[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6482147,"mediaKeyId","5713879-cef984d5519a1e18569676d582294579","parentId",5713879,"title","Council approves resolution to enable Arena Authority bond sale; principal increased, new purchaser lined up","audioSeconds",370,"startMs",402000,"endMs",772000,"viewUrl","/Search/View?dp=1&key=5713879-cef984d5519a1e18569676d582294579&start=402&end=772","thumbnailUrl","https://assets.pipeline.soar.com/5713879-cef984d5519a1e18569676d582294579/thumbnail_402000.jpg","articleUrl","/articles/6482147/Alva/Woods-County/Oklahoma/Council-approves-resolution-to-enable-Arena-Authority-bond-sale-principal-increased-new-purchaser-lined-up","mediaUrl","https://secure.pipeline.soar.com/6482147-5e9d7b0b41f99d25cb699f4eba0fa67a/orig.mp4?Expires=1771004707&Signature=NjJ~IBAS-g-gy7UC-XpGnaKD~1icdvGdHquzTYAWXE3i8GLOTGhzpgFuPRImIuYJnKjvdEzrOfPMIm0DdDmxOFDeo0lasrUb-hCQo5evLT4fQ5aCK3K-ST8m93aUV1BZMyqt6DdHiUknr1QA1MtLzme7KbQNo0cmLgVBzWQSn4iwO4f6NofIA51lVIbnbf2aI6GZERZroyVeoA6GuOuYl3nV6GmX0ZRUGN1iav0sH0llmXZX8VJ6AtWuEyDhq~KOiWiZHiSv0GN7OpqVqKXgoEhsxEQoQyPBAiZGGpoVqpz64PE6zMODMA2A2JGFwjGdHSrEH1zVgrAshTooTTN0Ew__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Alva","date","2025-09-04T02:30:25Z","article","The Alva City Council approved Resolution 2025-013 to ratify action by the Arena Authority authorizing issuance, sale and delivery of tax apportionment bonds, a related security agreement for tax increment revenues, and to waive competitive bidding and authorize sale at a discount.

Bond counsel Bode Bachelor told the council the request mirrors action the council took on June 16 but was necessary again because the initial purchaser, Axos Bank, withdrew after the June meeting. The placement agent subsequently found a different buyer, identified in the meeting as a rural water finance agency, which is set to purchase the bonds on Sept. 9. Counsel said the arena authority approved final documents and pricing and that city approval was required by statute to proceed with the sale.

Counsel said the principal amount of the bond issue has increased roughly 10% since June. That increase includes three primary elements: livestock handling equipment for the arena, solar equipment that may provide some or all of the arena’s power, and additional costs tied to the rural water finance agency purchasing the bonds. Counsel also said the Charles Warren shared trust provides primary credit support in the financing; the TIF district’s incremental tax revenues are the security tied to the city’s limited link to the bonds.

City staff and bond counsel emphasized the city has no direct obligation to repay the bonds. Counsel explained that if the arena authority were to fail, ownership could revert to the city and county jointly, which is why the council’s approval and statutorily required vote count were necessary. The council’s roll-call vote was recorded as Adair: Yes; Bowman: Yes; Farris: Yes; Parsons: Yes; Waller: Yes; Hart: Yes; Hoffman: Yes. The resolution passed by unanimous vote.

The council’s approval authorizes the Arena Authority to complete the bond sale and related security agreements. Details reported during the meeting: the sale closing is scheduled for Sept. 9; the initial purchaser (Axos Bank) withdrew; the placement agent located a rural water finance agency as buyer; the bond proceeds were expanded to fund livestock handling equipment, solar equipment, and related issuance costs. Counsel and staff answered questions about the financing but did not provide a final principal dollar amount in the transcript.

