Consider and take action with respect to a resolution of the Lawton Water Authority (the “Borrower”) approving and authorizing a CWSRF loan from the Oklahoma Water Resources Board (the “Board”) in the total aggregate principal amount of not to exceed $45 million; approving the issuance of a promissory note or notes in one or more series in the total aggregate principal amount of not to exceed $45 million, secured by a pledge of revenues and authorizing its execution; approving and authorizing the execution of a loan agreement for CWSRF loan; designating a local trustee and approving and authorizing the execution of a trust agreement; approving and authorizing the execution of a security agreement; ratifying and confirming a lease agreement, as amended pertaining to certain water, sanitary sewer, and refuse systems; approving various covenants; approving and authorizing the establishment of a project costs disbursement account; and containing other provisions relating thereto.

Committee

Lawton Water Authority

Introduced

May 16, 2022

On agenda

May 24, 2022