HomeMy WebLinkAbout1988.11.07_City Council Minutesn
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OWASSO CITY COUNCIL PAGE ONE NOVEMBER 7, 1988
On Monday, November 7, 1988 the Owasso City Council met in a
special session, called by Mayor Lamb, 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,
November 2, 1988.
ITEM 1: CALL TO ORDER.
The meeting was called to order at 10:02 a.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
Rodney J. Ray, City Manager
Ronald D. Cates, City Attorney
Jane Buchanan, City Clerk
ABSENT: John P. Phillips, Councilman
A quorum was declared present.
A motion was made by P. Marlar, seconded by V. Stockler, to
recess the meeting and reconvene after the Owasso Public Works
Authority meeting has met and addressed their agenda items.
AYE: Marlar, Stockler, Thompson, Lamb
NAY: None
MOTION: Carried 4-0
Meeting was recessed at 10:05 a.m. and reconvened at 10:36 a.m.
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OWASSO CITY COUNCIL PAGE TWO NOVEMBER 7, 1988
ITEM 4: CONSIDER ADOPTION OF RESOLUTION NO. 88-13. A
RESOLUTION APPROVING THE INCURRENCE OF INDEBTEDNESS BY
THE OWASSO PUBLIC WORKS AUTHORITY ISSUING ITS PUBLIC
IMPROVEMENT REVENUE BONDS, SERIES 1988 IN AN AMOUNT NOT
TO EXCEED $6,100,000; PROVIDING THAT THE DECLARATION OF
TRUST CREATING THE AUTHORITY IS SUBJECT TO THE
PROVISIONS OF THE BOND INDENTURE AUTHORIZING THE
ISSUANCE OF SAID BONDS• APPROVING THE PROCEEDINGS OF
THE AUTHORITY PERTAINING TO THE SALE OF SAID BONDS•
APPROVING THE SECURITY AGREEMENT WITH THE AUTHORITY
PERTAINING TO THE USE OF CERTAIN SALES TAX REVENUE•
DESIGNATING BONDS AS 9UALIFIED TAX-EXEMPT OBLIGATIONS•
CONTAINING OTHER PROVISIONS RELATING THERETO.
Mr. Terry Hawkins, Bond Counsel, reviewed the Resolution with the
Council.
A motion was made by P. Marlar, seconded by M. Thompson, to
approve Resolution No. 88-13.
AYE: Marlar, Thompson, Stockler, Lamb ~
NAY: None
MOTION: Carried 4-0
ITEM 4A: CONSIDER TO DECLARE AN EMERGENCY AND ADOPT AN EMERGENCY
CLAUSE TO BE ATTACHED TO RESOLUTION NO. 88-13.
A motion was made by P. Marlar, seconded by M. Thompson, to
declare an emergency and to adopt an emergency clause to be
attached to Resolution no. 88-13.
AYE: Marlar, Thompson, Stockler, Lamb
NAY: None
MOTION: Carried 4-0
ITEM 5: ADJOURN.
With there being no further business to be brought before
Council, Mayor Lamb asked for a motion to adjourn.
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OWASSO CITY COUNCIL PAGE THREE NOVEMBER 7, 1988
A motion was made by M. Thompson, seconded by V. Stockler, to
adjourn.
AYE: Thompson, Stockler, Marlar, Lamb
NAY: None
MOTION: Carried 4-0
Meeting was adjourned at 10:38 a.m.
y ~: Lamb,/Mayor
ane Buchanan, City Clerk
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