City Council

Yukon City Council - Municipal Authority Agenda February 11, 2020 – 6:00 p.m. Community Room – Yukon Police Department 100 S. Ranchwood, Yukon, Oklahoma ***Yukon Municipal Authority Special Meeting*** ***Yukon City Council Special Study Session*** The City of Yukon strives to accommodate the needs of all citizens, including those who may be disabled. If you would like to attend this Council meeting but find it difficult to do so because of a disability or architectural barrier, please contact City Hall at 354-1895. We will make a sincere attempt to resolve the problem. If you require a sign-language interpreter at the meeting, please call or notify City Hall, 500 West Main, by noon, February 10, 2020. Yukon Municipal Authority Special Meeting Call to Order: Michael McEachern, Chairman Roll Call: Michael McEachern, Chairman Donna Yanda, Vice Chairman Rick Cacini, Trustee Shelli Selby, Trustee Jeff Wootton, Trustee 1. Consider approving the payment of material claims in the amount of $399,635.72, for the purchase and closing costs related to the property at 24 N. 4th Street, per the Real Estate Purchase Contract approved by the Authority on December 17, 2019 ACTION___________________________________________________________________________ 2. Adjournment Yukon City Council Special Study Session Following the Yukon Municipal Authority Special Meeting, the Yukon City Council will convene for a Special Study Session. The Special Study Session will begin following the Special Meeting on February 11, 2020 inside the Community Room at the Yukon Police Department, 100 S. Ranchwood. 1. Discussion of current and future capital improvement projects.  EXHIBIT" A" FORM OF PAYMENT REQUISITION YUKON MUNICIPAL AUTHORITY SALES TAX REVENUE NOTE, SERIES 2019 SERIES 2019 CONSTRUCTION FUND FROM: Trustees of The Yukon Municipal Authority TO: BOKF, NA, as Trustee Bank DATE: 02- 11- 19 Pursuant to the provisions the Series 2019 Supplemental Note Indenture dated as of May 1, 2019, as it supplements and amends the Note Indenture dated as of March 1, 2015, as previously supplemented and amended, all by and between the Yukon Municipal Authority and BOKF, NA, as Trustee, you are directed to pay Creditor from the Construction Fund of said Authority as indicated below, the amounts shown for the purposes set forth in this Requisition. First American Title - 4316 Grant Blvd, Yukon, OK 73099 82- 3322- 037 CREDITOR TRUST NO. Lingo Property ITEM ITEM NO. 02- 11- 19 Contingency 399, 635. 72 DATE PURPOSE AMOUNT AUTHORIZATION AND CERTIFICATE OF AUTHORIZED REPRESENTATIVE With reference to the above requisition, the undersigned certifies: 1. The above requisition is approved. 2. Each obligation therein has been properly incurred and is now due and unpaid and that insofar as such obligation was incurred for work, materials, equipment or supplies, such work was actually performed, and such materials, equipment or supplies were actually installed or delivered to or for the Project as evidenced by the certificate of the supervising architect or engineer or other appropriate certification. 3. That obligations in the stated amounts have been incurred by the Authority and that each item is a proper charge against the Yukon Municipal Authority' s Construction Fund and has not been paid. 4. That there has not been filed with or served upon the Yukon Municipal Authority notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to any of the persons, firms, or corporations named in such requisition, which has not been released or will not be released simultaneously with the payment of such obligation. S. That such requisition contains no item representing payment on account of any retained percentages which the Yukon Municipal Authority is at the date of such certificate entitled to retain. YUKON MUNICIPAL AUTHORITY By: Name: Michael McEachern or Donna Yanda Title: Chairman or Vice Chairman Attest : APPROVAL BY BOKF, NA, as Trustee Secretary By: _ Name: Title: Date Approved: 02- 11- 19 Date Paid: Submit in triplicate: 1 to Trustee I to Authority I to City  FirstAmetrcan Tide Insurance Company FieafAmerkan 4316 Grant Blvd- Yukon, OK 73099.6754 Office Phone:(405)577-3500 Once fax:($66)243- 1 75& Settlement Statement Property: 24 North 4th Street, Oklahoma City, OK 73099 File No: 2464112-WA42 Lot: 1, 2 Officer: Melissa BeIVNRH Estimated Settlement Date: 02/ 14/ 2020 Disbursement Date: Print Date: 02105/2020, 11: 50 AM Buyer: City of Yukon Address: Seller: 4812 Lingo Holding, LLC Address: Po Box 850369, Yukon, OK 73085 Lender. Lender To tae Determined Address: Loan No.: Buyer Charge Buyer Credit Charge Description Seller Char a Seller Credit Consideration: 420 000.00 Total Consideration 420, 000.00 Deposits in Escrow: 20 000.00 Receipt No. 222626808 on 01/ 1412020 b City of Yukon Prorations: 36. 04 County Tax-Tract 1 01/ 01/ 20 to 02/ 14/ 20 $ 299. 00 r 36.04 328. 25 County Tax- Tract 2 01/ 01/ 20 to 02/ 14/ 20 Q$2, 723. Oar 328.25 23. 99 County Tax-Tract 3 01/ 01/ 20 to 02/ 14/ 20 $ 199.00 r 23.99 Title/ Escrow Char es to: Title Insurance- Final Report to first American Title 125. 00 Insurance Company Abstract to First American Title Insurance Company 550.00 Title Examination to First American Title Insurance 175. 00 Company Closina Fee to First American Title Insurance Company 500.00 OK ALTA 2006 Owner Policy to First American Title 1, 245.00 Insurance Company 24. 00 Record Deed to First American Title Insurance Com Record Deed Correction Deed to First American Title 24.00 Insurance Company Documentary Stamp Tax to First American Title 630.00 insurance Company 399 635. 72 Cash X From To Buyer Cash X To From Seller 416,362. 72 420,024. 00 420 024. 00 Totals 420 000.00 420 000.00 Our wire instructions do not change. Our banking institution is First American Trust. If you receive an email or other communication that appears to be from us or another party involved in your transaction instructing you to wire funds to a bank other than First American Trust, you should consider it suspect and you must call our office at an independently verged phone number. Do not inquire with the sender. Page 1 of 2 Initials.  Continl From Page 1 Setdement Statement Settlement Date: File No: 2464112- WA42 Print Date: 02/ 0512020 Officer: Melissa Bell/ NRH BUYER( S): SELLER($): City of Yukon 4812 Lingo Holding, LLC, an Oklahoma limited liability company By: Name: Michael McEachem By: Stanley Lee Lingo Revocable Trust Title. Mayor dated March 17, 2011, Managing Member By: Name: Stanley Lee Lingo Title: Trustee By: Renee Patterson Lingo Revocable Trust dated March 17, 2011, Managing Member By: Name: Renee Patterson Lingo Title: Trustee First American Title Insurance Company By Melissa Bell Page 2 of 2 Initials: r' f