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City staff brief council on $39.885 million TMUA utility revenue bond plan
Summary
City staff described a planned issuance of Tulsa Metropolitan Utility Authority (TMUA) utility revenue bonds in two series totaling up to $39,885,000 to fund water meter replacement and sewer system projects; sale is scheduled for March 25 with closing on April 9.
City staff presented details of a planned bond issuance by the Tulsa Metropolitan Utility Authority to finance water and sewer capital projects.
Ted Becker, a city presenter, told the council the TMUA plans to issue utility revenue bonds in two series with an aggregate principal amount not to exceed $39,885,000. "These TMUA series 2025 a and 2025 b utility revenue bonds, as mentioned, are in the aggregate amount of $39,885,000 split into two series," Becker said. He said series A — the water portion — is $18,595,000 and is…
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