HomeMy WebLinkAbout1994 12_Approve action taken by OEDA_1994.08.23WHEREAS: The City Council hereby determines that thd
actions taken by the Authority should be
authorized and approved.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, OKLAHOMA:
Section 2.- Approval. That all actions heretofore taken by the
Authority in connection with the issuance, sale and delivery of the
First Bank of Owasso Note and the RCB Bank Note, and all other
aspects of the transaction be and are hereby authorized, approved
and ratified.
Section 3. Waiver of Competitive Bidding. In accordance with
the provisions of 60 O.S. Section 176 et seq., the City Council
hereby authorizes the Waiver of Competitive Bidding of the notes
and authorizes the direct placement thereof with First an of
Owasso and CB Bank as above setforth.
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