HomeMy WebLinkAbout1998.02.17_OPWA MinutesOWASSO PUBLIC WORDS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, February 17, 1998
The Owasso Public Works Authority met in regular session on Tuesday, February 17, 1998 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, February 13, 1998.
ITEM l: CALL TO ORDER
Chairman Barnhouse called the meeting to order at 7:44 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 February 3, 1998 Regular Meeting.
B. Approval of Claims
Dr Bode moved, seconded by Dr Standridge, to approve the consent agenda. The consent
agenda included minutes of the February 3, 1998 regular meeting, by reference made a part
hereto. Item B on the consent agenda included the following claims: (1) OPWA Fund
$173,756.66; (2) Payroll $25,350.38.
AYE: Bode, Standridge, Helm, Wilken, Barnhouse
NAY: None
Motion carried 5-0.
Owasso Public Works Authority
February 17, 1998
ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO OPWA
RESOLUTION#98-02 A RESOLUTION PRELIMINARILY APPROVING THE
ISSUANCE OF THE AUTHORITY'S PUBLIC IMPROVEMENT REVENUE
BONDS SERIES 1998 (THE "BONDS") FOR THE PURPOSE OF
FINANCING CERTAIN PUBLIC IMPROVEMENTS BENEFITING THE CITY
OF OWASSO OKLAHOMA° 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 Ray said that OPWA Resolution #98-02 relates to the Series 1998 Public Improvement
Revenue Bonds approved by the voters in October 1997. Resolution #98-02 preliminarily
approves the issuance of the bonds, approves the preliminary official statement pertaining to
issuing the bonds and authorizes its distribution, and designates James Baker and Associates as
underwriter with respect to the sale of the bonds. Bond Counsel Allan Brooks and Financial
Advisor Keith McDonald were present to answer questions. Mr Wilken moved, seconded by
Dr Standridge, to adopt OPWA Resolution #98-02, approving and authorizing the distribution
of the offering document pertaining to the Series 1998 bonds, and designating James Baker and
Associates as the underwriter to be utilized by the Authority.
AYE: Wilken, Standridge, Helm, Bode, Barnhouse
NAY: None
Motion carried 5-0.
No report.
INN
No report.
None.
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Owasso Public Works Authority
ITEM 10: ADJOURNMENT
Dr Standridge moved, seconded by Dr Bode, to adjourn.
AYE: Standridge, Bode, Wilken, Helm, Barnhouse
NAY: None
Motion carried 5-0, and the meeting was adjourned at 7:50 p.m.
Marc Boutwell, Authority Secretary
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February 17, 1995
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Mary Llou Barnhouse, Chairperson