Broken Arrow City Council
Meeting of: 06-06-2018
Title:
title
Consideration, discussion, and possible adoption of Ordinance No. 3528, an Ordinance, not to be codified, authorizing the calling and holding of an election in the City of Broken Arrow, State of Oklahoma, for the purpose of submitting to the registered qualified electors of said City the question of the issuance of the bonds of said City in one or more series in amounts not to exceed the following sums: One Hundred Forty Two Million Six Hundred Twenty Five Thousand Dollars ($142,625,000) for the purpose of constructing, reconstructing, improving and repairing streets within said City; Twenty Million Three Hundred Fifty Thousand Dollars ($20,350,000) for the purpose of purchasing, constructing and repairing public safety utilities; Seventeen Million Seven Hundred Fifty Thousand Dollars ($17,750,000) for the purpose of purchasing, constructing and repairing parks and recreation utilities; Sixteen Million Eight Hundred Thousand Dollars ($16,800,000) for the purpose of purchasing land and constructing public buildings and facilities; and Seven Million Five Hundred Thousand Dollars ($7,500,000) for the purpose of constructing, reconstructing, improving and repairing stormwater facilities; all to be owned exclusively by said City; Five Million Five Hundred Thousand Dollars ($5,500,000) for the purpose of making drainage improvements to property owned exclusively or in part by said City; levying and collecting an annual tax, in addition to all other taxes, upon all the taxable property in said City for the payment of the interest on and principal of said bonds and containing other provisions relating to the issuance of municipal bonds and declaring an emergency
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Background:
Over the past year, the City Manager, Assistant City Managers, and staff, in collaboration with the Department Directors, began working on a proposed list of projects for a General Obligation Bond Election. Recommended projects wer...
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