January 11, 2025 Issue, Page 8 of 12

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8+ SATURDAY, JANUARY 11, 2025 The Elk City News projects, which is the Five Plex UPDATES some short-term debt, thats it? Ivester explained. and the Arrowhead. Those are Continued from page1 He went on to say, “But we're bonds from 2040, everything else were paying as we go replacing the fire station with member hearing other people the half cent sales tax in only along. The airport project and have jets, but we don't have a eight years. Right now, we have the Main Street projects are place to land them, If you build a construction line of credit. almost completely funded by it, will they come?” Ivester said. We had about $2 million in the non-Elk City dollars,” he con- ‘The last project Ivester spoke bank, out of about $15 million. cluded, about was the Main Street The half cent sales tax is ex- Ivester then took questions project that is a 200-day proj- pected to produce around $13 from Rotarians. Those includ- ect that the company has 400 million over those eight years. ed the new putt-putt construc- days to complete, He added Well be in the end of year tion; electrical upgrades at the that they are about 85 days into number three, by the time the park; the water main replace- it; therefore, this time next year construction is complete.” ment projects; staffing issues the project will be completed. “With five years left, we will for the city; lease agreement ‘The important part of the proj- have a short term note at four with the Anadarko Basin Oil ect is not interfering with the and a half for five years, and and Gas Museum for one year; retail season. then both those projects will and new data about tourism in “One ofthe things I'm proud be paid off. The pool is paid Elk City. of is switching to a pay as you off, that was nine and a half ‘The meeting concluded, go system. Where we're not million dollars. The only two and the next meeting will take taking on any debt. There is projects we have any debt on place next Thursday, at noon, were the original two CAPs in the Country Club. MERRITT » eos corn eiete ACADEMY Y, MY BROTHERS. qust< Pia) RIALS OF INDS, FOR YOU KNOW STING OF YOUR FAITH Moran Equipment . We proudly 319 Industrial PRWY appatile EIK City, OK 73644 students, staff 980.225.2515 aid administration Kyle Zybach, CPA, MBA at CBA Schools ZYBACH & Lipscomb ~ FAIRCHILD,CPAs, PLLC Chrysler Dodge Phone: 580.225.1883 Jeep Ram Mobile: 405.406.8179 Elk City, OK 73644 Fax: 580.225.1897 We proudly support the Tax Credits Available/7 students, staff and Apply Today! WY administration at Merritt Schools 580-343-2262 Great Plains Bank 1414 W. 3rd St., Elk City, OK www.combible.org First National Bank [email protected] Lipscomb Chrysler 580.225.1525 ~NAS Dodge Jeep Ram LocalLoanGroup.com