HomeMy WebLinkAbout2004.12.17_City Council Minutes_SpecialOWASSO CITY COUNCIL
MINUTES OF SPECIAL MEETING
Friday, December 17, 2004
The Owasso City Council met in a special meeting on Friday, December 17, 2004 in the City
Hall Conference Room, 111 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.
Mayor Kimball called the meeting to order at 7:31 AM.
PRESENT ABSENT
Susan Kimball, Mayor
Craig Thoendel, Vice Mayor
Steve Cataudella, Councilor
Gary Cochran, Councilor
Brent Colgan, Councilor
A quorum was declared present.
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR COUNCIL APPROVAL OF RESOLUTION NO. 2004 -26 A RESOLUTION
APPROVING THE INCURRENCE OF INDEBTEDNESS BY THE OWASSO
PUBLIC WORKS AUTHORITY (THE "AUTHORITY ") ISSUING ITS SALES
TAX REVENUE NOTE, SERIES 2004 (THE "NOTE ") PROVIDING THAT THE
ORGANIZATIONAL DOCUMENT CREATING THE AUTHORITY IS SUBJECT
TO THE PROVISIONS OF THE NOTE INDENTURE AUTHORIZING THE
ISSUANCE OF SAID NOTE; WAIVING COMPETITIVE BIDDING WITH
RESPECT TO THE SALE OF SAID NOTE AND APPROVING THE
PROCEEDINGS OF THE AUTHORITY PERTAINING TO THE SALE OF SAID
NOTE; APPROVING AND AUTHORIZING EXECUTION OF A SALES TAX
AGREEMENT BY AND BETWEEN THE CITY OF OWASSO OKLAHOMA
(THE "CITY ") AND THE AUTHORITY PERTAINING TO THE YEAR -TO -YEAR
PLEDGE OF CERTAIN TAX REVENUES; ESTABLISHING THE CITY'S
REASONABLE EXPECTATION WITH RESPECT TO THE ISSUANCE OF TAX -
EXEMPT OBLIGATIONS BY OR ON BEHALF OF SAID CITY IN CALENDAR
YEAR 2004, AND DESIGNATING THE NOTE AS A QUALIFIED TAX - EXEMPT
OBLIGATION; AND CONTAINING OTHER PROVISIONS RELATING
THERETO.
City Manager Rodney Ray presented the item. There were no questions from the City Council.
Councilor Cochran moved, seconded by Councilor Colgan, to approve the item. All were in
favor and the motion carried 5 -0.
Owasso City Council
ITEM 3: ADJOURNMENT
December 17, 2004
Councilor Cataudella moved, seconded by Councilor Cochran, to adjourn. The meeting was
adjourned at 7:35 AM.
B
Susan Kimball, M r
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