HomeMy WebLinkAbout395_Amend Ord 326_Extending 1% SAles Tax to 2007.10.31BOOK 5137 PAGE 1657 753259
STATE OF OKLAHOMA
TULSA COUNTY
FILED OR RECORDED
88 NOV - 1 PM 4:04
JOAN HASTINGS
TULSA COUNTY CLERK
ORDINANCE NO. 395
HEREBY AMENDS ORDINANCE NO. 326, AS AMENDED,
WHICH WAS AN ORDINANCE LEVYING AND ASSESSING A
SALES TAX OF ONE PERCENT (1%) IN ADDITION TO
PRESENT SALES TAXES UPON THE GROSS PROCEEDS OR
GROSS RECEIPTS DERIVED FROM ALL SALES TO ANY
PERSON TAXABLEUNDER THE SALES TAX LAW OF
OKLAHOMA, INCLUDING BUT NOT LIMITED TO, CERTAIN
ENUMMERATED SALES LISTED THEREIN; PROVIDING FOR
THE PRUPOSE OF THE ONE PERCENT (1%) SALES TAX;
PROVIDING EXEMPTIONS EXEMPTED FROM THE SALES TAX
LAW OF OKLAHOMA, INCLUDING BUT NOT LIMITED TO,
CERTAIN ENUMERATED EXEMPTIONS LISTED THEREIN,;
PROVIDING FOR THE ADMINISTRATION AND COLLECTION
FO TAX, REQUIRING THE FILING OR RETURNS; PROVIDING
FOR INTEREST AND PENALTIES FOR FAILURE TO PAY TAX
WHEN DUE; PROVIDING FOR TAXPAYER TO KEEP
RECORDS; REQUIRING VENDORS TO COLLECT TAX FROM
PURCHASER AT TIME OF SALE; ESTABLISHING LIENS;
AUTHORIZING THE CITY COUNCIL TO MAKE
ADMINISTRATION AND TECHINICAL CHANGES AND
ADDITIONS, EXCEPT TAX RATE; MAKING THE TA
CUMULATIVE; PROVIDING SEVERABILITY OF PROVISIONS;
REQUIREING APPROVAL OF ORDINANCE BY MAJORITY OF
REGISTERED VOTERS VOTING AT AN ELECTION HELD FOR
SUCH PRUPOSE AS PROVIDED BY LAW; AND FIXING THE
EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA:
Section 1. That the ordinance heretofore passed by the Council of the City of
Owasso, Oklahoma (the "City "), numbered Ordinance Number 326, as amended,
providing for the levying and assessing of a sales tax of one percent (1 %) in addition to
present sales taxes upon the gross proceeds or gross receipts derived from all sales to
any person taxable under the sales tax law of Oklahoma, including but not limited to
certain enumerated sales listed therein; providing for the purpose of the one percent
(1 %) sales tax; providing exemptions exempted from the sales tax law of Oklahoma,
including but not limited to, certain enumerated exemptions listed therein; providing
for the administration and collection of tax; requiring the filing of returns; providing
for interest and penalties for failure to pay tax when due; providing for taxpayer to
keep records; requiring vendors to collect tax from purchaser at time of sale;
establishing liens; authorizing the City Council to make administration and technical
changes and additions, except tax rate; making the tax cumulative; providing
severability of provisions; requiring approval of ordinance by majority of registered
voters voting at an election held for such purpose as provided by law; and fixing
effective date, should be and same is hereby amended insofar as Sections Three (3) and
Four (4) thereof are concerned to read as follows, to wit:
BOOK 5137 PAGE 1658
"Section 3. Effective Date and Termination. This
Ordinance shall become effective on November 1, 1988, subject
to approval of a majority of the registered voters of the City of
Owasso voting on the same in the manner prescribed by law;
provided that upon approval by the voters as required above,
this Ordinance shall remain in effect until October 31, 2007."
"Section 4. Purpose. It is hereby declared to be the
purpose of this Ordinance to provide revenues for the purpose of
placing such revenues in the Debt Service Fund of the Owasso
Public Works Authority (the "Authority ") to be used to pay the
principal and interest requirements on the 1988 Revenue Bonds
issued by the Authority through October 31, 2007, and to
continue to make deposits to the Sinking Fund on the
outstanding General Obligation Bonds of 1983 of the City
through August 31, 1992, and thereafter for making deposits in
an amount equal to fifteen percent (15 %) of the proceeds of
said one percent sales tax to the Capital Future Fund of the
City for the purposes of funding future capital improvement
projects of the City as authorized by the voters of said City in
an election called for that purpose. All revenues generated
from said one percent sales tax must be restricted for the use
of capital projects only; said projects to be reviewed by the
Capital Improvements Committee, approved by the City
Council, with oversight given thereto by the Citizens' Watchdog
Committee, which shall be established by the City Council, and
subject to competitive bidding as required by law. Any
additional indebtedness incurred by the City and /or the
Authority utilizing said one percent sales tax must be approved
by a majority of the registered, qualified voters of the City,
voting at periodic elections for such purposes."
