Voters in the Tulsa suburb of Broken Arrow will vote Aug. 11 on the city's plan to issue $16 million of general obligation bonds to build a public safety complex and a hotel conference center.
Each project will receive $8 million in proceeds if the bond program is approved. The ballot referendum will also include a request to amend the project list from several other bond programs to reflect current conditions.
Voters approved $6.4 million of debt for the conference center in 2005 as part of an overall $64 million bond package, but officials said earlier this year that more money would be required for the effort.
A $38.5 million GO bond issue for parks, streets, public safety and drainage projects was approved by voters in December 2008.
The city's GO bonds are rated A1 by Moody's Investors Service and A-plus by Standard & Poor's. Broken Arrow has $65.4 million of outstanding debt.
