Meeting Summary
The City Council approved a $90 million bond sale with an excellent interest rate, reflecting the city's strong financial standing. They also approved a loan for a senior housing development and discussed a new Sports Consortium aimed at attracting major sporting events. Several procedural items and claims were also addressed.
Key Decisions & Votes
Senior Housing Development Loan
01:03:00The Council approved a $225,000 loan to Central Urban Development for a senior housing project in Northeast Oklahoma City, structured as a cash flow loan with a 1% annual interest rate.
Thunder Practice Facility Change Order
01:09:00A change order for outside improvements at the Thunder practice facility, including parking lot work and a pool cover, was approved.
Assistance for Non-Profits on Transportation Needs
01:31:00The Council approved a measure to assist non-profit organizations with their transportation needs.
Bond Sale
01:46:00The Council approved the sale of $90 million in 20-year bonds to Robert W. Baird and Company, securing an excellent true interest cost of 2.662998%.
Financial Matters
Central Urban Development Loan
A loan for a senior housing development in Northeast Oklahoma City.
Thunder Practice Facility Change Order
An increase to the change order for outside improvements at the Thunder practice facility, including parking lot work and a pool cover.
Bond Sale
Sale of 20-year bonds with an excellent true interest cost of 2.662998%, won by Robert W. Baird and Company.
Coming Up
Deadlines
- Carnegie Library project closing date potentially delayed by 2-3 weeks due to a recent IRS memo affecting federal historic tax credits.
Watch For
- Common Sense immigration reform and gun control legislation at the federal level.
- Challenges facing first-tier cities as inner-city problems expand.
- Impacts of sequestration, including potential tower closures at Will Rogers World Airport and Wiley Post Airport.
- Continued efforts to address the fair market internet sales issue with the Congressional Delegation.
Announcements
- A resolution was presented to the family of Leroy Hansen, a former fire chief and long-serving city employee, recognizing his 40 years of service.
- Boy Scout Andrew Redford was recognized for attending the meeting to earn his citizenship badge.
- Councilman Kelly and McAtee reported on their attendance at the National League of Cities conference, discussing topics like immigration reform, gun control, challenges for first-tier cities, and the impact of sequestration on airports.
- The George Kaiser Family Foundation presented a $40,000 challenge grant to the Homeless Alliance, which has already housed 50 severely challenged homeless individuals in 60 days.
- Commissioner Monn and city staff were thanked for their work on the 'shine program' to clean up a concrete disaster in Ward 6.
- The Homeless Alliance project has received national attention from the National League of Cities.
- The city manager and staff were thanked for the great job on the replacement of sidewalks in the vicinity of the Civic Center Music Hall.
- Impressive attendance figures were noted at the zoo, with 10,000 visitors on Friday and 14,000 on Saturday.
Agenda Summary
Invocation and Pledge of Allegiance
Invocation led by Dr. Kathy McCauley, followed by the Pledge of Allegiance led by Councilman Ryan.
Resolution Honoring Leroy Hansen
A resolution was read and presented to the family of Leroy Hansen, a long-serving city employee and former fire chief, recognizing his 40 years of service and military career.
Item 3: Appointments
A series of appointments (A, B, C, D) were considered.
Item 4A: Receive Journal of Council Proceedings for March 12th
The Journal of Council Proceedings for March 12th was received.
Item 4B: Approve Journal of Council Proceedings for March 5th
The Journal of Council Proceedings for March 5th was approved.
Item 5: Request for Uncontested Continuances
Several items were requested to be stricken from the docket, including 6H (Castleback Crossing 2), 8D1A (2419 South Agnew), 8D5 (805 Hoyt Avenue West), 8G (1838 Southwest 13th), and 8K (809 Northeast 28th Street).
Oklahoma City Municipal Facilities Authority (OCMFA)
Three items on the OCMFA agenda were considered.
Oklahoma City Public Property Authority (OCPPA)
Three items on the OCPPA agenda were considered, including a presentation from Bob Funk Jr. on the Memorandum of Understanding with the Greater Oklahoma City Sports Consortium Association.
Oklahoma City Environmental Assistance Trust (OCEAT)
Two items on the OCEAT agenda were considered.
Consent Docket
The consent docket, including items 6H, 8D1A, 8D5, 8G, 8K (stricken), Item I (Central Urban Development loan), and Item M (Thunder practice facility change order), was considered.
Concurrence Docket
Two items on the concurrence docket were considered.
Item 8A: Assist Non-Profits on Transportation Needs
A final hearing was held to assist non-profits with their transportation needs.
Item 8B (1 & 2): Selling Bonds
Consideration of bids for the sale of bonds.
Item 8C: Public Hearing Regarding Dilapidated Structures
A public hearing was held regarding dilapidated structures.
Item 8D: Public Hearing Regarding Unsecured Structures
A public hearing was held regarding unsecured structures.
Item 8E: Motion to Approve Item 8E
A motion was made to approve Item 8E.
Item 8F
An item previously discussed in executive session was considered.
Item 8G
An item requiring executive session was moved to later in the agenda.
Item 8H: Claims Recommended for Denial
Claims recommended for denial were considered.
Item 9A: Claims Recommended for Approval
Claims recommended for approval were considered.