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Legislation Details
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File #:
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26-2327
Version:
1
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Type:
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Consent Items
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Status:
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Agenda Ready
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On agenda:
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10/19/2026
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Final action:
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Title:
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Discussion and possible action regarding - Resolution authorizing and approving the loaning of funds of the Cleveland County Industrial Authority (herein “CCIA”) to the Moore Economic Development Authority (“MEDA”), said loan to be accomplished by the issuance of a note, or other evidences of indebtedness, by MEDA in one or more series, on a taxable or tax-exempt basis, at a premium or discount, in a total aggregate principal par amount not to exceed Three Million, Five Hundred Thousand Dollars ($3,500,000), all to provide funds for certain public infrastructure and improvements to be made by MEDA or the City of Moore, Oklahoma, as part of the implementation of the Project Vernors Economic Development Project Plan; establish a reserve fund, if any, capitalize interest, if any, and pay costs of issuance; approving and authorizing the execution and delivery of documents in connection therewith which may include, but is not limited to, a general bond indenture, a supplemental note indentu...
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title
Discussion and possible action regarding - Resolution authorizing and approving the loaning of funds of the Cleveland County Industrial Authority (herein “CCIA”) to the Moore Economic Development Authority (“MEDA”), said loan to be accomplished by the issuance of a note, or other evidences of indebtedness, by MEDA in one or more series, on a taxable or tax-exempt basis, at a premium or discount, in a total aggregate principal par amount not to exceed Three Million, Five Hundred Thousand Dollars ($3,500,000), all to provide funds for certain public infrastructure and improvements to be made by MEDA or the City of Moore, Oklahoma, as part of the implementation of the Project Vernors Economic Development Project Plan; establish a reserve fund, if any, capitalize interest, if any, and pay costs of issuance; approving and authorizing the execution and delivery of documents in connection therewith which may include, but is not limited to, a general bond indenture, a supplemental note indenture, a loan agreement, a pledge and security agreement, a note, account control agreements, and certificates and orders as deemed necessary; selection of professionals, including a trustee bank, if any, to effect said financing; authorizing the chair of CCIA and the professionals engaged to determine the final terms and conditions of the loan; and the taking of other action with respect thereto.
recommendation
Recommended Action: Approve
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