Bond Transparency Act of 2017
Evidence of Indebtedness Form
Date of Posting: November 4th, 2021
Name of City: City of Moore, Oklahoma
Address: 301 N Broadway
Moore, Oklahoma 73160
Date of New Bond Election: November 9th, 2021
Amount of New Bond Election: $16,850,000
Projects to be completed with New Bond Election Proceeds:
Proposition No. 1
|
Project |
Cost |
|
|---|---|---|
|
1. |
Resurfacing of Kelsi Drive between SE 5th Street and SE 11th Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$1,707,275 |
|
2. |
Resurfacing of Timber Creek Way between SE 38th Street and SE 41st Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$596,500 |
|
3. |
Resurfacing of Nottingham Way between NW 27th Street and NW 23rd Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$1,320,838 |
|
4. |
Resurfacing of Hillcrest Drive between Cass Avenue and NW 27th Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$1,274,118 |
|
5. |
Resurfacing of West Main Street between Norman Avenue and Markwell Avenue, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$889,588 |
| 6. |
Resurfacing of SW 27th Street between I-35 Service Road and the end of the Cul-de-Sac, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$1,085,250 |
| 7. |
Resurfacing of Classen Avenue between SW 4th Street and north of SW 3rd Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$576,931 |
| 8. |
Engineering and design expenditures pertaining to the resurfacing and widening of Broadway Avenue from two to five lane roadway with turn lanes between South 19th Street and Willow Pine Avenue, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$471,500 |
| 9. |
Engineering and design expenditures pertaining to the resurfacing and widening of Eastern Avenue from two to four lane roadway with turn lanes between SE 19th Street and Broadway Avenue, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$246,500 |
| 10. |
Engineering and design expenditures pertaining to the resurfacing and widening of Telephone Road from four to five lane roadway with turn lanes between SW 19th Street and SW 34th Street, including necessary curb and guttering, storm drainage improvements, sidewalks, streetscape and water line replacement |
$471,500 |
|
Total Proposition No. 1 |
$8,640,000 |
Proposition No. 2
|
Project |
Cost |
|
|---|---|---|
|
1. |
Construction and equipping of a new Animal Shelter to be located at 3500 South Service Road, Moore, Oklahoma |
$8,210,000 |
|
Total Proposition No. 2 |
$8,210,000 |
Description of Unpaid/Unfinished Bonds Previously Approved by Voters of the Jurisdiction
As of November 5, 2021 City of Moore, Oklahoma, has the following bond debt outstanding:
| Bond Series | Original Issue | Maturities | Current Balance | ||||
|---|---|---|---|---|---|---|---|
| Date | Amount | CD Filing Date1 | Election Date | Date | Amount | ||
| General Obligation Bonds of 2013B | 3/1/2013 | $6,325,000 | 240 Days after Fiscal Year | 11/6/2012 | 3/1/2022 | $575,000 | $2,300,000 |
| 3/1/2023 | $575,000 | ||||||
| 3/1/2024 | $575,000 | ||||||
| 3/1/2025 | $575,000 | ||||||
| General Obligation Bonds of 2014 | 1/1/2014 | $9,075,000 | 240 Days after Fiscal Year | 11/6/2012 | 1/1/2022 | $825,000 | $4,125,000 |
| 1/1/2023 | $825,000 | ||||||
| 1/1/2024 | $825,000 | ||||||
| 1/1/2025 | $825,000 | ||||||
| 1/1/2026 | $825,000 | ||||||
| General Obligation Bonds of 2015 | 3/1/2015 | $4,125,000 | 240 Days after Fiscal Year | 11/6/2012 | 1/1/2022 | $375,000 | $2,250,000 |
| 1/1/2023 | $375,000 | ||||||
| 1/1/2024 | $375,000 | ||||||
| 1/1/2025 | $375,000 | ||||||
| 1/1/2026 | $375,000 | ||||||
| 1/1/2027 | $375,000 | ||||||
| General Obligation Bonds of 2015B | 7/1/2015 | $5,875,000 | 240 Days after Fiscal Year | 11/4/2014 | 7/1/2022 | $535,000 | $3,210,000 |
| 7/1/2023 | $535,000 | ||||||
| 7/1/2024 | $535,000 | ||||||
| 7/1/2025 | $535,000 | ||||||
| 7/1/2026 | $535,000 | ||||||
| 7/1/2027 | $535,000 | ||||||
| General Obligation Bonds of 2016 | 2/1/2016 | $2,805,000 | 240 Days after Fiscal Year | 11/6/2012 | 2/1/2022 | $255,000 | $1,785,000 |
| 2/1/2023 | $255,000 | ||||||
| 2/1/2024 | $255,000 | ||||||
| 2/1/2025 | $255,000 | ||||||
| 2/1/2026 | $255,000 | ||||||
| 2/1/2027 | $255,000 | ||||||
| 2/1/2028 | $255,000 | ||||||
| General Obligation Bonds of 2016B | 10/1/2016 | $5,000,000 | 240 Days after Fiscal Year | 11/4/2014 | 10/1/2022 | $450,000 | $3,200,000 |
| 10/1/2023 | $450,000 | ||||||
| 10/1/2024 | $450,000 | ||||||
| 10/1/2025 | $450,000 | ||||||
| 10/1/2026 | $450,000 | ||||||
| 10/1/2027 | $450,000 | ||||||
| 10/1/2028 | $500,000 | ||||||
| General Obligation Bonds 2017 | 3/1/2017 | $2,770,000 | 240 Days after Fiscal Year | 11/6/2012 | 2/1/2022 | $250,000 | $2,020,000 |
| 2/1/2023 | $250,000 | ||||||
