The Edmond Sun

Local News

February 19, 2013

Edmond school board issues $26.56M bonds for sale

Underwood sworn in for third term as board president

EDMOND — Jamie Underwood was sworn in Tuesday morning for her third five-year term as the board of education member from District No. 3 in a special meeting of the Edmond School Board.

The board voted unanimously for Underwood to remain as president and for Kemp Cole to remain as vice president for the next year.

Normally the presidency would have rotated to George Cohlmia who will be serving his fifth year as board member, but last year when the board reorganized he gave up his position as vice president because he felt a board member should serve as president his or her fourth term rather than the fifth year when they are up for re-election.

“It was my turn traditionally to serve as president,” Cole said, “but Jamie Underwood had done such a good job this past year that I wanted her to remain as president. The board has been working together harmoniously, and I will remain as vice president. We have a diverse team coming together and working well for the district.”

Traditionally the person that had served vice president served as president his or her fifth year on the board.

“You need someone who is experienced and understands how things work,” Cole said. “I have been on the board eight years and I am proud to serve as vice president to Jamie and look forward to making the district move forward and be the best it can be.”

Underwood said this decision was made for this year only.

“Next year when it is time to reorganize the board we will take another look at it,” Underwood said. “I appreciate the confidence and support my fellow board members have placed in me.”

In other business, investment Banker Zack Robinson, assistant vice president of BOK Financial Corporation, presented information on the $80 million bond issue passed by residents during the Feb. 12 election. Information included the amount of issuance for maturity each year and fixing the time and date the bonds are to be sold.

The issuance of $78.21 million of bonds to provide funds for the purpose of improving or acquiring school sites, constructing, repairing, remodeling and equipping school buildings and acquiring school furniture, fixtures and equipment (Proposition No. 1), by the Edmond School District and the issuance of $1.79 million of bonds to provide funds for the purpose of purchasing transportation equipment (Proposition No. 2) by the school district were authorized by the vote of the people.

The district determined to sell the approved bonds in two separate series and at this time issue $25.67 million of the authorized Building Bonds (Proposition No. 1), and $895,000 of the authorized Transportation Equipment Bonds (Proposition No. 2). The bonds will be known as the $26.56 million General Obligation Combined Purpose Bonds, Series 2013.

The $26.56 million General Obligation Combined Purpose Bonds, will be offered for sale and that the Board of Education will receive bids by sealed bid, facsimile bid, or electronic bid (via PARITY) by 2 p.m. March 25.

Bonds will become due: $6.64 million in two years from their date of issuance and $6.64 million annually each year thereafter until paid.

The bonds will be awarded by the Board of Education at 7:45 a.m. on March 26 during a special board meeting in the Edmond Public School Administrative Center, 1001 W. Danforth and shall be sold to the bidder bidding the lowest rate of interest the bonds shall bear and agreeing to pay par and accrued interest for the bonds.

The resolution passed 5-0.

Text Only
Local News
  • Boston 1 Arcadia man, 80, prepares for 111th marathon

    A year ago, Arcadia resident Tom Briggs was well into the Boston Marathon course when he heard runners nearby talking about an incident up ahead.

    April 19, 2014 3 Photos

  • Anne Josette Hill Police seek teen last seen in Edmond-north OKC area

    The family of a missing teenage girl made a plea to the public Friday to help them find the Casady honors student.

    April 19, 2014 2 Photos

  • 4-19 Calendar

    For information about Edmond senior programs, stop by and pick up a monthly calendar, check out the website at or call 216-7600. Lunch is served at 11:30 a.m. and reservations are needed a day in advance by 11 a.m. For lunch reservations, call 330-6293 from 9 a.m. to 1 p.m.

    April 19, 2014

  • UCO plans Earth Day Fair

    The University of Central Oklahoma invites the community to celebrate sustainability with its Earth Day Fair from 10 a.m. to 6 p.m. April 22 in locations throughout Central’s campus.
    The fair kicks off at 10 a.m. around Broncho Lake with exhibitions from local businesses, state agencies and student organizations. Visitors will have the opportunity to learn about its environmental mission and message.

    April 19, 2014

  • UCO School of Music closes semester with concert series

    The University of Central Oklahoma School of Music will wrap up its instrumental performance season with three concerts featuring Central students April 29 through May 1 at Mitchell Hall Theater located on the UCO campus.    

    April 19, 2014

  • Fine Arts 1 Auction benefits Fine Arts Institute

    The Spring Sampler dinner and auction event April 12 at Oak Tree Country Club benefitted the Fine Arts Institute of Edmond.

    April 18, 2014 4 Photos

  • Kaiser joins Thunder ownership group

    Tulsa businessman George B. Kaiser has been approved by the NBA Board of Governors as a new partner in The Professional Basketball Club LLC, which owns the Oklahoma City Thunder. Thunder Chairman and CEO Clayton I. Bennett made the announcement Friday. Kaiser is purchasing the ownership interest of Tom L. Ward.
    “We are honored to welcome George Kaiser as a member of the ownership group of the Oklahoma City Thunder,” Bennett said. “George is a well-respected and important Oklahoma business leader, as well as one of the state and nation’s top philanthropists. His commitment to successful business and community leadership is in true alignment with that of the Thunder.
    “I also appreciate the commitment and leadership provided by Tom Ward as a member of our ownership group from the beginning,” Bennett added.

    April 18, 2014

  • Literally, books come to life for club

    When some of the women at Touchmark at Coffee Creek got together to form a book club, they didn’t know it would be so much fun and become such an important part of their lives.
    The group of about a dozen residents gets together monthly to not only discuss the assigned novel, memoir or classic, but also to immerse themselves in the setting and culture of the book. There is no limit to their creativity.

    April 18, 2014

  • pink.jpg Local children win Edmond Sun Easter coloring contest

    Two local children were named winners of The Edmond Sun’s Easter coloring contest. At left, Madsion Porter, 4, daughter of Tracy Porter, won a princess Easter basket, which included a tiara, tea set, stuffed bunny rabbit and chocolate rabbit. At right, BriAnna Harbaugh, 9, daughter of Leslie Haubaugh, won a Hello Kitty Easter basket, containing art supplies, a Hello Kitty stuffed animal and a chocolate bunny.  The families also received a three-month subscription to The Edmond Sun. For your own subscription to The Edmond Sun, visit, call 341-2121, or visit 123 S. Broadway.

    April 18, 2014 2 Photos

  • jc_HarveySparks.jpg Pastor seeks congressional seat

    Working in the Congressional 1st District office of Congressman Jim Bridenstine was an eye opener for Harvey Sparks, he said. His analytical exposure to Congress has sparked his drive to run for the Congressional 5th District of Oklahoma, said Sparks, R-Oklahoma City.
    Sparks has been a pastor for the majority of his professional life. Sixteen months ago, he was asked by 1st District Congressman Jim Bridenstine to come work in his Washington, D.C., office. He and his wife, Jennifer, have three daughters and a son, ages 10-3.

    April 18, 2014 1 Photo

Featured Ads
NDN Video
Jabari Parker's Top 5 Plays From Duke Career Kourtney Kardashian Is a Bikini Babe More Manpower Than Ever Expected At 4/20 Rally Debunk'd: Miley Cyrus AIDS, Cheeseburgers Cause Cancer, Military Warning Bill Previewing the NBA playoffs Raw: Orthodox Christians Observe Easter Rite My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday

Do you agree with a state budget proposal that takes some funds away from road and bridge projects to ramp up education funding by $29.85 million per year until schools are receiving $600 million more a year than they are now? In years in which 1 percent revenue growth does not occur in the general fund, the transfer would not take place.

     View Results