Shall The City of Oklahoma City, State of Oklahoma, incur an indebtedness by issuing registered bonds in the sum of Twenty Million One Hundred Sixty Five Thousand Dollars ($20,165,000) to provide funds for the purpose of expanding, renovating, improving, equipping and furnishing the City’s Central Maintenance Facility in the vicinity of SW 15th and Portland and consolidation and relocation of maintenance, storage and operation facilities from City-wide locations to the City’s Central Maintenance Facility, and related demolition and land restoration, to be owned exclusively by said City, to be completed with or without the use of other funds, and levy and collect an annual tax, in addition to all other taxes, upon all the taxable property in said City sufficient to pay the interest on said bonds as it falls due, and also to constitute a sinking fund for the payment of the principal thereof when due, said bonds to bear interest at a rate not to exceed ten percent (10%) per annum, payable semi-annually, and to become due serially within twenty-five years from their date?
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| | A. Expansion, renovation, remodeling, repair and improvement of the City’s Central Maintenance Facility in the vicinity of SW 15th and Portland which may include related design, engineering, site acquisition and preparation, infrastructure, drainage, utilities, roadways, parking, equipment, furnishings, landscaping, irrigation systems and fencing; and, design, engineering, relocation, demolition, site and environmental cleanup, land restoration, and improvements, fencing, drainage and utility improvements, landscaping and irrigation systems at the Citywide locations of existing maintenance, storage and operations facilities which are relocated to the City’s Central Maintenance Facility; and expenses of the bond issue. | $20,165,000 |
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Total: $20,165,000
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