Miami Special Utility Authority (MSUA)

📅 Mar 31, 2026 | Clip #664

⚠️ DISCREPANCIES

⚠️ Discrepancies & Missing Documents (2)

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[00:00] Father God, we come before you today. We just asked that should be with us as a witness business

[00:12] of the city and my area for community, in its people. Father we just allow us not to overlook this week

[00:20] for your sacrifice and you're resurrection throughout this week. We thank You, we praise

[00:55] for your resolution, MSUA 2026-25 authorizing the mind of special utility authority to issue its

[01:07] utility system in sales tax revenue note series 26 and aggregate principle amount.

[01:55] And electric systems, authorizing and directing execution of the note. Another document related to

[02:02] transaction including professional services agreements in party agreement containing other provisions relating their

[02:08] to the state. So thank You all for tonight, so this is something we've worked very hard

[02:15] forth and This Is Actually The Financing For Fiber on our AMI leaders you know as in then some water plan work

[02:24] Tonight We have Chris Gander from BOK

[02:25] We have NADELUS and then we have Alan Brooks, he always says really good shoes on if you're

[02:31] everyone like some shoe's yeah so. He wear a brush to choose

[02:36] So they are here do talk about everything

[02:39] They help just get financing different quotes that be having fun of You guys

[02:42] We have some awesome financing I mean the you know we're looks like Simmons is the lowest and it's redeemable any time

[02:51] So, You don't ever prepayment penalty so what? Like weird pleased with them.

[02:56] I'll turn to that right then

[07:09] Wait we saw you on site that only questions I have were in question first. You be In Section 6 the least date

[08:13] You tell the authority that those revenues available pledge is collateral for them. We might have wanted to go in and update

[08:25] That To Abentage 2026 document except you Have bonds outstanding

[08:30] And some real can't do about it, but I'm just It's Just a Rappetation But existing documents

[08:39] So an order Tyler maybe can actually this question figure

[09:02] To maintain the ability to repay this note at the schedule right what does our take rate have

[09:08] Well, you know because I'm not a business for any.

[09:11] So i mean Right now we set up

[09:14] Our electrical already covered it

[09:16] Kind of like carved out that place on electric

[09:20] Payed did

[09:22] You're three years four they

[09:24] We haven't taken over

[09:27] Okay, so are not relying on Take care

[09:29] Thanks for The Claire

[09:30] Yeah, Chris so you have You familiarize yourself with all this

[10:32] To honestly thank each of your team and that we met on I'm happy guys what year?

[10:37] Your an FGO tells us a

[10:39] And had great talk about This project how are the city staff for staying On

[10:48] There's some rain list of fruition missed in there. Even evolve

[10:51] Everybody has been involved

[10:53] Thankyou

[10:54] This is going to change thanks for our team and we just don't change it when I get like

[10:59] Thanks her all long time inside the city in this town City Hall

[11:04] So

[11:06] Appreciate everybody's efforts

[11:08] To finally bring us today to Molly close his chapter

[11:12] And Get Rollin on them

[11:14] We met with someone yesterday

[11:17] That way, talking about that project even by borrow money to do

[11:20] Yeah

[11:21] We could probably only use money

[11:24] To ask them kind of what rate at the time before and he's well we're in

[11:28] The four years that oh yeah, you never get That

[11:32] And they've got to walk through there with a 4 or just like wow

[11:35] Supposed by any time pay off

[11:40] It was an expect so

[11:42] Great job buy your body

[11:48] I will second

[11:51] Okay

[11:58] You're not.

[11:59] This meeting will now be continued from Calth Chambers

[12:05] Recommend to the staff room for the purpose of executive session

[12:08] The completion, especially being in a monocytic council

📄 Full Agenda

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