HomeMy WebLinkAbout1998 06_OPWA_Authorize Revenue Anticipation Note_1998.08.04
PUBLIC WORKS AUTHORITY
OWASSO
-'28-010
A ::<ESOLUTION ~lF THE OW~.SSO PUBI.,IC WORKS
AUTHOR][TY 1lJJTH1)RIZING ;t~HE ISSUANCE" EXECUTION
A~D DELIVERY OF THE OWASSO PUBLIC WORKS
AUTHORITY REVENUE P~TICIPATION NOTE IN AN
fu~OUNT NOT TO EXCEED ONE MILLION, EIGHT
HUNDRED THOUSAND AND NO/IOD DOLLARS
($1,800,000.00), TO THE CITY. OF OWASSO,
OKLAHOl'A, APPROVING 'EHE AGREEiJJ:EN'T, FORM
REVENUE ANTICIPATION NOTE AND OTHER DOCUMENTS
AND AGREEMENTS AS MAY BE NECESSARY OR
REQUIRED; 1JJ.m CONTAINnm OTHER PROVISIONS
REk~TING THERETO
:wsnJM'BE1R
RESOLUTH)~:I
WHEREAS; the OvJasso ic\vorks .Authority '\,JaS created by a
Declaration of Trust, dated as of January 10, 1973, (collectively
the "Trust Indentureli for the use a.nO benefit. of the City of
Owasso, Oklahoma (the i':Cityil) under au.thority of and pursuant to
the provisions of Title 60 O.S. 1981, Section 176 to 180.3
inclusive as a~ended and supplemented and other applicable statutes
of the State of Oklahoma; andy
WHEREAS, the .Authcri has determined that it would be most
advantageous at this time for Authority to provide funds for
the financin':J of the Elm Creek Sevler Interceptor Project the
construction located the Cj.ty;
and,
'WHEREAS, there has been presented to this meeting a form of
Agreement and Revenue Arrcicipation Note dated as of the 4th day of
August, 1998; by and between the Authority and the City of Owasso,
Oklahoma (the liNotell).
THE TRUSTEES OF THE OWASSO
NOW, THEREFORE, BE IT RESOLVED BY
PUBLIC WORKS AUTHORITY THAT, TO-WIT:
SECTION ONE. The Agreemen"t and form 0:: the No"te presented to
this meeting be, and hereby is, approved, and the Chairman or Vice-
Chairm::m of the 'Trustees "the Secret.ary or any l'tssistant.
Secretary of Trustees of the Authority be, and hereby are,
authorized, direc.ted, and empowered to execute and deliver in the
name of the Aut.hori ty f the Agreement and the Note in said form and
containing the terms and provisions contained in said Note, the
execution thereof by such officers being conclusive evidence of
such approvaly and to execute and deliver in the name of and on
behalf of the Authoritv all documents, closing papers, certificates
and such other documents as are necessary to accomplish the
issuance of the Revenue Anticipation Note
the Authority
documents and
~he officers of
Note and other
..
Th.e sigrtct.ures of
Agreement and the
SECTION TWO.
appearin9 on t:.he
agreements closing papers and certificates executed and delivered
pursuant to this resolrrtion shall be conclusive evidence of their
approval thereof and of ~heir authority to execute and deliver such
agreements and documents on behalf of the Authority
SECTION THREE. Chairman or Vice-Chairman of the Trustees
and the Secretary or any Assistant Secretary of the Trustees of the
be y they are f authorized and empo"itJered for and
on behalf of the Authority to execute and deliver such further
agreements and doclliuents and to take such action as such officer or
officers may deem necessary or desirable in order to carry out and
perform the ~\l"ote and any contrac"cs f documents 1 or instruments
executed and delivered in connection the issuance of the Note,
and .to effect the purposes thereoi~ and .co consummate ':he
transactions contemplated
1992
PJ.ugust
OT
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c:a.y
s
Fi"PPROVED
~.J~D
PASSED
WOR.KS AUTHORITY
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tits/II &y7..Ji ;(vt J()
(1'-.-/ ~,--!,/ / ~
benise Bode; Chairman
OW1U3S0 PUBLIC
By
FORI'Iif
Aut.~..1.O r r ty-
TO
Rona
l.\:ttorney