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Piedmont board accepts sole RW Baird bid for $11.925 million taxable building bonds
Summary
The Piedmont School District board voted unanimously to accept a single bid from RW Baird for $11,925,000 in taxable combined purpose building bonds and authorized the paperwork to register and issue the bonds in advance of a July transfer date.
The Piedmont School District Board of Education voted unanimously to accept a single bid from RW Baird for the sale of $11,925,000 in taxable combined purpose building bonds and then authorized staff to complete required registrations and legal reviews so funds can be transferred in July.
District finance staff summarized market comparisons and recommended accepting the sole bid, arguing the result is within the district’s tax and millage projections. Jordan (district staff member) said, “I would recommend that we accept the 1 bid that we've received,” and added that “Millage isn't changing. That's the single biggest factor.”
Nut graf: The board faced an unusual sale with only one submitted bid. Staff presented recent comparable taxable and tax-exempt sales across Oklahoma to show the bid was within current market parameters and that rejecting the sole bid risks delay and uncertain future pricing. After staff recommendations and brief discussion, board members…
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