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Bond Transparency Act of 2017

 

 

INFORMATION REQUIRED BY THE BOND TRANSPARENCY ACT OF 2017

 

Independent School District No. 17, Creek County, Oklahoma (Olive Public Schools)

 

In accordance with the Bond Transparency Act of 2017, please see the information below:

 

Date of Posting: __11/29/2022_____________________

 

Description of Proposed Bond Projects voting on 14th day of February, 2023:

 

PROPOSITION NO. 1

 

to perform improvements district wide to include, but not be limited to:  acquire and install entry doors, stage, sprinkler system, playground equipment, digital sign, fencing, and lighting; and general maintenance, as needed                                                                                          $303,000.00

 

to acquire and install technology district wide as needed to include, but not limited to: Smart TV’s and 1-to-1 devices from the proceeds of bonds maturing within five (5) years from their date     $250,000.00

 

to renovate/remodel and/or acquire the softball and baseball fields to include but not be limited to: dugouts, locker rooms, and fencing                                                                                 $215.000.00

 

to acquire athletic uniforms from the proceeds of bonds maturing within five (5) years from their date                                                                                                                                    $32,000.00

 

to acquire school owned vehicle(s) for District use from the proceeds of bonds maturing within five (5) years from their date                                                                                                 $30,000.00

                                               

                                                                                                TOTAL:                               $830,000.00

 

PROPOSITION NO. 2

 

to acquire vehicle(s) for pupil transportation from the proceeds of bonds maturing within five (5) years from their date                                                                                                            $285,000.00

 

Description of Unpaid/Unfinished Bonds Previously Approved by Voters of the Jurisdiction:

 

As of the 14th day of February, 2023, Independent School District No. 17, Creek County, Oklahoma, has 1 General Obligation bond issue(s) outstanding:

 

$635,000 Combined Purpose Bonds of 2018, dated September 1, 2018 ($165,000 outstanding in principal as of the 14th day of February, 2023).

 

Detailed Description of the Use of Previous Bond Proceeds:

 

(Improvements performed at 9352 South 436 West Avenue, Drumright, Oklahoma)

 

to renovate, repair and/or remodel school sites to include but not be limited to; HVAC, water system, lighting and roofing district-wide                                                                                $310,000.00

 

to purchase new textbooks and computers                                                                             $210,000.00

 

to acquire vehicle(s) for pupil transportation                                                                            $115,000.00