HomeMy WebLinkAbout2018.05.15_OPWA MinutesOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, May 15, 2018
The Owasso Public Works Authority met in regular session on Tuesday, May 15, 2018, in the
Council Chambers at Old Central, 109 N Birch, Owasso, Oklahoma, per the Notice of Public
Meeting and Agenda filed in the office of the City Clerk and posted at City Hall, 200 S Main St, at
6:00 pm on Friday, May 11, 2018.
1. Call to Order
Chair Chris Kelley called the meeting to order at 9:12 pm.
2. Roll Call
Present Absent
Chair - Chris Kelley None
Vice- Chair - Bill Bush
Trustee - Doug Bonebrake
Trustee - Lyndell Dunn
Trustee - Kelly Lewis
A quorum was declared present.
Staff:
Authority Manager- Warren Lehr
Authority Attorney - Julie Lombardi
3. Consideration and appropriate action relating to a request for approval of the Consent
Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and
will be enacted by one motion. Any Trustee may, however, remove an item from the
Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable.)
A. Approve minutes
• May 1, 2018, Regular Meeting
• May 8, 2018, Regular Meeting
B. Approve claims
Mr. Bush moved, seconded by Mr. Bonebrake to approve the Consent Agenda with claims
totaling $301,999.72.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried: 5 -0
4. Consideration and appropriate action relating to items removed from the Consent Agenda
None
5. Consideration and appropriate action relating to Resolution 2018 -05, authorizing the Owasso
Public Works Authority (the "Authority ") to issue its Sales Tax Revenue Note, Series 2018 (the
"Note ") in the aggregate principal amount of $9,800,000; waiving competitive bidding and
authorizing the Note to be sold on a negotiated basis; ratifying and confirming a Sales Tax
Agreement by and between the City and the Authority pertaining to a year -to -year pledge
of certain sales tax revenue; approving and authorizing execution of a Supplemental Note
Indenture authorizing the issuance and securing the payment of the Note; providing that the
organizational document creating the Authority is subject to the provisions of the Note
Indenture; authorizing and directing the execution of the Note and other documents relating
to the transaction; and containing other provisions relating thereto
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May 15, 2018
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Linda Jones presented the item recommending approval of Resolution 2018 -05, awarding
the Sales Tax Revenue Note, Series 2018 bid to JP Morgan Chase Bank in the aggregate
principal amount of $9,800,000 at a fixed interest rate of 2.8 %.
There were no comments from the audience. Mr. Bonebrake moved, seconded by Mr.
Dunn to approve Resolution 2018 -05, as recommended.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried: 5 -0
6. Consideration and appropriate action relating to a budget amendment
Linda Jones presented the item recommending approval of a budget amendment
increasing estimated revenues and the appropriation for expenditures by $9,800,000 (Sales
Tax Revenue Note, Series 2018).
There were no comments from the audience. Mr. Bush moved, seconded by Mr. Dunn to
approve the budget amendment to increase the estimated revenue and increase the
appropriation for expenditures, as recommended.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried: 5 -0
7. Consideration and appropriate action relating to a budget amendment and the acquisition
of property for the Coffee Creek Liff Station Improvement Project
Roger Stevens presented the item recommending approval of a budget amendment
increasing the appropriation for expenditures by $129,500; approval of a land purchase
agreement between the OPWA and Warren Smith, Julie Smith, Scott Golightly, and Holly
Golightly; authorization for the Authority Manager to execute the agreement; and
authorization for payment to Commercial Title and Escrow Services, Inc.
There were no comments from the audience. After discussion, Mr. Dunn moved, seconded
by Mr. Bush to approve the budget amendment, approve the land purchase agreement,
authorize the Authority Manager to execute the agreement, and authorize payment, as
recommended.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried: 5 -0
8. Consideration and appropriate action relating to Resolution 2018 -06, declaring the intent of
the Owasso Public Works Authority to expend certain funds in connection with land
acquisition for certain Coffee Creek Lift Station improvements with said expenditures to be
reimbursed from the proceeds of debt to be incurred by the Authority; and containing other
provisions relating thereto
Linda Jones presented the item recommending approval of Resolution 2018 -06.
There were no comments from the audience. Mr. Dunn moved, seconded by Mr.
Bonebrake to approve Resolution 2018 -06, as recommended.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried: 5 -0
9. Report from OPWA Manager
None
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May 15, 2018
Page 3
10. Report from OPWA Attorney
None
11. Official Notices to Authority (documents for acknowledgment or information only, no
discussion or action will be taken)
The Chair acknowledged receipt of the following:
• Payroll Payment Reports - Pay Period Ending Date 4/28/18
• Monthly Budget Status Report - April 2018
12. New Business (New Business is any item of business which could not have been foreseen at
the time of posting of the agenda)
None
13. Adjournment
Mr. Bush moved, seconded by Mr. Bonebrake to adjourn the meeting.
YEA: Bonebrake, Bush, Dunn, Lewis, Kelley
NAY: None
Motion carried 5 -0 and the meeting adjourned at 9:24p
Chris Kelley, Chair
Lisa Wilson, Minute Clerk