Father God, we come before you today. We just asked that should be with us as a witness business of the city and my area for community, in its people. Father we just allow us not to overlook this week for your sacrifice and you're resurrection throughout this week. We thank You, we praise for your resolution, MSUA 2026-25 authorizing the mind of special utility authority to issue its utility system in sales tax revenue note series 26 and aggregate principle amount. And electric systems, authorizing and directing execution of the note. Another document related to transaction including professional services agreements in party agreement containing other provisions relating their to the state. So thank You all for tonight, so this is something we've worked very hard forth and This Is Actually The Financing For Fiber on our AMI leaders you know as in then some water plan work Tonight We have Chris Gander from BOK We have NADELUS and then we have Alan Brooks, he always says really good shoes on if you're everyone like some shoe's yeah so. He wear a brush to choose So they are here do talk about everything They help just get financing different quotes that be having fun of You guys We have some awesome financing I mean the you know we're looks like Simmons is the lowest and it's redeemable any time So, You don't ever prepayment penalty so what? Like weird pleased with them. I'll turn to that right then Wait we saw you on site that only questions I have were in question first. You be In Section 6 the least date You tell the authority that those revenues available pledge is collateral for them. We might have wanted to go in and update That To Abentage 2026 document except you Have bonds outstanding And some real can't do about it, but I'm just It's Just a Rappetation But existing documents So an order Tyler maybe can actually this question figure To maintain the ability to repay this note at the schedule right what does our take rate have Well, you know because I'm not a business for any. So i mean Right now we set up Our electrical already covered it Kind of like carved out that place on electric Payed did You're three years four they We haven't taken over Okay, so are not relying on Take care Thanks for The Claire Yeah, Chris so you have You familiarize yourself with all this To honestly thank each of your team and that we met on I'm happy guys what year? Your an FGO tells us a And had great talk about This project how are the city staff for staying On There's some rain list of fruition missed in there. Even evolve Everybody has been involved Thankyou This is going to change thanks for our team and we just don't change it when I get like Thanks her all long time inside the city in this town City Hall So Appreciate everybody's efforts To finally bring us today to Molly close his chapter And Get Rollin on them We met with someone yesterday That way, talking about that project even by borrow money to do Yeah We could probably only use money To ask them kind of what rate at the time before and he's well we're in The four years that oh yeah, you never get That And they've got to walk through there with a 4 or just like wow Supposed by any time pay off It was an expect so Great job buy your body I will second Okay You're not. This meeting will now be continued from Calth Chambers Recommend to the staff room for the purpose of executive session The completion, especially being in a monocytic council

Miami Special Utility Authority (MSUA) Special Meeting
MEETING DATE:       March 31, 2026

AGENDA TITLE:       Consider and Take Action With Respect to Resolution MSUA2026-05 Authorizing the
                    Miami Special Utility Authority ("Authority") to Issue its Utility System and Sales Tax
                    Revenue Note, Series 2026 in the Aggregate Principal Amount of Not To Exceed
                    $14,200,000.00; Waiving Competitive Bidding and Authorizing the Note to be Sold on a
                    Negotiated Basis; Approving and Authorizing Execution of a Sales Tax Agreement By and
                    Between the City of Miami, Oklahoma ("City") and the Authority Pertaining to a Year-to-
                    Year Pledge of Certain Sales Tax Revenue; Approving and Authorizing Execution of an
                    Indenture Authorizing the Issuance and Securing the Payment of the Note; Providing
                    That the Organizational Document Creating the Authority is Subject to the Provisions of
                    the Indenture; Ratifying and Confirming a Lease Pertaining to the City's Water, Sanitary
                    Sewer, Garbage, and Electric Systems; Authorizing and Directing the Execution of the
                    Note and Other Documents Relating to the Transaction, Including Professional Services
                    Agreements and a Party Agreement; and Containing Other Provisions Relating Thereto


PRESENTER:          Tyler Cline

BACKGROUND:

STAFFS RECOMMENDATION:
Staff recommends approval.


ATTACHMENT(S):
Resolution.docx

THE MIAMI SPECIAL UTILITY AUTHORITY (MSUA) MET IN SPECIAL SESSION ON MARCH 31, 2026, IN THE
MIAMI CIVIC CENTER COUNCIL CHAMBERS AT 5:30PM WITH THE FOLLOWING MEMBERS PRESENT:

Bless Parker, Chairman Tyler Cline, Trust Manager
Brian Estep, Trustee Misty Barnes, City Attorney
Kevin Dunkel, Trustee (Absent) Melissa Moore, City Clerk

Kyla Jones, Trustee
Haleigh Barnes, Trustee

Notice of a special meeting of the Miami Special Utility Authority, Miami, Oklahoma, called by Chairman
Bless Parker, was displayed in the main lobby of the Miami Civic Center and by posting on
www.miamiokla.net starting at 5:30PM on March 26, 2026, pursuant to 25 O.S. §311(9) (a) and (b) and
the agenda was displayed and posted in the same manner on March 30, 2026, at 2:00PM.

