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Poteau board approves sale of $1.955 million installment of previously authorized school bonds
Summary
The Poteau Public Schools Board voted to sell a $1,955,000 installment of general obligation building bonds, part of a 2019 authorization. The resolution sets maturities and authorizes the clerk to publish required notices.
The Poteau Public Schools Board of Education voted to approve a resolution authorizing the sale of a $1,955,000 installment of general obligation building bonds, part of a 2019 voter authorization totaling $14,875,000.
Board Chair (S3) introduced the resolution, and a board member moved to approve. The motion carried after a roll-call vote. The resolution fixes the amount of bonds to mature each year, sets the time and place for sale, and authorizes the clerk to give the notice required by law.
Administrators said the installment is the fifth in the authorized series; the packet referenced prior sales and the remaining schedule for maturities. No member spoke against the measure during discussion. The board’s approval allows the district to put the installment out for bids and continue issuing bonds under the 2019 authorization.
The action follows a presentation that cited background on the election that authorized the bonds and the district’s planned use of proceeds for building projects. The board approved the resolution by roll call.
