County forms Expo Trust
9/27/2013 5:19:15 PM
10/30/2014 9:59:05 AM
by Scott Cloud/Newkirk Herald Journal
Kay County Commissioners unanimously approved an agreement Monday that sets in motion the creation of the Kay County Exposition Authority.
The new trust authority, similar to the Kay County Justice Facilities Authority that constructed and oversees the Kay County Detention Center, would oversee the potential building and operation of a future Kay County Expo Center.
The new trust authority operates under the direction of the Kay County Commissioners.
After the commissioner’s action Monday, the new trust will meet to form a board and adopt a set of by-laws to govern the trust.
Trust attorney David Cummings called the new board a “task force,” into the potential development of an expo center for Kay County.
“The board needs approval from the commissioners to operate,” Cummings said.
Kay County District Attorney Brian Hermanson was concerned that with commissioners Dee Schieber and Tyson Rowe’s terms expiring, the trust could not legally spend money or if it did, would have to be revoted by the new commissioners in January.
“It is not illegal for the commissioners to appoint a trust,” Hermanson said. “But to spend money, I believe it is.”
Cummings disagreed with Hermanson.
“The powers of these trusts have such a broad scope, I don’t see that it would be illegal,” he said referring to the jail trust authority. “But we can agree to disagree.”
He then joked, “And sometimes, one of us is right.”
Board members on the new trust include Jeff Kubik, Rick Buellesfeld, Cindie Klumpp, Scott Haywood and John Spore.
A time for the first meeting has not been scheduled.
Kay County Commissioners signed documents Monday that enters the county into contractual agreements with Architects in Partnership in Norman and the Floyd Law Firm, P.C. (Bond Counsel) and Baumert, Cummings and Hiatt (Issuer Counsel).