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Mustang Board approves bond sale authorizations, reappoints bond counsel and OKs construction and technology contracts
Summary
The Mustang Board of Education voted to set sale dates for three series of general obligation bonds, reapproved bond counsel Terry Hawkins of Phillips Murrah PC, and awarded contracts for network wiring and a cafeteria sound system; the board also approved a nearby land purchase and multiple employment recommendations.
The Mustang Board of Education voted unanimously to authorize the sale of multiple general-obligation bond series, reapproved long-time bond counsel and approved several construction and technology contracts during its regular meeting.
In a series of routine financial actions the board set sale parameters for bonds tied to prior elections and announced bid dates. The board approved a resolution to begin the sale process for a series tied to the 2017 election (amounts referenced in the meeting tied to the 2017 authorization), approved a federally taxable series described as $3,140,000 with bids due at 9:30 a.m. on May 11, and approved a separate combined-purpose series from the 2023 election in the amount of $4,000,000 — including $1,000,000 designated for transportation — with bids due at 10:00 a.m. on May 11. The actions were described by staff as procedural steps to set sale dates and maturities and to authorize the clerk to give required notice.
The board reapproved Terry Hawkins of Phillips Murrah PC to serve as bond counsel for the district's issues; meeting remarks noted Hawkins has served in that role for roughly 11—12 years and that his fee schedule remains unchanged.
On facilities and technology the board accepted a sealed bid award for network wiring at Mustang High School Building L to Owens Communications for $159,100 and accepted a quote from Video Reality for a cafeteria sound system and Mustang High School expansion for $56,727.79. Both contract awards were moved, seconded and approved by voice vote.
Other formal actions included reauthorizing BOK Financial Services to provide financial advisory services related to the district's general obligation bonds, approving the superintendent's employment recommendations listed on schedules A, B and C, and approving terms to purchase a parcel identified in the meeting as 108 West Dowden Drive, described as located about a block south of the district campus. The board entered executive session at 6:42 p.m. to discuss agenda items authorized by state law and later reported no action was taken in executive session.
The motions for the bond-sale authorizations, bond-counsel reapproval, contract awards and land purchase were all moved, seconded and passed by voice vote at the meeting. Where precise roll-call tallies were not recorded in the transcript the meeting record shows voice votes with "Aye."
