Calling Special Election

Calling Special Election - Renovation of Mark Price Arena & Const. of Event Center(PDF, 204KB)

Document Key Points:

  • Purpose of Election: To decide on issuing bonds not exceeding $20,000,000 for economic and community development in Enid, Oklahoma.
  • Projects Included: Renovation of Mark Price Arena & Convention Hall and construction of a new Enid Event Center, along with related improvements.
  • Election Date: August 24, 2010
  • Tax Limitation:  The special tax for alol bonds issued under Section 35, Article 10 of the Oklahoma Constitution, will not exceed five mills on the dollar.
  • Bond Interest Rate Limit: Bonds will bear interest at a rate not exceeding ten percent (10%) per annum, payable semi-annually.
  • Bond Maturity: Bonds will become due serially within twenty (20) years from their date.
  • Authority for Issuance: The City is authorized by Section 35, Article 10 of the Oklahoma Constitution and state laws to issue bonds for these purposes, provided voters approve.
  • Approval for Resolution: The resolution authorizing the special election was passed and approved on June 15, 2015.
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