[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",5984316,"mediaKeyId","5810796-0e1cf5cbc3b2422fe14318cbd2ee1aef","parentId",5810796,"title","Perry approves up-to-$4.11M FAP loan, moves to start water-treatment upgrades and decommission aging mains","audioSeconds",442,"startMs",2528000,"endMs",2970000,"viewUrl","/Search/View?dp=1&key=5810796-0e1cf5cbc3b2422fe14318cbd2ee1aef&start=2528&end=2970","thumbnailUrl","https://assets.pipeline.soar.com/5810796-0e1cf5cbc3b2422fe14318cbd2ee1aef/thumbnail_2528000.jpg","articleUrl","/articles/5984316/Perry/Noble-County/Oklahoma/Perry-approves-up-to-411M-FAP-loan-moves-to-start-water-treatment-upgrades-and-decommission-aging-mains","mediaUrl","https://secure.pipeline.soar.com/5984316-1614ac9b64368ac2001e008f26731756/orig.mp4?Expires=1775196909&Signature=PFBsRFkhkMIlkEakcKghGLUDCs7OXYKldPyzUfNW4V1cHT63STtoPzj-44N0nZkoaG8-nde-iSSEBRfe04dVi3AHdsufIneldn4pnDr54WLNijkk7EUFXJKcLNUHTaCE5xaHok-XBatcA569bAE62pAXpoT~WR6e5MgVtdJNj9Oq5ShcpbVAE5qx2euHwg16c54pFKR~zZcDytYPk8RFpxgmCQqnQS5XR2ndrUvHbrYEXxZKrE~VYReJzmcxv4-zKOvYbZmK~KUJ7b9yFEZ728dR00i9BIjUJSXi4RHOZbXzi77ixoDF-5w8NxS-rqHPbd3aBftZ9b3eBio-1vPchQ__&Key-Pair-Id=KUT5TJCACFTXG","author","City of Perry, OK","date","2025-09-16T00:00:00Z","article","PERRY, Okla. — The Perry City Council and the Perry Municipal Authority approved measures Tuesday to pursue a pooled loan through the Oklahoma Water Resources Board (OWRB) Financial Assistance Program (FAP) to pay for three urgent water projects: rehabilitation and improvements at the municipal water treatment plant, a residuals-handling facility, and decommissioning old water mains.

Municipal finance adviser Chris Wolf of Municipal Finance Services told the council the water board will sell revenue bonds and lend proceeds to a pool of participating communities; the pool structure spreads issuance costs and speeds delivery of funds. “What we’re talking about tonight is a loan through the Oklahoma Water Resources Board Financial Assistance Program,” Wolf said.

Why it matters: City staff and consultants said the projects address Department of Environmental Quality (DEQ) compliance priorities and recurring water-system failures. The loan structure would deliver funds quickly — Wolf projected a mid‑December closing — allowing some construction and utility work to begin before the end of the year if the council finalized contract authorizations.

Key figures and pledges
- Project costs and loan size: Consultants estimated about $3.8 million to complete the three capital projects; with issuance and related costs the total funding request shown to council was just under $4,000,000. The authority resolution approved by the council set a not-to-exceed principal amount of $4,110,000.
- Term, interest and payment: The financing analysis used a 16‑year term (maturity roughly 2041–2042) and showed an average effective interest rate around 4.26 percent in current market assumptions; counsel’s resolution authorized an interest rate not to exceed 5.0 percent. Wolf projected level annual payments on the new loan around $340,000; city staff said planning had allowed for roughly $350,000 in annual debt service when setting utility rates earlier this year.
- Revenue pledge and coverage: The pledge for the loan combines pledged water revenues and a 2.25 percent sales tax that is currently composed of 1 percent permanent sales tax plus a 1.25 percent temporary sales tax that expires and reverts to 1 percent after the 1.25 percent portion sunsets. The program requires a minimum debt-service coverage ratio of 1.40 times on maximum annual debt payments; consultants projected coverage of about 2.43 times under conservative revenue assumptions.

