Revenue Bond Paperwork Signed for New County Correctional Facilities
(Bartlesville) – The process of building a new Washington County Correctional
Facility is continuing on schedule after voters approved the half cent sales tax
proposal in June, 2009. Paperwork was signed today at BancFirst in downtown
Bartlesville to complete the process for Washington County to issue its Sales
Tax Revenue Bonds in the amount of $15,940,000 for the construction of the new
County Correctional Facilities. Pictured left to right are: Lewis Donnell,
Project Construction Manager; County Sheriff Rick Silver, and Chairman of the
Board of County Commissioners Linda D. Herndon. The county received a 3.03%
average interest rate on these bonds, one of the lowest rates for Sales Tax
Revenue bonds seen recently in the state, according to J. Brent Clark, Bond
Counsel for the Washington County Correctional Facilities Authority. Bids for
construction will be opened at 2 PM, February 23rd in the County Commissioner
Chambers. Ground breaking for the new facility is planned for March 1st. |