Lawton Water Authority

Lawton City Hall

Agenda — 7 items

1. 1 "Official action can be taken only on items which appear on the agenda. The Authority may adopt, approve, ratify, deny, defer, recommend, or continue any agenda item. The Authority may also propose and enact floor amendments to any matter presented before them. When more information is needed to act on an item, the Authority may refer the matter to the City Manager or the City Attorney. The Authority may also refer items to standing committees of the Council or a board, commission, or authority for additional study. Under certain circumstances, items are deferred to a specific later date or stricken from the agenda entirely."
2. 2 ROLL CALL
3. 3 BUSINESS ITEMS:
4. 1. Consider and take appropriate action with respect to the Lawton Water Authority Resolution No. 2024-____, approving the resolution for two (2) grant applications and authorize the Chairman and Secretary to sign the applications for the Bureau of Reclamation’s Water SMART Program Grants in the amounts of $3,000,000 and $10,000,000 for drought assistance. 24-1916
5. 2. Consideration and action upon a resolution authorizing and approving the incurring of indebtedness by the Lawton Water Authority (herein the “Authority”) to be accomplished by the issuance of its Line of Credit Note, Series 2024C or other evidences of indebtedness in one or more series on a tax-exempt or taxable basis, at a premium or discount, in the aggregate principal par amount of not to exceed Ten Million Dollars ($10,000,000) (the “Note”) for the purpose of securing funding for the closure and post-closure cost estimates regarding the statutory required financial assurance mechanism for the City of Lawton’s landfill facilities as required by the Oklahoma Department of Environmental Quality, said facilities being part of the “Utility Systems” of the Authority within the City of Lawton, Oklahoma (the “City”); and pay costs of issuance related thereto; approving the award of the sale of said Note on a negotiated basis, waiving competitive bidding in regard to the sale of said Note; approving and authorizing a Sales Tax Agreement (the “Sales Tax Agreement”) by and between the City and the Authority pertaining to a year-to-year pledge of certain sales tax revenues; approving and authorizing execution of a Line of Credit Agreement (the “Line of Credit Agreement”); a loan agreement; a security agreement, a note purchase agreement, and any other documents related to this transaction; approving disbursements of the proceeds of the Note; authorizing and directing the execution of the Note and other documents relating to the transaction; authorizing the issuance and securing the payment of the Note; approving and authorizing officers of the Authority to take action and execute all related instruments and documents to effect said issuance and containing other provisions relating thereto; and the taking of other action with respect thereto. 24-1941
6. 6 ADJOURNMENT
7. 7 The City of Lawton encourages participation from all of its citizens. If participation at any public meeting is not possible due to a disability, notification to the City Clerk at (580) 581-3305 at least 48 hours prior to the scheduled meeting is encouraged to make the necessary accommodations. The City may waive the 48 hour rule if interpreters for the deaf (signing) is not the necessary accommodation."