I'm sure its pretty common, they paint these on a lot of schools which is where this one happens to be at. Its at an elementary school playground near my house in the Bedford TX area.

I sold the bike for $400, figured even with the new pedals and tires and that Ti saddle it was a fair price considering conversions in the DFW area CL are on sale for crazy prices I'm not about to be one of those A-Holes!