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Regular Board of Commissioners
Meeting Date: 06/06/2016  
Refinance OWRB Loan Resolution
Submitted By: Lisa Lasyone, City Clerk
Department: City Clerk  

Title of Item for Agenda
Consider and take action with respect to a resolution of the City of Shawnee, Oklahoma (the “City”) approving the incurrence of indebtedness by the Shawnee Municipal Authority (the “Authority”) issuing its Utility System Revenue Note, Series 2016 (the “Note”); Providing that the organizational document creating the Authority is subject to the provisions of the indenture authorizing the issuance of said Note; waiving competitive bidding with respect to the sale of said Note and approving the proceedings of the Authority pertaining to the sale of said Note; ratifying and confirming the lease agreement, as amended, pertaining to the City’s water and sanitary sewer systems; establishing the City’s reasonable expectation with respect to the issuance of tax-exempt obligations by or on behalf of said City in calendar year 2016, and designating the Note as a qualified tax-exempt obligation; and containing other provisions relating thereto.

OWRB Loan Refinance Reso

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