Stillwater Utilities Authority

Agenda — 1 item

1. RESOLUTION NO. SUA-2024-8: A RESOLUTION OF THE STILLWATER UTILITIES AUTHORITY (THE “AUTHORITY”) AUTHORIZING THE ISSUANCE OF ITS UTILITY SYSTEM AND SALES TAX REVENUE BONDS (THE “BONDS”) IN ONE OR MORE SERIES IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $51,325,000, AND AUTHORIZING A CERTIFICATE OF DETERMINATION; APPROVING THE SOLICITATION FOR AND USE OF BOND INSURANCE AND/OR A RESERVE SURETY OR INSURANCE POLICY; DESIGNATING UNDERWRITERS WITH RESPECT TO THE SALE OF THE BONDS; AUTHORIZING THE SALE OF THE BONDS AT NEGOTIATED SALE AND WAIVING COMPETITIVE BIDDING; APPROVING THE FORM OF BOND PURCHASE AGREEMENT; APPROVING A GENERAL BOND INDENTURE AND SERIES SUPPLEMENTAL BOND INDENTURE AUTHORIZING THE ISSUANCE AND SECURING THE PAYMENT OF THE BONDS; PROVIDING THAT THE ORGANIZATIONAL DOCUMENT CREATING THE AUTHORITY IS SUBJECT TO THE PROVISIONS OF THE BOND INDENTURE; RATIFYING AND CONFIRMING A LEASE AGREEMENT, AS AMENDED, PERTAINING TO THE LEASING OF THE CITY’S WATER, SANITARY SEWER, SOLID WASTE, AND ELECTRIC SYSTEMS TO THE AUTHORITY, AND AUTHORIZING AN AMENDED LEASE AGREEMENT AND OPERATION AND MAINTENANCE CONTRACT; APPROVING AND AUTHORIZING EXECUTION OF A SALES TAX AGREEMENT BY AND BETWEEN THE CITY AND THE AUTHORITY PERTAINING TO A YEAR-TO-YEAR PLEDGE OF CERTAIN SALES TAX REVENUE; APPROVING THE FORM OF AN OFFICIAL STATEMENT PERTAINING TO THE BONDS, AUTHORIZING THE CHAIRMAN OR VICE CHAIRMAN TO APPROVE ANY CORRECTION TO SAID OFFICIAL STATEMENT, AND AUTHORIZING DISTRIBUTION OF THE SAME; APPROVING THE FORMS OF A CONTINUING DISCLOSURE AGREEMENT AND AN OFFICIAL STATEMENT; RATIFYING AND CONFIRMING A POWER PURCHASE AND SALE AGREEMENT AND A CAPACITY PURCHASE AGREEMENT WITH GRAND RIVER DAM AUTHORITY; AUTHORIZING THE DIRECTING THE MODIFICATION OF COLLATERAL PERTAINING TO CERTAIN OBLIGATION OF THE AUTHORITY TO THE OKLAHOMA WATER RESOURCES BOARD; AUTHORIZING AND DIRECTING THE EXECUTION OF BONDS AND OTHER DOCUMENTS RELATING TO THE TRANSACTION INCLUDING BOND INSURANCE AND/OR SURETY DOCUMENTS, AND PROFESSIONAL SERVICES AGREEMENTS WITH BOND COUNSEL, FINANCIAL ADVISOR, AND DISCLOSURE COUNSEL; AND CONTAINING OTHER PROVISIONS RELATING THERETO.

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