Consider and take action with respect to a resolution of the City of Lawton, Oklahoma (the “City”) approving action taken by the Lawton Water Authority (the “Authority”) authorizing the Authority to file programmatic applications with Oklahoma Water Resources Board for financial assistance through Financing Assistant Program (FAP) loan programs of the Oklahoma Water Resources Board; and authorizing the issuance, sale and delivery of a promissory notes or notes in one or more series of the Authority to the Oklahoma Water Resources Board in the total aggregate principal amount of not to exceed $50 million for financial assistance through the Financing Assistant Program (FAP) Loan; ratifying and confirming a lease agreement, as amended pertaining to certain water, sanitary sewer, and refuse systems; and containing other provisions related thereto.

Committee

City Council

Introduced

May 2, 2023

On agenda

May 16, 2023