Special Call City Council - Nov. 4, 2026

At a special-call meeting of the City of Muskogee City Council, identified in the meeting title as Nov. 4, 2026 (transcript metadata is dated Nov. 5), council considered authorizing negotiations for financing the $29.25 million in inverse-condemnation judgments. The proposal would have the City of Muskogee Foundation guarantee a loan funded by seven local banks, potentially over 15 years, with repayment supported by projected franchise-fee revenues. Council members emphasized that terms and the guarantee were not finalized, that bond counsel would need to review the structure, and that any final terms would return to council for approval. The council unanimously approved the authorization to proceed with discussions; no loan award or final financing agreement was approved at this meeting.

Members discussed alternatives including a bond, tax increases, a possible temporary half-cent sales tax, and applying existing funds toward the judgment. They noted that franchise-fee revenue may not become substantial until the third quarter of 2027 and that shortfalls could require identifying other legally available funds. A resident raised concerns about the foundation’s structure and the risks of relying on projected revenue. No other procurement activity was identified.