HomeMy WebLinkAbout2009.02.17_OPWA MinutesOWASSO PUBLIC WORKS AUTHORITY
MINUTES OF REGULAR MEETING
Tuesday, February 17, 2009
The Owasso Public Works Authority met in regular session on Tuesday, February 17, 2009 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, February 13, 2009.
ITEM 1. CALL TO ORDER
Chairman Cataudella called the meeting to order at 7:20 p.m.
ITEM 2. ROLL CALL
PRESENT
Steve Cataudella, Chairman
D.J. Gall, Vice Chair
Doug Bonebrake, Trustee
Wayne Guevara, Trustee
A quorum was declared present.
STAFF
Rodney Ray, Authority Manager
Julie Lombardi, Authority Attorney
ABSENT
Jon Sinex, Trustee
ITEM 3. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA
A. Approval of the Minutes of the February 3, 2009 Regular Meeting.
B. Approval of Claims.
C. Acknowledgement of receiving the monthly FY 2008-2009 budget status report.
Mr. Bonebrake moved, seconded by Mr. Guevara, to approve the OPWA Consent Agenda with
claims totaling $75,518.84. The payroll payment report for pay period ending 1/31/09 was
included for review.
YEA: Bonebrake, Cataudella, Gall, Guevara
NAY: None
Motion carried 4-0.
Owasso Public Works Authority
February 17, 2009
ITEM 4. CONSIDERATION AND APPROPRIATE ACTION RELATING TO A
REQUEST FOR TRUSTEE APPROVAL OF RESOLUTION NO. 2009-01,
AUTHORIZING THE CONVERSION OF THE AUTHORITY'S SERIES 1999B
PROMISSORY NOTE TO OKLAHOMA WATER RESOURCES BOARD (THE
"1999B NOTE") FROM A VARIABLE INTEREST RATE TO A FIXED
INTEREST RATE; AUTHORIZING THE CONVERSION OF THE
AUTHORITY'S SERIES 2001B PROMISSORY NOTE TO OKLAHOMA
WATER RESOURCES BOARD (THE "2001B NOTE") FROM A VARIABLE
INTEREST RATE TO A FIXED INTEREST RATE; AUTHORIZING THE
CONVERSION OF THE AUTHORITY'S SERIES 2001C PROMISSORY NOTE
TO OKLAHOMA WATER RESOURCES BOARD (THE "2001C NOTE") FROM
A VARIABLE INTEREST RATE TO A FIXED INTEREST RATE;
AUTHORIZING THE AMENDMENT OF THE 1999B NOTE, THE 2001B NOTE
AND THE 2001C NOTE AND OTHER RELATED DOCUMENTS IN
CONNECTION WITH THE REFERENCED CONVERSION OF INTEREST
RATE; AUTHORIZING THE DISBURSEMENT OF PROCEEDS OF THE 1999B
NOTE, THE 2001B NOTE, AND THE 2001C NOTE AND/OR FUNDS OF THE
AUTHORITY FOR COSTS IN CONNECTION WITH THE REFERENCED
CONVERSION OF INTEREST RATE; APPROVING AND AUTHORIZING
EXECUTION OF PROFESSIONAL SERVICES AGREEMENTS; AND
CONTAINING OTHER PROVISIONS RELATING THERETO
Ms. Bishop presented the item, recommending Trustee approval of OPWA Resolution No. 2009-
01 authorizing the conversion of the Promissory Notes to the OWRB from a variable interest rate
to a fixed interest rate; and other related provisions relating thereto.
Mr. Bonebrake moved, seconded by Mr. Guevara, for Council approval of Resolution No. 2009-
01, as recommended.
YEA: Bonebrake, Cataudella, Gall, Guevara
NAY: None
Motion carried 4-0.
ITEM 5. REPORT FROM OPWA MANAGER
No report
ITEM 5. REPORT FROM OPWA ATTORNEY
No report
OA
Owasso Public Works Authority
ITEM 6. NEW BUSINESS
None
ITEM 7. ADJOURNMENT
Mr. Guevara moved, seconded by Mr. Bonebrake, to adjourn.
YEA: Bonebrake, Cataudella, Gall, Guevara
NAY: None
Motion carried 4-0 and the meeting was adjourned at 7:22 p.m.
Pat Fry, Minute Clerk
February 17, 2009
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