HomeMy WebLinkAbout1992 02_Incurring indebtedness OPGA_1992.01.07� —I *M
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WHEREAS, there has been presented to this meeting a form of Recreational
Facilities Project Agreement (the "Project Agreement") between the City and the
Authority®
Section 1. The incurring of indebtedness by the Trustees of The Owasso
Public Golf Authority in the aggregate principal amount of not to exceed
$4,800,000 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
ninety seven percent (97.0%) of the principal amount of the Bonds by the
Underwriter which Purchase Price shall constitute a discount of not more than
three percent (3.0%) of the principal amount of the Bonds, as the Underwriter's
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sole compensation, r. or terms of the Bonds not exceeding thirty
hereby specifically approved, all pursuant to the Purchase
Contract.
Section 4. The signatures of the officers of the City appearing on the
Project Agreement and other agreements, documents, closing papers and
certificates executed and delivered ♦ this Resolution shall b-
agreements conclusive evidence of their approval thereof and of their authority to execute
and deliver such
PASSED AND APPROVED this —:2A, day 1992.
ld D. Cates, City Attorney
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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 the schedule of regularly scheduled meetings of the Owasso City
Council for the calendar year 1992 as filed in my office.
Cit
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