HomeMy WebLinkAbout1997.12.16_OPWA MinutesOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, December 16, 1997
The Owasso Public Works Authority met in regular session on Tuesday, December 16, 1997 in
the Council Chambers at the Owasso Community Center per the Notice of Public Meeting and
Agenda posted on the City Hall bulletin board at 4:00 p.m. on Friday, December 12, 1997.
ITEM 1: CALL TO ORDER
Chairman Barnhouse called the meeting to order at 7:30 p.m.
ITEM 2: FLAG SALUTE
The flag salute was given during the City Council meeting preceding this meeting.
ITEM 3: ROLL CALL
PRESENT ABSENT
Mary Lou Barnhouse, Chair
Tracy Standridge, Vice Chair
Michael Helm, Trustee
Denise Bode, Trustee
Mark Wilken, Trustee
STAFF
Rodney J Ray, City Manager
Ronald D Cates, Authority Attorney
Marcia Boutwell, Authority Secretary
ITEM 4: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR APPROVAL OF THE CONSENT AGENDA.
A. Approval of the Minutes of December 2, 1997 Regular Meeting.
B. Approval of Claims
Dr Bode moved, seconded by Mr Wilken, to approve the consent agenda. The consent agenda
included minutes of the December 2, 1997 meeting, by reference made a part hereto. Item B
on the consent agenda included the following claims: (1) OPWA Fund $121, 447. 8 S 9 (2) Payroll
$27, 729.72.
AYE: Bode, Wilken, Helm, Standridge, Barnhouse
NAY: None
Motion carried 5-0.
Owasso Public Works Authority
December 16, 1997
ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO
RESOLUTION #97-03. A RESOLUTION PRELIMINARILY APPROVING THE
ISSUANCE OF THE AUTHORITY'S UTILITY REVENUE BONDS,
REFUNDING SERIES 1997 (THE BONDS) FOR THE PURPOSE OF
REFUNDING THE AUTHORITY'S PUBLIC IMPROVEMENT REVENUE
BONDS SERIES 1988, APPROVING THE PRELIMINARY OFFICIAL
STATEMENT PERTAINING TO THE ISSUANCE OF THE BONDS AND
DEEMING SAID PRELIMINARY OFFICIAL STATEMENT "NEAR FINAL"
AND AUTHORIZING DISTRIBUTION OF THE SAME, DESIGNATING AN
UNDERWRITER WITH RESPECT TO THE SALE OF THE BONDS,• AND
CONTAINING OTHER PROVISIONS RELATING THERETO.
Mr Allan Brooks presented the resolution that would allow representatives of the city to initiate
the refunding of the 1988 series bond issue by declaring the official statement near final.
Refinancing the bonds would result in an approximate savings of $391,000. Mr Wilken moved,
seconded by Dr Bode, to approve Resolution #97-03.
AYE: Wilken, Bode, Helm, Standridge, Barnhouse
NAY: None
Motion carried 5-0.
ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO THE
PRESENTATION OF AN INDEPENDENT AUDIT OF FINANCIAL
REQUESTTRANSACTIONS FOR THE OPWA FUND FOR FY 1996-97, AND A
O TO RECEIVE THE AUDITREPORT.
Ms Bishop said that the annual audit, completed by the firm of Carlson & Cottrell, has been
completed and reviewed by staff and is ready to be received by the Trustees. Dr Bode moved,
seconded by Mr Wilken, to receive the audit for information, review and filing.
AYE: Bode, Wilken, Helm, Standridge, Barnhouse
NAY: None
Motion carried 5-0.
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No report.
11,
Owasso Public Works Authority
ITEM S: REPORT FROM OPWA ATTORNEY
No report.
ITEM 9: UNFINISHED BUSINESS
None.
ITEM 10: NEW BUSINESS
None.
ITEM 11: ADJOURNMENT
Dr Standridge moved, seconded by Mr Helm to adjourn.
AYE: Standridge, Helm, Bode, Wilken, Barnhouse
NAY; None
Motion carried 5-0, and the meeting was adjourned at 7:35 p.m.
41/
Mar& Boutwell, Authority Secretary
9
December 16, 1997
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Mary Lot Barnhouse, Chairperson