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City staff brief council on $39.885 million TMUA utility revenue bond plan

2510728 · March 5, 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

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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