City Council Meeting
City Council Meeting
16 items Mon, May 12, 2025 at 6:30pm How To Join Remotely
 Approved
∙ Approved 7-0
∙ Agenda item 3 of 16
Item No. 1b - MOTION - payment to Bank of Oklahoma
On October 24, 2024, the city closed on Series 2024 Sales and Use Tax Revenue Bonds in the par amount of $34,845,000 with a net premium of $3,856,048 for a total of $38,701,048. After cost of issuance and the refunding of the 2017A Bond Series, the City received a total of $33,345,000 in project funds. The City’s first interest payment for 2025 is due June 1, 2025, in the amount of $1,055,029.16, and the first principal and second interest payment are due December 1, 2025, in the amount of $3,986,125. Funds to cover the 2025 payments are budgeted in the 2025 2J Bond Fund budget.

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Item No. 1b - payment to Bank of Oklahoma ( 0.22 MB )
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