Special Call City Council - Nov. 4, 2026

At a special-call City Council meeting for the City of Muskogee, titled Nov. 4, 2026, the council considered financing repayment of $29.25 million in inverse-condemnation judgments. Council approved authorizing the city manager or designee and city attorney to negotiate a loan agreement with the City of Muskogee Foundation, with all terms subject to final council approval. The proposal under discussion would have the Foundation guarantee financing provided by seven local banks, with repayment supported by projected franchise-fee revenues. No guarantee or loan terms had been formally approved, and bond counsel and further financial review would be needed. The roll-call portion records affirmative votes, though the transcript does not clearly establish the complete vote tally.

Council members discussed using this approach to avoid or reduce tax increases, while acknowledging that projected revenues could fall short and that other legally available funds might then be needed. A temporary half-cent sales tax was also discussed as a possible way to pay the judgment more quickly, but no tax measure was approved. Staff said a mid-year budget amendment was being developed for a later agenda, with discussion of applying available funds to accrued interest and principal. No procurement contract or vendor award was identified.