The council adjourned after the vote.","mediaType","Video","parentTitle","Alva City Council September 3, 2025","oneSentenceSummary","The Alva City Council approved Resolution 2025-013 to authorize arena-authority bond financing tied to a TIF district; bond principal rose about 10% since June to add livestock handling and solar equipment, and a rural water finance agency will purchase the bonds after an earlier buyer withdrew.","taxTitle","Alva, Woods County, Oklahoma","taxId",70730,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6482151,"City approves MOU, easement to clarify ownership and use of Girl Scout hut in Hatfield Park",310,13000,323000,"/Search/View?dp=1&key=5713879-cef984d5519a1e18569676d582294579&start=13&end=323","https://assets.pipeline.soar.com/5713879-cef984d5519a1e18569676d582294579/thumbnail_13000.jpg","/articles/6482151/Alva/Woods-County/Oklahoma/City-approves-MOU-easement-to-clarify-ownership-and-use-of-Girl-Scout-hut-in-Hatfield-Park","https://secure.pipeline.soar.com/6482151-f977a53555069ce0c7ca036c115e22d5/orig.mp4?Expires=1771004707&Signature=CVWgfUf8M~HQziSL3JWxYaYYMUl5MBKNfnvmc1nPLJ1wSHM7V4AD0U8sa6tS5vDk4c0gg6ETy-o5mmGd-1Btgn2ioYzxfIl1pXiasRQucHRyMWxGG5PQjTBJGxNXtFthVZEiK-HaZRCXgNh5-x2311MesU8c2N2XnjN~rHOsk~8o3h5sQCjraDE1x7Q5o9nqfoANOjgvUKF3V0UdSiiG4e~N8zNZxuxCx-j4B7h13He~snmQ7A4b6bcJwIAdOy0QcNSz~t~Lj6mgS7XjtQmhaaP5FYaiyFQkjF4iHp~a0PF5WQrL5lqDAftlmD9GGGUaligAWha9FHgEOWTgyM1-tw__&Key-Pair-Id=KUT5TJCACFTXG","The Alva City Council unanimously approved Resolution 2025-012 to enter an amended and restated memorandum of understanding and grant a use easement between the City of Alva, Alva Friends of Play Foundation and the Girl Scouts of Western Oklahoma for the property known as the Girl Scout hut in Hatfield Park.

City staff told the council that records indicate the building itself is owned by the Girl Scouts of Western Oklahoma and sits on city-owned land. Amber, representing the Girl Scouts of Western Oklahoma, and city staff described a 1947 council record showing the Girl Scouts purchased the hut and a later memorandum of understanding recorded in February 2013 that already addressed use of the site. The resolution formalizes current practice and adds an easement for parking and occasional encampment use near the hut.

The memorandum also reflects an anticipated change in operational control: the Girl Scouts plan to transfer the hut to the Alva Friends of Play Foundation, a local 501(c)(3), which will take responsibility for planned renovations. City staff said the amended MOU and easement are intended to remove uncertainty about ownership so fundraising and renovation work can proceed without the city asserting ownership of the building.

City staff described the easement language as consistent with long-standing local practice. The easement grants use of the parking area in front of the hut and permission to use a cleared area south and west of the hut up to the fire pit for overnight encampments when needed. Staff clarified that the underlying ground remains city property and that any structural restrictions or deed limitations on the building will remain in place as part of the record.

Councilmember (name on record) moved to approve the resolution; the roll call vote was recorded as Parsons: Yes; Hoffman: Yes; Clark: Yes; Swallow: Yes; Bowman: Yes; Farris: Yes; Adair: Yes. The motion passed unanimously. Council members and staff closed the item by wishing the group luck with renovations.

The action records the city’s understanding that it holds the land while the Girl Scouts (and, after transfer, Alva Friends of Play Foundation) retain ownership of the hut itself, and it authorizes the city business manager and/or mayor to execute documents needed to implement the MOU and easement.","The Alva City Council approved Resolution 2025-012 to enter an amended and restated memorandum of understanding and grant a use easement covering the Girl Scout hut in Hatfield Park, clarifying ownership so renovations can proceed and authorizing city signatories.","actionData","errors"]

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Council approves resolution to enable Arena Authority bond sale; principal increased, new purchaser lined up

City approves MOU, easement to clarify ownership and use of Girl Scout hut in Hatfield Park