HomeMy WebLinkAbout2005.10.18_OPWA MinutesOWASSO PUBLIC WORDS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, October 18, 2005
The Owasso Public Works Authority met in regular session on Tuesday, October 18, 2005 in the
Council Chambers at Old Central per the Notice of Public Meeting and Agenda posted on the
City Hall bulletin board at 5:00 p.m. on Friday, October 14, 2005.
ITEM 1. CALL TO ORDER
Chairman Thoendel called the meeting to order at 7:18 p.m.
ITEM 2. FLAG SALUTE
The flag salute was held during the City Council meeting preceding this meeting.
ITEM 3. ROLL CALL
PRESENT
Craig Thoendel, Chairman
Steve Cataudella, Vice Chair
Brent Colgan, Trustee
Wayne Guevara, Trustee
A quorum was declared present.
STAFF
Rodney J. Ray, Authority Manager
Julie Lombardi, Authority Attorney
ABSENT
Susan Kimball, Trustee
ITEM 4. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA
A. Approval of Minutes of the October 4, 2005 Regular Meeting
B. Approval of Claims
C. Acknowledgement of receiving the monthly FY 2005-2006 budget status report
Mr. Cataudella moved, seconded by Mr. Guevara, to approve the OPWA Consent Agenda with
claims totaling $213,852.28 and payroll claims totaling $64,099.17.
YEA: Cataudella, Colgan, Guevara, Thoendel
NAY: None
Motion carried 4-0.
Owasso Public Works Authority
Octoberl8, 2005
ITEM 5. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF RESOLUTION NO. 2005-03, A
RESOLUTION AUTHORIZING THE OWASSO PUBLIC WORKS
AUTHORITY (the "AUTHORITY") TO ISSUE ITS SALES TAX REVENUE
NOTE, SERIES 2005 (the "NOTE") IN THE AGGREGATE PRINCIPAL
AMOUNT OF $10,000,000.00; WAIVING COMPETITIVE BIDDING AND
AUTHORIZING THE NOTE BE SOLD ON A NEGOTIATED BASIS;
APPROVING AND AUTHORIZING EXECUTION OF A SALES TAX
AGREEMENT BY AND BETWEEN THE CITY OF OWASSO AND THE
AUTHORITY PERTAINING TO A YEAR-TO-YEAR PLEDGE OF CERTAIN
SALES TAX REVENUE; APPROVING AND AUTHORIZING EXECUTION OF
A 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;
ESTABLISHING THE AUTHORITY'S REASONABLE EXPECTATION WITH
RESPECT TO THE ISSUANCE OF TAX-EXEMPT OBLIGATIONS BY THE
AUTHORITY IN CALENDAR YEAR 2005, AND DESIGNATING THE NOTE
AS A QUALIFIED TAX-EXEMPT OBLIGATION; AND CONTAINING OTHER
PROVISIONS REGLATING THERETO
Ms. Bishop presented the item. Mr. Cataudella moved, seconded by Mr. Colgan, for Trustee
approval of Resolution No. 2005-03 authorizing the issuance of a $10,000,006.00 Sales Tax
Revenue Note and containing other related provisions.
YEA: Cataudella, Colgan, Guevara, Thoendcl
NAY: None
Motion carried 4-0.
ITEM 6. REPORT FROM OPWA MANAGER
None
ITEM T REPORT FROM OPWA ATTORNEY
None
ITEM 8. NEW BUSINESS
None
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Owasso Public Worla Authority
Octoberl8, 2005
ITEM 9. ADJOURNMENT
Mr. Colgan moved, seconded by Mr. Guevara, to adjourn.
YEA: Cataudella, Colgan, Guevara, Thoendel
NAY: None
Motion carried 4-0 and the meeting was adjourned at 7:20 p.m.
Pat Fry, Minute Clerk
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Cr(j-Iioendel, Chairman