stillwater_public_schools_2024_2025_financial_audi.pdf
School Facility Capital Lease with Payne County Economic Development Authority
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Description
Stillwater Public Schools continues its capital lease with Payne County Economic Development Authority for school facility construction. Outstanding principal as of June 30, 2025, is $88,335,000, with payments through September 2032.
Contract Details
Contract Amount
$88,335,000 (outstanding principal)
Vendor
PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY
Agency
Stillwater Public Schools, OK
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
Capital lease revenue bonds for facilities, dated 6-6-24; payments begin 9-1-25, final payment due 9-1-32
Renewal Date
2032-09-01
Renewal Info
Lease revenue bond agreement is ongoing through scheduled payoff in 2032; terms defined by original bond documents.
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