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HomeMy WebLinkAbout1992 05_OPWA_Application OWRB_State Dept of Health_revolving fund Improve Wastewater Facilities_1992.11.03 RESOLUTION NO. 92-05 OW ASSO PUBLIC WORKS AUTHORITY OW ASSO, OKLAHOMA A RESOLUTION AGREEING TO FILE APPLICATION WITH THE OKLAHOMA WATER RESOURCES BOARD AND/OR THE OKLAHOMA STATE DEPARTMENT OF HEALTH FOR FINANCIAL ASSISTANCE THROUGH THE FINANCIAL ASSISTANCE PROGRAM AND/OR THROUGH THE STATE REVOLVING FUND PROGRAM, FOR THE PURPOSE OF FINANCING THE EXPANSION AND IMPROVEMENT OF THE AUTHORITY'S 'WATER AND WASTEWATER FACILITIES; AND CONTAINING OTHER PROVISIONS RELATED THERETO. The Owasso Public Works Authority, Tulsa County, Oklahoma (the" Authority") has under consideration the expansion and improvement of the water and wastewater facilities operated by the Authority: and WHEREAS: the it is deemed desirable for the Authority to give preliminary authorization of issuance of obligations for such purpose: and WHEREAS: the Oklahoma Water Resources Board and the Oklahoma State Department of Health have made monies available to qualified entities for the financing of certain qualifying projects; and, WHEREAS the Authority hereby authorizes the filing of an application with the Oklahoma Water Resources Board and/or the Oklahoma State Department of Health for financial assistance in the aggregate amount as, based upon engineering studies currently in progress, will be sufficient to pay the costs associated with the above referenced project. WHEREAS NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE OW ASSO PUBLIC WORKS AUTHORITY, TULSA COUNTY, OKLAHOMA: Section 1. Application. The Authority hereby authorizes the filing of an Application with the Oklahoma Water Resources Board and/or the Oklahoma State Department of Health seeking financial assistance through the Financial Assistance Program and/or the State Revolving Fund Program; and the Chairperson is hereby authorized to execute said applications for and on behalf of the Authority. THA T: Section 2. The Authority authorizes Leo Oppenheim & Co., Inc., the Authority's financial advisor, to prepare and submit the referenced applications on behalf of the Authority and to take such other action as is necessary to obtain financing for the referenced project THA T: Other Matters The Chairperson IS hereby authorized to do all other necessary to carry out the terms and conditions of this Resolution Section 3 lawful things THA T: 1992. 3RD day of NOVEMBER this Authority Works c Owasso Pub PASSE;D, 1\. DOPTED AND APPROVED . . . .