THE TRUST MAY TAKE ANY OF THE. FOLLOWING ACTIONS: DISCUSS, CONSIDER AND VOTE FOR
APPROVAL, ACCEPTANCE, REJECTION, AMENDMENT AND/OR POSTPONEMENT OF ANY ITEM LISTED IN
THIS AGENDA:

1. Call to Order
Chairman Parker called the meeting to order at 5:31pm.

2. Invocation
Invocation by Deputy Chief of the Miami Fire Department, Shannon Biggs.

3. Pledge of Allegiance
Chairman Parker led the Pledge of Allegiance.

4. Discussion and Possible Action Items

A. Consider and Take Action With Respect to Resolution MSUA2026-05 Authorizing the Miami Special
Utility Authority ("Authority") to Issue its Utility System and Sales Tax Revenue Note, Series 2026 in
the Aggregate Principal Amount of Not To Exceed $14,200,000.00; Waiving Competitive Bidding and
Authorizing the Note to be Sold on a Negotiated Basis; Approving and Authorizing Execution of a Sales
Tax Agreement By and Between the City of Miami, Oklahoma ("City") and the Authority Pertaining to
a Year-to Year Pledge of Certain Sales Tax Revenue; Approving and Authorizing Execution of an
Indenture Authorizing the Issuance and Securing the Payment of the Note; Providing That the
Organizational Document Creating the Authority is Subject to the Provisions of the Indenture;
Ratifying and Confirming a Lease Pertaining to the City's Water, Sanitary Sewer, Garbage, and Electric
- Systems; Authorizing and Directing the Execution of the Note and Other Documents Relating to the
Transaction, Including Professional Services Agreements and a Party Agreement; and Containing
Other Provisions Relating Thereto

Tyler Cline explained that this is the funding for the fiber, Advanced Metering Infrastructure (AMI)
meters, and some work at the water plant. Cline introduced Chris Gander with BOK Financial Securities,
and both Nathan Ellis and Allen Brooks with The Public Finance Law Group. Allen Brooks explained that
Simmons Bank provided the best option for the interest rate and there is no pre-payment penalty, if the
Trust would want to refinance in the future. Brooks explained that the representatives will monitor this
project. The resolution authorizes the execution of various documents that are required to secure this

MSUA - Spec Page 1 of 3 March 31, 2026
funding. The anticipated fiber revenues are not pledged for this funding. Brooks explained that the
recommendation is to approve this resolution and accept the bid from Simmons Bank. Crystal Wyrick
expressed her appreciation to the representatives of BOK Financial Securities and The Public Finance
Law Group for their assistance with this project. Chairman Parker expressed his appreciation for staff for
working on this project and for getting a four-point four percent (4.4%) interest rate.

Chairman Parker made a motion to approve Resolution MSUA2026-05 authorizing the Miami Special
Utility Authority ("Authority") to issue its Utility System and Sales Tax Revenue Note, Series 2026 in the
aggregate principal amount of not to exceed $14,200,000.00; waiving competitive bidding and
authorizing the note to be sold on a negotiated basis; approving and authorizing execution of a sales tax
agreement by and between the City of Miami, Oklahoma ("City") and the authority pertaining to a year-
to year pledge of certain sales tax revenue; approving and authorizing execution of an indenture
authorizing the issuance and securing the payment of the note; providing that the organizational
document creating the authority is subject to the provisions of the indenture; ratifying and confirming a
lease pertaining to the city's water, sanitary sewer, garbage, and electric systems; authorizing and
directing the execution of the note and other documents relating to the transaction, including
professional services agreements and a party agreement; and containing other provisions relating
thereto. The motion was seconded by Trustee Estep. The Trust was polled with the following results:

Parker, Aye Estep, Aye Jones, Aye - Barnes, Aye Dunkel, Absent
Chairman Parker declared the motion carried.

5. The Meeting Will be Continued From the Council Chambers and Reconvened in the Staff Room for
Purposes of the Executive Session at the Completion of the Special Meeting of the Miami City Council

The Trust continued the meeting from the Council Chambers at 5:43PM and reconvened in the Staff Room
for purposes of the executive session at the completion of the City Council meeting.

The City Clerk left the meeting at 5:43PM, and minutes were taken by the City Attorney.

6. Executive Session in the Staff Room to Review Previous Executive Session Minutes
Chairman Parker asked Tyler Cline and Misty Barnes to remain for the executive session.

Trustee Jones moved to go into executive session for the reasons stated in the agenda with the people
listed above. Trustee Barnes made the second. The Trust was polled with the following results:

Jones, Aye Barnes, Aye Estep, Aye . Parker, Aye Dunkel, Absent
Chairman Parker declared the Trust in executive session at 5:53PM.

Chairman Parker declared the Trust out of executive session at 6:23PM.

7. Executive Session in the Staff Room Pursuant to 25 0.S. §307(B)(4) for Purposes of Confidential
Communications Between the Trust and its Attorney Concerning a Pending Investigation, Claim, or

Action, to wit: City of Miami, et al., v. GRDA CJ-08-619 and F.E.R.C. Project No. 1494
Agenda Items 6 and 7 were discussed in the executive session.

8. The Meeting Will be Reconvened in the Staff Room After the Executive Session

MSUA - Spec Page 2 of 3 March 31, 2026
The meeting reconvened in the staff room after the executive session at 6:24PM.

9. Possible Action on Matters Addressed in Executive Session Agenda Item Number 7

No action taken.

10. Adjournment
Trustee Barnes made a motion to adjourn. Trustee Estep made the second. The Trust was polled with the

following results:

Barnes, Aye Estep, Aye Jones, Aye Parker, Aye Dunkel, Absent

Chairman Parker declared the meeting adjourned at 6:25PM.

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MISUA - Spec Page 3 of 3 March 31, 2026