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Alva approves arena authority bond issuance, ties TIF increment to repayment
Summary
The Alva City Council on May 20 approved Resolution 2025-006 allowing the Alva Arena Authority to issue tax apportionment bonds and a security agreement that pledges tax‑increment revenues for repayment; bond counsel said the city is not liable for the debt.
The Alva City Council on May 20 voted to approve Resolution 2025‑006, authorizing the Alva Arena Authority to issue tax apportionment bonds and approving a security agreement that pledges tax‑increment revenues as repayment for the bonds.
The measure, moved by Councilman Parsons and seconded by Councilman Hoffman, passed on a roll call vote. Bond counsel Bodie Bachelor of Centennial Law Group told the council the financing would provide funds…
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