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Board approves $29M bond statement, construction GMPs and routine finance items
Summary
On Jan. 13 the board approved a preliminary official statement for a $29 million bond sale, two construction guaranteed maximum price amendments contingent on lease revenue bond proceeds, and routine finance reports and consent items.
The Broken Arrow Public Schools Board of Education approved a series of finance and construction actions during its Jan. 13 meeting, including authorization of a preliminary official statement for $29,000,000 of taxable general obligation bonds, guaranteed maximum price (GMP) amendments for two elementary school additions, and routine finance reports and consent items.
Miss Young presented the preliminary official statement in advance of a planned Feb. 11 bond sale for up to $29,000,000 and said the document had been reviewed by the board’s bond counsel. The board voted to approve the preliminary official statement.
Construction items: Mister Leach brought two…
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