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Legislation Details
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File #:
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26-1071
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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5/18/2026
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Final action:
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5/18/2026
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Title:
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Discussion and possible action regarding - Consideration and action upon a resolution authorizing and approving the incurring of indebtedness by the Cleveland County Educational Facilities Authority (herein the “Authority”) to be accomplished by the issuance of lease revenue bonds, notes or other evidences of indebtedness in one or more series on a tax-exempt or taxable basis, at a premium or discount, in the aggregate principal par amount of not to exceed Ten Million and No/100 Dollars ($10,000,000.00) to provide funds to complete the acquisition, construction, equipping, renovating, and remodeling of school buildings, acquiring school furniture, fixtures and equipment and acquiring and improving school sites related to Independent School District No. 29, Cleveland County, Oklahoma (the “District”); establish a reserve fund, if any, capitalize interest, if any, and pay costs of issuance; waiving competitive bidding in regard to the sale of said bonds; approving and authorizing the ex...
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title
Discussion and possible action regarding - Consideration and action upon a resolution authorizing and approving the incurring of indebtedness by the Cleveland County Educational Facilities Authority (herein the “Authority”) to be accomplished by the issuance of lease revenue bonds, notes or other evidences of indebtedness in one or more series on a tax-exempt or taxable basis, at a premium or discount, in the aggregate principal par amount of not to exceed Ten Million and No/100 Dollars ($10,000,000.00) to provide funds to complete the acquisition, construction, equipping, renovating, and remodeling of school buildings, acquiring school furniture, fixtures and equipment and acquiring and improving school sites related to Independent School District No. 29, Cleveland County, Oklahoma (the “District”); establish a reserve fund, if any, capitalize interest, if any, and pay costs of issuance; waiving competitive bidding in regard to the sale of said bonds; approving and authorizing the execution and delivery of documents in connection therewith, including, but not limited to, a purchase and sale agreement, an assignment of purchase and sale agreement, a lease purchase agreement, a federal tax and arbitrage certificate, and an arbitrage and rebate agreement; selection of professionals to effect said financing and the taking of other actions with respect thereto.
recommendation
Recommended Action: Approve
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