HomeMy WebLinkAbout2007 09_OPWA_OWRB Loan_WWTP_117th Pump_76th Interceptor_2007.10.02MEMORANDUM
TO: HONORABLE CHAIR AND TRUSTEES
OWASSO PUBLIC WORKS AUTHORITY
FROM: SHERRY BISHOP
ADMINISTRATIVE SERVICES DIRECTOR
SUBJECT: OPWA RESOLUTION N0.2007-09
AUTHORIZING OWRB LOAN APPLICATION
DATE: September 28, 2007
BACKGROUND:
The Wastewater Master Plan of 2005 recommended various improvements to Owasso's wastewater
system. Among the immediate needs identified, the plan recommended the investment of
approximately $7 million for the upgrade of the Wastewater Treatment Plant, the 117th Street Pump
Station and an interceptor to serve the developing area east of Owasso (Stone Canyon). On July 3,
2007, OPWA Trustees approved an engineering services agreement with Greeley and Hansen LLC
for design of the Wastewater Treatment Plant and Pump Station improvements.
Funding for those projects is expected to be provided by the Oklahoma Water Resources Board
(OWRB). The OWRB provides low interest long-term financing for water and wastewater projects.
For the past fifteen years, all of Owasso's water and wastewater projects have been financed by the
OWRB.
Resolution No. 2007-09 authorizes the application to the OWRB for financial assistance through the
OWRB State Revolving Fund for the purpose of financing wastewater system improvements.
Additionally, the resolution authorizes payment of a loan application fee to thy; OtitTRB and
authorizes Wells Nelson & Associates (Keith McDonald) to act on behalf of the OPWA.
If the application for funding is approved by the OWRB, authorization for the loan would require
additional action by the OPWA Trustees and the City Council at a future meeting.
RECOMMENDATION:
Staff recommends Trustee approval of OPWA Resolution No. 2007-09 a resolution agreeing to file
application with the OWRB for financial assistance through the OWRB State Revolving Fund Program
for the purpose of financing wastewater system improvements and containing other provisions related
thereto.
ATTACHMENT:
OPWA Resolution No. 2007-09
OWASSO PUBLIC WORKS AUTHORITY
RESOLUTION N0.2007-09
A RESOLUTION AGREEING TO FILE AN APPLICATION WITH THE
OKLAHOMA WATER RESOURCES BOARD (THE "OWRB") FOR
FINANCIAL ASSISTANCE THROUGH OWRB STATE REVOLVING
FUND PROGRAM, WITH THE LOAN PROCEEDS BEING FOR THE
PURPOSE OF FINANCING WASTEWATER SYSTEM IMPROVEMENTS
AND RELATED IMPROVEMENTS SERVING THE CITY OF OWASSO,
OKLAHOMA; AND CONTAINING OTHER PROVISIONS RELATED
THERETO.
WHEREAS, The Owasso Public Works Authority (the "Authority") has under
consideration improvements to the wastewater system serving the City of Owasso, Oklahoma, to
include improvements necessary to upgrade the wastewater collection and treatment system,
including engineering studies to determine the need for wastewater collection line repair and
replacement, engineering, design and construction of capacity increase for the wastewater
treatment plant, improvements to the N 117 East Avenue lift station, the N 76 Street sanitary
sewer interceptor and other related engineering design and construction (collectively, the
"Project"); and
WHEREAS, it is deemed desirable for the Authority to give preliminary authorization for
the issuance of obligations for such purpose; and
WHEREAS, the Oklahoma Water Resources Board has made monies available to qualified
entities for the financing of certain qualifying projects; and
WHEREAS, the Authority hereby agrees to file an application(s) with the Oklahoma Water
Resources Board for financial assistance in the aggregate amount as, based upon engineering
studies currently in progress, will be sufficient to pay certain of the costs associated with the
referenced Project.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE OWASSO PUBLIC WORKS AUTHORITY, THAT:
Section 1. Application. The Authority shall file an Application(s) with the Oklahoma
Water Resources Board seeking financial assistance through the OWRB State Revolving Fund
Program; and the Chairman or Vice Chairman and Secretary or Assistant Secretary of the Authority
are hereby authorized to execute said Application(s) for and on behalf of the Authority. The
Authority is further authorized to advance to the Oklahoma Water Resources Board the necessary
application fees in connection with the referenced Application(s).
Section 2. Professionals. The Authority hereby authorizes Wells Nelson & Associates,
L.L.C., to prepare and submit the referenced Application(s) on behalf of the Authority and to take
such other action as is necessary to obtain financing for the referenced Project.
Section 3. Other Matters. The Chairman or Vice Chairman and Secretary or Assistant
Secretary of the Authority are hereby authorized and directed to do all other lawful things necessary
to carry out the terms and conditions of this Resolution.
PASSED, ADOPTED AND APPROVED THIS 4~' DAY OF OCTOBER, 2007.
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Sherry Bis1~6p, Authority ~cretary
THE OWASSO PUBLIC WORKS AUTHORITY
Stephen C taudella, Chairman
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