Bartlesville Development Authority Regular Meeting

Bartlesville Development Authority Board of Trustees 201 SW Keeler Ave (Depot) Bartlesville, OK 74003 Diana Moon Adams Chair ----- MEETING AGENDA ----- 8:00 a.m. Jamie Bennett August 26th, 2020 Secretary/Treasurer Drew Ihrig Via VideoConference Per Senate Bill 661 Chris Batchelder All Trustees shall attend by VideoConference The public may attend virtually at the following link: Ex-Officio http://www.bdaok.org/live-stream Members Dale Copeland Mayor Call to Order -Diana Adams Jim Curd City Councilor • Recognition of outgoing Trustee, Martin Garber, for eight years of service -Diana Adams David Wood President Minutes – Presentation of May 27th , 2020 Meeting Minutes -Diana Adams David King Legal Counsel Financials – Presentation of June 2020 Financial Statements -David Wood Executive Session Motion and vote to move to Executive Session pursuant to 25 O.S. Sec. 307 (C) (11) for 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 within their jurisdiction -Diana Adams Return to Open Session • Discuss and take action approving a Purchase and Sale Agreement with Siemens Corporation for acquisition of the 160,000 sqft former Siemens manufacturing facility at 406 W Highway 60, Bartlesville, OK for $1.75 million. -David Wood • Discuss and take action on a one-year, rent-free lease extension for approximately 21,165 sqft currently occupied by Siemens; retaining the 18+/- Siemens R&D employees in Bartlesville, with tenant responsible for pro-rata utilities, taxes, insurance and maintenance costs. -David Wood • Discuss and take action approving a Resolution authorizing BDA president to execute purchase and lease documents as approved by BDA Chair and Legal Counsel. -Diana Adams • Review applications and take action nominating and electing Trustee to replace Martin Garber, subject to ratification by the Bartlesville City Council - Diana Adams • Discuss and take action on a recommendation to the City Council for allocating $50,000 in financial assistance from the Economic Development Fund to KC Welding for the purchase of a Tsugami Turning Center (machining equipment), allowing precision work currently outsourced in Wisconsin to be performed in Bartlesville. -David Wood • Discuss and take action on a request for the Bartlesville City Council to set the ¼ cent Economic Development Sales Tax election for Tuesday, November 3rd, 2020. -Diana Adams Staff Reports Adjourn The Agenda was received and filed in the Office of the City Clerk on Monday, August 24, 2020 at 4:04 p.m. and posted same day at 5:00 p.m. Jason Muninger /s/ Elaine Banes City Clerk Deputy City Clerk