Broken Arrow City Council
Meeting of: 11/05/2019
Title:
title
Consideration, discussion, and possible adoption of Ordinance 3604, an ordinance of the City of Broken Arrow providing for the issuance of $23,250,000 general obligation bonds, series 2019A 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
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Background:
The proposed sale was considered in a previous Council Agenda item. This ordinance finalizes the steps required to proceed with a positive vote authorizing the sale.
Cost: Estimated $100,000 in issuance costs
Funding Source: Proceeds of the 2019A GO Bond Sale
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Ordinance 3604
Recommendation:
recommend
Adopt Ordinance Number 3604 and approve the emergency clause.
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