Broken Arrow Municipal Authority
Meeting of: 06-18-2018
Title:
title
Consideration, discussion, and possible approval of and authorization to execute Resolution No. 1111, a Resolution agreeing to file application with the Oklahoma Water Resources Board ("OWRB") for financial assistance through the state loan program with the loan proceeds being used for the purpose of paying for the costs related to design, construction, and inspection of water and sewer improvements; approving the payment of an application fee; designating legal and financial professionals to assist in the application process and approving contracts for such services; authorizing the Chairman and Secretary to execute certain application documents; and containing other provisions related thereto
End
Background:
In support of the Capital Improvement Plan (CIP), the Authority hereby approves the submission of a loan application to the Oklahoma Water Resources Board for the purpose of acquiring funds to pay for all costs related to construction and inspection for the plate settlers at the Verdigris Water Treatment Plant, for the property acquisition for Phase III of the secondary connection to the City of Tulsa water system, for the design for the restoration of the 4 million gallon ground storage tank at Tiger Hill, for the construction and inspection for the rehab of the west clarifier at the Lynn Lane Waste Water Treatment Plant, for the design of the Disinfection System at the Lynn Lane Waste Water Treatment Plant, for the construction and inspection of the Lynn Lane Trunk Sewer Replacement, for the inspection and partial construction of the County Line Trunk Sewer Replacement, and for the property acquisition for the Elm Creek Trunk Sewer Replacement, Phase I. The submitted loan application would be for an amount not to exceed $25,180,000.
Cost: $0
Funding Source: N/A
Requested By: Alex Mills, Director
Approved By: Michael L. Spurgeon, City Manager
Attachments: BAMA Resolution 1111
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