Section 2. That all other provisions of the above referred to Ordinance No. 326,
as amended shall remain in full form and effect and be unaffected by the terms
hereof.
PASSED AND APPROVED this 18th day of August 1988.
Mayor
(SEAL)
ATTEST: City Clerk
Affidavit Of Publication
STATE OF OKLAHOMA, TULSA COUNTY, as:
Bill R. Retherford, of lawful age, being duly sworn
and authorized, says that he is the publisher of the
Owasso Reporter a weekly
newspaper printed inthe City of Tulsa
Tulsa County, Oklahoma, a newspaper qualified to
publish legal notices, advertisements and publications as
provided in Section 106 of Title 25, Oklahoma Statutes 1971
and 1983 as amended, and thereafter, and complies with
all other requirements of the laws of Oklahoma with
reference to legal publications.
That said notice, a true copy of which is attached
hereto, was published in the regular edition of said
newspaper during the period and time of publication and
not in a supplement, on the following dates:
August 25, 1988
Subscribed and sworn to before
Notary Public
September 13, 1991
My Commission expires:
PUBLISHER'S FEE $87.35
Published in the Owasso Reporter, c,w,.n ,
Tulsa County, Oklahoma, August 25,
1988.
ORDINANCE NO- 395
HEREBY AMENDS ORDINANCE
NO. 326, AS AMENDED, WHICH
WAS AN ORDINANCE LEVYING
AND ASSESSING A SALES TAX OF
ONE PERCENT (196) IN ADDITION
TO PRESENT SALES TAXES UPON
THE GROSS PROCEEDS OR GROSS
RECEIPTS DERIVED FROM ALL SALES TO ANY PERSON TAXABLE
UNDER THE SALES TAX LAW OF
OKLAHOMA, INCLUDING BUT NOT
LIMITED TO, CERTAIN ENUMER-
ATED SALES LISTED THEREIN;
PROVIDING FOR THE PURPOSE OF
THE ONE PERCENT (1 %) SALES
TAX; PROVIDING EXEMPTIONS
EXEMPTED FROM THEE U ➢I AX
LAW O OKLAHOMA, CERTAIN
BUT NOT LIMITED TO,
ENUMERATED EXEIv1PTIONS LIST-
ED THEREIN; PROVIDING FOR
THE ADMINISTRATION AND COL-
LECTION OF TAX; REQUIRING THE
FILING OF RETURNS; PROVIDING
FOR INTEREST AND PENALTIES
FOR FAILURE TO PAY TAX WHEN
DUE; PROVIDING FOR TAXPAYER
TO KEEP RECORDS; REQUIRING
VENDORS TO COLLECT TAX FROM
PURCHASER AT TIME OF SALE;
ESTABLISHING LIENS; AUTHORIZ-
ING THE CITY COUNCIL TO MAKE
ADMINISTRATION AND TECHNI-
CAL CHANGES AND ADDITIONS,
EXCEPT TAX RATE; MAKING THE
TAX CUMULATIVE; PROVIDING
SEVERABILITY PROVISIONS;
REQUIRING APPROVALL OFORDI-
NANCE BY MAJORITY OF REGIS-
TERED VOTERS VOTING AT AN
ELECTION HELD FOR SUCH
PURPOSE AS PROVIDED BY LAW;
AND FIXING THE EFFECTIVE
DATE.
