muskogee-county-board-of-county-commissioners-resolution-2025-07_e39.pdf
Authority Approves $43M Bonds with SAMCO Underwriter
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Description
The Muskogee County Public Safety Authority authorized issuance of up to $43 million in revenue bonds and approved SAMCO, Inc. as the underwriter in a negotiated sale. The bonds will fund public safety facilities, with a sale price of at least 99% of par and maturities up to 11 years.
Contract Details
Contract Amount
Not to exceed $43,000,000 principal; purchase price not less than 99% of principal (underwriter's discount not more than 1%)
Vendor
SAMCO INC
Agency
Muskogee County, OK
Contract Type
FINANCIAL_SERVICES
Document Date
September 22, 2025
Contract Term
Bond maturities not to exceed eleven (11) years; average interest rate not to exceed 5.00% per annum
Renewal Info
One-time negotiated bond underwriting; no renewals specified. Bonds may have maturities up to 11 years with interest rate capped at 5.00% average.
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