(STILLWATER, OKLA. / Posted Sept. 24, 2013) - The Stillwater City Council met for a study session in room 2073 in the Stillwater Municipal Building on Monday, Sept. 23, 2013. (View the meeting agenda here)
Presentation by CFO Marcy Lamb on Public Debt Financing
The City's Chief Financial Officer Marcy Lamb conducted a approximately 50-minute presentation on the processes on issuing municipal debt. Mayor, councilor, City staff and members of the audience listened to information about why municipalities issue debt, the difference between revenue bonds verses general obligation bonds and their advantages and disadvantages. Also, Lamb talked about the personnel who are involved in the financing process and the types of bond documents included in the process.
No action was taken. All councilors were present except for Councilor Cody Scott.
Adjournment was approved 4-0.
Presentation by CFO Marcy Lamb on Public Debt Financing
The City's Chief Financial Officer Marcy Lamb conducted a approximately 50-minute presentation on the processes on issuing municipal debt. Mayor, councilor, City staff and members of the audience listened to information about why municipalities issue debt, the difference between revenue bonds verses general obligation bonds and their advantages and disadvantages. Also, Lamb talked about the personnel who are involved in the financing process and the types of bond documents included in the process.
No action was taken. All councilors were present except for Councilor Cody Scott.
Adjournment was approved 4-0.
END
Recap by Blake Schaich, Marketing and Public Relations.
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Next City Council work session is Oct. 7, 2013, beginning at 5:30 p.m. This meeting will be televised on Suddenlink channel 23 and AT&T U-verse channel 99). Click here for agendas.
Watch the City Council Meetings: Videos of Stillwater City Council meetings are made available on the City of Stillwater's YouTube.com channel within five days of the meeting. You can watch the meetings live on City of Stillwater Television (Suddenlink channel 23 and AT&T U-verse channel 99).
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