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Memorial Hospital Authority OKs $5.8 million construction loan to Sooner Town Center 2 at 4.5% interest
Midwest City Council / Midwest City Municipal Authority / Memorial Hospital Authority · January 29, 2025
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Summary
The Memorial Hospital Authority approved a three-year, $5.8 million drawdown construction loan to Sooner Town Center 2 at a stated 4.5% interest rate; trustees noted concerns about construction benchmarks but the motion carried.
The Memorial Hospital Authority approved terms for a three-year construction loan of $5,800,000 to Sooner Town Center 2, with a stated interest rate of 4.5 percent.
Authority staff presented the loan as a drawdown facility: funds would be advanced as construction costs are incurred, interest would accrue…
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