HomeMy WebLinkAbout2004.12.17_OPWA Minutes_SpecialOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF SPECIAL MEETING
Friday, December 17, 2004
The Owasso Public Works Authority met in a special meeting on Friday, December 17, 2004 in
the City Hall Conference Room, III N. Main Street, per the Notice of Public Meeting and
Agenda posted on the City Hall bulletin board at 4:00 PM on Wednesday, December 15, 2004.
ITEM 1: CALL TO ORDER.
Chairperson Kimball called the meeting to order at 7:36 AM.
PRESENT ABSENT
Susan Kimball, Chair
Craig Thoendel, Vice Chair
Steve Cataudella, Trustee
Gary Cochran, Trustee
Brent Colgan, Trustee
A quorum was declared present.
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF RESOLUTION NO. 2004-09
A RESOLUTION AUTHORIZING THE OWASSO PUBLIC WORKS
AUTHORITY (THE "AUTHORITY") TO ISSUE ITS SALES TAX
REVENUE NOTE, SERIES 2004 (THE "NOTE") IN THE AGGREGATE
PRINCIPAL AMOUNT OF $10 000 000; 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 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 2004, AND DESIGNATING THE NOTE AS A
QUALIFIED TAX-EXEMPT OBLIGATION; AND CONTAINING
OTHER PROVISIONS RELATING THERETO.
Owasso Public Works Authority
December 17, 2004
City Manager Rodney Ray presented the item. There were no questions from the Trustees.
Trustee Cataudella moved, seconded by Trustee Cochran, to approve the item. All were in favor
and the motion carried 5-0.
ITEM 3: ADJOURNMENT
Trustee Colgan moved, seconded by Trustee Thoendel, to adjourn. The meeting was adjourned
at 7: 3 8 AM.
Susan Kimball, Chair