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Council adopts resolution setting details for 2025 general obligation bond sale
Summary
The Moore City Council adopted Resolution No. 10725 to fix maturities, set the time and place for sale, and authorize the clerk to give legal notice for the sale of general obligation bonds previously approved by voters in November 2023.
The Moore City Council adopted Resolution No. 10725 pertaining to the city’s general obligation bonds of 2025 — bonds that were previously authorized by the majority of qualified voters at the November 14, 2023 election. The resolution fixes annual maturities, sets the time and place for the bonds to be sold and authorizes the city clerk to publish the notice of sale as required by law.
City staff said this action is the city’s annual bond draw under voter authorization and that the amounts were recommended by the city’s financial adviser and bond counsel, who were present at the meeting to answer questions. A council motion to approve the resolution passed on a roll call vote.
Ending: The clerk was authorized to publish the notice of sale and staff indicated bond counsel and the financial adviser will proceed with sale preparations under the terms set by the resolution.
