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Edmond council approves special election for up to $231 million in general obligation bonds

Edmond City Council & Public Works Authority · August 12, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Edmond City Council voted Aug. 12 to place three general obligation bond propositions on the Nov. 5, 2024 ballot, following a task force recommendation for a 15-mill levy over 10 years and a prioritized project list for streets, parks and fire facilities.

The Edmond City Council voted Aug. 12 to call a special election on Nov. 5, 2024, to ask voters to approve up to $231 million in general obligation bonds divided into three propositions for streets and bridges, parks and recreation, and fire facilities and equipment.

The vote followed a multiweek effort by a 25-member geo bond task force that recommended a target mill levy of 15 mills enacted over a 10-year period. Task force chair Todd McKinnis said the figure was grounded in discussion about household impacts and the practical need to fund a sizable, deliverable program: "The result was the idea of a target mill levy of 15 mills over a span of…

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