Broken Arrow City Council
Meeting of: 09/17/2024
Title:
title
Consideration, discussion and possible approval of and authorization to execute Resolution No. 1605, a resolution of the City of Broken Arrow, Oklahoma (the “City”) approving the incurrence of indebtedness by the Broken Arrow Municipal Authority (the “Authority”) issuing its Promissory Note, Series 2024 (the “note”); providing that the organizational document creating the authority is subject to the provisions of the Indenture authorizing the issuance of said Note; waiving competitive bidding with respect to the sale of said Note and approving the proceedings of the authority pertaining to the sale of said Note; approving and authorizing execution of an Agreement of Support; and containing other provisions relating thereto
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Background:
Cost: $72,280
Funding Source: Loan Proceeds
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Government Capital Funding Summary
F&M Bank Funding Summary
Resolution No. 1605
Public Finance Law engagement letter
Recommendation:
recommend
Approve and authorize execution of Resolution No. 1605
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