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Guthrie school board approves $6.15 million bond sale, renews contracts and affirms superintendent decision in student appeal
Summary
At its March 10 meeting the Guthrie Public Schools board awarded $6,150,000 in general obligation building bonds to TD Securities, approved multiple vendor and personnel actions and voted to affirm the superintendent’s decision in a confidential student appeal.
The Guthrie Public Schools Board of Education on March 10 voted to award $6,150,000 in general obligation building bonds to TD Securities, approved multiple contracts and personnel items, and affirmed the superintendent’s decision in a confidential student appeal after an executive session.
The board’s business session opened with a unanimous (7-0) roll call approval to award the district’s general obligation building bonds, series 2025A, to TD Securities. The board packet said the bonds total $6,150,000 with two maturities that include a 2027 maturity; a presenter reported TD Securities’ winning true interest cost at 3.012443 percent and noted that S&P had affirmed the district’s A+ rating.
Why it matters: The bond sale lowers the district’s near-term borrowing costs compared with the district’s offering document assumptions and will affect next year’s debt-service estimates and property-tax levy calculations.
Votes at a glance
- Award bonds: Motion to award…
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