Claremore Daily Progress

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March 6, 2013

REFI: Claremore to save $3.6M

(Continued)

CLAREMORE —

After much discussion it was determined that the bonds paid for utility substations and other capital improvements, as well as the refinance of other past expenses.
When something like this takes a super majority to pass, the council needs several weeks to grasp the details, according to Watson.
“This is day 100 for me and it has been a great experience. Ron and I have met with bond council and we are confident. You have to have faith in the people that we have hired to review this. As we go forward we need to do a better job of giving you a little more detail,” Thomas said. 
“Councilor Bill Flanagan, CPA, has reviewed everything in these documents,” Kolker said.
“The finance committee that Bill chairs met on this,” Mayor Mickey Perry said.
“The economy is pushing this,” Councilor Don Purkey asked.
“Yes, there is not a better time to do this,” Kolker said.
“Is it safe to say that the finance committee recommended this,” Perry asked.
Kokler explained that it had been thoroughly reviewed. 
The council unanimously approved the measure, excluding Councilor Buddy Robertson, who was not present for the meeting.

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