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 27th, 2019 Secretary/Treasurer Martin Garber Call to Order -Bob Fraser Diana Moon Adams Minutes – January 23rd 2019 Meeting Minutes -Bob Fraser Kyle Hubbard Financials – Presentation of December 2018 Financial Statements -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 the Mayor 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 within their Jim Curd City Council jurisdiction -Bob Fraser David Wood Return to Open Session President Business David King Legal Counsel Discuss and possibly take action on a proposal from SVA Value Accelerators, LLC to identify, qualify, and present viable businesses for acquisition and relocation to Bartlesville. Fees under 18-month pilot project will be $150,000 (60-day termination clause) plus out-of-pocket expenses, with a bonus of $200,000 upon successful closing of a targeted acquisition -Bob Fraser Discuss and possibly take action on a recommendation to the Bartlesville City Council to appropriate $150,000 from the Economic Development Fund for a forgivable loan to Custom Molding Services to facilitate the purchase and move into the former Voice of the Martyrs warehouse facility at 510 W. Adeline, and add 15 new jobs -David Wood Discuss and possibly take action accepting a donation of approximately 2.5 acres of land, Tracts 7 and 8 of the Adams Hills Office Park, 4100 SE Adams Road, subject to due diligence review by BDA legal counsel -David Wood Staff Reports Public Comment Adjourn The Agenda was received in the office of the City Clerk, Bartlesville, Oklahoma at 10:38 a.m. on Monday, February 25, 2019 and posted same day at 5:00 p.m. Jason Muninger /s/ Elaine Banes City Clerk/Finance Director by Elaine Banes, Deputy City Clerk