DELAWARE COUNTY JUSTICE AUTHORITY SPECIAL MEETING

May 7, 2012

The Board of County Commissioners of Delaware County, Oklahoma, met in Special Session on May 7, 2012 at 1:23 PM.  The meeting was adjourned at 1:54 PM.  Agenda was posted  May 3, 2012 at 1:08 PM on east entrance door and the south west entrance. 

 

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 04-17-12.  Roll call:  Commissioner Smith-yes, Commissioner Duncan – yes, Commissioner Cornell-yes.  Motion carried.

 

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 Delaware County Justice Authority is hereby authorized to adjourn the meeting at 1:54 P.M.  Roll Call: Commissioner Smith-yes, Commissioner Duncan–yes, Commissioner- Billy Cornell-yes.  Motion carried.

 

 

 

 ATTEST:                                                                                                                             

                                                                                DOUG SMITH -Chairman

                                               

CAROL FORTNER

Secretary to the Authority                                                                                               

Delaware County Clerk                                     BILLY CORNELL -Member

                                                               

                                                                                                                                               

                                                                                DANNY DUNCAN -Member