EDMOND — Edmond voters will go to the polls in December to decide a nearly $36.3 million bond issue. Edmond School Board members Monday night scheduled a Dec. 9 election.
Chris Cochran of Capital West Securities, the district’s bond company, said the district will sell the bonds in two portions so that taxes should not increase.
Cochran said if the national financial situation improves, the first round will be sold in March and the second will follow after July 1.
Board members asked Cochran if they should wait to have the election, but he said they could probably still have the election and just wait to issue bonds if necessary.
Cochran said the financial picture could improve after the first of the year.
"In the past 20 years, I’ve never had to cancel an election,” Cochran said. "Right now if we were issuing bonds I would be telling you we need to postpone.”
If the issue passes, the items it will pay for include heat and air-conditioning improvements, security systems and classroom renovations and additions at several schools.