HomeMy WebLinkAbout1988.08.05_City Council Minutes~ OWASSO CITY COUNCIL PAGE ONE
AUGUST 5, 1988
On Friday, August 5, 1988 the Owasso City Council met in a
special session in the Council Chambers at the Community Center
per the Notice of Public Meeting and Agenda posted on the City
Hall bulletin board at 4:00 p.m, on Wednesday, August 3, 1988.
ITEM 1: CALL TO ORDER.
The meeting was called to order at 5:00 p.m, with Mayor Lamb
presiding.
ITEM 2: FLAG SALUTE.
The flag salute was led by Mayor Lamb.
ITEM 3: ROLL CALL.
PRESENT: Stacy P. Lamb, Mayor
Patricia Marlar, Vice Mayor
Mark Thompson, Councilman
Von E. Stockler, Councilman
John P. Phillips, Councilman
Rodney J. Ray, City Manager
Ronald D. Cates, City Attorney
Jane Buchanan, City Clerk
ABSENT: None
ITEM 4: CONSIDERATION OF PROPOSALS SUBMITTED BY FINANCIAL
ADVISORS AND BOND COUNSEL; COUNCIL VOTE TO SELECT A
FINANCIAL ADVISOR FOR THE PURPOSE OF ADVISING THE CITY
REGARDING AN ELECTION TO EXTEND THE SALES TAX LEVY AND
OTHER BOND ISSUES.
Mr. Ray presented this item to Council stating the City had
received a letter of resignation from Neito and Associates as
financial advisors so that a replacement must be selected. He
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OWASSO CITY COUNCIL PAGE TWO AUGUST 5, 1988
stated he has contacted the other firms that had submitted
proposals to see if they were interested in representing the City
as financial advisors. Woolsey & Co. and Evan L. Davis asked to
withdraw their proposals from consideration. Representatives
from Leo Oppenheim and Stifel, Nicholaus were present and gave
the Council a brief update presentation on their proposals.
After discussion, a motion was made by Mayor Lamb, seconded by V.
Stockler, to select the Leo Oppenheim Company as financial
advisors for the City on the upcoming bond issue.
AYE: Lamb, Stockler, Phillips, Thompson, Marlar
NAY: None
MOTION: Carried 5-0
ITEM 5: ADJOURN.
With there being no further business to be brought before the
Council, Mayor Lamb asked for a motion to adjourn.
A motion was made by V. Stockler, seconded by J. Phillips, to
adjourn.
AYE: Stockler, Phillips, Marlar, Thompson, Lamb
NAY: None
MOTION: Carried 5-0
Meeting was adjourned at 6:20 p.m.
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Stacy P Lamb, Mayor
J e Buchanan, City Clerk
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