Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PFM outlines options to expand borrowing capacity for $5.8 billion CIP
Summary
Financial adviser PFM briefed the Trust on options — expanding commercial paper, extendable commercial paper, bank notes, and continued long-term borrowing — to fund a multibillion-dollar capital improvement program.
The Trust received a briefing from Dennis Whiteley of PFM, the city’s financial adviser, on Jan. 28 about financing options to support Oklahoma City’s multi-year capital improvement program (CIP).
Whiteley told trustees the utility’s CIP totals roughly $2.7 billion over five years and about $5.8 billion over 10 years, citing major projects such as the Atoka pipeline (about $560 million) and the Deer Creek project (about $130 million). He described the current debt structure (senior lien revenue bonds and junior-lien water board loans), noted a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
