HomeMy WebLinkAbout2004.12.07_OPWA MinutesOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, December 7, 2004
The Owasso Public Works Authority met in regular session on Tuesday, December 7, 2004 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, December 3, 2004.
ITEM 1. CALL TO ORDER
Chairman Kimball called the meeting to order at 7:15 p.m.
ITEM 2. FLAG SALUTE
The flag salute was held during the City Council meeting preceding this meeting.
ITEM 3. ROLL CALL
PRESENT ABSENT
Susan Kimball, Chair
Craig Thoendel, Vice Chair
Steve Cataudella, Trustee
Gary Cochran, Trustee
Brent Colgan, Trustee
A quorum was declared present.
STAFF
Rodney J. Ray, Authority Manager Ronald Cates, Authority Attorney
ITEM 4. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA
A. Approval of Minutes of the November 16, 2004 Regular Meeting.
B. Approval of Claims.
Mr. Cochran moved, seconded by Mr. Colgan, to approve the OPWA Consent Agenda with
claims totaling $378,039.82, and payroll claims totaling $51,021.47.
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5--0.
Owasso Public Works Authority
December 7, 2004
ITEM 5. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL TO PURCHASE ONE CHEVROLET
C3500 SERIES SERVICE TRUCK IN THE AMOUNT OF $34,255.20 AND
AUTHORIZE PAYMENT.
Ms. Stagg presented the item. Mr. Cataudella moved, seconded by Mr. Thoendel, to approve the
purchase and authorization for payment of a Chevrolet C3500 service truck for the Wastewater
Collection Division in the amount of $34,255.20 from Classic Chevrolet, Owasso, Oklahoma.
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5-0.
ITEM 6. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF THE DEFEASANCE OF THE
AUTHORITY'S SERIES 1997 REVENUE REFUNDING BONDS AND SERIES
1998 REVENUE BONDS; AUTHORIZING PAYMENT OF FUNDS AND
AUTHORIZING THE AUTHORITY'S CHAIRMAN, MANAGER, AND
TREASURER TO TAKE ALL NECESSARY ACTION AND EXECUTE ALL
NECESSARY DOCUMENTS REQUESTED TO ACCOMPLISH SUCH
DEFEASANCE.
Ms. Bishop presented the item. Mr. Colgan moved, seconded by Mr. Cataudella, for Trustee
approval of the defeasance of the Series 1997 and Series 1998 outstanding bonds, as stated
above.
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5-0.
ITEM 7. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE ADOPTION OF RESOLUTION NO. 2004-08, A
RESOLUTION APPROVING THE ISSUANCE OF A REVENUE
ANTICIPATION NOTE IN AN AMOUNT NOT TO EXCEED $3,800,000.00 TO
THE CITY OF OWASSO; AND, APPROVING A LOAN AGREEMENT
BETWEEN WEEN THE OWASSO PUBLIC WORKS AUTHORITY AND THE CITY
OF OWASSO, PROVIDING FOR THE MANNER AND METHOD OF
ADMINISTERING AND REPAYMENT OF THE REVENUE ANTICIPATION
NOTE; AND, AUTHORIZING THE CHAIRMAN TO EXECUTE ALL
DOCUMENTS NECESSARY TO ACCOMPLISH THE AGREEMENT.
Mr. Cataudella moved, seconded by Mr. Cochran, for Trustee adoption of Resolution No. 2004-
08 approving the issuance of a Revenue Anticipation Note and proposed loan agreement.
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Owasso Public Works Authority December 7, 2004
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5-0.
ITEM S. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE AUTHORIZATION OF THE AUTHORITY'S STAFF
TO SOLICIT QUOTES FOR THE ISSUANCE OF DEBT IN THE AMOUNT OF
TEN MILLION DOLLARS FOR THE FINANCING OF CAPITAL PROJECTS.
Ms. Bishop presented the item. Mr. Thoendel moved, seconded by Mr. Cochran, for Trustee
approval and authorization for the solicitation of quotes for the private placement of debt in the
amount of ten million dollars ($10,000,000.00) for financing capital projects, such approval
relating only to the solicitation of quotes.
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5-0.
Mr. Ray announced that the City of Collinsville has hired Jim Whitlock for the position of City
Manager and that meetings between the Cities to discuss issues relative to both cities will
commence in the near future.
ITEM 10. REPORT FROM OPWA ATTORNEY
None
ITEM 11. NEW BUSINESS
None
ITEM 12, ADJOURNMENT
Mr. Cochran. moved, seconded by Mr. Colgan, to adjourn.
YEA: Cataudella, Cochran, Colgan, Kimball, Thoendel
NAY: None
Motion carried 5-0 and the meeting was adjourned at 7:27 p.m.
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Owasso Public Works Authority
December 7, 2004
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Pat Fry, Minute Clerk 7
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Susan Kimbah, Chair