(Published in The Norman Transcript May 5, 2015, 1t) PURSUANT TO THE LEGAL NOTICE AS IS REQUIRED BY THE OKLAHOMA OPEN MEETING ACT INCLUDING THE POSTING OF NOTICE AND AGENDA AS IS REQUIRED BY THE TERMS THEREOF, THE BOARD OF TRUSTEES OF THE NORMAN UTILITIES AUTHORITY (THE AUTHORITY) MET IN REGULAR SESSION IN CITY HALL, 201 WEST GRAY, IN NORMAN, OKLAHOMA, ON THE 28TH DAY OF APRIL, 2016, AT 6:30 P.M. PRESENT: Trustees Allison, Castleberry, Holman, Jungman, Karjala, Lang, Miller, Chairman Rosenthal ABSENT: Trustee Heiple Notice of the schedule of regular meetings of the governing body of the Authority for the calendar year 2016 having been given in writing to the City Clerk of The City of Norman, Oklahoma (the City) at 3:00 o'clock p.m. on the 8th day of December, and public notice of this meeting, setting forth the date, time, place and agenda was posted at the entry to City Hall, 201 West Gray, in Norman, Oklahoma, in prominent view and open to the public twenty-four (24) hours each day, seven days each week at 1:48 p.m. on the 26th day of April, 2016, being twenty-four (24) hours or more prior to this meeting, excluding Saturdays, Sundays and State designated legal holidays, all in compliance with the Oklahoma Open Meeting Act. (OTHER PROCEEDINGS) Thereupon, Chairman Rosenthal introduced the proposed resolution set forth hereinbelow, which was read in full by the Secretary or Assistant Secretary and upon motion by Trustee Holman and seconded by Trustee Castleberry, said Resolution was adopted by the following vote: AYE: Trustees Allison, Castleberry, Holman, Jungman, Karjala, Lang, Miller, Chairman Rosenthal NAY: None The Resolution was thereupon signed by the Chairman or Vice Chairman, attested by the Secretary or Assistant Secretary, sealed with the seal of said Authority, and is as follows: [Resolution No. R-1516-107 Begins on Following Page] R-1516-107 Resolution A RESOLUTION OF THE NORMAN UTILITIES AUTHORITY (THE AUTHORITY) AUTHORIZING THE EXECUTION OF PROFESSIONAL SERVICES AGREEMENTS PERTAINING TO THE REFINANCING OF THE AUTHORITYS SERIES 2009A DRINKING WATER SRF PROMISSORY NOTE; AUTHORIZING THE AUTHORITYS FINANCIAL ADVISOR TO DISTRIBUTE BID PACKAGES TO PROSPECTIVE FINANCIAL INSTITUTIONS IN CONNECTION WITH THE REFERENCED FINANCING; AND CONTAINING OTHER PROVISIONS RELATING THERETO. WHEREAS, the Norman Utilities Authority (the Authority) has under consideration the refinancing of its $14,000,000.00 Series 2009A Drinking Water SRF Promissory Note to Oklahoma Water Resources Board dated August 28, 2009 for the purpose of achieving debt service savings (the Refinancing); and WHEREAS, in order to accomplish the Refinancing, the Authority has under consideration the issuance of its Utility System Revenue Note, Series 2016 in the approximate principal amount of $9,385,000 (the Note); and WHEREAS, it is deemed desirable for the Authority to give preliminary authorization for the issuance of the Note. NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE NORMAN UTILITIES AUTHORITY: SECTION 1. PROFESSIONAL SERVICES AGREEMENTS. The Authority is authorized to enter into professional services agreements with Municipal Finance Services, Inc., and First Southwest Company, as Financial Advisor, The Public Finance Law Group PLLC and the Floyd Law Firm, P.C., as Bond Counsel, and Hawkins Delafield & Wood LLP, as Special Tax Counsel, in connection with the proposed Refinancing. The Chairman or Vice Chairman and Secretary or Assistant Secretary of the Authority are authorized to execute and deliver said professional services agreement on behalf of the Authority and take all such other action in connection therewith. SECTION 2. PRELIMINARY AUTHORIZATION. The Authority authorizes Municipal Finance Services, Inc., as the Authoritys financial advisor, to distribute bid packages to financial institutions in connection with the proposed sale of the Note. [Remainder of Page Intentionally Left Blank] PASSED AND APPROVED the 28th day of April, 2016. NORMAN UTILITIES AUTHORITY (SEAL) By: s/ Cindy Rosenthal Chairman ATTEST: By: s/ Brenda Hall Secretary STATE OF OKLAHOMA COUNTY OF CLEVELAND SS: I, the undersigned, the duly qualified and acting Secretary of the Norman Utilities Authority, hereby certify that the above and foregoing is a true, correct and complete copy of the Resolution duly adopted by the governing body of said public trust and of the proceedings of the governing body of said public trust in the adoption of said Resolution on the date therein set out as shown by the records of my office. I further certify that in conformity with Title 25, Oklahoma Statutes 2011, Section 301-314, inclusive, as amended (the Oklahoma Open Meeting Act), notice of this meeting was given in conformity with the requirements of law. WITNESS my hand and seal of said Authority the 28th day of April, 2016. s/ Brenda Hall Secretary (SEAL)
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