Bartlesville Development Authority Special Meeting

Bartlesville Development Authority Board of 201 SW Keeler Ave (Depot) Trustees Bartlesville, OK 74003 Bob Fraser Chairman ---- SPECIAL MEETING AGENDA ----- 8:00 a.m. Lori Roll January 12th, 2018 Secretary Call to Order -Bob Fraser Ford Drummond Treasurer Minutes - October 25th, 2017 Meeting Minutes -Bob Fraser Martin Garber Financials - Presentation of September, October, and November, 2017 Financial Statements -David Wood Glenn Bonner Budget Amendment – Discuss and possibly take action on a proposed Operating Budget modification incorporating actual year-end cash, and audit adjustments. -David Wood Ex-Officio Members Executive Session Dale Copeland Mayor Motion and vote to move to Executive Session pursuant to 25 O.S. Sec. 307 (C) (10) for the purpose of conferring on matters pertaining to economic development, including the transfer of Jim Curd property, financing, or the creation of a proposal to entice a business to locate within their City Council jurisdiction. -Bob Fraser David Wood Return to Open Session President Sunset Land Sale – Discuss and take action approving the sale of 40 acres of land within David King Sunset Industrial Park to Service and Manufacturing Corporation (SMC) for $5,000 per Legal Counsel acre ($200,000) to facilitate expansion of custom manufacturing operation, subject to City Council approval of Addendum (provision of utilities). -David Wood Subordination of Mortgage – Discuss and take action subordinating BDA’s forgivable First Mortgage on Priority Bargains Warehouse to Primary Lender, Arvest/SBA. -David Wood President’s Performance-based Compensation – Discuss and take action on payment of president’s second-half 2017 Performance-based Compensation of $12,917. -Bob Fraser Reports- 2017 wrap-up of completed projects/initiatives, long-term financial position, and initial discussion of potential priorities for upcoming year(s). -Bob Fraser and David Wood New Business Public Comment Adjourn Notice of Meeting and Agenda were received in the Office of the City Clerk on Tuesday, January 9, 2018 at 1:53 p.m. and posted same day at 5 p.m. Mike Bailey Elaine Banes Mike Bailey, City Clerk by Deputy Clerk Administrative Director/CFO