ALASKA NATURAL GAS DEVELOPMENT AUTHORITY

 JULY 14, 2003

Minutes of Board Meeting

Members of the Board that participated in person are:  Scott Heyworth, Dan Sullivan.  Telephonic participants included, Andy Warwick, Warren Christian, David Cuddy and John Kelsey.

Andy Warwick, Chairman, called the Board meeting to order at 1:15 p.m. 

David Cuddy made a motion to choose Harold Heinze as the CEO for the Alaska Natural Gas Development Authority.  John Kelsey seconded the motion.  No additional applications were received for the CEO position.  Steve Porter reviewed the contract for the CEO.  Mr. Heinze would be paid at the 28A range position.  The end date of the contract is approximately March 15, 2004.  The approximate annual salary would be $101,000.00 with benefits.  Discussion followed.  Mr. Heinze’s appointment was unanimously approved. 

The next meeting of the Board will be held Monday, July 28, 2003 at 9:00 a.m.  The meeting will be held at the JPO office in the Sunshine Plaza. 

Harold Heinze reported that at the next meeting he would have the following

1.      Business cards

2.      Short list of candidates for the second position (research assistant/administrator)

3.      Progress report on long term elements to be pursued

4.      Authority website set up     

5.      Bylaws

6.      Oil and Gas rundown on Alaska’s gas reserves

7.      DOR basics of different models to be viewed

8.      Preliminary list of alternatives – what are things to be looking at

9.      Stranded Gas Act negotiations information – DOR

Nondisclosure agreements were discussed and will be review more at the next meeting.

The Wood Mackenzie presentation will be Friday at 11:00 a.m.  Scott Heyworth, Dan Sullivan and Warren Christian will try to attend this presentation. 

Dan Sullivan requested that the bylaws be reviewed and suggested revisions be sent to John or Dan so that the bylaws can be approved at the next Board meeting.

The meeting was adjourned at 1:40 p.m.

Respectfully submitted,

Linda Schwass, Commissioner’s Office, Department of Revenue

Attendees: Steve Porter, Harold Heinze, Kirsten Nelson, Jason Bergerson