Stilwell council approves authorityplan to issue Clean Water SRF note and ratify utility leases

The Stilwell City Council on March 11 approved a resolution ratifying the Stilwell Area Development Authorityaction to authorize issuance, sale and delivery of a Clean Water State Revolving Fund (SRF) promissory note to the Oklahoma Water Resources Board and to confirm related leases of the city's utility systems.

Council member Jim Spray moved to approve the resolution; Council member Barrett Harris seconded. The vote was recorded as follows: Coye Nettles—Yes; Barrett Harris—Yes; Debbie Johnson—Yes; Jim Spray—Yes; Lane Kindle—Yes. Mayor Jean Ann Wright and City Clerk-Treasurer Larry Nettles were present for the special joint meeting at the Stilwell Utility Office.

The resolution, as described on the meeting agenda, ratifies and confirms lease arrangements pertaining to the leasing of the city's utility systems to the Stilwell Area Development Authority and authorizes execution of any amended leases necessary to implement the Authority's financing action. The agenda item specifically references a Clean Water SRF promissory note through the Oklahoma Water Resources Board; the meeting minutes record the council's approval but do not specify loan amount, repayment terms, or a schedule for amended leases.

There was no recorded discussion or direct public comment on the motion in the meeting minutes. The meeting convened at 5:10 p.m. and adjourned at 5:19 p.m.

The approval allows the Authority to proceed with the SRF promissory note arrangement and confirms the council's consent to the lease-related steps recorded by the Authority; details about the note's amount, interest rate, amortization, and any subsequent lease documents were not specified in the minutes and remain "not specified" in public meeting materials.