City of Okmulgee Resolution Approving Okmulgee Municipal Authority Promissory Note 2026-06-12
Council Approves $4M Clean Water Note with State Board
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Description
The Okmulgee City Council approved issuance, sale, and delivery of a Clean Water SRF Promissory Note to the Oklahoma Water Resources Board for up to $4,000,000, to finance water and wastewater infrastructure. The action ratifies prior Authority decisions and related agreements, with the note to be repaid over time.
Contract Details
Contract Amount
Not to exceed $4,000,000.00
Vendor
OKLAHOMA WATER RESOURCES BOARD
Agency
Okmulgee County, OK
Contract Type
FINANCIAL_SERVICES
Document Date
June 12, 2026
Contract Term
Until the Note is paid
Renewal Info
Note term continues until paid in full. No explicit auto-renewal; related lease and sales tax agreements tied to the note's life.
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