LAWTON — Lawton wants to issue $60 million in bonds to finance road and bridge improvements. If voters approve the measure, the city’s ad valorem road improvement program will remain in place for another 10 years.
The city would issue $60 million in general obligation bonds for the projects and repay the bonds with property tax revenue, also known as ad valorem taxes.
The Lawton City Council recently approved an ordinance calling for a Sept. 12 election on the proposition. The ordinance included a list of specific projects that would be financed with proceeds from the bond issue.
Street projects on the list are:
• Ferris Avenue: 1.8 miles from Fort Sill Boulevard to Northwest Second Street.
Southwest 52nd Street: 0.45 miles from Lee Boulevard to the railroad tracks.
Cache Road: 1 mile from 67th Street to 82nd Street.
Southwest 11th Street: 1 mile from Gore Boulevard to Lee Boulevard.
Fort Sill Boulevard: 1.5 miles from Ferris Avenue to Rogers Lane.
Total cost: $37 million.
The list also contains the following bridge projects:
• Replace the 11th Street bridges south of Interstate 44.
• Rehabilitate the Cache Road bridges west of 38th Street.
• Repair two East Cache Creek bridges on Gore Boulevard.
• Replace the Wolf Creek bridge on 44th Street.
• Repair the Numu Creek bridges on Park Avenue, 17th Street and Ninth Street.
• Replace the Wolf Creek Bridge on 11th Street.
• Repair or replace the Numu Creek bridge on Sheridan Road.
• Replace the Numu Creek bridge on 13th Street.
• Repair the Numu Creek bridge on Lee Boulevard.
• Repair the West Fork Wolf Creek Bridge on Quanah Parker Trailway.
Total cost: $23 million.