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Noble Board awards $5.9 million in general obligation bonds to Oppenheimer & Co.; NIC $508,344
Summary
The Board received bids for $5,900,000 in General Obligation Building Bonds and awarded the bonds to the lowest bidder, Oppenheimer & Co. (New York). The minutes record a Net Interest Cost of $508,344.00 and an average rate of 4.308000%.
At the special meeting on April 2, 2026, the Noble Board of Education voted to receive bids for $5,900,000 in General Obligation Building Bonds and to award the bonds to the lowest bidder, Oppenheimer & Co. of New York, New York.
Clerk James Reed moved that the board receive the bids and award the bonds to the lowest bidder; Deputy Clerk Randy Sheppard seconded the motion. The minutes record a Net Interest Cost of $508,344.00 and an Average Rate of 4.308000%. The motion passed; the vote count recorded later shows four members voting yes and one absent for the ballot that followed.
The minutes note that Mr. William Broom arrived at 5:32 p.m., after the meeting was called to order, and that the award was made to Oppenheimer & Co. The record does not include the full bid table, underwriting details beyond the NIC and average rate, or any conditions attached to the award.