| 2/1/2024 | $250,000 | ||||||
| 2/1/2025 | $250,000 | ||||||
| 2/1/2026 | $250,000 | ||||||
| 2/1/2027 | $250,000 | ||||||
| 2/1/2028 | $250,000 | ||||||
| 2/1/2029 | $270,000 | ||||||
| General Obligation Bonds 2019 | 1/1/2019 | $8,550,000 | 240 Days after Fiscal Year | 6/26/2018 | 1/1/2022 | $950,000 | $7,600,000 |
| 1/1/2023 | $950,000 | ||||||
| 1/1/2024 | $950,000 | ||||||
| 1/1/2025 | $950,000 | ||||||
| 1/1/2026 | $950,000 | ||||||
| 1/1/2027 | $950,000 | ||||||
| 1/1/2028 | $950,000 | ||||||
| 1/1/2029 | $950,000 | ||||||
| General Obligation Bonds 2020 | 4/1/2020 | $2,100,000 | 240 Days after Fiscal Year | 6/26/2018 | 4/1/2022 | $2,100,000 | $2,100,000 |
| General Obligation Bonds 2021 | 3/1/2021 | $18,900,000 | 240 Days after Fiscal Year | 6/26/2018 | 3/1/2023 | $2,100,000 | $18,900,000 |
| 3/1/2024 | $2,100,000 | ||||||
| 3/1/2025 | $2,100,000 | ||||||
| 3/1/2026 | $2,100,000 | ||||||
| 3/1/2027 | $2,100,000 | ||||||
| 3/1/2028 | $2,100,000 | ||||||
| 3/1/2029 | $2,100,000 | ||||||
| 3/1/2030 | $2,100,000 | ||||||
| 3/1/2031 | $2,100,000 | ||||||
| Total Bonds Outstanding | $47,490,000 | ||||||
Detailed Description of the Use of Previous Bond Proceeds
Election on 11/6/2012
Authorized the City to issue $25,100,000 in general obligation bonds for the purpose of acquiring, constructing and equipping various parks and recreational facilities within the City.
- $6,325,000 General Obligation Bonds of 2013 dated March 1, 2013
- $2,300,000 outstanding, maturing 3/1/2022 and 3/1/2025 - $9,075,000 General Obligation Bonds of 2014 dated January 1, 2014
- $4,125,000 outstanding, maturing 1/1/2022 through 1/1/2026 - $4,125,000 General Obligation Bonds of 2015 dated March 1, 2015
- 2,250,000 outstanding, maturing 1/1/2022 through 1/1/2027 - $2,805,000 General Obligation Bonds of 2016 dated February 1, 2016
- $1,785,000 outstanding, maturing 2/1/2022 through 2/1/2028 - $2,770,000 General Obligation Bonds of 2017 dated March 1, 2017
- $2,020,000 outstanding, maturing 7/1/2022 through 3/1/2029
Election on 11/4/2014
Authorized the City to issue $15,000,000 in general obligation bonds for the purpose of acquiring, constructing and equipping an overpass bridge at the intersection of I-35 and South 34th Street.
- $5,875,000 General Obligation Bonds of 2015B dated July 1, 2015
- $3,210,000 outstanding, maturing 7/1/2022 through 7/1/2027 - $5,000,000 General Obligation Bonds of 2016 dated October 1, 2016
- $3,200,000 outstanding, maturing 10/1/2022 through 10/1/2028
Election on 6/26/2018
Authorized the City to issue $46,190,000 in general obligation bonds for the purpose of constructing, reconstructing, improving or repairing streets or bridges and drainage channels within the City.
Proposition No. 1
|
Project |
Cost |
|---|---|
|
Constructing and equipping an underpass for the BNSF railroad tracks east of the intersection of South 4th Street and Broadway Street, including the acquisition of right-of-way, project engineering, inspections, related utility expenses, contingencies and other associated project costs. |
$27,860,000 |
|
Resurfacing of existing four lane roadway of NE 12th Street between Eastern Avenue and Interstate 35, including necessary curb and guttering and storm drainage improvements, sidewalks and streetscape. |
$3,930,000 |
|
Resurfacing and widening of 34th Street from two to four lane roadway between Telephone Road and Santa Fe Avenue, including necessary curb and guttering and storm drainage improvements, sidewalks and streetscape. |
$4,380,000 |
|
Resurfacing of existing four lane roadway of Eastern Avenue between NE 12th Street and SE 4th Street, including necessary curb and guttering and storm drainage improvements, sidewalks and streetscape. |
$3,425,000 |
|
Resurfacing of existing four lane roadway of Eastern Avenue between SE 4th Street and SE 19th Street including necessary curb and guttering and storm drainage improvements, sidewalks and streetscape. |
$3,455,000 |
|
Total Proposition No. 1 |
$43,050,000 |
Proposition No. 2
|
Project |
Cost |
|---|---|
|
Reconstruction and/or replacement of concrete drainage channel located between NW 12th Street and NW 5th Street. |
$1,695,000 |
|
Reconstruction and/or replacement of existing concrete drainage channel located between NW 5th Street and SW 4th Street. |
$1,445,000 |
|
Total Proposition No. 2 |
$3,140,000 |
-
$8,550,000 General Obligation Bonds of 2019 dated January 1, 2019
- $7,600,000 outstanding, maturing 1/1/2022 through 10/1/2029 -
$2,100,000 General Obligation Bonds of 2020 dated April 1, 2020
- $2,100,000 outstanding, maturing 4/1/2022 -
$18,900,000 General Obligation Bonds of 2020 dated March 1, 2021
- $18,900,000 outstanding, maturing 3/1/2023 through 10/1/2031