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HomeMy WebLinkAbout1992.01.27_City Council MinutesOWASSO CITY COUNCIL JANUARY 27, 1992 On Monday, January 27, 1992 the Owasso City Council met in a joint special session with the Owasso Public Golf Authority in the Conference Room at the City Hall per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 4:00 p.m. on Thursday, January 23, 1992. ITEM 1: CALL TO ORDER. The meeting was called to order at 5:30 p.m. with Mayor Phillips presiding. ITEM 2: ROLL CALL. PRESENT: John Phillips, Mayor Patricia Marlar, Vice Mayor Mark Thompson, Councilman (arrived at 5:32 p.m.) Bob Randolph, Councilman Jason Gittelman, Councilman Rodney J. Ray, City Manager Ronald D. Cates, City Attorney Jane Buchanan, City Clerk Sherry Bishop, City Treasurer Tom Rikkola, Chairman, OPGA Glenna Anderson, Member, OPGA Brian Skelton, Member, OPGA Ed Sokoloky, Member, OPGA Marcia Boutwell, Secretary, OPGA ABSENT: Bob Oldefest, Member, OPGA A quorum was declared present. ITEM 3: REQUEST FOR COUNCIL CONSIDERATION AND APPROPRIATE ACTION ON RESOLUTION NO. 92-06. A RESOLUTION APPROVING THE INCURRING OF INDEBTEDNESS OF THE OWASSO PUBLIC GOLF AUTHORITY BY INCREASING THE PRINCIPAL AMOUNT OF RECREATIONAL FACILITIES REVENUE BONDS, SERIES 1992 TO BE ISSUED BY THE AUTHORITY TO AN AMOUNT EQUAL TO $4,905,000.00 AND TO AMEND THE RESOLUTION TO PROVIDE FOR ORIGINAL ISSUE DISCOUNT IN THE AMOUNT OF 2.686% OF THE PRINCIPAL AMOUNT OF BONDS ISSUED, AND CONTAINING OTHER PROVISIONS RELATING THERETO. Mr. Randy Nelson with Stiffel Nicholaus & Company, Inc. presented this item relating the joint members on the need to increasing the indebtedness and increasing the original issue discount. 1 OWASSO CITY COUNCIL JANUARY 27, 1992 After discussion, a motion was made by M. Thompson, seconded by B. Randolph, to approve Resolution No. 92-06 as presented. AYE: Thompson, Randolph, Gittelman, Marlar, Phillips NAY: None MOTION: Carried 5-0 ITEM 4• ADJOURN. With there being no further business to be brought before the Council, Mayor Phillips asked for a motion to adjourn the City Council meeting and turned the chair over to Chairman Rikkola to conduct the business of the Owasso Public Golf Authority. A motion was made by M. Thompson, seconded by B. Randolph, to adjourn. AYE: Thompson, Randolph, Gittelman, Marlar, Phillips NAY: None MOTION: Carried 5-0 Meeting was adjourned at 5:37 p.m. J fillips, Mayor J e Buchanan, City Clerk 2