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Okmulgee board approves funding agreement with Patrons Bank, seeks better terms
Summary
The board authorized execution of a Non-Payable Warrant Funding Agreement with Patrons Bank on Sept. 17, approving an amendment to accept better terms; the motion passed unanimously during the special meeting.
The Okmulgee Board of Education voted Sept. 17 to approve a Non-Payable Warrant Funding Agreement between the district and Patrons Bank and authorized execution of the agreement. Ms. Kimbley moved to approve the agreement with an amendment to accept better terms; Ms. Vickie Jones seconded. The motion carried with all members present voting aye.
The agenda identified the agreement as Item 2B and the motion included an amendment to seek improved terms before execution. The transcript records the board's vote but does not record the amended terms or any dollar amounts; the specifics of the bank agreement and any negotiated changes were "not specified" in the meeting minutes.
