HomeMy WebLinkAbout1997.12.22_City Council Minutes
OW ASSO CITY COUNCIL
MINUTES OF SPECIAL MEETING
Monday, December 22, 1997
The Owasso City Council met in special session on Monday, December 22, 1997 in the Lower
Level Conference Room at City Hall per the Notice of Public Meeting and Agenda posted on
the City Hall bulletin Board at 4:30 p.m. on Wednesday, December 17, 1997.
ITEM 1: CALL TO ORDER AND ROLL CALL.
Mayor Barnhouse called the meeting to order at 7:42 a.m. Present: Mary Lou Barnhouse,
Mayor; Tracy Standridge, Vice Mayor; Denise Bode, Councilor; Mark Wilken, Councilor;
Rodney J Ray, City Manager; Sherry Bishop, Director of Finance; Marcia Boutwell, City Clerk;
Ronald D Cates, City Attorney; Keith McDonald; Allan Brooks. Absent: Michael Helm,
Councilor. A quorum was declared present.
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO
RESOLUTION #97-15. A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF OWASSO. OKLAHOMA. APPROVING THE INCURRENCE OF
INDEBTEDNESS BY THE OW ASSO PUBLIC WORKS AUTHORITY (THE
"AUTHORITY") IN CONNECTION WITH THE ISSUANCE OF ITS REVENUE
REFUNDING BONDS. SERIES 1997 (THE "BONDS"): PROVIDING THAT
THE DECLARATION OF TRUST CREATING THE AUTHORITY IS SUBJECT
TO THE PROVISIONS OF THE GENERAL BOND INDENTURE. AS
SUPPLEMENTED AND AMENDED. AUTHORIZING THE ISSUANCE OF
SAID BONDS: WAIVING COMPETITIVE BIDDING AND APPROVING THE
PROCEEDINGS OF THE AUTHORITY PERTAINING TO THE SALE OF SAID
BONDS: RATIFYING AND CONFIRMING A LEASE. AS HERETOFORE
AMENDED (THE "LEASE") BETWEEN THE CITY OF OWASSO (THE
"CITY") AND THE AUTHORITY WHEREBY THE CITY LEASES ITS
WATER. SANITARY SEWER. GARBAGE AND TRASH COLLECTION
SYSTEMS AND THE BAILEY RANCH GOLF CLUB TO THE AUTHORITY;
APPROVING AND AUTHORIZING EXECUTION OF A SECURITY
AGREEMENT PERTAINING TO A YEAR-TO-YEAR PLEDGE OF CERTAIN
SALES TAX REVENUE; APPROVING THE OFFICIAL STATEMENT
PERTAINING TO SAID BONDS: ESTABLISHING THE CITY'S REASONABLE
EXPECTATIONS WITH RESPECT TO THE ISSUANCE OF TAX-EXEMPT
BONDS IN CALENDAR YEAR 1997; AND CONTAINING OTHER
PROVISIONS RELATING THERETO.
Mr Brooks presented Resolution #97-15 approving action taken by the Owasso Public Works
Authority relative to the issuance of Revenue Refunding Bonds, Series 1997. Dr Bode moved,
seconded by Dr Standridge, to approve Resolution #97-15.
AYE: Bode, Standridge, Wilken, Barnhouse
NAY: None
Motion carried 4-0.
Owasso City Council
December 22, 1997
ITEM 3: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REOUEST FOR AN AMENDMENT TO THE CAPITAL IMPROVEMENTS
FUND BUDGET.
Ms Bishop presented the item to amend the Capital Improvements Fund budget by reducing the
appropriation for 86th St - Cedar to Main by $500,000 and increase a transfer to the OPW A
Sales Tax Fund by $500,000, such amendment resulting from the issuance of OPW A Revenue
Refunding Bonds, Series 1997. The 86th St project has been funded by other means.
Dr Standridge moved, seconded by Dr Bode, to approve the requested budget amendment.
AYE:
NAY:
Standridge, Bode, Wilken, Barnhouse
None
Motion carried 4-0.
ITEM 4: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST TO TRANSFER $500.000 FROM THE CAPITAL IMPROVEMENTS
FUND TO THE OPW A SALES TAX FUND.
This item is also a result of the OPW A Revenue Refunding Bonds, Series 1997. Dr Standridge
moved, seconded by Dr Bode, to authorize the transfer of $500,000 from the Capital
Improvements Fund to the OPW A Sales Tax Fund.
AYE:
NAY:
Standridge, Bode, Wilken, Barnhouse
None
Motion carried 4-0.
ITEM 4: ADJOURNMENT
Mr Wilken moved, seconded by Dr Standridge to adjourn.
AYE:
NAY:
Wilken, Standridge, Bode, Barnhouse
None
Motion carried 4-0 and the meeting was adjourned at 7:45 a.m.