Mid-Del School District voters will consider $90.5 million bond issue

Residents in the Midwest City-Del City School District will go to the polls Sept. 13 to vote on a new $90.5 million school bond issue that calls for two new elementary schools and upgrades to every school or facility in the district.
BY TRICIA PEMBERTON tpemberton@opubco.com Published: July 13, 2011
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East Side will absorb all of Traub Elementary School and some Sooner Rose Elementary School students when those schools close. Del City Elementary School will get the majority of Sooner Rose students.

The board in April sold Traub and Sooner Rose but is leasing the buildings back from the purchasers for three and four years, respectively.

Twidwell explained that at Soldier Creek, on the corner of SE 15 and Douglas Boulevard, traffic congestion and safety concerns prompted administrators to request a new building be built farther back on the property. She also cited deterioration of the school, which was built in 1944.

Classroom and restroom remodeling or expansion, heating and air upgrades, flooring, roofing, security enhancements, lighting and athletic facility upgrades are among the projects being requested at other schools.

The bond issue also calls for almost $2.9 million for districtwide information technology upgrades and $1.1 million for management and support contracts and bond fees.

The bond financing structure is different from the bond requested in December. This bond issue will mature in a series of eight five-year general-obligation bonds, with an interest rate that will not exceed 10 percent.

The previous issue would have been lease-revenue bonds, which allow school districts to borrow larger sums of money for longer terms at higher interest rates.

The length of this bond payout will be 7.5 years. The previous bond payout would have been 16 years.

For a list of all bond projects, go to www.mid-del.net.