Lawton board approves $10.935 million general-obligation bond issuance
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Summary
The Lawton Public Schools Board voted unanimously to approve a resolution authorizing the issuance of $10,935,000 in general-obligation bonds (Series 2026A) and to award the sale to the lowest responsive bidder, approving required forms and disclosures.
The Lawton Public Schools Board unanimously approved a resolution authorizing the issuance of $10,935,000 in general-obligation bonds, Series 2026A, and voted to award the sale to the lowest bidder complying with the notice of sale.
The action was introduced during the superintendent’s report, which listed agenda item 5(a) as "receive bid for the purchase of 10,935,000 general obligation bond series 2026A" and asked the board to either award to the lowest bidder or reject all bids. The presiding official made a motion to accept the lowest bid and the board approved the motion by roll-call vote.
The approved resolution authorizes the form of the bonds, procedures for registration, and the levy of an annual tax to pay principal and interest. It also approved the form of a continuing disclosure agreement and an official statement and authorized the executions and other actions necessary for issuance and delivery.
The board recorded unanimous support among members present. The resolution specifies standard issuing steps; the transcript did not include details about the identity of the winning bidder, the interest rate, or the expected closing date.
The board moved immediately to other bond and policy business following the vote. No public comment on the issuance was recorded in the posted transcript.
