(Minutes are unofficial until approved by Trustees at meeting of 3/2/04) OKLAHOMA CITY WATER UTILITIES TRUST SPECIAL MEETING MEETING MINUTES February 24, 2004 The agenda was posted on the Council Chamber Bulletin Board at 8:24 a.m., February 20, 2004   TRUSTEES PRESENT Guy Liebmann, Chairman Carl Edwards, Trustee James D. Couch, Trustee TRUSTEES ABSENT Cody Graves, Vice Chairman Willa Johnson, Surrogate Trustee EMPLOYEES PRESENT Marsha Slaughter, General Manager Bret Weingart, Water & Wastewater Utilities Craig Keith, Municipal Counselor’s Office Frances Kersey, City Clerk’s Office James E. Thompson, City Manager’s Office Jeanette Sheets, Water & Wastewater Utilities Patsy Atkinson, Water & Wastewater Utilities Bill Little, Water & Wastewater Utilities Linda Bull, Water & Wastewater Utilities OTHERS PRESENT Tim Johnson, Johnson & Associates, Inc. Bill Newman, Public Financial Management Paul Jack, Public Financial Management Rowell Johnston, Sailor – Lake Hefner I.          Call to Order. 2:00 p.m.             Chairman Guy Liebmann presided. II.         Approve Permit/License with The City of Oklahoma City and Bass Pro and Outdoor World located at 200 Bass Pro Drive, allowing the sale of fishing and boating permits. APPROVED.  Moved by Edwards, seconded by Couch.   Ayes:  Chairman Liebmann, Edwards, and Couch. III.       Approve Eighth Amendment to East Wharf Lease Agreement with East Wharf Development LLC and approve PUD 968 for the East Wharf Expansion Development, Lake Hefner Reservation, North of Britton Road and East of Lake Hefner Parkway.             General Manager Marsha Slaughter stated the Trust Engineer identified a mistake on the land description and asked that the item be postponed to the next OCWUT meeting on March 2, 2004 in order to make the minor correction.              Dr. Rowell Johnston, Sailor at Lake Hefner, addressed the OCWUT.  Dr. Johnston expressed his concerns about the effects additional building at Lake Hefner will have on water activities such as sailing and wind surfing.  DEFERRED TO MARCH 2, 2004 OCWUT MEETING.  Moved by Couch, seconded by Edwards.  Ayes:  Chairman Liebmann, Edwards and Couch. IV.       Receive Presentation and Adopt Resolution Approach A (Competitive Bidding Encouraging Local Participation) or B (Negotiated Sale Mandating Local Participation), directing financial advisor and bond counsel to proceed with finalizing bond issuance documents.             Bill Newman and Paul Jack, Public Financial Management, OCWUT’s Financial Advisor, gave a presentation overview of bond sale methods (competitive sales and negotiated sales), competitive and negotiated sale statistics, advantages and disadvantages of each method of sale, factors for choosing method of sale, evaluation matrix, and next steps of the process. ADOPTED RESOLUTION APPROACH  B.  Moved by Edwards, seconded by Couch. Ayes:  Chairman Liebmann, Edwards and Couch. V.        New Business.             None VI.       Comments from Trustees, Staff and Citizens.             None VII.      Adjournment. CHAIR ADJOURNED, 2:34 p.m. ATTEST: Frances Kersey, Secretary                                    Guy Liebmann, Chairman