Chickasha school board authorizes sale of $525,000 general-obligation building bonds

The Board of Education of Chickasha Public Schools approved a resolution Wednesday authorizing the sale of the district’s General Obligation Building Bond Series 2025 in the amount of $525,000. The resolution, read aloud by Superintendent Rick (last name not specified in the record), sets the sale to receive sealed or secure electronic bids at the administration building, 900 West Choctaw, Chickasha, Oklahoma, on Oct. 6, 2025, with bids due by 9 a.m. and a special meeting scheduled to award the bonds at noon that day. The bonds are described in the resolution as maturing three years from their date. Board members said the motion followed the written resolution previously read into the record and directed the clerk to post the notice of sale as required by law. The board called roll and recorded affirmative votes to carry the resolution. The action follows authorization given in August 2022 for the district to issue general obligation building bonds; the board’s resolution fixes the timing, maturity schedule and notice requirements required to solicit bids. Superintendent Rick read the exact resolution language into the record as part of the motion. The board did not change the principal amount or maturity schedule during the meeting; bids will be awarded to the bidder offering the lowest interest rate who agrees to pay par and accrued interest. The clerk will post the legally required notice of sale. The board’s vote was recorded by roll call; individual “yes” responses were recorded in the minutes. No contrary vote was recorded on the board floor during the public meeting. Board members and staff said the clerk will handle the posting and the administration will open bids at the special meeting on Oct. 6. For additional details, the district’s posted resolution and the formal bid documents will specify redemption, interest and payment terms once the sale is completed.