New Glenpool Station Approved at $3.5 Million

Glenpool took a step toward funding the cost of a new central fire station during a recent meeting of the City of Glenpool’s council.
Outstanding bonds will be restructured to increase and extend the city’s debt up to a ceiling of $6.5 million. This will combine outstanding revenue bonds of $2.7 million incurred May 1, 2001, with a new $3.5 million debt to build the new station.
According to City Manager Ed Tinker, the city hopes to get a 30-year fixed rate of 4.6-4.7 percent financing, depending on the bond market at the time the indebtedness is incurred.

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