HomeMy WebLinkAbout2013 02_OPWA_OWRB Loan Application_2013.04.16OWASSO PUBLIC WORKS AUTHORITY
RESOLUTION NO. 2013 -02
A RESOLUTION AGREEING TO FILE AN APPLICATION WITH THE OKLAHOMA WATER RESOURCES
BOARD (THE "OWRB ") FOR FINANCIAL ASSISTANCE THROUGH OWRB STATE REVOLVING FUND
PROGRAM, WITH THE LOAN PROCEEDS BEING FOR THE PURPOSE OF FINANCING WASTEWATER
SYSTEM IMPROVEMENTS AND RELATED IMPROVEMENTS SERVING THE CITY OF OWASSO,
OKLAHOMA; AND CONTAINING OTHER PROVISIONS RELATED THERETO.
WHEREAS, The Owasso Public Works Authority (the "Authority ") has under consideration
improvements to the wastewater system serving the City of Owasso, Oklahoma, to include improvements
necessary to upgrade the wastewater collection system, including engineering, design and
construction of improvements to the Ranch Creek Interceptor, and other related engineering design
and construction (collectively, the "Project "); and
WHEREAS, it is deemed desirable for the Authority to give preliminary authorization for the issuance
of obligations for such purpose; and
WHEREAS, the Oklahoma Water Resources Board has made monies available to 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.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE OWASSO PUBLIC WORKS
AUTHORITY, THAT:
Section 1. Application. The Authority shall file an Application(s) with the Oklahoma Water
Resources Board seeking financial assistance through the OWRB State Revolving Fund 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 hereby authorizes Municipal Finance Services, Inc. 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.
Section 3. Other Matters. The Chairman or Vice Chairman and Secretary or Assistant Secretary of
the Authority are hereby authorized and directed to do all other lawful things necessary to carry out the
terms and conditions of this Resolution.
PASSED, ADOPTED AND APPROVED THIS -k DAY OF APRIL, 2013.
`01111II// /I/,
���� X,�C• WOE, ���r THE OW SSO PUBLIC WO S AUTHORITY
(SEAL) :•• JQ' •''•.�s' ��.
O f Doug ebrake, airman
SEAL I = !
ATTEST: N : 7' i O
lyra
Sherry Bisho , AuthofyfyQ