DELAWARE COUNTY

ECONOMIC DEVELOPMENT TRUST AUTHORITY

TYPE OF MEETING: REGULAR MEETING ()            RESCHEDULED REGULAR ( )

                                      SPECIAL MEETING X)         CONTINUED ( )

DATE:             TIME:                     PLACE OF MEETING:

08/25/08          1:00 P.M              COMMISSIONERS MEETING ROOM, JAY, OK

TO BE COMPLETED BY PERSON FILING NOTICE:

NAME:   KEN CROWDER

TITLE:    DIST. #1 CHAIRMAN OF BOARD

ADDRESS:  P.O. DRAWER 550 - JAY, OKLAHOMA 74346

PHONE:   918-253-4432

FILED IN THE OFFICE OF THE COUNTY CLERK OF DELAWARE COUNTY AT 4:20 P.M. ON 08/14/08 SIGNED BY CAROL FORTNER BY V. KIRBY

AGENDA:

                        ROLL CALL

                        CALL TO ORDER

1. MOTION TO APPROVE AGENDA AS POSTED

2. MOTION TO APPROVE FIVE BOARD MEMBERS TO TAKE OATH OF OFFICE

3. MOTION TO APPROVE RESOLUTION OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY APPROVING AND ADOPTING THE BYLAWS OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

4. MOTION TO APPROVE RESOLUTION OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY DESIGNATING THE GENERAL MANAGER AND AUTHORIZNG THE PERFORMANCE OF CERTAIN RESPONSIBILITIES BY THE GERERAL MANAGER OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

5. MOTION TO APPROVE RESOLUTION OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY DESIGNATING THE SECRETARY AND THE TREASURER AND AUTHORIZING THE PERFORMANCE OF CERTAIN RESPONSIBILITIES BY THE SECRETARY AND THE TREASURER OF THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY

6. MOTION TO APPROVE RESOLUTION AUTHORIZING THE APPROVAL AND ASSUMPTION BY THE DELAWARE COUNTY ECONOMIC DEVELOPMENT AUTHORITY OF THE REDEVELOPMENT AGREEMENT BY AND BETWEEN DELAWARE COUNTY AND THE PENINSULA RESORT & CLUB – GRANDLAKE, LLC, IN ORDER TO IMPLEMENT THE GRAND LAKE ECONOMIC DEVELOPMENT AND TOURISM PROJECT PLAN FOR THE REDEVELOPMENT OF THE FORMERLY BANKRUPT SHANGRI-LA RESORT

7. MOTION TO APPROVE 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 PROCEED FROM THE SALE OF THE NOTES FOR THE PAYMENT OF PROJECT COSTS IN CONNECTION WITH INCREMENT DISTRICT NO. 1, COUNTY OF DELAWARE, AMENDMENTS THERETO APPROVED BY THE AUTHORITY.

8. ADJOURN