The
Board of
Members
of the Board present were Commissioner Doug Smith-Chairman, Commissioner Danny
Duncan –Member, Commissioner- Billy Cornell-Member and Secretary-Carol Fortner.
The Board of Delaware County Commissioners has called to order this meeting of May
7, 2012 and
is hereby authorized to take action on the following items: Pursuant to the
Oklahoma Open Meeting Act(25 O.S. Sec. 301, et seq.),
notice is hereby given that the Trustees of the Delaware County Justice
Authority, Delaware County, Oklahoma will hold a Special Meeting as follows:
AGENDA
#1.-A motion was made by Commissioner Duncan and seconded by Commissioner Cornell
to approve of the Agenda as posted. Roll call:
Commissioner Smith-yes, Commissioner Duncan – yes, Commissioner
Cornell-yes. Motion carried.
AGENDA #2-A motion was made by Commissioner Duncan and
seconded by Commissioner Cornell
to approve of minutes of Special Meeting dated
AGENDA #3- A motion was made by Commissioner Duncan and
seconded by Commissioner Cornell to discuss results of April 30, 2012
Teleconference on rating services with Standard and Poors
between Jeff Raley-Financial
Bond Counsel and Doug Smith-Delaware Co. Board of Trustees for the Justice
Authority. Jeff Raley-Floyd Law
Firm, stated that there had been an “A” rating from
Standard & Poors which would be a savings for
Delaware Co. in the amount of $500,000.00. Roll call: Commissioner Smith-yes, Commissioner Duncan – yes,
Commissioner Cornell-yes. Motion
carried.
AGENDA #4- A motion was made by Commissioner Duncan and
seconded by Commissioner Cornell to consider/discuss
and/or take action concerning per counsel recommendation the timing and amount
of the Bond Issuance. A motion was made by Commissioner Smith and seconded by
Commissioner Duncan to approve of Full Issuance of all bonds at this time with
the 2.5% interest rate. Roll call: Commissioner Smith-yes, Commissioner Duncan
– yes, Commissioner- Billy Cornell-yes.
Motion carried.
AGENDA #5: A motion was made by Commissioner Duncan and
seconded by Commissioner Cornell to approve to open the floor to New
Business-any matter not known about or which could not have been foreseen prior
to posting. No New Business submitted at
this time. Roll
call: Commissioner Smith-yes,
Commissioner Duncan – yes, Commissioner- Billy Cornell-yes. Motion carried.
AGENDA #6-A motion was made by Commissioner Duncan and seconded by Commissioner Cornell
to open the floor to Citizen’s
Participation for Public Comments. There
were no Public Comments submitted at this time.
Roll Call: Commissioner
Smith-yes, Commissioner
Duncan–yes, Commissioner- Billy Cornell-yes.
Motion carried.
AGENDA #7-A motion was made by Commissioner Duncan and seconded by Commissioner Cornell
that the Board of the
ATTEST:
DOUG
SMITH -Chairman
CAROL FORTNER
Secretary to the Authority
DANNY
DUNCAN -Member