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File #: R-1314-122    Version: 1 Name: SRF Loan from OK Water Resources Board City
Type: Resolution Status: Passed
File created: 4/14/2014 In control: City Council
On agenda: 4/22/2014 Final action: 4/22/2014
Title: RESOLUTION NO. R-1314-122: A RESOLUTION APPROVING ACTION TAKEN BY THE NORMAN UTILITIES AUTHORITY AUTHORIZING ISSUANCE, SALE AND DELIVERY OF A PROMISSORY NOTE OF THE AUTHORITY TO THE OKLAHOMA WATER RESOURCES BOARD; RATIFYING AND CONFIRMING AN AMENDED LEASE AGREEMENT WHEREBY THE CITY OF NORMAN LEASED ITS WATER AND SANITARY SEWER SYSTEMS TO THE NORMAN UTILITIES AUTHORITY; AND CONTAINING OTHER PROVISIONS RELATED THERETO.
Attachments: 1. Text File R-1314-122.pdf, 2. 06 City Resolution CW (04-22-14).pdf
Title
RESOLUTION NO. R-1314-122: A RESOLUTION APPROVING ACTION TAKEN BY THE NORMAN UTILITIES AUTHORITY AUTHORIZING ISSUANCE, SALE AND DELIVERY OF A PROMISSORY NOTE OF THE AUTHORITY TO THE OKLAHOMA WATER RESOURCES BOARD; RATIFYING AND CONFIRMING AN AMENDED LEASE AGREEMENT WHEREBY THE CITY OF NORMAN LEASED ITS WATER AND SANITARY SEWER SYSTEMS TO THE NORMAN UTILITIES AUTHORITY; AND CONTAINING OTHER PROVISIONS RELATED THERETO.

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BACKGROUND: The Norman Utilities Authority (NUA) and the City of Norman adopted a Wastewater Master Plan (WWMP) in 2001. The WWMP identified needed capital projects and courses of action to develop Norman's Water Reclamation ("Wastewater", "Sewer") Utility systems to serve customers of the Utility in 2000 ("current obligations customers") and "future" customers (those sewer obligations added to the system after 2000). The WWMP called for expansion of the Wastewater Utility's sewage treatment capacity from 12 million gallons per day (MG/D) to 21.5 MG/D in two phases: the construction of a treatment facility in the Little River sewage basin in north Norman and expansion of the existing Water Reclamation Facility (WRF) in the South Canadian sewage basin of southern Norman from 12 MG/D to 17 MG/D.

The NUA adopted a series of actions and policies to implement the WWMP and directed millions of dollars of capital projects to be completed. These projects were financed through three major sources of funding, approved by the voters of Norman on August 14, 2001: a temporary, 5-year, 1/2 percent sales tax to pay for sewage treatment, collection and conveyance facility improvements to serve "current customer obligations"; a Wastewater Excise Tax on New Development, to pay for improvements to serve "future customer obligations"; and a Sewer Maintenance Rate, to pay for improvements to neighborhood sewer lines.

Of most relevance, the NUA adopted Resolution Nos. R-0506-151 and R-0708-78 which directed a "Northside Sewer Solution" whereby ...

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