Broken Arrow City Council
Meeting of: 11-16-26
Title:
title
Approval of and authorization to execute Resolution No. 1786, a resolution declaring the intent of the City of Broken Arrow (the “City”) to expend certain funds in connection with the acquisition of certain firefighting apparatuses with said expenditures to be reimbursed from the proceeds of general obligation debt to be incurred by the City; and containing other provisions relating thereto and authorizing execution of Resolution No. 1786
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Background:
Resolution No. 1786 is declaring the intent of the City to expend certain funds in connection with the acquisition of certain firefighting apparatuses with said expenditures to be reimbursed from the proceeds of General obligation debt. The project financed by the City will be the purchase of two (2) Pierce Enforcer Ladder trucks and one (1) Pierce Enforcer Pumper truck. In the 2026 General Obligation bond series sales in 2027, 2028, and 2029 there will be $4,500,000 for this purchase. Through Fiscal Year 2027 Budget Amendment #27, the City Council will authorize the use of Public Safety Sales Tax - Fire funds for the purchase of firefighting apparatuses. When the General Obligation bonds are sold, Public Safety Sales Tax - Fire Fund will be reimbursed for the purchase of the firefighting apparatuses.
Cost: $4,500,000.00
Funding Source: 2026 General Obligation Bonds
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Resolution No. 1786
Recommendation:
recommend
Approve Resolution No. 1786 and authorize its execution.
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