HomeMy WebLinkAbout2008.12.02_OPWA MinutesOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, December 2, 2008
The Owasso Public Works Authority met in regular session on Tuesday, December 2, 2008 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, November 28, 2008.
ITEM 1. CALL TO ORDER
Chairman Cataudella called the meeting to order at 9:59 p.m.
ITEM 2. ROLL CALL
PRESENT ABSENT
Steve Cataudella, Chairman
D.J. Gall, Vice Chair
Doug Bonebrake, Trustee
Wayne Guevara, Trustee
Jon Sinex, Trustee
A quorum was declared present.
STAFF
Rodney Ray, Authority Manager
Julie Lombardi, Authority Attorney
ITEM 3. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA
A. Approval of the Minutes of the November 4, 2008 Regular Meeting and the
November 21, 2008 Special Meeting.
B. Approval of Claims.
C. Acknowledgement of receiving the monthly FY 2008-2009 budget status report.
Mr. Guevara moved, seconded by Mr. Bonebrake, to approve the OPWA Consent Agenda with
claims totaling $684,463.59. The payroll payment reports for pay periods ending 11/08/08 and
11/22/08 were included for review.
Owasso Public Works Authority December 2, 2008
YEA: Bonebrake, Cataudella, Gall, Guevara, Sinex
NAY: None
Motion carried 5-0.
ITEM 4. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR TRUSTEE ADOPTION OF RESOLUTION NO. 2008-04, A RESOLUTION
AUTHORIZING THE OWASSO PUBLIC WORKS AUTHORITY (THE
"AUTHORITY") TO ISSUE ITS SALES TAX REVENUE NOTE, SERIES 2008
(THE "NOTE") IN THE AGGREGATE PRINCIPAL AMOUNT OF $7,680,000;
WAIVING COMPETITIVE BIDDING AND AUTHORIZING THE NOTE TO BE
SOLD ON A NEGOTIATED BASIS; RATIFYING AND CONFIRMING A
SALES TAX AGREEMENT BY AND BETWEEN THE CITY AND THE
AUTHORITY PERTAINING TO A YEAR-TO-YEAR PLEDGE OF CERTAIN
SALES TAX REVENUE; APPROVING AND AUTHORIZING EXECUTION OF
A SUPPLEMENTAL NOTE INDENTURE AUTHORIZING THE ISSUANCE
AND SECURING THE PAYMENT OF THE NOTE; PROVIDING THAT THE
ORGANIZATIONAL DOCUMENT CREATING THE AUTHORITY IS SUBJECT
TO THE PROVISIONS OF THE NOTE INDENTURE; AUTHORIZING AND
DIRECTING THE EXECUTION OF THE NOTE AND OTHER DOCUMENTS
RELATING TO THE TRANSACTION; ESTABLISHING THE AUTHORITY'S
REASONABLE EXPECTATION WITH RESPECT TO THE ISSUANCE OF
TAX-EXEMPT OBLIGATIONS BY THE AUTHORITY IN CALENDAR YEAR
2008, AND DESIGNATING THE NOTE AS A QUALIFIED TAX-EXEMPT
OBLIGATION; APPROVING PROFESSIONAL SERVICES AGREEMENTS;
AND CONTAINING OTHER PROVISIONS RELATING THERETO
Ms. Bishop presented the item, recommending Trustee approval of OPWA Resolution No. 2008-
04 authorizing the issuance of a $7,680,000 Sales Tax Revenue Note and containing other related
provisions.
Mr. Bonebrake moved, seconded by Mr. Sinex, for Trustee approval of OPWA Resolution No.
2008-04, as recommended.
YEA: Bonebrake, Cataudella, Gall, Guevara, Sinex
NAY: None
Motion carried 5-0.
ITEM 5. REPORT FROM OPWA MANAGER
No report
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Owasso Public Works Authority
December 2, 2008
ITEM 6. REPORT FROM OPWA ATTORNEY
No report
ITEM 7. NEW BUSINESS
None
ITEM 8. ADJOURNMENT
Mr. Bonebrake moved, seconded by Mr. Guevara, to adjourn.
YEA: Bonebrake, Cataudella, Gall, Guevara, Sinex
NAY: None
Motion carried 5-0 and the meeting was adjourned at 10:02 p.m.
Pat Fry, Minute Cle
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D.J. G , Vice Chairman
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