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SILO Public Schools accepts lowest bid for $1.435 million in building bonds
Summary
The board accepted a bid for $1,435,000 in general obligation building bonds from First United Bank and Trust Company (with Northland Securities noted in the record), approving the award by recorded vote with four members present and one absent.
At its Jan. 20 special meeting, the SILO Public Schools School Board received bids for $1,435,000 in General Obligation Building Bonds and accepted the lowest bid as recorded in the minutes. The motion recorded in the transcript reads: "To accept the bid from First United Bank and Trust Company, Northland Securities." The motion was made by Keith Eppler and seconded by Chris Cicio; the roll-call style vote shows Sean Bradley, Keith Eppler, Chris Cicio and Matt Gamble voting yes, with Tabitha Kellam absent.
The minutes do not include bid details such as interest rate, true interest cost, or underwriting fees; they record only the bidder name(s) and the motion to accept. Northland Securities appears in the record alongside First United Bank and Trust Company; the transcript does not explicitly define the roles (for example, whether Northland served as financial advisor or bookrunner). Additional bid documentation would be required to report the pricing and contractual terms of the award.