BE IT ORDAINED BY THE CITY
COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA:
S. thou 1. That the ordinance heretofoe,
passed by the Council of the City of
Owasso, Oklahoma (the "City'), numbered
Ordinance Number 326, as amended,
providing for the levying and lamming of a
Balsa tax of one percent (1 %) in addition to
present Bales taxes upon the gross proceeds
or gross receipts derived from all salsa to
any person taxable under the Bales tax law
of Oklahoma, including but not limited to
certain enumerated sales listed therein;
providing for the pmpoaa of the one percent
(1 %) Bales tax; providing exemptions
exempted from the sales tax law of
Oklahoma, including but not limited to,
certain enumerated exemptions listed
therein; providing for the administration
and collection of tax; requiring the filing of
returns; providing for interest and
penalties for failure to pay tax when due;
providing for taxpayer to keep records;
requiring vendors to collect tax from
purchaser at time of sale; establishing
hem; authorizing the City Council to make
administration and technical changes and
additions, except tax rate; making the tax
cumulative; providing —king of
provisions; requiring approval of ordinance
by majority of registered voters voting at
an election held for such purpose as
provided by law; and feting effective date,
should be and same is hereby amended
imofar as sections Three (3) end Four (4;
thereof are concerned to read Be follows, to,
wit:
"Section 8. Effective Date Bud
Termination. This Ordinance shall
become effective on November 1, 1988,
subject to approval of a majority of the
registered voters of the City of Owasso
voting on the same in the manner
prescribed by law; providing that upon
approval by the voters as required
above, this Ordinance shall remain in
effect until October 31, 2007.°
"Section 4. Purpose. It is hereby
declared to be the purpose of this
Ordinance to provide revenues for the
purpose of placing such revenues in
the Debt Service Fund of the Owasso
Public Works Authority (the
Authority) to be used to pay the
principal and interest requirements on
the 1988 Revenue Bonds issued by the
Authority through October 31, 2007,
Bud to continue to make deposits to the
Sinking Fund on the outstanding
General Obligation Bonds of 1983 of
the City through August 31, 1992, and
thereafter for making deposits in an
amount equal to fifteen percent (15 %)
of the proceeds of said one percent
sales tax to the Capital Future Fund of
the City for the purposes of funding
future capital improvement projects of
the City as authorized by the voters of
said City in an election called for that
purpose. All revenues generated from
said one percent sales tax must be
restricted for the use of capital projects
only; said projects to be reviewed by
the Capital Improvements Committee,
approved by the City Council, with
oversight given thereto by the Citizens
Watchdog Committee, which shall be
established by the City Council, Bud
subject to competitive bidding as
required by law. Any additional
indebtedness incurred by the City
and/or the authority utilizing said one
NNpercent Bales tax must be approved by
a majority of the registered, qualified
voters of the City, voting at periodic
elections for such purposes.
section 2. That all other provisions of
the above referred to Ordinance No. 326, Be
amended shall remain in full form and
effect and be unaffected by the terms
hereof.
PASSED AND APPROVED this 18th
day of August, 1988.
/s/ Stacy P. Lamb
Mayor
(SEAL)
ATTEST:
/a/ Jane Buchanan
City Clerk
Affidavit Of Publication
E OF OKLAHOMA, TULSA COUNTY, ss:
R. Retherford, of lawful age, being duly sworn
lthorized, says that he is the publisher of the ............
asso Reporter
............................. ............................... a weekly
aper printed in the City of ... Tulsa
......................
County, Oklahoma, a newspaper qualified to
h legal notices, advertisements and publications as
ed in Section 106 of Title 25, Oklahoma Statutes 1971
63 as amended, and thereafter, and complies with
er requirements Of the laws of Oklahoma with
Ice to legal publications.
said notice, a true copy of which is attached
was published in the regular edition of said
per during the period and time of publication and
supplement, on the following dates:
ust 25th
196.......................
led and sworn to before meithhjs .....
.............
�:...9u.�iuSt .............. .....................
. J ....,196..8 .
Notary Public
Se tanber 13, 1991
mission eXjllres:... ...P. ....... ...............................
PUBLiSHER'S FEE $..284..65
Published in the Owasso Reporter, Owasso
Tulsa County., Oklahoma, August 25,
1988.
THE CITY COUNCIL OF THE CITY OF
OWASSO, STATE OF OKLAHOMA,
MET IN SPECIAL SESSION IN THE
COUNCIL CHAMBERS AT THE CITY
HALL IN SAID CITY ON THE 18TH
DAY OF AUGUST, 1988, AT 7:00
O'CLOCK P.M.
PRESENT: Stacey P. Lamb, Patricia
Marlar, John P. Phillips and Mark
Thompson
ABSENT: Von Stocker
Notice of this special meeting having
been given in writing to the Clerk of the
municipality, for"ght (48) boom prior to
such meeting and public notice of this
meeting having been posted in prominent
view at the City Hall, 207 South Cedar,
Owasso, Oklahoma, twenty -fomr (24) hours
prior to this meeting, excluding Saturdays,
Sundays and legal holidays, all in
compliance with the Oklahoma Open
Meeting Act
(Other Proceedings)
THEREUPON, the Mayor introduced a
Resolution, and upon motion by Phillips,
seconded by Thompson, said Resolution
i adopted by the following vote:
AYS:: Lamb, Marlar, Phillips and
Thompson.
