Municipal Authority

MINUTES Sand Springs Municipal Authority Regular Meeting September 24, 2012 Room #211 Following City Council Sand Springs Municipal Building 100 East Broadway Sand Springs, Oklahoma 74063 MEMBERS PRESENT: Chairman Mike Burdge (5-0) Vice Chairman Michael L. Phillips (5-0) Trustee Dean Nichols (5-0) Trustee Jesse Honn (5-0) Trustee Harold G. Neal (4-1) Trustee Brian Jackson (5-0) Trustee James Rankin (5-0) ALSO PRESENT: City Manager Rocky D. Rogers Authority Attorney David Weatherford Recording Secretary Erika Tarrant ABSENT: None The Sand Springs Municipal Authority met in regular session on September 24, 2012 in Room #211 of the Sand Springs Municipal Building pursuant to the agenda filed with the City Clerk’s office and posted at 2:30 p.m., on September 20, 2012 on the bulletin board located in the first floor lobby of the Sand Springs Municipal Building, 100 East Broadway, Sand Springs, Oklahoma 74063. 1. Call to Order Chairman Burdge called the meeting to order at the noted time of 7:45 p.m. 2. Roll Call Chairman Burdge called for an individual roll call with members replying in the following manner: Trustee Rankin, here; Trustee Neal, here; Chairman Burdge, here; Vice Chairman Phillips, here; Trustee Jackson, here; Trustee Honn, here; Trustee Nichols, here.  MUNICIPAL AUTHORITY MINUTES SEPTEMBER 24, 2012 PAGE 2 3. Consent Agenda Chairman Burdge informed Trustees that all matters listed under Consent Agenda to be considered by Trustees are to be routine and will be enacted by one motion. Chairman Burdge noted that questions or clarification on any Consent Agenda item could be addressed prior to taking action. Chairman Burdge requested if Trustees had questions or needed clarification on any Consent Agenda item. There being none, Chairman Burdge noted any Trustee may remove an item from the Consent Agenda by request. Chairman Burdge requested if Trustees had items to be removed from the Consent Agenda. There being none, Chairman Burdge called for a motion regarding Consent Agenda Items 3A through 3C. A motion was made by Vice Chairman Phillips and seconded by Trustee Neal to approve the Consent Agenda Items 3A through 3C, as follows: A) The minutes of the August 27, 2012 regular Municipal Authority meeting. B) The monthly Transfers of Funds. C) City-wide budget amendments to the FY13 budget. Chairman Burdge called for the vote recorded as follows: Trustee Nichols, aye; Trustee Honn, aye; Trustee Jackson, aye; Vice Chairman Phillips, aye; Chairman Burdge, aye; Trustee Neal, aye; Trustee Rankin, aye. The motion carried 7-0-0. 4. Resolution No. M13-01 – Revenue Bonds City Manager Rocky Rogers requested Council adopt Resolution No. M13-01, a resolution authorizing the issuance of Not To Exceed $31,000,000.00 Sand Springs Municipal Authority Utility System Revenue Bonds, Series 2012; waiving competitive bidding on said bonds and authorizing the sale of bonds at a discount; authorizing a purchase contract, a fourth supplemental bond indenture, sales tax agreement, and authorizing such other documents and agreements as may be necessary or required; and containing other provisions relating thereto. There being no questions or comments, Chairman Burdge requested a motion. Vice Chairman Phillips made a motion that Resolution No. M13-01 be adopted as presented. Trustee Nichols seconded the motion.  MUNICIPAL AUTHORITY MINUTES SEPTEMBER 24, 2012 PAGE 3 Chairman Burdge called for the vote recorded as follows: Trustee Rankin, aye; Trustee Neal, aye; Chairman Burdge, aye; Vice Chairman Phillips, aye; Trustee Jackson, aye; Trustee Honn, aye; Trustee Nichols, aye. The motion carried 7-0-0. 5. Financial Reports The regular monthly Financial Reports will be mailed to Trustees for their review and information at a later date. 6. Correspondence The following correspondence was provided to Trustees for their review and information: A. Regular monthly bills. 7. City Manager’s and Trustees’ Report Rocky D. Rogers, City Manager, stated there was nothing further to report at this time. 8. Adjournment The meeting adjourned at the noted time of 8:08 p.m. ____________________________ Erika Tarrant, Secretary