Broken Arrow City Council
Meeting of: 11-07-16
To: Mayor and City Council
From: Finance Department
Title:
title
Consideration, discussion, and possible adoption of Ordinance Number 3455, an ordinance providing for the issuance of $18,720,000 General Obligation Bonds, Series 2016D 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 was considered previously by the City Council. This ordinance finalizes the steps required to proceed with a positive vote authorizing the sale.
Cost: None
Prepared By: Thomas L. Caldwell, Finance Director
Reviewed By: Legal Department
Russell M. Gale- Assistant City Manager of Administration
Approved By: Michael L. Spurgeon, City Manager
Attachments: Ordinance 3455
Recommendation:
Adopt Ordinance No. 3455 and approve the emergency clause.