HomeMy WebLinkAbout1999 03_OPWA_Issuance of Debt for Wastewater Treatment Plant_1999.06.15WHEREAS, The Owasso public Works Authority, Tulsa County, Oklahoma (the
"Borrower "), was organized under Title 60, Oklahoma Statutes 1991, Sections 176 - 180.4, as
amended, for the purpose of hering the public functions of the City of Owasso, Oklahoma (the
"City "); and
determined WHEREAS, the Board has approved a loan application of the Borrower and the Borrower
has r borrow money from - Board for the purpose • _ outstanding
f,trincipal amount of r • Note and to evidence such loan by . - of
Borrower's Series 1999A Clean Water SRF Promissory Note to Oklahoma Water Resources Board
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Section 2. Designation of Local Trustee. The Borrower hereby designates Bank One Trust
Company, NA to serve as the Local Trustee of certain funds in relation to the 1999B Note.
Section 3. Execution of Loan Agreement and Loan Agreement For Clean Water SRF Loan.
The Loan Agreement For Clean Water SRF Loan and the Loan Agreement, both by and between
the Borrower and the Board (collectively, the "Loan Agreements ") are hereby approved and the
Chairman or Vice Chairman and Secretary or Assistant Secretary are hereby authorized to execute
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same for and on behalf of the Borrower, and to. do all other lawfal things to carry out the terms arl
conditions of said Loan Agreements. M
Section 9. Certificate of Resignation The Borrower anticipates that the total amount of
tax-exempt obligations (other than private activity bonds) issued by the Borrower or other issuers
on behalf of the City of Owasso, Oklahoma will not exceed $5,000,000 for calendar year 1999 and
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hereby authorizes the Chairman or Vice Chairman and Secretary or Assistant Secretary to execute
and deliver on behalf of the Borrower a Certificate of Designation to that effect.
Section 10. Sales Tax Pledge. That the Chairman or Vice Chairman and Secretary or
Assistant Secretary of the Borrower be and are hereby authorized to execute and deliver any and all
documentation on behalf of the Borrower pertaining to the year-to-year pledge of the Limited Sales
Tax Revenue for purposes of securing the Notes.
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OROW, "If
Mark Wilken, Chairman
Boutwell, Secretary
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F-11,1049, 111SAM1111
STATE OF OKLAHOMA )
)SS
COUNTY OF TULSA )
(SEAS,)
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Secretary
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Fees and Expenses Paid at Closing
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Acceptance Fee
Fagin, Brown, Bush, Tinney & Kiser
Legal Fee and Reimbursement
For Out-of-Pocket Expenses
Ronald D. Cates
Legal Fee and Reimbursement
For Out-of-Pocket Expenses
Leo Oppenheim, A division of BOSC, Inc.,
A subsidiary of BOK Financial Corp.
Financial Advisory Fee and Reimburseme
For Out-of-Pocket Expenses I
Oklahoma Water Resources Board
Rating Fee
Oklahoma Water Resources Board
Accrued Interest and Administrative Fe*
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To be established
Pursuant to Closing
Order of Borrower