District approves resolution for $63 million bond sale following February election

Edmond Public Schools (EPS) has taken a significant step forward in funding its educational initiatives by approving the sale of $63 million in general obligation bonds during the EPS Board Meeting on June 3, 2025. This decision marks the final phase of funding from a bond election held in February 2024, aimed at enhancing school facilities and resources across the district.

The board's resolution authorizes the sale of the bonds, which will be issued in four installments of $15.75 million over the next four years. This structured approach aligns with state levy laws, ensuring that the district can manage its financial obligations efficiently while minimizing the impact on taxpayers. The bond sale process is set to begin, with bids due on July 10, 2025, and a presentation of the bids scheduled for the same evening.

Zach Robinson, the district's bond advisor from BOK, expressed optimism about the current bond market conditions, noting that rates have stabilized recently. The district previously secured a favorable rate of approximately 2.99% during the last bond sale, and while current rates are slightly higher, they remain below earlier estimates for this series.

In addition to the bond approval, the board also considered awarding a bid for site work at Edmond Santa Fe's Freshman Academy. The bid, amounting to $1,552,958, will be funded through the same bond resources, further supporting the district's commitment to improving educational infrastructure.

These decisions reflect EPS's ongoing efforts to enhance the quality of education and facilities for its students, ensuring that the community's investment in education yields tangible benefits in the years to come. As the district moves forward with these initiatives, stakeholders can anticipate continued improvements in the educational landscape of Edmond.