More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Learn about Projects for Oklahoma Capitol Improvement Authority Investor Relations, including The State Capitol Repair, American Indian Cultural Center and Museum Project, and Next Generation Facility.
The State Capitol building was built between 1914 and 1917 and is home to all three branches of State government and vast collections of State art. The State Capitol building had never undergone a comprehensive restoration despite its century of use and harsh Oklahoma weather.
The Project is a six-year, estimated $245 million restoration effort that will completely modernize the State Capitol building. The Project includes modernizing the building’s infrastructure and shoring up the limestone façade while
upgrading the functionality of the building for tenants and visitors alike. Investigation and construction
work began in 2015.
The AICCM is located in Oklahoma City, Oklahoma, the heart of Indian Country, on a 33.6 acre site on the Oklahoma River. The AICCM’s museum experience intends to feature interactive exhibitions, educational programming and events in a structure exceeding 140,000 square feet, containing architectural spaces that will echo Native American values and traditions, and inclusive of outdoor experiences including a large promontory walk. Groundbreaking on the AICCM began in 2005, but construction was halted in 2012 when dedicated funds for the AICCM were exhausted. Contracts for design updates and other preparation for construction-related activities on the AICCM resumed in the fall of 2017, with the intent of the AICCM opening to the public in 2021. The budget to complete the construction of the AICCM is $50 million, with funding coming from the following three sources: (i) $25 million in proceeds from the Series 2018B Bond, (ii) $16 million from private and tribal contributions previously deposited in the American Indian Cultural Center and Museum Completion Fund (the “AICCM Completion Fund”) created pursuant to Section 1226.20 of the NACEA Act, a portion of which has already been expended towards completion of the AICCM, and (iii) $9 million from the City of Oklahoma City, Oklahoma (the “City”) pursuant to Section 1226.2 of the NACEA Act, which amount is required to be deposited into the AICCM Completion Fund. Monies on deposit in the AICCM Completion Fund may only be expended for the purpose of completing the AICCM. In addition, the City will assume responsibility for the operation and maintenance of the AICCM after it opens to the public.
The American Indian Cultural Center Foundation, a nonprofit organization that is the source of the $16 million previously deposited in the AICCM Completion Fund, intends to spend approximately $15 million on the design, display, and acquisition of exhibits for, and other expenses of, the AICCM, the funding of which will come from private and tribal contributions.
The Project has been named the “Next Generation Facility” or “NGF” for short. The NGF will be constructed on the grounds of the current Central Oklahoma Juvenile Center (the “COJC”) location in Tecumseh, Oklahoma. The NGF will consolidate the three existing OJA secure care facilities located across the State, including the COJC. The COJC is on 30 developed acres of a 147.7 acre plot and has been in use since 1919.
The NGF will include up to nine cottages that will provide living quarters for up to 144 residents. The Project is being planned and staged to minimize disruption to the day-to-day operations of the COJC, which will continue to house youth during the construction of the Project. This centralized campus will replace obsolete housing units that were designed and built for other purposes and other populations.
The NGF will focus on providing rehabilitative and therapeutic services in a specifically designed facility for juvenile justice programming. The NGF will encompass residential cottages for male and female youth in OJA’s care along with a modern health services building. To help its residents be physically active, the Project includes a regulation size soccer field that may also be used for football and baseball/softball, and two outside basketball courts (one for each of the male and female residents).
Consolidation of OJA’s three existing secure care facilities into the NGF will result in a more therapeutic environment for its residents and better working conditions for OJA staff, and will also result in significant savings by consolidating services such as cafeteria, laundry and maintenance. Further, use of technology and smart housing unit design in the NGF will allow OJA staff to be more efficient and effective.
The Project will construct, repair and rehabilitate the following flood-control dams in the State: (i) Sallisaw 33 located in Sequoyah County; (ii) Fourche Maline 7M located in Latimer County; (iii) Upper Elk 23D located in Beckham County; (iv) Upper Black Bear 62 located in Noble County; (v) Quapaw 15M located in Lincoln County; and (vi) Upper Clear Boggy 26 located in Pontotoc County. OCC intends to leverage the Series 2019A Bond proceeds to obtain approximately $7.7 million in matching USDA federal funds designated for construction of dams in the State, which funds will be applied to the Project.