Council actions and contracting
The council adopted a city resolution approving action taken by the Perry Municipal Authority and authorized loan documents to participate in the OWRB FAP pool (authority resolution with a not-to-exceed principal of $4,110,000 and rate cap). The Perry Municipal Authority separately approved a related trust and loan resolution and a reimbursement declaration to allow project expenditures before closing so the city can start work promptly.

The council also approved a professional services agreement with Cimarron Valley Engineering LLC for design and engineering of the water treatment plant improvements; staff said those engineering services will be funded as part of the project proceeds.

Project sequencing and procurement
City engineer and project managers told council the residuals-handling project and selected water-main decommissioning plans were sufficiently advanced to permit bidding and staged construction. Staff emphasized the benefit of bidding water-main kill-outs in unit-price, incremental packages to keep work moving and maintain flexibility; the water plant work will follow and is nearing a stage where bid documents can be issued.

Voices in the meeting
- Chris Wolf, municipal finance adviser: described the OWRB FAP pool structure, timing and projected terms and said pooled issuance speeds funding and reduces per‑borrower issuance costs.
- Russ (city finance/CFO): provided context on how the financing fits the budget and reminded council that earlier utility-rate adjustments were designed to support this level of debt service.
- Alan Brooks, bond counsel: described the authorizing resolutions and tax-law compliance steps including a not-to-exceed rate and principal amount to allow the December bond sale and closing.
- Matt (engineer, Cimarron Valley): described the readiness of water-main kill-out plans and residuals-handling design and said parts of the work can be bid in the near term.

Next steps and contingencies
If the OWRB sells bonds as scheduled, the council and PMA actions authorize the authority to accept its loan allocation and close in December. The new loan would be disbursed at closing in a single advance rather than as a drawdown construction loan; the city will begin construction and utility relocations per the engineer’s prioritized schedule. Staff noted the 1.25 percent portion of the sales tax that currently counts toward coverage will expire in later years; consultants accounted for that sunset and still projected coverage above the 1.4 requirement under conservative assumptions.

(Reporting based on the city meeting transcript; direct quotes are attributed only to speakers recorded in the meeting.)","mediaType","Video","parentTitle","City Council Meeting - September 15, 2025","oneSentenceSummary","The city approved participation in an Oklahoma Water Resources Board Financial Assistance Program (FAP) loan — up to $4,110,000 — to fund water treatment plant improvements, a residuals-handling project and decommissioning of old water mains. Officials said the loan would close in December and annual payments are projected near $340,000–$350,000.","taxTitle","Perry, Noble County, Oklahoma","taxId",73718,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},5984322,"Perry YMCA nears $8.9 million goal; council approves alley vacation and utility moves",2191,79000,2270000,"/Search/View?dp=1&key=5810796-0e1cf5cbc3b2422fe14318cbd2ee1aef&start=79&end=2270","https://assets.pipeline.soar.com/5810796-0e1cf5cbc3b2422fe14318cbd2ee1aef/thumbnail_79000.jpg","/articles/5984322/Perry/Noble-County/Oklahoma/Perry-YMCA-nears-89-million-goal-council-approves-alley-vacation-and-utility-moves","https://secure.pipeline.soar.com/5984322-204340f4e145710ac489b9cc6246c8b2/orig.mp4?Expires=1775196909&Signature=VPRCieEEhyvRPCRAIJJeSROJf9q5ma5B4QORVKQozdzCzexpS~YdVPhHQmVnvwkKfxD1gmsogB9XxGBw8o5f83xnucUbd6IpFaXa28sV3AtDPymvww0iDE8b-WYMO0JVgmisVu2zw0o4iHB1oMKncdGYhCLKIjnMHD4ocCK34HKFiKWvIRL6jZYkMkYCOvQQnKzdRU0aAb1uSf8SZ-tS-oIpEjikSfyooUczFPCbh7PJ0bi5oDO~oAIcZOoqZ7eCe6WPbxswW6AAeSYDD4EQ-p1B9-waUpLKQ-ZI-40zHDc78TjtKB3gXjPim83Ky0kBfo3jppcO~QialpKfycwfRg__&Key-Pair-Id=KUT5TJCACFTXG","PERRY, Okla. — The Perry YMCA’s planned expansion, funded in part with American Rescue Plan Act (ARPA) money and a $4,000,000 family-affiliated donation, is within $150,000 of its $8.9 million fundraising goal, and the Perry City Council on Tuesday approved an agreement to vacate a downtown alley and relocate utilities needed for the project.

