Board Meeting Agenda

NOTICE OF REGULAR MEETING
OF
SPANISH COVE HOUSING AUTHORITY

Pursuant to the Oklahoma Open Meeting Acts (25 O.S. § 31 1) notice is hereby given that the Spanish Cove Housing Authority, an Oklahoma Public Trust, will bold a regular meeting on August 26, 2025 (Tuesday) at 5:30 p.m. Sherman Huff Plaza, 1401 S. Cornwell, Yukon, OK and via videoconferencing on Zoom Meeting https://zoom.us/jZ844 9590 0282, to conduct such business, old and new, as necessary to the business and affairs of the Authority.   The following Trustees will appear in-person at 1401 S. Cornwell: Velta Johnston, Larry Taylor, Donna Yanda, Lonnie Courtright. Mike McEachern, Randy Stafford and Leslie Soulen. The public is invited to appear in person or via ZOOM.   Executive staff will be joining In-person

It is expected that the following items will come up for consideration:

Roll Call of Trustees

Public comment

Finance Report

Consent Docket

• Approval of the minutes of the regular meeting on July 22, 2025.
• Acceptance of Marketing Sales Report for August, 2025
• Approval of all Salaries and Expenses paid in July, 2025.
• Approval of Out-of-State Travel for Elizabeth Ritter and Cheryl O’Neill to attend the 2025 Ziegler Senior Living Finance + Strategy Conference in Austin, TX, September 8-1 0, 2025, at an estimated cost of $3000.00
• Review and Approval of Hospice Monthly Update.
• Acceptance and Approval of the QAPI Minutes for Spanish Cove at Home Home Health.
• Acceptance and Approval of the QAPI Minutes for Spanish Cove at Home Hospice.
• Acceptance and Approval of Compliance and Ethics Quality Assurance for Aprl, May, and June 2025.

Consideration and authorization to purchase property at 1330 S. Cornwell, Yukon , OK 73099 for $ 560,000.00 plus closing costs.

Consideration and final action upon a resolution authorizing and approving the issuance of bonds, notes or other evidence of indebtedness (the “Obligations”) in one or more series, on a tax-exempt or taxable basis, at a premium or discount, up to an aggregate principal par amount not to exceed Six Hundred Thousand and No/100 Dollars ($600,000.00) to provide for the financing of the acquisition of real property for use by a certain continuing care retirement community and senior living facility for the Spanish Cove Housing Authority (the “Authority”) known as the “Spanish Cove Retirement Village”; establishing any related reserves and funds; paying costs of issuance; waiving competitive bidding regarding the sale of the Obligations; approving and authorzing execution and delivery of the Obligations, Loan Documents, including, but not limited to. loan agreement, note, mortgage, and security agreement, including amendments thereto, and all additional instruments and documents supporting the transaction to effect said issuance; approving other related actions in connection therewith; designating professionals; and authorizing the officers to   execute any documents related to the Obligations.

Consideration and possible action upon a Legal Services Agreement between Spanish Cove Housing Authority and Floyd & Driver, PLLC, as general counsel for certain legal services to be rendered in order to lawfully effect the business and activities of the Authority.

Consideration and possible action upon agreement with ARI, lnc. to perform an operational assessment of Spanish Cove day-to-day operations with the objective of identifying the strengths of the current systems and processes, potential opportunities for improvement, expense efficiency and opportunities for revenue enhancement at a cost of $38,000 plus allowed reimbursable expenses.

Strategic Planning Discussion

Administrator’s Report

Vote to go into Executive Session

Proposed Executive Session to discuss the Employment Contract and Compensation of Dou Blose as pursuant to 25 O.S. Section 307B.1

Vote to come out of Executive Session

Discussion and Vote on Contract and Compensation for Executive Administrator, Don Blose

Old Business

New Business

Trustee Discussion

Adjournment

CERTIFICATE
I certify that a copy of the above notice was posted at 11 Palm, Yukon, Oklahoma more than 24 hours prior to the time of said meeting.

Spanish Cove Housing Authority

By: Velta Johnston

Chairman, Board of Trustees