HomeMy WebLinkAbout2001 04_OPWA_Loan Application to OWRB_2001.03.20
THE OW ASSO PUBLIC WORKS AUTHORITY
RESOLUTION NO 2001-04
A RESOLUTION AGREEING TO FILE APPLICATION WITH THE
OKLAHOMA WATER RESOURCES BOARD FOR FINANCIAL
ASSISTANCE THROUGH THE CLEAN WATER SRF LOAN PROGRAM
AND/OR FINANCIAL ASSISTANCE PROGRAM, FOR THE PURPOSE OF
FINANCING AND REFINANCING THE EXPANSION AND
IMPROVEMENT OF THE AUTHORITY'S W ASTEW A TER FACILITIES
AND CONTAINING OTHER PROVISIONS RELATED THERETO.
WHEREAS, The Owasso Public Works Authority, Tulsa County, Oklahoma (the
"Authority) has under consideration the expansion and improvement of certain of the wastewater
facilities operated by the Authority (the "Project"), as well as the refinancing of certain interim
construction debt (the "Refinancing"); and
to give preliminary authorization of
WHEREAS, it is deemed desirable for the Authority
issuance of obligations for such purpose; and
to
available
momes
made
the
WHEREAS, the Oklahoma Water Resources Board has
qualified entities for the financing of certain qualifying projects; and
WHEREAS, the Authority hereby agrees to file an application(s) with the Oklahoma
Water Resources Board for financial assistance in the aggregate amount as, based upon
engineering studies currently in progress, will be sufficient to pay certain of the costs associated
with the referenced project and to pay costs associated with the Refinancing.
NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OW ASSO
PUBLIC WORKS AUTHORITY, TULSA COUNTY, OKLAHOMA:
Section 1. Application. The Authority shall file an Application(s) with the Oklahoma
Water Resources Board seeking financial assistance through the State Revolving Fund Program
and/or the Financial Assistance Program; and the Chairman or Vice Chairman and Secretary or
Assistant Secretary of the Authority are hereby authorized to execute said Application( s) for and
on behalf of the Authority. The Authority is further authorized to advance to the Oklahoma
Water Resources Board the necessary application fees in connection with the referenced
Application(s)
Section 2. Professionals. The Authority authorizes staff of the Authority and Wells,
Nelson & Associates, L.L.c., as financial advisor and Fagin, Brown, Bush, Tinney & Kiser, as
bond counsel, to prepare and submit the referenced Application(s) on behalf of the Authority and
to take such other action as is necessary to obtain financing for the referenced Project and
Refinancing
Chairman and Secretary or Assistant
to do all other lawful things
Section 3. Other Matters The Chairman or Vice
Secretary of the Authority are hereby authorized and directed
necessary to carry out the tenus and conditions of this Resolution.
the
of
the Trustees
by
March, 2001
day of
20t
this
APPROVED AND ADOPTED
Owasso Public Works Authority
THE OW ASSO PUBLIC WORKS AUTHORITY
Chairman
Williams,
l
Will'
He
/l
APPt/ AS TO FORM
Authority Attorney
OPW A Resolution #2001-04
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Ronald D Cates