Meeting Summary
The City Council approved the refinancing of a wastewater treatment loan, which is projected to save nearly $1 million and accelerate its payoff. Two ordinances were passed to update municipal code language regarding garbage collection and parking regulations. The meeting also included several community announcements, positive sales tax reports, and proclamations for Purple Heart City and Small Business Saturday.
Key Decisions & Votes
Wastewater Treatment Loan Refinancing
26:00The City Council approved refinancing the existing wastewater treatment loan at a fixed rate of 1.16%, which is expected to save approximately $972,000 and allow the loan to be paid off earlier than 2025.
Ordinance Amending Garbage and Refuge Code
23:30An ordinance was approved to amend Chapter 18 of the municipal code, providing cleanup language related to garbage and refuge collection services.
Ordinance Amending Motor Vehicles and Traffic Code
25:00An ordinance was approved to amend Chapter 24 of the municipal code, providing cleanup language related to motor vehicles and traffic parking regulations.
Municipal Authority Refunding Note Issuance
33:50The Midwest City Municipal Authority authorized the issuance of its utility system and sales tax revenue refunding note Series 2020 for $18,455,000, aligning with the city's refinancing efforts.
Upcoming Community Events
Vietnam Memorial Rededication
1 PM at Carl Albert High School (213 Elm)
Veterans Day Dedication
11 AM at the War Memorial (Reno and Douglas)
Bombers Playoff Game
At the stadium
Financial Matters
Sales and Use Tax Report
Report on sales and use tax revenue showing an increase of 7.0104% year over year and significant gains against projections.
Wastewater Treatment Loan Refinancing
Refinancing of the existing wastewater treatment loan at a fixed rate of 1.16%, projected to save approximately $972,000 and accelerate the loan payoff.
Announcements
- Sales and use tax revenue is up 7.0104% year over year, totaling $241,274, and up $4.3 million versus projection for the year.
- The 2020 annual food drive, led by Neighborhood Services, was the best ever with 33 pallets donated.
- The 2020 Veterans Day Parade has been postponed due to COVID-19 concerns; a rescheduled date has not been determined.
- Citizens are encouraged to fly their flags on Veterans Day (November 11th) in honor of veterans.
- Midwest City will celebrate Thanksgiving on Thursday, November 26th; trash and recycling normally picked up on Thursday will be picked up on Wednesday, November 25th. Friday pickups remain unchanged.
- Citizens are asked to place storm-related tree limbs and other vegetative debris within 10 feet of their curb for collection. Other disposal options are available.
- Residents impacted by storms are encouraged to report physical damages to homes and businesses at damage.ok.gov to help the city qualify for federal aid.
- An informative video on proper trash cart placement was released to educate residents on how to ensure efficient collection and avoid additional charges.
- Midwest City was proclaimed a Purple Heart City.
- November 28th was proclaimed Small Business Saturday, encouraging citizens to support local businesses.
Agenda Summary
City Council Consent Agenda
Approval of routine agenda items by unanimous consent.
City Council Discussion Item 1
First discussion item on the agenda.
City Council Discussion Item 2
Second discussion item on the agenda.
City Council Discussion Item 3
Ordinance amending the Midwest City Municipal Code Chapter 18 (Garbage and Refuge), Article 2, Section 18-25, providing for repealer and severability.
City Council Discussion Item 4
Ordinance amending the Midwest City Municipal Code Chapter 24 (Motor Vehicles and Traffic), Article 5, Division 1, Section 24-158, and providing for repealer and severability.
City Council Discussion Item 5 (Addendum)
Resolution approving the occurrence of indebtedness by the Midwest City Municipal Authority, issuing its utility systems and sales tax revenue refunding notes Series 2020, providing for organizational document provisions, waiving competitive bidding, and approving related proceedings and agreements.
Midwest City Municipal Authority Consent Agenda
Approval of routine agenda items by unanimous consent for the Municipal Authority.
Midwest City Municipal Authority Addendum Item 1
Resolution authorizing the Midwest City Municipal Authority to issue its utility system and sales tax revenue refunding note Series 2020 in the aggregate principal amount of $18,455,000, waiving competitive bidding, and authorizing related agreements and documents.
Midwest City Hospital Authority Discussion Item 1
Approval of the minutes from the October 29, 2020 special meeting.
Midwest City Hospital Authority Discussion Item 2
Discussion and consideration regarding adjusting assets based on fiduciary advisor contact.
Special Economic Development Authority Consent Agenda
Approval of routine agenda items by unanimous consent for the Special Economic Development Authority.