NAY: None
Said Resolution was thereupon signed
by the Mayor, attmted by the Clerk, sealed
with the see] ofesid municipality, and is as
follows:
RESOLUTIONNO. W12
A RESOLUTION AUTHORIZING
THE CALLING AND HOLDING OF
AN ELECTION IN THE CITY OF
OWASSO, STATE OF OKLAHOMA,
FOR THE PURPOSE OF SUBMIT-
TING TO THE REGISTERED
QUALIFIED ELECTORS OF SAID
CITY THE QUESTIONS OF THE
ISSUANCE OF THE REVENUE
BONDS OF THE OWASSO PUBLIC
WORKS AUTHORITY IN THE SUM
OF TWO MILLION SEVEN HUN-
DRED THOUSAND DOLLARS
($2,700,000) TO PROVIDE FUNDS
FOR THE PURPOSE OF CON.
STRUCTING STREET IMPROVE.
MENTS TO 86TH STREET; OF THE
ISSUANCE OF THE REVENUE
BONDS OF SAID AUTHORITY IN
THE SUM OF FOUR HUNDRED
THOUSAND DOLLARS ($400,000) TO
PROVIDE FUNDS FOR THE
PURPOSE OF CONSTRUCTING
ADDITIONAL STREET IMPROVE.
OOFNTHE THROUGHOUT ISSUANCE SAID
OF THE
REVENUE BONDS OF SAID
AUTHORITY IN THE SUM OF FIVE
HUNDRED FIFTEEN THOUSAND
DOLLARS ($515,000) TO PROVIDE
FUNDS FOR THE PURPOSE OF
ACQUIRING IMPROVEMENTS TO
BE MADE BY THE CITY FOR
STORM SEWER AND DRAINAGE
SYSTEMS TO BE OWNED EXCLU-
SIVELY BY THE CITY; OF THE
ISSUANCE OF THE REVENUE
BONDS OF SAID AUTHORITY IN
THE SUM OF THIRTY FIVE
THOUSAND DOLLARS ($35,000) TO,
PROVIDE FUNDS FOR THE
PURPOSE OF PURCHASING FIRE-
FIGHTING EQUIPMENT TO BE
OWNED EXCLUSIVELY BY THE
CITY; OF THE ISSUANCE OF
REVENUE BONDS OF SAID
AUTHORITY IN THE SUM OF FIFTY
THOUSAND DOLLARS ($60,000) TO
PROVIDE FUNDS FOR THE
PURPOSE OF ACQUIRING, CON-
" STRUCTING AND EQUIPPING AN
ANIMAL IMPOUNDMENT FACILITY
TO BE OWNED EXCLUSIVELY By
THE CITY; OF THE ISSUANCE OF
REVENUE BONDS OF SAID
AUTHORITY IN THE SUM OF FOUR
HUNDRED FORTY THREE THOU-
SAND -DOLLARS ($443,000) TO
PROVIDE FUNDS FOR THE PUR-
POSE OF ACQUIRING, CONSTRUC-
TING, RENOVATING AND EQUIP-
PING CERTAIN RECREATIONAL
FACILITIES TO BE OWNED EXCLU.
SIVELY BY THE CITY; OF THE
APPROVAL OR REJECTION OF
ORDINANCE NO. 395 OF THE CITY
RELATING TO THE EXTENSION OF
THE ONE PERCENT (1 %) SALES
TAX ESTABLISHED PURSUANT TO
ORDINANCE NO. 326, AS AMEN-
DED, OF THE CITY AND DEFINING
THE PURPOSE FOR SUCH TAX;
AND DECLARING AN EMERGENCY.
WHEREAS, it is deemed advisable by
the City of Owasso, State of Oklahoma (the
City") to make certain street improve-
ment" throughout of the City, improve the
storm sewer and drainage system, pur-
chase firefighting equipment, acquire,
construct and equip an animal impound-
ment facility 'and acquire, construct,
renovate and equip certain recreational
facilities of the City, and ,
WHEREAS, the Owasso Public Works
"
Authority(the Authority) intends toisaua
revenue bonds in a sufficient amount in
order to have funds available to finance
such improvements set forth hmem and to
Provide for the retirement of certain
existing indebtedness of the Authority; and
WHEREAS, it is deemed advisable to
extend the one percent 0 %) sales tax
established by Ordinance No. 326, as
amended of the City and provide that the
proceeds thereof be need to pay principal
and interest on the bonds referenced herein
and to provide capital improvements under
certain circumstances for the City; and
WHEREAS, the estimated amounts nee.
esaary for such purposes are Three Million
One Hudnred Thousand Dollars
($3,100,000) for street improvements, Five
Hundred Fifteen Thousand Dollars
($515,000) for the atom sewer and drain-
age system, Thirty -Five Thousand Dollars
($35,000) for firefighting equipment, Fifty
Thousand Dollars ($50,000) for the animal
impoundment facility and Four Hundred
Forty -Three Thousand ($443,000) for
recreational facilities; and
WHEREAS, power is granted said
Authority under Title 60, Oklahoma
Statutes, Section 176 et seq., to issue
revenue bonds to provide foods for such
purpWea.
