File #: BID-2020A    Version: 1 Name: Receive Bids for $11,250,000 GO Bonds
Type: Bid Status: Passed
File created: 6/19/2020 In control: City Council
On agenda: 6/23/2020 Final action: 6/23/2020
Title: CONSIDERATION AND AWARDING OF THE BID FOR THE CITY OF NORMAN, OKLAHOMA, FOR THE PURCHASE OF $11,250,000 GENERAL OBLIGATION BONDS, SERIES 2020A OF THE CITY AND VOTE TO AWARD SAID BONDS TO THE LOWEST BIDDER COMPLYING WITH THE NOTICE OF SALE AND INSTRUCTIONS TO BIDDERS OR TO REJECT ALL BIDS.
Attachments: 1. City Council Staff Report, 2. Cover Memo - Bid Results, 3. 13 Minutes of Sale of Bonds 2020A, 4. 14 Ordinance Authorizing Bonds 2020A
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CONSIDERATION AND AWARDING OF THE BID FOR THE CITY OF NORMAN, OKLAHOMA, FOR THE PURCHASE OF $11,250,000 GENERAL OBLIGATION BONDS, SERIES 2020A OF THE CITY AND VOTE TO AWARD SAID BONDS TO THE LOWEST BIDDER COMPLYING WITH THE NOTICE OF SALE AND INSTRUCTIONS TO BIDDERS OR TO REJECT ALL BIDS.

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BACKGROUND: On May 13, 2008, the voters of Norman approved Ordinance O-0708-33, authorizing the issuance of $11,250,000 in General Obligation bonds (GO Bonds) for "renovating, reconstructing, and equipping certain existing municipal buildings within the Municipal Complex to be used for a Senior Citizen's Center, Municipal Court, Planning and Community Development Offices, City Engineering Department Offices, and expansion of the Police Department". These authorized bonds were not issued, pending the relocation of the Norman Public Library, Central Branch from the Municipal Complex location. With the passage of the Norman Forward Sales Tax in 2015, funding was made available for the construction of a new Central Branch Library, which was completed in 2019. The relocation of the Central Library has now enabled the renovation of the Municipal Complex to move forward.

The Council reviewed updated plans for the renovation of the Municipal Complex on September 3, 2019, and on March 24, 2020, the Council approved an Amendment to Contract K-1819-99 with The McKinney Partnership for final design of the Municipal Complex. Also on March 24, 2020, the Council and the Norman Municipal Authority approved Contract K-1920-133 with Crossland Construction Company, for Construction Manager at Risk services for the Municipal Complex.

On March 23, 2020, the District Court of Cleveland County approved a Joint Motion for Summary Judgment in the case of Sherman vs. The City of Norman (Case Number CV-2020-140 JV), which authorizes the modified scope of the Municipal Complex renovation projects currently directed by the City Council.

On April 14, 2020, the Council approved Resolution ...

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