HomeMy WebLinkAbout1997.12.22_City Council Agenda_Special
PUBLIC NOTICE OF THE MEETING OF THE
OWASSO CITY COUNCIL
TYPE OF MEETING: Special
DATE: December 22, 1997
TIME: 7:30 a. m.
PLACE: Owasso City Hall
Lower Level Conference Room
Notice and Agenda filed in the office of the City Clerk and posted on the City Hall bulletin
board at 4:30 p.m. on Wednesday, December 17, 1997.
Marci Boutwell, City Clerk
AGENDA
1. Call to Order & Roll Call
2. Consideration and Appropriate Action Relating to Resolution #97-15, a Resolution of the
City Council of the City of Owasso, Oklahoma, Approving the Incurrence of
Indebtedness by the Owasso Public Works Authority (The "Authority") in Connection
with the Issuance of its Revenue Refunding Bonds, Series 1997 (The "Bonds"); Providing
that the Declaration of Trust Creating the Authority is Subject to the Provisions of the
General Bond Indenture, as Supplemented and Amended, Authorizing the Issuance of
Said Bonds; Waiving Competitive Bidding and Approving the Proceedings of the
Authority Pertaining to the Sale of Said Bonds; Ratifying and Confirming a Lease, as
Heretofore Amended (The "Lease") Between the City of Owasso (The "City") and the
Authority Whereby the City Leases its Water, Sanitary Sewer, Garbage and Trash
Collection Systems and the Bailey Ranch Golf Club to the Authority; Approving and
Authorizing Execution of a Security Agreement Pertaining to a Year-to-Year Pledge of
Certain Sales Tax Revenue; Approving the Official Statement Pertaining to Said Bonds;
Establishing the City's Reasonable Expectations with Respect to the Issuance of Tax-
Exempt Bonds in Calendar Year 1997; and Containing Other Provisions Relating
Thereto.
Mr Allan Brooks
•M
Owasso City Council
December 22, 1996
Page 2
Mr Brooks will present Resolution #97-15, and the staff will recommend adoption of the
resolution.
3. Consideration and Appropriate Action Relating to a Request for an Amendment to the
Capital Improvements Fund Budget.
Ms Bishop
The staff will recommend an amendment to the Capital Improvements Fund budget
wherein the appropriation for 86th Street -Cedar to Main is reduced by $500,000 and
a Transfer to the OPWA Sales Tax Fund is increased by $500,000.
4. Consideration and Appropriate Action Relating to a Request to Transfer $500,000 from
the Capital Improvements Fund to the OPWA Sales Tax Fund.
Ms Bishop
The staff will recommend authorization to transfer $500,000 from the Capital
Improvements Fund to the OPWA Sales Tax Fund.
5. Adjournment