Oklahoma City Water Utilities Trust - 8-18-2026

The Oklahoma City Water Utilities Trust held a meeting on August 18, 2026, focusing heavily on procurement and capital improvement projects. The trustees approved a large consent docket that included numerous contract awards, amendments, and change orders. A resolution was passed to establish a dedicated escrow account for litigation proceeds related to a class action lawsuit concerning water utilities, with funds earmarked for projects such as the central laboratory that handles regulatory testing. The meeting also covered the authorization for issuing utility system revenue refunding and improvement bonds to support ongoing and upcoming capital projects, including the Atoka pipeline and wastewater treatment plant upgrades. Financial advisors presented updates on the capital improvement program (CIP), highlighting a multi-billion dollar spending plan over the next decade, and discussed funding strategies involving commercial paper and long-term bond sales. The trustees approved motions to proceed with bond issuance preparations and related procurement activities to ensure continued funding for critical infrastructure projects.