Broken Arrow City Council
Meeting of: 12-01-15
To: Mayor and City Council
From: Finance Department
Title:
title
Consideration and possible adoption of Ordinance Number 3373, an ordinance providing for the issuance of $6,625,000 General Obligation Bonds, Series 2016B by the City of Broken Arrow, Oklahoma, authorized at an election duly called and held for such purpose; prescribing form of bonds; providing for registration thereof; providing levy of an annual tax for the payment of principal and interest on the same; and fixing other details of the issue and declaring an emergency
End
Background:
The proposed sale of $6,625,000 in Series 2016B General Obligation Bonds was considered in a previous Council Agenda Item. This ordinance finalizes the steps required to proceed with a positive vote authorizing the sale. Staff recommends that the Council adopt Ordinance No. 3373 and approve the Emergency Clause.
Cost: $0
Prepared By: Thomas L. Caldwell, Finance Director
Reviewed By: Legal Department
Acting Assistant City Manager
Approved By: Michael L. Spurgeon, City Manager
Attachments: Ordinance Number 3373
Recommendation:
(1) Adopt Ordinance Number 3373
(2) Approve the emergency clause.