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Bond Information 2019


Posted Date: 07/29/2019

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INFORMATION REQUIRED BY THE BOND TRANSPARENCY ACT OF 2017


Independent School District No. 11, Washita County, Oklahoma (Canute Public Schools)


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


Date of Posting:        July 29, 2019


Description of Proposed Bond Projects voting on 10th day of September, 2019:


PROPOSITION NO. 1


to construct, equip, furnish, and/or acquire a new events center     $12,950,000.00


to acquire vehicle(s) for District use from the proceeds of bonds maturing within five (5) years from their date    $     100,000.00


to renovate a restroom to meet Americans with Disabilites Act (ADA) compliance    $       25,000.00

    TOTAL:    $13,075,000.00


PROPOSITION NO. 2


to acquire vehicle(s) for pupil transportation from the proceeds of bonds maturing within five (5) years from their date     $     630,000.00


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


As of the 10th day of September, 2019, Independent School District No. 11, Washita County, Oklahoma, has 2 General Obligation bond issue(s) outstanding:


$1,850,000 Building Bonds of 2012, dated July 1, 2012 ($645,000 outstanding as of the 10th day of September, 2019); and

$190,000 Building Bonds of 2014, dated March 1, 2014 ($90,000 outstanding in principal as of the 10th day of September, 2019).


Detailed Description of the Use of Previous Bond Proceeds:


2012 Issue

Construct, furnish, equip, and/or acquire a new classroom addition (216 E. Walk Ave., Canute, Oklahoma) to include, but not be limited to:  general requirements and site improvements, concrete, carpentry, drywall and framing, masonry, doors, door frames and door hardware, windows, glass and glazing, flooring, roofing and waterproofing, acoustical ceiling tiles, HVAC, painting, specialties, fire protection, metal building structure, and plumbing fixtures    $1,850,000.00


2014 Issue

Construct, furnish, equip, and/or acquire a new classroom addition (216 E. Walk Ave., Canute, Oklahoma) to include, but not be limited to:  electrical panels and sub panels, and electrical fixtures    $   190,000.00