Miami Special Utility Authority Regular Meeting Agenda April 7 2026
MSUA selects Simmons Bank for $14.2M revenue note
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Description
MSUA approved Resolution MSUA2026-05 authorizing issuance of a Utility System and Sales Tax Revenue Note, Series 2026, and accepted Simmons Bank’s negotiated bid for up to $14.2 million at a 4.4% rate to fund fiber, AMI meters, and water plant work.
Contract Details
Contract Amount
Not to exceed $14,200,000.00
Vendor
SIMMONS BANK
Agency
Housing Authority of the city of Miami,Oklaho, OK
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Renewal Info
Revenue note financing; no prepayment penalty and subject to sales tax agreement and indenture terms.
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ONGOINGIssuing Agency
Housing Authority of the city of Miami,Oklaho
Local Housing Authority
Miami, OK
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