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With the upcoming bond issue announcement, there have been several questions regarding this bond issue as well as bond issues in general. Below are some of these questions and answers. Please feel free to contact Mike Payne @ 918-266-7227 or mpayne@vps.k12.ok.us, for more information or other questions.
Frequently Asked Questions:
Q. What is a series bond?
A. When the total amount of bonds proposed exceeds the District’s bonding capacity, a series bond allows the District to split the total into portions (series) and as those bonds retire (mature), the District issues subsequent series until the total amount is issued. Series bonds ensure that a large project is able to be completed versus risking an initial bond to start the project passing and future bonds to complete the project not passing thus resulting in an incomplete project. The 2018 Verdigris Bond will contain five (5) series.
Q. What is a revenue bond?
A. A revenue bond allows the District to advance fund the series of bonds in order to begin construction much earlier, using the series bonds to retire the revenue bond. In the 2018 proposed Bond, we would receive an advance on the funds so we have use of the funds and can complete the projects substantially sooner.
Q. Why is there money for the Activity Center in every series?
A. The total cost of the Activity Center, along with the other projects, determines the need to include it in more than one or all of the series. Each series is specific to certain equipment within the scope of the Activity Center. The series also allows the District to fund the project with a No Tax Increase Bond.
Q. Why will this bond issue not increase taxes?
A. The timing of each series being issued allows the District to maintain the current tax level. As each series retires (matures), a subsequent series is issued.
Q. Why are line items like textbooks listed in each series?
A. These are line items for which we receive funds every two (2) years to insure that our district can provide the most current educational opportunities such as textbooks, technology, STEM equipment, and facility updates.
Q. What about classroom space?
A. We have been constructing classrooms for the past twenty years and will complete the last project of the current bond issues with an addition at the Junior High School prior to the fall of 2018. Upon completion of this project we believe our school system will have adequate space for current and future students.
Q. Do we need another gym?
A. The short answer is yes. But it is important to note that we are not just building another gym, the proposal is for a Multipurpose Activity Center. The Activity Center will include a permanent stage, up to 3 courts when the seats are retracted, a large hospitality/meeting room, ample seating, restrooms, concession and lobby area. By building this facility it will free up other gyms for cheerleaders, off-season volleyball, track and other school groups. The addition of this facility will result in less travel between campuses for student practices while also facilitating a meeting/assembly area for the full student body to gather. The stage will provide a venue for music performances, plays, graduation, and community events. This location will also allow us to provide more gym time to our local groups by freeing up other facilities.
Q. When will these projects be complete?
A. Most of the line items in Proposal # 1 will begin in the summer of 2018 and be completed prior to the end of the 2018/2019 school year. Exceptions to that timeline include:
Verdigris Schools is excited to announce we have begun the last phase of the overwhelmingly supported 2014 bond issue. Verdigris Schools would like to thank our community for its continued support of our district. As this final phase nears completion and older bonds expire, we are pleased to announce a proposal for a No-Tax Increase Series Bond for 2018-2026. The vote for this new bond issue will be held January 9, 2018. There has been considerable excitement within the school system and community about what the next bond issue will hold for our district. After a great deal of research, strategic planning, listening to our stakeholders, and evaluation of the continuing needs of our growing district, we are pleased to provide the attached proposal impacting all school sites in our district.
Like the previous Bond Issues, this Bond will NOT result in a tax increase for our patrons. If you have any questions, please contact Mike Payne @ 918-266-7227 or mpayne@vps.k12.ok.us.
GO CARDINALS!
Project Details | Activity Center Rendering | Bond Transparency Act of 2017 |
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Thanksgiving Break is the entire week of November 20th - November 24th. Classes resume Monday, November 27th.
Happy Thanksgiving
Verdigris Assembly is conducting its annual Thanksgiving Diner. Click Here for details!
A Thanksgiving Feast with all the trimmings includes:
Turkey, Dressing, Mashed Potatoes and Gravy, Green Beans, Salad with Ranch dressing, Cranberry Salad, Roll and Pumpkin Cake
Thursday, November 2nd
11:00am – 2:00pm Lunch / 4:30pm – 7:00pm Dinner
Adults $10
Children $5
Dine In or Take Out with us at 25815 S. 4110 Road
Directions: In Verdigris at Franklin Road (4110) light, turn north Cross railroad tracks, follow road straight 2/10 mile.
Delivery in Verdigris Area* 10:30am – 6:00pm
Classes for all Verdigris Schools will begin Thursday, August 17, 2017.
Remember that school / classes begin at 8:10.
Open House is scheduled for Tuesday, August 15, 2017
Elementary Campus will be from 5:30 to 6:30
Junior High and High School will be from 6:00 to 7:00
Parents / Guardians
Starting Wednesday, April 19th, students will not be allowed to charge or have a negative balance in their lunch account to eat a school lunch.
Verdigris High School Soccer Booster is proud to present the 7th Annual “Give-N-Glow” 5K Run / Walk. This event is to provide financial support to the coaches and players, beyond the scope of the school provided budget.
Times:
Saturday, April, 22nd 2017
Race-day registration . . . . . . . 6:00 PM
Fun Run start time . . . . . . . . . 7:30 PM
5K “Music-Glow” Start Up . . . 8:15 PM
5K Run / Walk Start time . . . . . 8:40 PM
Verdigris Public Schools will resume classes tomorrow, Wednesday, March 8, 2017. The current District Calendar HAS NOT CHANGED. Our students will be out of school, as originally scheduled, for Spring Break, this Friday March 10th and March 13 - 17, 2017. If any future changes are made to the calendar, parents and students will be notified.
The Administration would like to thank everyone for their patience and understanding during this stressful situation. Verdigris Public Schools would also like to thank all law enforcement agencies for their efforts to protect our school and community and commend them on the successful resolution to this situation.
Respectfully,
Verdigris Public Schools