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OKCPS board approves sale of $36M and $10.845M bond series, adopts related resolutions

December 09, 2025 | OKLAHOMA CITY (Regular School District), School Districts, Oklahoma


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OKCPS board approves sale of $36M and $10.845M bond series, adopts related resolutions
The Oklahoma City Public Schools board voted unanimously to accept bids and adopt resolutions authorizing the issuance and sale of two general obligation bond series.

Bond advisor Chris Gander and bond attorney Nate Ellis presented bid results. For the combined-purpose, tax-exempt Series 2026A (general obligation bonds), the low bidder was PNC Capital Markets with a net interest cost of 2.932619% on a $36,000,000 offering. The board moved to accept the bid and award the sale to PNC Capital Markets; the motion carried 8–0.

For the taxable general obligation building bonds Series 2026B ($10,845,000), the low rate and award went to UMB Bank at a net interest cost of 4.039762%; that motion also carried 8–0.

Craig read the short titles of resolutions authorizing both Series 2026A and 2026B, which specify the sums, prescribe forms of bonds, provide for registration and levy of an annual tax for payment of principal and interest, approve continuing-disclosure agreements and official statements, and authorize actions necessary for issuance and delivery by Independent School District No. 89 of Oklahoma County, Oklahoma. The board adopted each resolution by unanimous vote.

Board members corrected a typographical reference to “2025” during the meeting and confirmed the record refers to Series 2026A and 2026B in the official minutes. The acceptance of bids and resolution adoptions were recorded in the official minutes with recorded tallies of 8 ayes and 0 nays.

These bond sales implement debt previously authorized by district voters and advance projects funded by the district's bond program.

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