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City consolidates multiple OWRB promissory‑note balances to fund ongoing Upper Joe Creek project

3298400 · May 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Committee members were told the city is moving several Oklahoma Water Resources Board promissory‑note fund balances into an ongoing LaFortune/Upper Joe Creek project so the money will be used to complete that active construction program rather than paying down loan principal.

Tulsa staff told the Urban & Economic Development Committee on May 14 that the city has coordinated with the Oklahoma Water Resources Board (OWRB) to move several small promissory‑note fund balances into an ongoing Upper Joe Creek (LaFortune) sewer capital project.

Public works staff explained the transfers move finished projects' OWRB funds into the active LaFortune/Upper Joe…

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