DELAWARE COUNTY ECONOMIC

DEVELOPMENT AUTHORITY SPECIAL MEETING

August 25, 2008

The Board of Delaware County Economic Development Authority at Jay, Oklahoma, met in Special Session on August 25, 2008 at  1:00 P.M.   Agenda was posted August 22, 2008 at 11:28 A.M. on east entrance door.  This meeting was recessed at 3:00 P.M.

 

Members of the Board present were Chairman-Ken Crowder, Tim Carson-Member, Lendell Bass-Member, Dr. Jim Rutter-Member, Joe Hutchison-Member and Secretary-Carol Fortner-Co. Clerk.  The Board of Delaware County Economic Development Authority are hereby authorized to take action on the following items:

 

AGENDA #1-A motion was made by Lendell Bass and seconded by Joe Hutchison to approve of the agenda as posted.   Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes. Motion carried.

 

AGENDA #2-A motion was made by Joe Hutchison and seconded by Tim Carson to approve five board members to take oath of office as follows: Chairman-Commissioner Ken Crowder, Tim Carson-Member, Lendell Bass-Member, Dr. Jim Rutter-Member, Joe Hutchison-Member.  All have signed a loyalty oath and have been sworn into office by Judge Littlefield.   Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes.  Motion carried.

 

AGENDA #3-A motion was made by Tim Carson and seconded by Joe Hutchison to approve of a resolution of the Delaware County Economic Development Authority approving and adopting the bylaws of the Delaware County Economic Development Authority as follows: Monthly meetings to be held at 1:00 PM on the first Monday of each month.  Annual year end meeting on first Monday of August at 1:00 PM . Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes.  Motion carried.

               

AGENDA #4-A motion was made by Joe Hutchison and seconded by Tim Carson to approve of the appointment of a Chairperson and a Vice-Chairperson for the Delaware County Economic Development Authority.  Ken Crowder was nominated for Chairman and Dr. Rutter was nominated for Vice-Chairman.   Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes.  Motion carried.

 

AGENDA #5-A motion was made by Dr, Rutter and seconded by Lendell Bass to approve of a resolution of the Delaware County Economic Development Authority designating the General Manager and authorizing the performance of certain responsibilities by the General Manager of the Delaware County Economic Development Authority.  The Delaware County Clerk-Carol Fortner was nominated as General Manager.  Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes. Motion carried.

 

AGENDA #6-A motion was made by Joe Hutchison and seconded by Dr. Rutter to approve of a resolution of the Delaware County Econoomic Development Authority designating the Secretary and the Treasurer of the Delaware County Economic Development Authority as follows: Secretary – Delaware County Clerk-Carol Fortner and Treasurer-Delaware County Treasurer-Mary Jane Law.  Roll call:  Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes.  Motion carried.

 

AGENDA #7-A motion was made by Joe Hutchison and seconded by Tim Carson to approve of a resolution authorizing the approval and assumption by the Delaware County Economic Development Authority of the re-development agreement by and between Delaware County and the Peninsula Resort & Club-Grand Lake, LLC, in order to implement the Grand Lake Economic Development and Tourism Project Plan for the re-development of the formerly bankrupt Shangri-La Resort.  Roll call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes. Motion carried.

 

AGENDA #8-A motion was made by Dr. Rutter and seconded by Lendell Bass to approve of a resolution authorizing the issuance of Delaware County Economic Development Authority revenue notes in aggregate amount not to exceed $25,000,000 in tax apportionment obligations; waiving competitive bidding of the sale of the revenue notes; approving and authorizing the Chairman of the authority to approve, finalize, execute , modify and/or deliver the necessary or appropriate transactional documents regarding the notes; and authorizing disbursements of proceeds from the sale of the notes for the payment of project costs in connection with increment District #1, County of Delaware, amendments thereto approved by the authority. As amended to read 2/3 instead of ¾ approval-changes to page 1-paragraph 3.   Roll call:  Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes.  Motion carried.

 

AGENDA #9-A motion was made by Lendell Bass and seconded by Joe Hutchison to adjourn the meeting with the next meeting to be scheduled for October 6, 2008 at 1:00PM.  Roll Call: Commissioner Crowder-yes, Tim Carson-Member-yes, Lendell Bass-Member-yes, Dr. Rutter-Member-yes, Joe Hutchison-Member-yes .  Motion carried.

 

 

 

ATTEST:                                                                                                                              

                                                                                KEN CROWDER -Chairman

                                               

CAROL FORTNER-SECRETARY                                                                      

Delaware County Clerk                                     JOE HUTCHISON-Member

                                                               

                                                                                                                                               

                                                                                 LENDELL BASS-Member

 

                                                                                                                                               

                                                                                 DR. JIM RUTTER-Member

 

                                                                                                                                               

                                                                                 TIM CARSON-Member