HomeMy WebLinkAbout1992.02.05_OEDA Minutesy
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OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF SPECIAL MEETING
Wednesday, February 5, 1992, 2:00 P.M.
Owasso City Hall Conference Room
207 S Cedar, Owasso, Oklahoma
MEMBERS PRESENT MEMBERS ABSENT
Frank Enzbrenner
Alan Anderson
Patricia Marlar
Bill Retherford
Tom Kimball (in at 2:05)
Michael Watson (in at 2:05)
Brenda Lawrence (in at 2:10)
1. CALL TO ORDER AND ROLL CALL
STAFF PRESENT
Steve Compton
Marcia Boutwell
Sherry Bishop
Rodney Ray
Ron Cates
Chairperson Frank Enzbrenner called the meeting to order at 2:00 p.m. and declared a quorum
present.
2. REQUEST APPROVAL OF THE MINUTES OF JANUARY 15, 1992
Alan Anderson moved to approve the minutes of the January 15, 1992 meeting as written.
Motion seconded by Patricia Marlar. A vote on the motion was recorded as follows:
Alan Anderson - Yes
Patricia Marlar - Yes
Bill Retherford - Yes
Frank Enzbrenner - Yes
The motion carried 4 -0.
3. REQUEST APPROVAL OF THE CLAIMS
There were no claims.
4. PRESENTATION OF FINANCIAL REPORT
There was no financial report.
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Owasso Economic Development Authority
Minutes of February 5, 1992
Page 2
5. DISCUSSION AND ACTION CONCERNING A REQUEST TO AUTHORIZE THE
CITY TREASURER TO RECEIVE, PROCESS, AND DISPERSE ALL PROCEEDS
OF THE WOODS PRECISION PRODUCTS, INC. CDBG -EDF LOAN WHEN
SAID PROCEEDS BECOME AVAILABLE
Steve Compton reported that all conditions have been removed from the loan and the funds have
been released. The funds should be received by the City within the next week to ten days. Alan
Anderson moved to authorize the City Treasurer to receive, process, and disperse all proceeds
of the Woods Precision Products, Inc. CDBG -EDF Loan when said proceeds become available.
The motion was seconded by Tom Kimball and a vote on the motion was recorded as follows:
Alan Anderson - Yes
Tom Kimball - Yes
Patricia Marlar - Yes
Bill Retherford - Yes
Michael Watson - Yes
Frank Enzbrenner - Yes
The motion carried 6 -0.
6. STATUS REPORT REGARDING IMPLEMENTATION OF THE ECONOMIC
STRATEGY
Steve Compton told the Authority that the OEDA Industrial Development Team had met with
Mr. Steve Lurvey of the Max Buchanan Company. This company currently has a business in
Springfield, Missouri and another in Tulsa and are considering consolidating the two businesses
in the Tulsa area. Staff has received unaudited financial statements from the Max Buchanan
Company for review and is preparing a conceptual financing proposal for review.
There was discussion on whether the Owasso area maps that were rejected by staff, should be
used in some way or disposed of. It was decided that these maps could be used for projects
such as the Home and Garden Show.
7. REPORT FROM CITY MANAGER
None
8. REPORT FROM ATTORNEY
None
Owasso Economic Development Authority
Minutes of February 5, 1992
Page 3
9. ADJOURNMENT
Alan Anderson moved, seconded by Bill Retherford for adjournment. A vote on the motion
was as follows:
Alan Anderson - Yes
Bill Retherford - Yes
Michael Watson - Yes
Brenda Lawrence - Yes
Tom Kimball - Yes
Patricia Marlar - Yes
Frank Enzbrenner - Yes
The motion carried 7 -0 and the meeting was a
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Secretary
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