 12:00 Noon
Owasso Community Center
301 S Cedar, Owasso, Oklahoma
MEMBERS PRESENT
Frank Enzbrenner
Brenda Lawrence
Bill Retherford
Patricia Marlar
Alan Anderson (in at 12:23)
1. CALL TO ORDER
MEMBERS ABSENT
Tom Kimball
Michael Watson
STAFF PRESENT
Steve Compton
Sherry Bishop
Marcia Boutwell
Rodney Ray
Vice Chairperson Frank Enzbrenner called the meeting to order at 12:20 p.m. and declared a
quorum present.
2. REQUEST APPROVAL OF THE MINUTES OF DECEMBER 9, 1992 REGULAR
MEETING
Patricia Marlar moved to approve the minutes as written. Motion seconded by Bill Retherford.
A vote on the motion was recorded as follows:
Patricia Marlar - Yes
Bill Retherford - Yes
Brenda Lawrence - Yes
Frank Enzbrenner - Yes
The motion carried 4 -0.
3. REQUEST APPROVAL OF THE CLAIMS
None
4. PRESENTATION OF FINANCIAL REPORT
Ms Bishop distributed the financial report for the period ending December 31, 1992.
5. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
PRESENTATION OF INDEPENDENT FINANCIAL AUDIT FOR FY 1991 -92
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
Ms Bishop gave a brief overview of the audit as it pertains to the Owasso Economic
Development Authority. Alan Anderson moved that the OEDA receive the audit as presented.
Motion was seconded by Bill Retherford. A vote on the motion was recorded as follows:
Alan Anderson - Yes
. Bill Retherford - Yes
Patricia Marlar - Yes
Brenda Lawrence - Yes
Owasso Economic Development Authority
Minutes of January 13, 1993
Page 2
Frank Enzbrenner - Yes
The motion carried 5 -0.
6. DISCUSSION AND APPROPRIATE ACTION RELATING TO DESIGNATING
THE CITY OF OWASSO AS THE LOSS PAYEE FOR THE WOODS PRECISION
PRODUCTS INC INSURANCE POLICY
In order to close the monitoring file relating to the June 15, 1992 Monitoring Visit concerning
CDBG #4626, the Department of Commerce is requiring written procedures to ensure that
Wood's Precision Products insurance is renewed annually with the Owasso Economic
Development Authority designated as loss payee. The building and contents policy shows the
City of Owasso as a loss payee instead of the Owasso Economic Development Authority. In
order to meet this requirement, it is necessary for the Trustees of the OEDA to formally declare
that they do not have a problem with the City of Owasso being listed as loss payee on the
insurance policy. Patricia Marlar moved to approve listing the City of Owasso instead of the
Owasso Economic Development Authority as loss payee on the insurance policy covering
building and contents for Woods Precision Products. Motion was seconded by Alan Anderson.
A vote on the motion was recorded as follows:
Patricia Marlar - Yes
Alan Anderson - Yes
Bill Retherford - Yes
Brenda Lawrence - Yes
Frank Enzbrenner - Yes
The motion carried 5 -0.
7. CONSIDERATION AND APPROPRIATE ACTION RELATING TO RESOLUTION
93 -01, A RESOLUTION DECLARING OEDA SUPPORT FOR A ONE PERCENT
SALES TAX FOR THREE YEARS FOR A DEPARTMENT OF DEFENSE
FINANCE AND ACCOUNTING CENTER TO BE LOCATED IN TULSA
Tulsa County is among several areas being considered for a Department of Defense Finance &
Accounting Facility which will employ 7000 persons and inject $376 million each year into our
county economy through direct and related new jobs and benefits. If approved, a temporary
one -cent county sales tax, limited to three years by law, will be used to purchase, expand and
operate the Memorex -Telex facility in the Cherokee Industrial District as a part of the incentive
package. The temporary tax will not go into effect if Tulsa County does not get the facility.
Resolution 93 -01 declares OEDA support for the sales tax. Alan Anderson moved to approve
Resolution 93 -01. Motion was seconded by Brenda Lawrence. A vote on the motion was
recorded as follows:
Alan Anderson - Yes
Brenda Lawrence - Yes
Bill Retherford - Yes
Patricia Marlar - Yes
Frank Enzbrenner - Yes