NOW, THEREFORE, BE IT
RESOLVED by the Council of the City of
Owama, State of Oklahoma:
SECTION 1. That the Mayor of said City
be, and he is hereby authorized and
directed to call a special elation to be held
in said City on the 4th day of October,
1988, for the purpose of submitting to the
registered qualified voters thereof the
following propositions:
PROPOSITIONNO.I
"SHALL THE OWASSO PUBLIC
WORKS AUTHORITY INCUR AN
INDEBTEDNESS BY ISSUING ITS
REVENUE BONDS IN SUCH SUM
NECESSARY TO NET TWO MIL-
LION SEVEN HUNDRED THOU-
SAND DOLLARS ($2,700,000) TO
PROVIDE FUNDS FOR THE PUR.
POSE OF CONSTRUCTING STREET
IMPROVEMENTS TO 86TH STREET
WITHIN THE CITY OF OWASSO,
OKLAHOMA?"
EXPLANATORYNOTE
Unless Proposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpose,
the Revenue Bonds provided in the
above Proposition No. 1 WILL NOT BE
ISSUED.
PROPOSITION NO.2
"SHALL THE OWASSO PUBLIC
WORKS AUTHORITY INCUR AN
INDEBTEDNESS BY ISSUING ITS
REVENUE BONDS IN SUCH SUM
NECESSARY TO NET FOUR HUN-
DRED THOUSAND DOLLARS
($400,000) TO PROVIDE FUNDS FOR
THE PURPOSE OF CONSTRUCTING
STREET IMPROVEMENTS TO MAIN
STREET, 76TH STREET AND VARI-
OUS RESIDENTIAL STREETS
WITHIN THE CITY OF OWASSO,
OKLAHOMA?"
EXPLANATORYNOTE
Unless Proposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpose,
the Revenue Bonds provided in the
above Proposition No. 2 WILL NOT BE
ISSUED.
PROPOSITIONNO, e
°SHALL THE OWASSO PUBLIC
WORKS AUTHORITY ITY INCUR
INDEBTEDNESS By ISSUING ITS
REVENUE BONDS IN SUCH SUM
NECESSARY TO NET FIVE HUN-
DRED FIFTEEN THOUSAND DOL-
LARS ($515,000) TO PROVIDE
FUNDS FOR THE PURPOSE OF
ACQUIRING IMPROVEMENTS TO
BE MADE BY THE CITY FOR
STORM SEWER AND DRAINAGE
SYSTEMS TO BE OWNED EXCLU.
SIVELY BY SAID CITY, COMMONLY
REFERRED TO AS THE NORTH
OWASSO DRAINAGE STUDY AND
THE ORIGINAL TOWN DRAINAGE
PROJECTS?"
EXPLANATORY NOTE
Unless Preposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpos
the Revenue Bonds provided in the e,
above Propaeitim No. 3 WILL NOT BE
ISSUED.
"SHALL RTOHPEE OWASSO PUBLIC
WORKS AUTHORITY INCUR AN
INDEBTEDNESS BY. IS ITS
REVENUE BONDS IN SUCH SUM
NECESSARY TO NET THIRTY -FIVE
THOUSAND DOLLARS ($35,000) TO
PROVIDE FUNDS'FOR THE
PURPOSE OF PURCHASING FIRE.
FIGHTING EQUIPMENT TO BE
OWNED EXCLUSIVELY BY SAID
CITY"'
EXPLANATORYNOTE
Unless Proposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpose,
the Revenue Bonds provided in the
above Proposition No. 4 WILL NOT BE
ISSUED.
PROPOSITION NO.5
"SHALL THE OWASSO PUBLIC
WORKS AUTHORITY INCUR AN
INDEBTEDNESS BY ISSUING ITS
REVENUE BONDS IN SUCH SUM
NECESSARY TO NET FIFTY THOU-
SAND DOLLARS ($50,000) TO
PROVIDE FUNDS FOR THE PUR-
POSE OF ACQUIRING, CONSTRUC-
TING AND EQUIPPING AN ANIMAL
IMPOUNDMENT- FACILITY TO BE
OWNED EXCLUSIVELY BY SAID
CITY?"
EXPLANATORYNOTE
Unless Proposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpose,
the Revenue Bonds provided in the
above Proposition No. 5 WILL NOT BE
ISSUED.
PROPOSITIONNO.8
"SHALL THE OWASSO PUBLIC
WORKS AUTHORITY INCUR AN
INDEBTEDNESS BY ISSUING ITS
REVENUE BONDS IN SUCH SUM
I NECESSARY TO NET FOUR
HUNDRED FORTY -THREE THOU- •
SAND DOLLARS ($443,000) TO
PROVIDE FUNDS FOR THE
PURPOSE OF ACQUIRING, CON-
STRUCTING, RENOVATING AND
EQUIPPING CERTAIN RECRE-
ATIONAL FACILITIES TO BE
OWNED EXCLUSIVELY BY SAID
CITY?"
