HomeMy WebLinkAbout1993 05_Issuance of Promissary Note_1993.03.24WHEREAS. The City Council hereby determines that the 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. MpLQval. That all actions heretofore taken by the Authority in connection
with the issuance, sale and be delivery of the 1993A Note and the 1993B Note, and all other
aspects of the transaction and are hereby authorized, approved and ratified.
Section 4, Security Agreement, The Security Agreement both by and between the City
and the Authority and pertaining to the use and pledge of certain sales tax revenue of the City
by the Authority, is hereby approved and the Mayor or Vice Mayor and City Clerk or Assistant
Section 5, Lease. The Lease dated July 31, 1973, between the City and the Authority,
whereby the City leases certain of its proprietary, revenue-producing utility systems to the
Authority and whereby the Authority agrees to operate and maintain said systems, is hereby
ratified and confirmed and the term of said Lease shall extend until the 1993A Note and the
1993B Not are paid.
�Zt2ra K.-tMar �r, Mayor
ici ar, ar,
I, Marcia Boutwell, City Clerk of the City of Owasso, State of
Oklahoma, hereby certify that the foregoing is a full, true, and
correct copy of the original document,- this 24th day of March, 1993.
Marcia Boutwell, City Clerk
Pursuant to the legal notice as is required by the Oklahoma Open Meeting Act, including
the posting of notice and agenda as is required by the terms thereof, the City Council of the City
*f Owasso, Oklahoma (the "City") met in special session on the 23rd day of March, 1993 at
6:30 o'clock p.m. Due to the lack of 3/4 membership, the meeting was recessed and
reconvened at 6:00 o'clock p.m. on the 24th day of March, 1993.
Present: Patricia Marlar, John Phillips, Bob Randolph, James Smalley
Thereupon the following resolution was introduced and caused to be read by the Clerk.
Councilmem fit` r Phillips moved passage of the Resolution and Councilmember Randolph
seconded the motion. The motion carrying with it the approval of said Resolution was approved
by the following vote:
INNEEKINI, "141 -
Resolution 93-05 so approved is as follows:
im,
STATE OF OKLAHOMA )
) SS
COUNTY OF TULSA
1, the undersigned, City Clerk of the City of Owasso, Oklahoma, do hereby certify that
the above and foregoing is a true, full and correct copy of an excerpt from the minutes of a
meeting of the City Council of said City held on the date above stated, all as recorded in the
official minutes of such meeting. I further certify that the "Open Meeting Law" was complied
with for such meeting.
(SEAL) )
2
Marcia Boutwell, City Clerk