Bartlesville Development Authority Regular Meeting

Bartlesville Development Authority Board of 201 SW Keeler Ave (Depot) Trustees Bartlesville, OK 74003 Bob Fraser Chairman ---- MEETING AGENDA ----- 8:00 a.m. Lori Roll February 24, 2016 Secretary Ford Drummond Treasurer Call to Order – Bob Fraser Martin Garber Minutes – Approval of December 16th Meeting Minutes Glenn Bonner Financials Presentation of December 2015 and January 2016 Financial Statement – David Wood Ex-Officio Members Executive Session Dale Copeland Motion and vote to move to Executive Session pursuant to 25 O.S. Sec. 307 (C) (10) for City Council the purpose of conferring on matters pertaining to economic development, including the transfer of property, financing, or the creation of a proposal to entice a business to locate Tom Gorman within their jurisdiction and 25 O.S. Sec. (B) (1) for the purpose of conferring on the City Council payment of BDA president’s second-half 2015 performance based compensation. David Wood Return to Open Session President David King Business Legal Counsel Discuss and take action on a proposal to provide up to 10 acres of land in the Bartlesville Industrial Park, and up to $100,000 in infrastructure extension, to ONG for the construction of a new service center - David Wood Discuss and take action to approve a Development Agreement and borrowing authorization for up to $4.36 million in reimbursement to Bartlesville Investment Partners, LLC upon completion of 80,000 sqft of new retail space along Adams Blvd., east of Silver Lake Rd., and the purchase of approximately 85 acres of adjacent land for up to $1.3 million, and the optioning of approximately 16 acres of Adams frontage for $100,000 – David Wood Discuss and take action on payment of President’s second-half 2015 Performance-Based Compensation– Bob Fraser New Business Public Comment Adjourn The Agenda was received in the office of the City Clerk, 401 S. Johnstone Ave. on Monday, February 22, 2016 at 4:16 p.m. and posted same day at 5 p.m. Mike Bailey /s/ Elaine Banes Mike Bailey by Elaine Banes City Clerk Deputy City Clerk