HomeMy WebLinkAbout1994 05_Incurring indebtedness of OEDA_1994.04.25� aw�oole"�,-�iN�ln-191�9(i�wlIll�o�u.,
WHEREAS, The Owasso Economic Development Authority has determined to issue not to
exceed $7,000,000 Revenue Bonds, Series 1994 (the "Bonds"), to provide funds
to acquire, construct, equip and furnish a manufacturing facility in Owasso,
Oklahoma, for National Steak Processors Inc, dba National Steak and Poultry or
an entity to be organized by it.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, OKLAHOMA THAT:
Section 1. The incurring of indebtedness by the Trustees of The Owasso Economic
Development Authority in the aggregate principal amount of not to exceed $7,000,000,
to be evidenced by the Bonds of the Authority, is hereby approved by the City Council
of the City of Owasso, Oklahoma, the governing body of said City.
Section 2. Competitive bidding is hereby specifically waived with respect to the
issuance and sale of the Bonds at a purchase price of not less than nine-four percent
(94%) of the principal amount of the Bonds by the Underwriter, which purchase price
shall constitute a discount of not more than four percent (4%) of the principal amount
of the Bonds, as the Underwriter's sole compensation, and two percent (2%) as discount
to be credited to the original purchaser of the Bonds upon original issuance and sale
thereof to the public, with the term or terms of the Bonds not exceeding twenty (20)
years, is hereby specifically approved.
APPROVED AND ADOPTED this 25th day of April, 1994 by the City Council of the City of
Owasso, Oklahoma.
ATTEST:
Sherry Bishop9',Q_4y Clerk
U.
D Cates, City Attorney
gob Randolph, Mayor
STATE OF OKLAHOMA
ss
COUNTY OF TULSA
1, the undersigned, the duly qualified and acting City Clerk of the City of Owasso,
Oklahoma, do hereby certify that attached hereto is a true and complete copy of a resolution of
the City Council of the City of Owasso held on the date therein stated as the same appears in
the minutes of said meeting on file in my office as a part of the official records thereof. I
further certify that a true and correct copy of the Public Notice and Agenda attached hereto was
posted in prominent public view on the first floor bulletin board at the Owasso City Hall, 207
South Cedar, Owasso, Oklahoma, twenty-four (24) hours prior to said meeting, excluding
Saturdays, Sundays and legal holidays. I further certify that a true, correct and complete copy
of such Public Notice was filed in the office of the City Clerk of the City of Owasso, Oklahoma,
forty-eight (48) hours prior to the date of the meeting therein described.
Witness my hand and seal this 25th day of April, 1994.
City Clerk
(SEAT I)