EXPLANATORYNOTE
Unless Proposition No. 7 providing for
an extension of the One Percent Sales
(Excise) Tax is approved by a majority
of the registered qualified voters,
voting at the election for such purpose,
the Revenue Bonds provided in the
above Proposition No. 6 WILL NOT BE
ISSUED.
PROPOSITION NO. 7
"SHALL ORDINANCE NO. 395 OF
THE CITY OF OWASSO BE APPROV-
ED, WHICH ORDINANCE EXTENDS
FROM SEPTEMBER 1, 1992 TO
OCTOBER 31, 2007, THE TERMIN-
ATION DATE OF THE ONE
PERCENT SALES (EXCISE) TAX
LEVIED BY ORDINANCE NO. 326,
AS AMENDED OF THE CITY OF
OWASSO AND PROVIDES THAT
THE PROCEEDS DERIVED FROM
SUCH ONE PERCENT SALES
(EXCISE) TAX SHALL BE USED TO
MAKE DEPOSITS TO THE DEBT
SERVICE FUND OF THE OWASSO
PUBLIC WORKS AUTHORITY FOR
THE PURPOSE OF PAYING THE
PRINCIPAL AND INTEREST ON
THE 1988 REVENUE BONDS TO BE
ISSUED PURSUANT TO PROPO-
SITION NO. 1, PROPOSITION NO. 2,
PROPOSITION NO. 3, PROPOSITION
NO. 4, PROPOSITION NO. 5 AND
PROPOSITION NO. 6 ABOVE AND
TO CONTINUE TO MAKE DEPOSITS
TO THE SINKING FUND ON THE
OUTSTANDING GENERAL OBLIGA.
TION BONDS OF 1983 THROUGH
JUNE 30, 1992, AND THEREAFTER
FOR MAKING DEPOSITS IN AN
AMOUNT EQUAL TO FIFTEEN
PERCENT (15 %) OF THE PROCEEDS
OF SAID ONE PERCENT SALES
(EXCISE) TAX TO THE CAPITAL
FUTURE FUND OF THE CITY FOR
THE PURPOSE OF FUNDING
FUTURE CAPITAL IMPROVEMENT
PROJECTS OF THE CITY OF
OWASSO AS AUTHORIZED BY THE
VOTERS OF SAID CITY IN AN
ELECTION CALLED FOR THAT
PURPOSE; AND REQUIRING SAID
REVENUES GENERATED FROM
SAID ONE PERCENT SALES TAX TO
BE RESTRICTED FOR THE USE OF
CAPITAL PROJECTS ONLY, WITH
SAID PROJECTS TO BE REVIEWED
BY THE CAPITAL IMPROVEMENTS
COMMITTEE, APPROVED BY THE
CITY COUNCIL, WITH OVERSIGHT
GIVEN THERETO BY THE
CITIZENS' WATCHDOG COMMIT-
TEE, WHICH SHALL BE ESTAB-
LISHED BY THE CITY COUNCIL,
SUBJECT TO COMPETITIVE BID-
DING AS REQUIRED BY LAW, WITH
ANY ADDITIONAL INDEBTEDNESS
INCURRED BY THE CITY AND /OR
TI4E AUTHORITY UTILIZING SAID
ONE PERCENT -SALES TAX
REQUIRING APPROVAL BY THE
MAJORITY OF THE REGISTERED,
QUALIFIED VOTERS OF THE CITY,
VOTING AT PERIODIC ELECTIONS
FOR SUCH PURPOSES?"
SECTION 2. The specific project for
which all of the proceeds of the aforesaid
$2,700,000 revenue bonds to be issued for
street improvements shall be expended and
the dollar amount of proceeds to be spent
on such project shall be as follows:
86th Street Improvements
$2,700,000
SECTIONS. That the specific project, for
which all of the proceeds of the aforesaid
$400,000 revenue, bonds to be issued for
street improvements shall be expended and
the dollar amount of proceeds to be spent
on such project shall be as follows:
a 3- year Resid ential ntial Street Overlay.
$160,000
(b) 76th Street Improvements.
$150,000
(c) Main Street Renovation.
-$100,000
$490,000
SECTION 4. The specific project for
which all of the proceeds of the aforesaid
$515,000 revenue bonds to be issued for
atom sewer and drainage system
improvements shall be expended and the
dollar amount of such project shall be as
follows:
(a) North Owasso Drainage Study.
