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14.

Special Call City Council

Meeting Date:

05/20/2024

Submitted For:

Mike Miller

Initiator:

Judy Villalobos, Executive Assistant

Department:

City Manager

Staff Information Source:

Information

AGENDA ITEM TITLE:

Receive presentation relating to the proposed Muskogee Capital Improvement Funding Program for the City of Muskogee, or take other necessary action. (Mike Miller)

BACKGROUND:

At the City Council Special Call meeting of April 25, 2023, the City Council gave direction to Staff to pursue the option of General Obligation Bonds for future funding of capital needs for the City of Muskogee. City Staff and representatives from The Public Finance Law Group PLLC, presented funding and scheduling options for a potential General Obligation Bond program in Muskogee for the Fall of 2023, at a Special Call Council meeting on May 22, 2023. Later in 2023, Council gave further direction to staff to prepare for an election in 2024. In April of 2024, the City Council voted to conduct a public opinion survey in preparation for selection of projects for a General Obligation Bond capital improvements program. Two weeks ago, the City Council voted to select certain projects for inclusion in the capital program, including projects for inclusion in a renewal of the $.005 CIP sales tax which is set to expire next year. This item will serve to discuss the projects under consideration and give context for discussion and possible action in calling for an election to place the projects before the voters.

RECOMMENDED ACTION:

Receive presentation.

Fiscal Impact

Attachments

No file(s) attached.