HomeMy WebLinkAbout2016 03_OPWA_issuance sales tax revenue note 2016_2016.10.04THE TRUSTEES OF THE OWASSO PUBLIC WORDS AUTHORITY, TULSA
COUNTY, OKLAHOMA, MET IN REGULAR SESSION ON THIS 4TH DAY OF OCTOBER,
2016, AT 6:30 P.M.
PRESENT: Chainman Lyndell Dunn, Doug Bonebrake, Jeri Moberly, and Bill Bush
ABSENT: Chris Kelley
Thereupon, the Chainnan introduced a Resolution which was read by the Secretary. Trustee
Bill Bush moved that the Resolution be adopted and Trustee Doug Bonebrake seconded the motion.
The motion carrying with it the adoption of the Resolution prevailed by the following; vote:
AYE: Chairman Lyndell Dunn, Doug Bonebrake, Jeri Moberly, and Bill Bush
NAY: None
The Resolution as adopted is as follows.
RESOLUTION NO. 2016-03
A RESOLUTION APPROVING PROFESSIONAL SERVICES AGREEMENTS;
PROVIDING PRELIMINARY APPROVAL WITH RESPECT TO THE
ISSUANCE OF THE AUTHORITY'S SALES TAX REVENUE NOTE, SERIES
2016; AND CONTAINING OTHER PROVISIONS RELATING THERETO.
WHEREAS, The Owasso Public Works Authority (the "Authority") has under consideration
the issuance of its Sales Tax Revenue Note, Series 2016 (the "Note"), the proceeds all of which will
be utilized to finance capital improvements as contemplated by Ordinance No. 763 of the City of
Owasso, Oklahoma (the "City"); and
WHEREAS, it is deemed desirable for the Authority to give preliminary authorization for the
issuance of the Note; and
NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO
PUBLIC WORKS AUTHORITY, TULSA COUNTY, OKLAHOMA:
Section 1. Professional Services Aweernents. The Authority is authorized to enter into
professional services agreements with Municipal Finance Services, Inc., as financial advisor, and The
Public Finance Law Group PLLC, as bond counsel. The Chain-nan or Vice Chairman and Secretary
or Assistant Secretary of the Authority are authorized to execute and deliver said professional services
agreement on behalf of the Authority and take all such other action in connection therewith.
Section 2. Preliminary Authorization. The Authority hereby grants preliminary authorization
for the issuance of the Note, and directs its Bond Counsel and Financial Advisor to proceed with
structuring the Note. The Authority shall not be bound to complete the Note transaction.
Section 3. Other Matters. The Chairman or Vice Chairman and Secretary or Assistant
Secretary of the Authority are hereby authorized and directed to do all other lawful things necessary
to carry out the terms and conditions of this Resolution.
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ADOPTED AND APPROVED THIS 4TH DAY OF OCTOBER, 2016.
AUTHORITY
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STATE OF OKLAHOMA )
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COUNTY OF TULSA )
I, the undersigned, Secretary of The Owasso Public Works Authority, Tulsa County,
Oklahoma, an Oklahoma public trust, 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 Board of Trustees of said public trust
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.
GIVEN UNDER MY HAND THIS 4TH DAY OF OCTOBER, 2016.
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