Stillwater City Council Agenda October 21 2024
Stillwater Utilities Lease Agreement Extended to 2124
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Description
Ordinance No. 3547 extends and restates the lease and operation/maintenance contract between the City of Stillwater and the Stillwater Utilities Authority, covering all major utility systems through June 30, 2124 or until debt is paid.
Contract Details
Vendor
STILLWATER UTILITIES AUTHORITY
Agency
City of Stillwater, OK
Contract Type
FACILITIES
Document Date
October 21, 2024
Contract Term
Approx. 100 years (2024 – June 30, 2124) or until indebtedness is satisfied
Renewal Date
2124-06-30
Renewal Info
Restates and consolidates previous amendments; lease term extended to 2124 or until all debt is retired. Subject to referendum per City Charter.
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