Video index

1. Call to order the meeting of the Bartlesville City Council and Bartlesville Development Authority by Mayor Copeland

3. Citizens to be heard.

4. Presentation of business recruitment opportunity: Blue Whale Materials, a lithium-ion battery recycling operation in two vacant facilities in the Bartlesville Industrial Park.

5. Discuss and possibly take action by BDA approving a ten (10) year lease of BDA-owned 50,000 sqft warehouse at 7323 International Court and Lots 3, 10 & 11 (with first right of refusal for Lots 12 & 13) to Blue Whale Materials for a total base rental of $3,952,835 to include up to $1,000,000 in BDA-funded tenant improvements. Subject to approval of City Council Item 9.

6. Discuss and possibly take action by BDA approving a Development Agreement between the Bartlesville Development Authority and Blue Whale Materials providing $750,000 in rent credits applicable to the first 25 months, and up to $600,000 ($15,000 per FTE above 50) as of January 2026 applicable against monthly rent until exhausted. Subject to approval of City Council Item 10.

7. Discuss and possibly take action by BDA approving an agreement with Keeco, LLC terminating the lease expiring on July 31, 2025 on October 15, 2023 with Keeco paying an early termination fee to BDA of $93,881 in three equal installments, due no later than the Termination Date, November 15, 2023, and December 15, 2023. Subject to approval of City Council items 9 & 10.

8. Discuss and possibly take action by BDA with respect to a resolution regarding request of Blue Whale Materials, LLC for the issuance of one or more series of private activity bonds and inducement thereof; authorizing the filing of one or more applications for required designations or allocation of volume cap; and authorizing other actions, requests, approvals, and consents related thereto.

9. Discuss and possibly take action by the City Council to transfer ownership of Lots 10, 11, 12 & 13 of Section III, Bartlesville Industrial Park, to the Bartlesville Development Authority via Quit Claim Deed.

10. Discuss and possibly take action by the City Council to reimburse BDA via the Economic Development Fund for employment-based rent credits (incentives) provided to BWM by BDA up to $750,000 through month 25, and up to a maximum of $600,000 based on FTE headcount greater than 50 on December 31, 2026, as specified in the Development Agreement.

11. Discussion and possible action by the City Council with respect to a resolution authorizing the Bartlesville Development Authority to issue its not to exceed $45,000,000 revenue bonds or notes by negotiated sale; and containing other provisions relating thereto.

Sep 19, 2023 Special City Council

Full agenda
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1. Call to order the meeting of the Bartlesville City Council and Bartlesville Development Authority by Mayor Copeland

3. Citizens to be heard.

4. Presentation of business recruitment opportunity: Blue Whale Materials, a lithium-ion battery recycling operation in two vacant facilities in the Bartlesville Industrial Park.

5. Discuss and possibly take action by BDA approving a ten (10) year lease of BDA-owned 50,000 sqft warehouse at 7323 International Court and Lots 3, 10 & 11 (with first right of refusal for Lots 12 & 13) to Blue Whale Materials for a total base rental of $3,952,835 to include up to $1,000,000 in BDA-funded tenant improvements. Subject to approval of City Council Item 9.

6. Discuss and possibly take action by BDA approving a Development Agreement between the Bartlesville Development Authority and Blue Whale Materials providing $750,000 in rent credits applicable to the first 25 months, and up to $600,000 ($15,000 per FTE above 50) as of January 2026 applicable against monthly rent until exhausted. Subject to approval of City Council Item 10.

7. Discuss and possibly take action by BDA approving an agreement with Keeco, LLC terminating the lease expiring on July 31, 2025 on October 15, 2023 with Keeco paying an early termination fee to BDA of $93,881 in three equal installments, due no later than the Termination Date, November 15, 2023, and December 15, 2023. Subject to approval of City Council items 9 & 10.

8. Discuss and possibly take action by BDA with respect to a resolution regarding request of Blue Whale Materials, LLC for the issuance of one or more series of private activity bonds and inducement thereof; authorizing the filing of one or more applications for required designations or allocation of volume cap; and authorizing other actions, requests, approvals, and consents related thereto.

9. Discuss and possibly take action by the City Council to transfer ownership of Lots 10, 11, 12 & 13 of Section III, Bartlesville Industrial Park, to the Bartlesville Development Authority via Quit Claim Deed.

10. Discuss and possibly take action by the City Council to reimburse BDA via the Economic Development Fund for employment-based rent credits (incentives) provided to BWM by BDA up to $750,000 through month 25, and up to a maximum of $600,000 based on FTE headcount greater than 50 on December 31, 2026, as specified in the Development Agreement.

11. Discussion and possible action by the City Council with respect to a resolution authorizing the Bartlesville Development Authority to issue its not to exceed $45,000,000 revenue bonds or notes by negotiated sale; and containing other provisions relating thereto.

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