$15,000
(b) Origial Town Drainage Projeets.
$500,000
$515,000
SECTION 5. The specific project for
which all of the proceeds of the aforesaid
$35,000 revenue bonds to be issued for
firefighting equipment shall be expended
and the dollar amount of such project shall
be as follows:
Purchase a radio /communication
system for the City of Owasso Fire
Department.
$35,000
SECTION 6. The specific project for
which all of the proceeds of the aforesaid
$50,000 revenue bonds to be issued for the
construction of an animal impoundment
facility shall be expended and the dollar
amount crouch project shall be as follows:
Acquisition, construction and equip-
ping of an animal impoundment
facility.
$50,000
SECTION 7. That the specific project for
which all of the proceeds of the $443,000
revenue bonds to be issued for the
acquisition, construction and renovation of
various recreational facilities shall be
expended and the dollar amount of such
project shall be m follows:
. (a) Recreation Center renovation.
$33,000
(b) Acquire North Open Space/Sports
Complex.
$270,000
(c) Acquire, construct and equip a
Bmeball/Soccer Complex.
$120,000
(d) Replace the lighting system at the
Rodeo Grounds.
$20,000
$443,000
SECTION 8. That such call for said
election shall be by proclamation, signed by
the Mayor and attested by the City Clark,
setting forth the propositions to be voted
upon and the hours of opening and closing
of the polls. That the ballots shall set forth
the propositions to be voted upon sub-
stantially as set out in Section 1 hereof,
and that the returns of said election shall
be made to and canvassed by the Tulsa
County Election Board. '
SECTION 9. That by reason of said City
being in need of certain street improve-
ments, and without adequate storm sewer
and drainage systems, firefighting equip-
ment, animal impoundment facilities and
recreational facilities it is deemed and
hereby declared necessary for the pre-
servation of the public health, peace and
safety that this resolution shall become
operative immediately; wherefore, an
emergency is hereby declared to exist and
this Resolution No. 88 -12 shall be in full
force and effect immediately from and after
its passage and approval.
PASSED AND APPROVED this 18th
day of August, 1988.
/s/ Stacy P. Lamb
Mayor
(SEAL)
ATTEST:
/s/ Jane llucham n
City Clerk
STATE OF OKLAHOMA)
)SS
COUNTYOFTULSA )
I, the undersigned, the duly qualified
and acting Clerk of the City of Owasso,
Oklahoma, hereby certify that the
foregoing is a true and complete copy of
Resolution No. 88 -12 authorizing the
calling and holding of an election for the
purpose therein set out adopted by the
governing body of a special meeting thereof
.duly held on the date therein set out
insofar as the same relates to the
introduction, reading and adoption thereof
as the acme appears of record in my office.
I further certify that attached hereto are
true and complete copies of the notice given
to the City Clerk of Owasso, Oklahoma, at
least forty -eight (48) hours prior to the
meeting at which said Resolution was
adopted; and of public notice posted at the
City Hall, 207 South Cedar, in said mum -
cipality twenty-four (24) hours prim to said
meeting, excluding Saturdays, Sundays
and legal holidays.
WITNESS my hand and seal this 18th
day of August, 1988.
/a/ Jane Buchanan
City Clerk
(SEAT.)
Affidavit Of Publication
STATE OF OKLAHOMA, TULSA COUNTY, ss:
Bill R. Retherford, of lawful age, being duly sworn
and authorized, says that he is the publisher of the
Owasso Reporter
a weekly newspaper printed in the City of . Tulsa
Tulsa County, Oklahoma, a newspaper qualified to
Publish legal notices, advertisements and publications as
provided in Section 106 of Title 25, Oklahoma Statutes 1971
and 1983 as amended, and thereafter, and complies with
all other requirements of the laws of Oklahoma with
reference to legal publications.
That said notice, a true copy of which is attached
hereto, was published in the regular edition of said
newspaper during the period and time of publication and
not in a supplement, on the following dates:
Au st 25th 198.8k 25th
Subscribed and swornto before me
August 8
dayof
Notary Public
Se tenber 13, 1991
My Commission expires:
PUBLISHER'SFEE $87 ,35
Published in the Owasso Reporter, Owasso,
Tulsa County, Oklahoma, August 25,
1988.
