City of Eufaula

The City Council convened to discuss and consider the imposition of an excise tax (sales tax) to fund street improvements. Two primary options were presented for consideration: a one percent (1.0%) sales tax and a one-half percent (0.5%) sales tax, both intended for a 15-year period to support street infrastructure and debt service. The Council authorized the calling of a special election for voters to approve or reject these tax ordinances. Additionally, the Council authorized a legal services agreement with The Public Finance Law Group PLLC to provide counsel for the election process.

The meeting included the approval of the treasurer's report, payroll figures for the general fund, and monthly claims. A presentation was provided by Retail Attractions regarding economic development, business recruitment strategies, and an analysis of market data including retail gaps and expenditure potential for the area.

The council discussed and approved several items including payroll figures, a lease agreement for the senior center, a maintenance agreement with the Department of Transportation for traffic signal modifications, public transportation service agreements, and an interlocal agreement for emergency management services. Additionally, the board adopted the fiscal year 2026-2027 budget for various city funds and approved a lease agreement for a community center. A debate took place regarding a proposed sales tax rebate agreement with Tractor Supply Company, involving considerations about economic impact on local businesses and city growth strategies.

This document provides a comprehensive overview and strategic objectives for the City of Eufaula's General Obligation bond program for street infrastructure projects. Key strategic objectives include maximizing upfront funding, preserving future borrowing capacity, and ensuring transparent communication regarding tax impacts. The program outlines the mechanics of G.O. bonds, details a proposed issuance schedule from 2027 to 2039 with target mill levies, analyzes valuation trends, and compares the city's proposed tax burden regionally, with financial projections extending to 2058.

The board discussed several items across various authorities including the approval of payroll figures, claims, and committee appointments. The agenda included the nomination and election of trustees for the Oklahoma Municipal Assurance Group, the appointment of an Eufaula representative to the Eastern Oklahoma Library System Board of Trustees, and the appointment of the Fire Chief as the representative for the McIntosh County 911 Trust Authority. A Memorandum of Agreement was reviewed for dispatch services between the City of Eufaula, McIntosh County, and the City of Checotah. Additionally, the meeting addressed public hearings for the Fiscal Year 2026-2027 budgets for the City of Eufaula, the Eufaula Public Works Authority, and the Eufaula Economic Development Authority, alongside a presentation from Work Ready Oklahoma.