Bank of Oklahoma won the low bid on $540,000 general obligation building bonds for the Tonkawa School District.
The board met in special session noon Thursday, June 10.
BOK Financial Securities, Inc. of Oklahoma City bid a net interest cost of $10,611 and average interest rate of 0.9825%.
One of the low bidders was First National Bank of Tonkawa, Tonkawa branch, with a net interest cost of $22,055.42 and an average interest rate of 1.02365%.
The second lowest bid came from Oklahoma State Bank of Guthrie with a net interest cost of $20,908 and an average interest rate of 1.01%.
The only other bidder was Legacy Bank of Hinton with a net interest cost of $22,680 and an average rate of 2.1%.
Board members present for the bid opening included Cara Beth Johnson, Nancy Appleman and Mary Allan. Casey McAninch and Jerry Hook were absent.
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