District news ➤ Article 17120
Thumbnail Image for Article 17120Bond Tranparency
Posted Date: 01/03/2018

In accordance with the Bond Transparency Act, this document includes a description of the proposed bond projects as well as a description of both unpaid/unfinished bonds previously approved by voters and a the use of previous proceeds.

 

INFORMATION REQUIRED BY THE BOND TRANSPARENCY ACT OF 2017

Independent School District No. 4, Seminole County, Oklahoma (Konawa Public Schools)
In accordance with the Bond Transparency Act of 2017, please see the information below:

Date of Posting: 01/03/2018

Description of Proposed Bond Projects voting on 13th day of February, 2018:

PROPOSITION NO. 1

to acquire technology equipment, education curriculum and texbooks district-wide, as needed    $175,000.00

to perform security improvements district-wide to include, but not be limited to: security equipment/communication systems and secure entrances    $100,000.00

to acquire and install flooring at the Elementary     $110,000.00

to replace the lower seating at the Gymnasium         $275,000.00

to acquire school owned vehicle(s)    $50,000.00

to extend the bus barn to accommodate higher capacity seating busses    $25,000.00

to acquire an ag trailer    $25,000.00

to acquire maintenance equipment to include, but not be limited to: tractor with front loader and backhoe attachment    $40,000.00

    TOTAL:    $800,000.00

PROPOSITION NO. 2

to acquire vehicles for pupil transportation     $700,000.00

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

As of the 13th day of February, 2018, Independent School District No. 4, Seminole County, Oklahoma, has 1 General Obligation bond issue(s) outstanding:

$1,485,000 Building Bonds of 2014, dated July 1, 2014 ($770,000 in principal outstanding as of the 13th day of February, 2018).

Detailed Description of the Use of Previous Bond Proceeds:

Projects/improvements performed at 701 W. South Street, Konawa, Oklahoma.

Repair the roof and HVAC at the Elementary School                 $800,000.00

 

Repair the roof at the Performing Arts Center               $300,000.00

 

Repair the roof at the Administration Office                 $65,000.00

 

Perform security improvements to include, but not be limited to: construct a secure corridor between the elementary buildings and acquire and install security equipment                $90,000.00

 

Perform improvements to gymnasiums to include, but not be limited to:  roofs, doors and windows        $90,000.00

 

Acquire and install technology equipment district-wide, as needed          $140,000.00

                TOTAL: $1,485,000.00