Edmond Life and Leisure - August 29, 2024

List of projects city wishes to address with bond funds

During its Aug. 12, 2024, meeting, City Council received recommendations from the General Obligation Bond Task Force and voted separately to approve three items to be placed on the ballot for a special election Nov. 5, 2024. If approved by voters, this will be the first GO bond program for the City of Edmond.

The 25-member limited duration Task force, established by City Council in May, recommended a list of 22 projects funded by a 10year 15-mill levy, which would generate a projected $231 million.

The project list represents a combination of the following categories: 64 percent for street and bridge improvements, 31 percent for park and recreational facility improvements and 5 percent for investment in firefighting facilities. More about the projects and the Task Force – including video of the four meetings it held – is available at www.edmondok.gov/GOBond.

General obligation bonds are municipal bonds that allow state and local governments to raise money for projects that may not generate a revenue stream directly. GO Bonds are not backed by a specific revenue-producing project or asset.