The expansion will add a childcare area, a dedicated food room, improved lobby and offices, a renovated pool and a 24-hour gym entrance, YMCA representative Mandy Lowry said. “The community really turned up for us, and it was an exciting day,” Lowry said of a recent groundbreaking. She told the council the Y served 25,000 meals this past summer and said a dedicated food room and staff could expand that work.

Why it matters: The project consolidates services that are now scattered across annex buildings and would centralize youth programming, after-school space and community fitness amenities under one roof. The council’s approval of a property agreement clears a legal and utility hurdle that was necessary before building can begin.

Details of the project and timeline
- Project budget and fundraising: Lowry said the overall project budget is $8,900,000 and that the campaign is about $150,000 short as of the day of the meeting. The Y has received ARPA funds and a $4,000,000 donation identified in the meeting as coming from a family-affiliated fund. Lowry credited local families and businesses for the remainder of the fundraising.
- Facilities and programs: Planned additions include a west-side build-out for childcare, a dedicated food room (the Y borrowed space from another nonprofit to run this summer’s meal program), a new lobby with tables and a patio intended for after‑school use, new offices and pool/locker-room renovations. Lowry said the current lobby area will reconfigure to provide 24-hour access to cardio and workout equipment.
- Timeline: Lowry told the council contractors estimate “10 months to 1 year” for the initial phase that uses ARPA funds; a meeting attendee noted an October 2026 target for completion of the overall project. Lowry also said equipment will be moved in “in about 20 days.”

City approval and utility work
City staff said an agreement with the Noble County Young Men’s Christian Association, Inc., was necessary to vacate an alley that runs through the project site. Under the agreement the YMCA will cap existing water and sewer lines in the alley and allow the city to relocate those lines into an adjacent right-of-way; the city attorney advised council this enables the alley to be vacated and title transferred so the YMCA can proceed with construction.

The council voted to approve the agreement (roll call: affirmative votes recorded by the clerk). Council and staff said the utility lines being moved are part of the city water and sewer system and will remain public infrastructure after the move.

Voices in the room
- Mandy Lowry, YMCA representative: spoke about fundraising, program expansion and timeline and said, “We’re only $150,000 short as of yesterday of hitting that goal right here in our little, little town of Perry.”
- Pastor Peter Olsen: introduced the group and offered invocation.
- City staff member: explained the alley vacation application and the utility easement arrangement required to proceed with title transfer and construction.

What’s next
With the alley-vacation agreement approved, the YMCA and city staff said they will proceed with utility relocation and demolition/renovation planning. Lowry said the project intends to move into construction on the ARPA-funded phase first, then continue renovation of the existing pool and facilities.

Clarifying notes
- Funding sources discussed at the meeting included ARPA funds, a $4,000,000 family-affiliated donation described by the Y, and local business and family contributions; the meeting did not provide a full itemized funding breakdown.
- The approved city agreement requires capping and relocating existing water and sewer lines; staff said the lines are part of the city system and will service other customers after relocation.

Community context
Council members and staff praised the Y’s role in local youth services and community events. Council members noted broad local donor support in addition to the ARPA and large family gift.

(Reporting based on the city meeting transcript; direct quotes are attributed only to speakers recorded in the meeting.)","The Perry YMCA’s $8.9 million expansion — funded with ARPA money, a $4 million family donation and local contributions — is about $150,000 short of its goal. The city council approved an agreement to vacate an alley and relocate water and sewer lines so construction can proceed.","actionData","errors"]

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Perry approves up-to-$4.11M FAP loan, moves to start water-treatment upgrades and decommission aging mains

Perry YMCA nears $8.9 million goal; council approves alley vacation and utility moves