OKLAHOMA CITY, OKLAHOMA Any Offers
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This Preliminary Official Statement and the information contained herein are subject to completion or amendment without notice. These securities may not be sold nor may offers to buy be accepted prior to the time the Official Statement is delivered in final form. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. principal, premium, ifany, and interest on the Series 2016Bonds receive physical delivery ofbondcertificates. ownership beneficial of andpurchasers form, book-entry-only in topurchasers available be will interests ownership Beneficial 201 Series the for depository as act securities will (“DTC”),which New York York, New Company, Trust The Depository of nominee on MarchSeptember 1and 1,beginning March 1,2017. The Series systems, parks and recreational facilities, fire facilities, po Tax-Exempt Series2016Bond proceeds willbe used to finance c the 2016 Bonds, including transfer procedures, maybe found under system book-entry-only the regarding information Further herein. described asfurther owners beneficial such of nominees other Transfer ofsuchpaymen or itsnominee. multiple thereof. Principal ispayable a (the “City”). The Series 2016 Bonds willbe Series 2016 (the “Taxable Series 2016 Bonds”, collectively, the “Series 2016 Bonds”) arebeing issued by the City of Oklahoma C Series “Tax-Exempt (the 2016 Bonds,Series Obligation General The Taxable Series 2016 Bondproceedswillbe thereto. andamendatory supplementary Oklahoma of State the of laws and Constitution, Oklahoma the other monies available for such purpose. service public and personal, real, including City, the within property taxable all on or amount, rate asto limitation without Bonds. The Tax-Exempt Series 2016Bonds willconstitute validge Dated: March 1, 2016 Dated: March 1, Dated: March__,2016 P. &Bullard, Box,Forshee Williams, Finance LawGroupPLLCand The Series2016 Bonds areofferedforsaleto the originalpurchaser essential Official Statement toobtaininformation This coverpagecontainsinformat InterestTAX. theTaxable Series2016Bondsisexempt on from TAXABLE SERIES2016 BONDS –INTERESTTHETAXABL ON Oklahoma Series 2016Bondsisexemptfrom The interest the on without including, to corporations, respect with beimposed may that taxes ofcertain computation the in account into be taken und alternative minimumtaxableincomeimposed income ofFederal thereof inthecomputation SERIES 2016 BONDSTAX-EXEMPT -IntheopinionofCo-BondCoun BOOK-ENTRY-ONLY ISSUE: NEW 29,2016 March DATE: SALE expected that the Series 2016 Bonds will be avai Series 2016Bondswill expected thatthe upon fo passed be will matters legal Certain Oklahoma. of State March 1,2026,and thereafter asdescribed herein. 2027, and thereafter w 1, The Series2016 Bondsonmaturing March homestead exemptions, SUBJECTHOWEVER TOA 5MILL locate property taxable all against levied taxes valorem ad from payable City, the of obligations andgeneral direct constitute the supplementary State the of statutes the and Constitution, Oklahoma the of 35 Section X, Article in contained provisions the Bonds,author 2016 Series Taxable Bonds.The 2016 Series Taxable GENERAL OBLIGATION BONDS, SERIES 2016 SERIES 2016 $77,500,000 $77,500,000 tax under present law and interpretation thereof. In addition, such interest is n is interest such addition, In thereof. andinterpretation law present under tax ion for quick reference notasummary only. quickreference is ion for It CITY OF OKLAHOMA CITY, OKLAHOMA OKLAHOMA CITY, OFOKLAHOMA CITY nnually onMarch 1,beginning March 1,2017. ts to beneficialownersofSeries2016B ts to er the Internal Revenue Code of 1986 (the “Code”). Under the Code, however, inte however, Code, the Under “Code”). (the 1986 of Code Revenue Internal the er The Tax-Exempt Series2016Bonds arebeing i issuedonlyasfullyregistered Bonds, used community foreconomicand As long as DTC or its nomineeisth AslongasDTCor lable for deliveryonoraboutMay17,2016. lable PRELIMINARY OFFICIAL STATEMENT See “Maturity Schedule” InsideCover to the making of an informed investment decision. decision. investment aninformed of making to the income taxation. See the “TAX MATTERS” herein. the “TAX section taxation. See income Oklahoma income taxation. See“TAX section MATTERS” herein. Oklahoma income lice facilities, libraries, and pay theof issuance costs of the pursuant subje to the OfficialNotices ofSalethe City MATURITY SCHEDULE MATURITY r the City by the Office of th the Office City by r the PER YEAR LEVY LIMITATION PERYEARLEVY the headingthe “THESERIES2016BONDS -Book-Entry-Only System”. C., Co-Bond C., Counsel, all of Oklaho will be madeby BOKF,NA,the City’s Paying Agent/Registrar b ized atan election held for that purpose, arebeing issued in neral obligationsof the City and arepayable from advalorem ill be subject toredemptionprior to maturityatthe optiono 2016 Bonds”) and the General Obligation Limited TaxBonds,Ta Limited Obligation General Bonds”)andthe 2016 sel, interestontheSeries2016Bondsthe gros isexcludablefrom 2016 Bonds willbe initially registered in the name of CEDE& onstructionstreets, bridges, of E SERIES 2016BONDS IS SUBJECT TOFEDERALINCOME GENERAL OBLIGATION LIMITEDTAX development purposes andto developmentpurposes onds will be the responsibility of the particip onds willbetheresponsibilityof without coupons, inde without coupons, BONDS, TAXABLESERIES2016 e registered owneroftheSeries 2016 Bonds Interest onSeries 2016 the Bonds ispay e Municipal Counselor, Oklahoma C Counselor, Oklahoma e Municipal ssued in accordance with theprovisions c RATINGS: Moody’s“Aaa(negativeoutlook)” ofthis issue. Investors must read theent ma City, Oklahoma and the Atto the and Oklahoma ma City, Standard Poor’s “AAA(stable & outlook)” AS DISCUSSED HEREIN. ASDISCUSSED traffic control systems,dra $12,000,000 $12,000,000 nominations of$5,000 ot treated as a preference item in calculating incalculating item preference asa ot treated ct to the approval of legality by The Public the approval oflegalitybyThe ct to limitation, the alternative minimum tax. tax. minimum the alternative limitation, Due: As Shown on Inside Cover Cover on Inside Shown As Due: pay the costsofissuance paythe rest on theSeries2016Bondsistorest on (See “CREDIT RATINGS”) RATINGS”) “CREDIT (See Tax-Exempt Series 2016 2016 Series Tax-Exempt ity, Oklahoma. Itis ity, d therein, excepting property, and any andany property, s income of the payee s incomeofthe able semiannually ants of DTCand ants accordance with rney Generalofthe interests will not orany integral reto, and shall ity, Oklahoma forthe Series inage control , payment of f the City onf the ank to DTC ank to taxes levied,taxes ontained in 6 Bonds. 6 Bonds. Co., as of the of xable ire CITY OF OKLAHOMA CITY, OKLAHOMA $77,500,000 GENERAL OBLIGATION BONDS, SERIES 2016 MATURITY SCHEDULE Due Principal Interest Yield or CUSIP Due Principal Interest Yield or CUSIP March 1 Amount Rate Price Number March 1 Amount Rate Price Number 2018 $4,080,000 2028 $4,080,000 2019 4,080,000 2029 4,080,000 2020 4,080,000 2030 4,080,000 2021 4,080,000 2031 4,080,000 2022 4,080,000 2032 4,080,000 2023 4,080,000 2033 4,080,000 2024 4,080,000 2034 4,080,000 2025 4,080,000 2035 4,080,000 2026 4,080,000 2036 4,060,000 2027 4,080,000 (Plus Accrued Interest from March 1, 2016) $12,000,000 GENERAL OBLIGATION LIMITED TAX BONDS, TAXABLE SERIES 2016 MATURITY SCHEDULE Due Principal Interest Yield or CUSIP Due Principal Interest Yield or CUSIP March 1 Amount Rate Price Number March 1 Amount Rate Price Number 2018 $635,000 2028 $635,000 2019 635,000 2029 635,000 2020 635,000 2030 635,000 2021 635,000 2031 635,000 2022 635,000 2032 635,000 2023 635,000 2033 635,000 2024 635,000 2034 635,000 2025 635,000 2035 635,000 2026 635,000 2036 570,000 2027 635,000 (Plus Accrued Interest from March 1, 2016) CUSIP® is a registered trademark of the American Bankers Association. CUSIP data herein provided by CUSIP Global Services, managed by Standard & Poor’s Financial Services LLC on behalf of The American Bankers Association. This information is not intended to create a database and does not serve in any way as a substitute for the CUSIP Services Bureau. CUSIP numbers have been assigned by an independent company not affiliated with the City and are included solely for the convenience of the registered and beneficial owners of the Series 2016 Bonds. No representation is made as to the correctness of the CUSIP numbers on the Series 2016 Bonds or as included herein. The CUSIP number for a specific maturity is subject to being changed after the issuance of the Series 2016 Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Series 2016 Bonds. i CITY OF OKLAHOMA CITY, OKLAHOMA ELECTED OFFICIAL MAYOR Mick Cornett CITY COUNCIL MEMBERS James Greiner Ed Shadid Larry McAtee Pete White David Greenwell Margaret S. “Meg” Salyer John Pettis Jr. Mark K. Stonecipher CITY ADMINISTRATIVE OFFICIALS CITY MANAGER James D. Couch Assistant City Manager Assistant City Manager Laura Johnson M. T. Berry Assistant City Manager Finance Director Dennis Clowers, P.E. Craig Freeman Public Works Director