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Wagoner County Development Authority approves up to $13.62 million bond issuance to cover federal judgment
Summary
Trustees approved a resolution authorizing the Wagner (sic) County Development Authority to issue up to $13,620,000 in bonds to pay a federal judgment entered Nov. 19, 2024; county commissioners adopted companion resolutions and a use-tax implementation resolution to help secure repayment.
The Wagoner County Development Authority voted Monday to authorize the issuance of bonds in an amount not to exceed $13,620,000 to provide funds to pay the balance of a judgment entered against Wagoner County in U.S. District Court for the Eastern District of Oklahoma on Nov. 19, 2024.
The resolution, read and discussed in a joint session of the development authority trustees and the Wagoner County Board of Commissioners, authorizes negotiated sale of the obligations, waiver of competitive bidding for the sale, and…
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