HomeMy WebLinkAbout2002 05_OPWA_Loan Application OWRB_2002.10.15
THE OW ASSO PUBLIC WORKS AUTHORITY
RESOLUTION NO 2002-05
A RESOLUTION AGREEING TO FILE APPLICATION WITH THE
OKLAHOMA WATER RESOURCES BOARD FOR FINANCIAL
ASSIST ANCE THROUGH THE CLEAN WATER SRF LOAN PROGRAM
AND THE FINANCIAL ASSISTANCE PROGRAM, FOR THE PURPOSE
OF REFINANCING INTERIM DEBT WHICH INITIALLY FINANCED
WASTEWATER SYSTEM IMPROVEMENTS; AND CONTAINING
OTHER PROVISIONS RELATED THERETO.
WHEREAS, The Owasso Public Works Authority, Tulsa County, Oklahoma (the
"Authority) has under consideration the refinancing of certain interim construction debt (the
"Refinancing"), which debt is evidenced by (i) the Authority's Series 2001D Interim Construction
Clean Water SRF Promissory Note to Oklahoma Water Resources Board, and (ii) the Authority's
Series 2001E Clean Water SRF Interim Construction Bond Loan Promissory Note to Oklahoma
Water Resources Board; and
to give preliminary authorization of the
WHEREAS, it is deemed desirable for the Authority
issuance of obligations for such purpose; and
WHEREAS, the Oklahoma Water Resources Board has made monies available to qualified
entities for the financing and/or refinancing 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 will be sufficient to pay certain
of the 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
the Financial Assistance Program; and the Chairman or Vice Chairman and Secretary or Assistant
Secretary ofthe 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, LLC, 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 accomplish the Refinancing.
Assistant
necessary
Section 3. Other Matters. The Chairman or Vice Chairman and Secretary or
Secretary of the Authority are hereby authorized and directed to do all other lawful things
to carry out the terms and conditions ofthis Resolution
2002
DAY OF OCTOBER
TH
15
AND ADOPTED THIS
THE OW ASSO PUBLIC WORKS AUTHORITY
'"
APPROVED AS TO FORM
OPW A Resolution #2002-05
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