The GERA Board Meeting held on April 8, 2025, in Guthrie, Oklahoma, focused on several key agenda items, primarily concerning financial matters and procedural approvals.

The meeting commenced with discussions regarding the issuance of invoices related to ground leases. Board members noted that no invoices had been sent out, despite inquiries from tenants awaiting these documents. It was clarified that the invoices would be distributed only after receiving approval from the city council. The board confirmed that ground leases not subject to Consumer Price Index (CPI) adjustments had already been sent out, with most payments collected. The remaining invoices pertained to six or seven ground leases that are subject to CPI adjustments, which occur every five years.

Following this discussion, the board moved to address procedural matters from a previous meeting. A motion was made and seconded to rescind an action taken during the Airport Board meeting on March 11. The motion passed with unanimous approval.

The meeting then transitioned to the consideration of amendments related to the Consumer Price Index. Board members were invited to discuss and vote on three specific amendments. A motion was made to approve these amendments, which was seconded. After a brief discussion, the board voted in favor of the amendments, with no opposition noted.

In conclusion, the meeting effectively addressed the pending financial matters concerning ground leases and made necessary procedural adjustments. The board's actions reflect a commitment to transparency and responsiveness to tenant concerns, with plans for further follow-up actions as needed.