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Board awards $2.205 million taxable GO bonds to UMB Bank, approves issuance resolution
Summary
The Chickasha Public School District awarded its $2,205,000 federally taxable general obligation combined-purpose bonds to UMB Bank at a 4.74778% average rate and approved a resolution authorizing the bonds and related disclosures.
The Board of Education for Chickasha Public School District I-001 voted to award the district’s $2,205,000 general obligation combined-purpose bonds, federally taxable series 2025, to UMB Bank of Kansas City and approved a resolution authorizing issuance and related disclosures.
Zach Robinson, identified in the meeting as the successful purchaser representative, told the board the sale drew five bids and that UMB Bank submitted the low bid with a net interest cost translating to an average interest rate of 4.74778 percent. “When…
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