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City collateral

TN
Teresa Nowlin
Thu, Mar 14, 2024 6:50 PM

If the public works authority were to take out a traditional loan for a capitol improvement, what do you think about the City pledging or allowing the pledge of stabilization/reserve funds as collateral for loan (where it fits within the purpose of the reserve funds per City ordinance)?

Teresa Nowlin | City Attorney
City of Jenks
211 North Elm | P.O Box 2007 | Jenks, OK 74037
918-299-5883 Office

If the public works authority were to take out a traditional loan for a capitol improvement, what do you think about the City pledging or allowing the pledge of stabilization/reserve funds as collateral for loan (where it fits within the purpose of the reserve funds per City ordinance)? Teresa Nowlin | City Attorney City of Jenks 211 North Elm | P.O Box 2007 | Jenks, OK 74037 918-299-5883 Office