ORDINANCE NO. 396
HEREBY AMENDS ORDINANCE
NO. 326, AS AMENDED, WHICH
WAS AN ORDINANCE LEVYING
AND ASSESSING A SALES TAX OF
ONE PERCENT (1 %) IN ADDITION
TO PRESENT SALES TAXES UPON
THE GROSS PROCEEDS OR GROSS
RECEIPTS DERIVED FROM ALL
SALES TO ANY PERSON TAXABLE
UNDER THE SALES TAX LAW OF
OKLAHOMA, INCLUDING BUT NOT
LIMITED TO, CERTAIN ENUMER-
ATED SALES LISTED THEREIN;
PROVIDING FOR THE PURPOSE OF
THE ONE PERCENT (1 %) SALES
TAX; PROVIDING EXEMPTIONS
EXEMPTED FROM THE SALES TAX
LAW OF OKLAHOMA, INCLUDING
BUT NOT LIMITED TO, CERTAIN
ENUMERATED EXEMPTIONS LIST-
ED THEREIN; PROVIDING FOR
THE ADMINISTRATION AND COL-
LECTION OF TAX; REQUIRING THE
FILING OF RETURNS; PROVIDING
FOR INTEREST AND PENALTIES
FOR FAILURE TO PAY TAX WHEN
DUE; PROVIDING FOR TAXPAYER
TO KEEP RECORDS; REQUIRING
VENDORS TO COLLECT TAX FROM
PURCHASER AT TIME OF SALE;
ESTABLISHING LIENS; AUTHORIZ-
ING THE CITY COUNCIL TO MAKE
ADMINISTRATION AND TECHNI-
CAL CHANGES AND ADDITIONS,
EXCEPT TAX RATE; MAKING THE
TAX CUMULATIVE; PROVIDING
SEVERABILITY OF PROVISIONS;
REQUIRING APPROVAL OF ORDI.
NANCE BY MAJORITY OF REGIS.
TERED VOTERS VOTING AT AN
ELECTION HELD FOR SUCH
PURPOSE AS PROVIDED BY LAW;
AND FIXING THE EFFECTIVE
DATE.
BE IT ORDAINED BY THE CITY
COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA:
Section 1. That the ordinance heretofore
passed by the Council of the City of
Owasso, Oklahoma (the "City"), numbered
Ordinance Number 326, as amended,
Providing for the levying and assessing of a
Balm tax of one percent (1 %) in addition to
prment Balm taxes upon the gross proceeds
or gross receipts derived from all Balm to
any person taxable under the Bales tax law
of Oklahoma, including but not limited to
certain enumerated sales listed therein;
providing for the purpose of the one percent
(1 %) Bales tax; providing exemptions
exempted from the Bales tax law of
Oklahoma, including but not limited to,
certain enumerated exemptions listed
therein; providing for the administration
and collection of tax; requiring the filing of
returns; providing for interest and
penalties far failure to pay tax when due;
Providing for taxpayer to keep record,;
requiring vendors to collect tax from
purchaser at time of 'Ile; establishing
lines; authorizing the City Council to make
administration and technical changes and
additions, except tax rate; making the tax
cumulative; providing 'everability of
provisions; requiring approval of ordinance
by majority of registered voters voting at
an election held for such purpose as
provided by law; and firing effective date,
should be and same is hereby amended
insofar as Sections Three (3) and Four (4)
thereof am concerned to read as follows, to-
wit:
"Section 3. Effective Date and
Termination. This Ordinance shall
become effective on November 1, 1988,
subject to approval of a majority of the
registered voters of the City of Owasso
voting on the same in the manner
prescribed bylaw, providing that upon
approval by the voters as required
above, this Ordinance shall remain in
effect until October 31, 2007."
"Section 4. Purpose. It is hereby
declared to be the purpose of this
Ordinance to provide revenues for the
purpose of placing such revenues in
the Debt Service Fund of the Owosso
Public Works Authority (the
"Authority ") to be used to pay the
principal and interest requirements on
the 1988 Revenue Bonds issued by the
Authority through October 31, 2007,
and to continue to make deposits to the
Sinking Fund on the outstanding
General Obligation Bonds of 1983 of
the City through August 31, 1992, end
thereafter for making deposits in an
amount equal to fifteen percent (15 %)
of the proceeds of said one percent
sales tax to the Capital Future Fund of
the City for the purposes of funding
future capital improvement projects of
the City m authorized by the voters of
said City in an election called for that
purpose. All revenues generated from
said one percent sales tax must be
restricted for the use of capital projects
only; said projects to be reviewed by
the Capital Improvements Committee,
approved by the City Council, with
oversight given thereto by the Citizens'
Watchdog Committee, which shall be
established by the City Council, and
subject to competitive bidding as
required by law. Any additional
indebtedness incurred by the City
and/or the authority utilizing mid one
percent sales tax meet be approved by
a majority of the registered, qualified
voters of the City, voting at periodic
elections fm such purposes."
Section 2. That all other provisions of
the above referred to Ordinance No. 326, m
amended shall remain in full form and
effect and be unaffected by the terms
hereof.
PASSED AND APPROVED this 18th
day of August, 1988.
/a/ Stacy P. Lamb
Mayor
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