HomeMy WebLinkAbout1992.01.27_OPGA Minutes_SpecialOWASSO PUBLIC GOLF AUTHORITY
MINUTES OF SPECIAL MEETING
Monday, January 27, 1992, 5 e 30 p.m.
Owasso City Hall Conference Room
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
Tom Rikkola Bob Oldefest Marcia Boutwell
Brian Skelton Sherry Bishop
Glenna Anderson Rodney Ray
Ed Sokolosky Ron Cates
The Owasso Public Golf Authority met in a special joint meeting with the Owasso City Council
on Monday, January 27, 1992 at 5:30 p.m. in the Owasso City Hall Conference Room per the
Notice of Public Meeting posted on the City Hall bulletin board at 5:00 p.m. on Thursday,
January 23, 1992.
Chairperson Tom Rikkola called the OPGA to order at 5 0 30 p.m. and declared a quorum
present.
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VrM 0WIN on 'Iles.
Randy Nelson of Stifel Nicolaus and their bond counsel, John Weidman, were present to explain
the need to increase the principal amount of the revenue bonds. The bond principal will increase
from $4. 8 million to $4.9 million. The additional principal will be used to provide a buyer's
discount at the time of purchase of the bonds. The Authority will receive a lower interest rate
on the average bond.
Glenna Anderson moved to approve the resolution amending Resolution No. 92-02 dated January
6, 1992 to increase the principal amount of the Recreational Facilities Revenue Bonds, Series
1992, to $4,905,000. The motion was seconded by Brian Skelton and passed unanimously.
Ed Sokolosky moved, seconded by Brian Skelton to adjourn. Motio carried and the meeting
was adjourned at 5 0 40 p.m.
T M Rikkola, Jr, Chairperson
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Marcia Boutwell, Aut city Secretary