HomeMy WebLinkAbout1984.02.27_City Council Minutes31
On Monday, February 27, 1984, the Owasso City Council met in
special session in the Council Chambers at City Hall per the
Notice of Public Hearing and Agenda psoted on City Hall bulletin
board at 4:30 p.m, on February 23, 1984.
IT-EM l: CALL TO ORDER
The meeting was called to order at 8:17 a.m, with Mayor Spencer
presiding.
ITEM 2: FLAG SALUTE
Flag salute was led by Mayor Spencer.
ITEM 3: ROLL CALL
PRESENT: Boyd M. Spencer, Mayor
Wauhilleau Webb, Vice-Mayor
James Smalley, Councilman
Von Stockler, Councilman
Ben Iiynum, City Manager
Ann Hendrickson, City Clerk
ABSENT: Phyllis Gross, Council-woman
Ron Cates, City Attorney
ITEM 4: CONSIDERATION OF ADOPTION OF THE EMERGENCY CLAUSE OF
RESOLUTION 8 -04 APPROVING THE INCURRING OF INDEBT-
EDNESS BY THE TRUSTEES OF THE OWASSO INDUSTRIAL
UTHORITY IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED
SION
Motion was made by James Smalley, seconded by Von Stockler, to
adopt the emergency clause of Resolution ~~84-04 approving the
incurring of indebtedness by the trustees of the Owasso Indus-
trial Authority in the principal amount of not to exceed
$800,000.for the purpose of financing the expansion of an
industrial manufacturing facility for Woods Energy Products,
Inc., and the negotiated sale, issuance and delivery of a
promissory note evidencing such indebtedness.
AYE: Messrs. Spencer, Stockl-er, Smalley; Mrs. Webb
NAY: None
Motion carried.
There being no further business before the Owasso City Council,
meeting adjourned at 8:23 a.m. ~
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BOYD ~. SPE R, MAYOR
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ENERGY PRODUCTS, INC., AND THE NEGOTIATED SALE,
ISSUANCE AND DELIVERY OF A PROMISSORY NOTE EVIDENCING
UCH ITDEBTEDNESS.