Oklahoma City Water Utilities Trust

MEETING MINUTES OKLAHOMA CITY WATER UTILITIES TRUST June 7, 2022 TRUSTEES: James D. Couch, Chairman, Independent Trustee Sharon Voorhees, Independent Trustee Todd Stone, Council Trustee David Holt, Mayor Trustee Mark K. Stonecipher, Vice Chairman, Surrogate Trustee Craig Freeman, City Manager Trustee Laura A. Johnson, Surrogate Trustee Chris Browning, General Manager Amy K. Simpson, Secretary (The Agenda was filed with the City Clerk’s Office at 11:25 a.m. on June 3, 2022.) I. Call to Order at 2:00 p.m. PRESENT: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN II. Approval of Minutes Approve the minutes of the May 24, 2022, meeting. APPROVED. MOVED BY STONE, SECONDED BY STONECIPHER AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN III. Consent Docket A. Receive the Consultant Review Committee Report and authorize negotiation of a contract for engineering services with Crafton Tull and Associates, Inc., Project SC-1078, sanitary sewer rehabilitation, Lightning Creek from SE 15th Street to SE 17th Street. RECEIVED AND AUTHORIZED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN B. Plans and Specifications to be advertised for bids, Project WC-0991, MacArthur elevated storage tank rehabilitation, MacArthur Boulevard and NW 28th Street. APPROVED AND AUTHORIZED. BID RECEIPT DATE: JULY 6, 2022. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN Oklahoma City Water Utilities Trust Page 1 of 3 June 07, 2022  C. Plans and Specifications to be advertised for bids, Project WM-0382, Hefner Dam erosion improvements, Lake Hefner Dam. APPROVED AND AUTHORIZED. BID RECEIPT DATE: JUNE 29, 2022. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN D. Pricing Agreement award and approval, Ethanol Products, LLC dba POET Pure (C239003), carbon dioxide for water treatment plants, July 5, 2022, through July 4, 2025, estimated annual cost $300,000. AWARDED AND APPROVED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN E. Renewal of the Pricing Agreement with Shannon Chemical Corporation (R23- C209003), zinc orthophosphate, July 16, 2022, through July 15, 2023, estimated annual cost $700,000. RENEWED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN F. Amendment No. 2 to the Contract for Engineering Services with Garver, LLC, Project WC-0871, Atoka Pipeline raw water transmission line, Atoka Pump Station O to Coalgate, fee increase of $102,680. APPROVED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN G. Amendment No. 2 and Change Order No. 2 revising the construction contract with Brewer Construction Oklahoma, LLC, Project WE-0095, emergency water service line replacements, SW 28th Street from Shartel Avenue to Hudson Avenue, increase of $18,446.75; and accepting the project and placing the maintenance bond into effect. APPROVED, ACCEPTED, AND PLACED INTO EFFECT. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN H. Amendment No. 1 and Change Order No. 1 revising the construction contract with Brewer Construction Oklahoma, LLC, Project WE-0096, emergency water service line replacements, SW 28th Street from Shartel Avenue to Hudson Avenue, decrease of $25,235; and accepting the project and placing the maintenance bond into effect. APPROVED, ACCEPTED, AND PLACED INTO EFFECT. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN I. Cooperative Service Agreement with the Oklahoma Department of Agriculture, Food, and Forestry, (AC-23-0001-OK), for the trapping and removal of feral hogs and beavers in and around the Lake Stanley Draper Reservation and the trapping and removal of beavers in and around the Lake Hefner Reservation, July 1, 2022, through June 30, 2023, cost of $20,000. APPROVED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN Oklahoma City Water Utilities Trust Page 2 of 3 June 07, 2022  J. Ratification of payments from May 4, 2022, through June 1, 2022. RATIFIED. MOVED BY FREEMAN, SECONDED BY VOORHEES AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN IV. Concurrence Docket V. Emergency Construction Contracts by Resolution (Four affirmative votes required for approval.) VI. Items for Individual Consideration A. 1. Presentation by Public Financial Advisors LLC (PFM) on Revenue Bond Refunding; and 2. Resolution authorizing the General Manager, or designee, to proceed with the refunding of certain outstanding revenue bonds of the Oklahoma City Water Utilities Trust, including preparation of a preliminary official statement and solicitation of ratings; authorizing the General Manager, or designee, to distribute a solicitation of underwriters from the pool of prequalified underwriters for the issuance of Utility System Revenue Refunding bonds; authorizing the General Manager, or designee, to approve, ratify, and affirm professional services agreements related to bond and financing professionals; and containing other provisions related thereto. Dennis Waley, CPA, Managing Director, PFM Financial Advisors LLC presented the item. ADOPTED A.2. MOVED BY VOORHEES, SECONDED BY FREEMAN AYES: COUCH, VOORHEES, STONE, STONECIPHER, FREEMAN VII. Items from Trustees VIII. General Manager Reports IX. Citizens to be Heard X. Adjournment at 2:12 p.m. Amy K. Simpson, Secretary James D. Couch, Chairman Oklahoma City Water Utilities Trust Page 3 of 3 June 07, 2022